401(k) · DOL Form 5500 · 2024

First Exchange Bank 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
62
Participants Small participant base
51st
Percentile by assets National rank
$126,601
Avg per participant Near avg balance/head
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Official DOL plan name: First Exchange Bank 401(k) Employee Stock Ownership Plan · Sponsored by First Exchange Bank · West Virginia · Finance & Insurance

$8M in assets, 62 participants

First Exchange Bank's First Exchange Bank 401(k) Employee Stock Ownership Plan reported $8M in total assets and 62 participants in its 2024 DOL Form 5500 filing, ranking in the 51st 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.

  • #2,999 in Finance & Insurance (8,549 peers)

What the 2024 filing shows

First Exchange Bank 401(k) Employee Stock Ownership Plan holds $8M for 62 participants - about $126,601 per participant, above the median plan by assets.

#2,999
in Finance & Insurance (8,549 peers)
+7.2%
assets growth YoY

First Exchange Bank 401(k) Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

First Exchange Bank 401(k) Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$7,849,243 Top 49% higher than 51% of 123,620 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 2024

First Exchange Bank 401(k) Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Exchange Bank 401(k) Employee Stock Ownership Plan is a small filing (62 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First Exchange Bank 401(k) Employee Stock Ownership Plan reported net income rose from $54K in the plan year 2023 filing to $525K in the plan year 2024 filing.
  • First Exchange Bank 401(k) Employee Stock Ownership Plan reported participants rose from 49 in the plan year 2023 filing to 62 in the plan year 2024 filing.
  • First Exchange Bank 401(k) Employee Stock Ownership Plan end-of-year assets rose from $7M in the plan year 2023 filing to $8M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 550170680 · First Exchange Bank PY 2024 · 401(k)

First Exchange Bank 401(k) Employee Stock Ownership Plan · $8M · 62 · 51st

  • BOY $8M
  • BOY 62
  • BOY 51st
  • BOY 401(k)
  • BOY near Sa Automotive 401(k) & Profit Sharing Plan
  • BOY ind #2999

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 West Virginia →

First Exchange Bank 401(k) Employee Stock Ownership Plan in the asset neighbourhood

First Exchange Bank 401(k) Employee Stock Ownership PlanFirst Exchange Bank 401(k) E…$8MSa Automotive 401(k) & Profit Sharing PlanSa Automotive 401(k) & Profi…$8MCommunity Options, Inc. Savings and Retirement PlanCommunity Options, Inc. Savi…$8MJames Construction Company Retirement Plan and Trust AgreementJames Construction Company R…$8MAda Technologies 401(k) Retirement Savings PlanAda Technologies 401(k) Reti…$8M
End-of-year total assets ($M) among First Exchange Bank 401(k) Employee Stock Ownership Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Filing particulars (2024)

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$8M
Net Income$525K
Employer EIN550170680
Plan Effective Date1979-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Exchange Bank)

Sponsor-wide plan assets over time

All First Exchange Bank plans reported in each filing year

Latest sponsor-wide plan assets
$8M 7.96186171708926% vs 2022
2024 filing year
$7.2M$7.4M$7.6M$7.8M$8M 202220232024 $7.27M $7.85M ▲ +8.0%
Year Plans Participants Total Assets
2022 1 55 $7M
2023 1 49 $7M
2024 1 62 $8M

Nearby 401(k) Plans in West Virginia

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

First Exchange Bank 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in West Virginia, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -0.500.511.5 Total assets ($B) Participants First Exchange Bank 401(k) Employee Stock Ownership Plan, Total assets ($B): 0.007849243 · Participants: 62First Exchange Bank 401(k) Employee Stock Ownership PlanOrrick, Herrington & Sutcliffe LLP Retirement Plan, Total assets ($B): 1.177090773 · Participants: 1845Orrick, Herrington & Sutcliffe LLP Retirement PlanVandalia Health System 401(k) Retirement Savings P, Total assets ($B): 0.852839622 · Participants: 0Vandalia Health System 401(k) Retirement Savings PAmerican Public Education Retirement Plan, Total assets ($B): 0.303164024 · Participants: 5717American Public Education Retirement PlanWest Virginia University Health System 401(k) Plan, Total assets ($B): 0.255427542 · Participants: 4549West Virginia University Health System 401(k) PlanUnited Bankshares, Inc. Savings and Stock Investment Plan, Total assets ($B): 0.2487143 · Participants: 2561United Bankshares, Inc. Savings and Stock Investment Plan
First Exchange Bank 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in West Virginia, assets vs. participants
Compare First Exchange Bank 401(k) Employee Stock Ownership Plan side-by-side with 3 peers →

First Exchange Bank 401(k) Employee Stock Ownership Plan's out-of-state 401(k) peers by assets and headcount

Outside West Virginia, the nearest 401(k) by assets is Sa Automotive 401(k) & Profit Sharing Plan in WI ($8M); by covered participants it is Socal Auto & Truck Parts, Inc. 401(k) Plan in CA (62 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (62 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did First Exchange Bank 401(k) Employee Stock Ownership Plan assets move in 2024? ▼
First Exchange Bank 401(k) Employee Stock Ownership Plan grew at a solid clip - up 7.2% during 2024, from $7M to $8M. Reported net income was $525K.
How have First Exchange Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Exchange Bank's sponsor-wide assets grew 8.0%, from $7M to $8M.
Which 401(k) plans are similar in size to First Exchange Bank 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by assets is Sa Automotive 401(k) & Profit Sharing Plan in WI ($8M, 313 participants).
Which 401(k) plans cover a similar participant headcount to First Exchange Bank 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Socal Auto & Truck Parts, Inc. 401(k) Plan in CA (62 participants, $2M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 550170680.

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.