401(k) · DOL Form 5500 · 2023

First Western Bank & Trust 401(k) Plan

Data updated 2026-08-25

$40M
Total assets Below avg plan size
303
Participants Below avg headcount
83rd
Percentile by assets National rank
$132,841
Avg per participant Near avg balance/head
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Official DOL plan name: First Western Bank & Trust 401(k) · Sponsored by First Western Bank & Trust · North Dakota · Finance & Insurance

$40M in assets, 303 participants

First Western Bank & Trust's First Western Bank & Trust 401(k) reported $40M in total assets and 303 participants in its 2023 DOL Form 5500 filing, ranking in the 83rd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #6,572 in Finance & Insurance (8,869 peers)

Where First Western Bank & Trust 401(k) sits by assets

First Western Bank & Trust 401(k) sits in the top quartile of all filed plans by assets, $40M for 303 participants (~$132,841/participant), up 22.6% in 2023.

#6,572
in Finance & Insurance (8,869 peers)
+22.6%
assets growth YoY
0.4×
vs typical plan assets (national mean)

First Western Bank & Trust 401(k)'s outsized position by total assets

First Western Bank & Trust 401(k) vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$40,250,688 Top 17% higher than 83% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

First Western Bank & Trust 401(k) among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Western Bank & Trust 401(k) sits mid-pack in the medium band (303 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First Western Bank & Trust 401(k) reported net income rose from -$2M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • First Western Bank & Trust 401(k) end-of-year assets rose from $33M in the plan year 2022 filing to $40M in the plan year 2023 filing.
  • First Western Bank & Trust 401(k) reported participants fell from 367 in the plan year 2022 filing to 303 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 450279825 · First Western Bank & Trust PY 2023 · 401(k)

First Western Bank & Trust 401(k) · $40M · 303 · 83rd

  • BOY $40M
  • BOY 303
  • BOY 83rd
  • BOY 401(k)
  • BOY near The Leona M and Harry B Helmsley Charitable Trust 401(k) Plan
  • BOY ind #6572

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in North Dakota →

First Western Bank & Trust 401(k) in the asset neighbourhood

First Western Bank & Trust 401(k)First Western Bank & Trust 4…$40MThe Leona M and Harry B Helmsley Charitable Trust 401(k) PlanThe Leona M and Harry B Helm…$40MLogistic Services International, Inc. 401(k) PlanLogistic Services Internatio…$40MCenturum, Inc. Profit Sharing and Retirement SavingsCenturum, Inc. Profit Sharin…$40MSuperior Industries International, Inc. Savings and Retirement PlanSuperior Industries Internat…$40M
End-of-year total assets ($M) among First Western Bank & Trust 401(k) and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$33M
Net Assets (End of Year)$40M
Net Income$7M
Employer EIN450279825
Plan Effective Date1997-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Western Bank & Trust)

Sponsor-wide plan assets over time

All First Western Bank & Trust plans reported in each filing year

Latest sponsor-wide plan assets
$44M 32.98341386404681% vs 2022
2024 filing year
$30M$35M$40M$45M 202220232024 $32.8M $43.7M ▲ +33.0%
Year Plans Participants Total Assets
2022 1 367 $33M
2023 1 303 $40M
2024 1 302 $44M

Nearby 401(k) Plans in North Dakota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

First Western Bank & Trust 401(k) vs. nearby 401(k) plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -101234 Total assets ($B) Participants First Western Bank & Trust 401(k), Total assets ($B): 0.040250688 · Participants: 303First Western Bank & Trust 401(k)Sanford Retirement Savings Plan, Total assets ($B): 3.110361496 · Participants: 30495Sanford Retirement Savings PlanMdu Resources Group, Inc. 401(k) Retirement Plan, Total assets ($B): 0.829880488 · Participants: 8551Mdu Resources Group, Inc. 401(k) Retirement PlanKnife River Corporation 401(k) Retirement Plan, Total assets ($B): 0.7412361 · Participants: 5269Knife River Corporation 401(k) Retirement PlanDakotas Areawide IBEW-NECA Savings and Retirement Plan, Total assets ($B): 0.521170291 · Participants: 3853Dakotas Areawide IBEW-NECA Savings and Retirement PlanEide Bailly LLP 401(k) Profit Sharing Plan, Total assets ($B): 0.512524705 · Participants: 2920Eide Bailly LLP 401(k) Profit Sharing Plan
First Western Bank & Trust 401(k) vs. nearby 401(k) plans in North Dakota, assets vs. participants
Compare First Western Bank & Trust 401(k) side-by-side with 3 peers →

First Western Bank & Trust 401(k)'s out-of-state 401(k) peers by assets and headcount

Outside North Dakota, the nearest 401(k) by assets is The Leona M and Harry B Helmsley Charitable Trust 401(k) Plan in NY ($40M); by covered participants it is Emergency Hospital Systems 401(k) Plan in TX (303 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (303 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did First Western Bank & Trust 401(k) assets move in 2023? ▼
First Western Bank & Trust 401(k) grew sharply - up 22.6% during 2023, from $33M to $40M. Reported net income was $7M.
How have First Western Bank & Trust plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Western Bank & Trust's sponsor-wide assets grew 33.0%, from $33M to $44M.
Where does First Western Bank & Trust 401(k) rank by assets among Form 5500 filers? ▼
First Western Bank & Trust 401(k) ranks in the 83rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to First Western Bank & Trust 401(k)? ▼
Among 401(k) plans in other states, the closest by assets is The Leona M and Harry B Helmsley Charitable Trust 401(k) Plan in NY ($40M, 102 participants).
Which 401(k) plans cover a similar participant headcount to First Western Bank & Trust 401(k)? ▼
Among 401(k) plans in other states, the closest by covered participants is Emergency Hospital Systems 401(k) Plan in TX (303 participants, $2M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 450279825.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.