401(k) · DOL Form 5500 · 2023

First Bank Upper Michigan 401(k) Plan

Data updated 2026-08-25

$26M
Total assets Below avg plan size
125
Participants Small participant base
77th
Percentile by assets National rank
$207,107
Avg per participant Above avg balance/head
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Official DOL plan name: First Bank Upper Michigan Def Comp P/S · Sponsored by First Bank Upper Michigan · Michigan · Finance & Insurance

$26M in assets, 125 participants

First Bank Upper Michigan's First Bank Upper Michigan Def Comp P/S reported $26M in total assets and 125 participants in its 2023 DOL Form 5500 filing, ranking in the 77th 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.

  • #5,769 in Finance & Insurance (8,869 peers)

Coverage in Michigan

First Bank Upper Michigan Def Comp P/S covers 125 participants in Michigan, about 20% of the average Michigan filer (state average ~638 per filing). Assets: $26M.

#5,769
in Finance & Insurance (8,869 peers)
+17.0%
assets growth YoY
0.3×
vs typical plan assets (national mean)

First Bank Upper Michigan Def Comp P/S's outsized position by total assets

First Bank Upper Michigan Def Comp P/S vs every filed plan by assets

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

$25,888,435 Top 23% higher than 77% 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 Bank Upper Michigan Def Comp P/S 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 Bank Upper Michigan Def Comp P/S sits mid-pack in the medium band (125 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First Bank Upper Michigan Def Comp P/S reported net income rose from -$4M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • First Bank Upper Michigan Def Comp P/S end-of-year assets rose from $22M in the plan year 2022 filing to $26M in the plan year 2023 filing.
  • First Bank Upper Michigan Def Comp P/S reported participants rose from 122 in the plan year 2022 filing to 125 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 380579985 · First Bank Upper Michigan PY 2023 · 401(k)

First Bank Upper Michigan Def Comp P/S · $26M · 125 · 77th

  • EOY $26M
  • 5500 125
  • ASSETS 77th
  • PCT 401(k)
  • EIN near Ska Consulting Engineers, Inc. Thrift Savings Plan
  • RANK ind #5769

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 Michigan →

First Bank Upper Michigan Def Comp P/S in the asset neighbourhood

First Bank Upper Michigan Def Comp P/SFirst Bank Upper Michigan De…$26MSka Consulting Engineers, Inc. Thrift Savings PlanSka Consulting Engineers, In…$26MStar Leasing Company, LLC 401(k) PlanStar Leasing Company, LLC 40…$26MIrr Supply Centers, Inc. 401(k) Profit Sharing Retirement PlanIrr Supply Centers, Inc. 401…$26MIntercom, Inc. Retirement TrustIntercom, Inc. Retirement Tr…$26M
End-of-year total assets ($M) among First Bank Upper Michigan Def Comp P/S and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Michigan filing particulars

Total Assets (Beginning of Year)$22M
Net Assets (End of Year)$26M
Net Income$4M
Employer EIN380579985
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Bank Upper Michigan)

Sponsor-wide plan assets over time

All First Bank Upper Michigan plans reported in each filing year

Latest sponsor-wide plan assets
$29M 31.177912893852376% vs 2022
2024 filing year
$20M$25M$30M 202220232024 $22.1M $29M ▲ +31.1%
Year Plans Participants Total Assets
2022 1 122 $22M
2023 1 125 $26M
2024 1 121 $29M

Nearby 401(k) Plans in Michigan

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

First Bank Upper Michigan Def Comp P/S vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -50510152025 Total assets ($B) Participants First Bank Upper Michigan Def Comp P/S, Total assets ($B): 0.025888435 · Participants: 125First Bank Upper Michigan Def Comp P/SGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 20.378449285 · Participants: 47299General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 15.588575271 · Participants: 30516Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.084842211 · Participants: 18088The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 8.580684909 · Participants: 40393The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 7.617084451 · Participants: 59195Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
First Bank Upper Michigan Def Comp P/S vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare First Bank Upper Michigan Def Comp P/S side-by-side with 3 peers →

First Bank Upper Michigan Def Comp P/S's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Ska Consulting Engineers, Inc. Thrift Savings Plan in NC ($26M); by covered participants it is R. C. Construction Co., Inc. 401(k) Salary Savings Plan in MS (125 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (125 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 Bank Upper Michigan Def Comp P/S assets move in 2023? ▼
First Bank Upper Michigan Def Comp P/S grew sharply - up 17.0% during 2023, from $22M to $26M. Reported net income was $4M.
How have First Bank Upper Michigan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Bank Upper Michigan's sponsor-wide assets grew 31.2%, from $22M to $29M.
Where does First Bank Upper Michigan Def Comp P/S rank by assets among Form 5500 filers? ▼
First Bank Upper Michigan Def Comp P/S ranks in the 77th 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 Bank Upper Michigan Def Comp P/S? ▼
Among 401(k) plans in other states, the closest by assets is Ska Consulting Engineers, Inc. Thrift Savings Plan in NC ($26M, 93 participants).
Which 401(k) plans cover a similar participant headcount to First Bank Upper Michigan Def Comp P/S? ▼
Among 401(k) plans in other states, the closest by covered participants is R. C. Construction Co., Inc. 401(k) Salary Savings Plan in MS (125 participants, N/A 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 380579985.

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.