401(k) · DOL Form 5500 · 2024

First Federal Savings Bank of Lincolnton 401(k) Plan

Data updated 2026-08-25

$10M
Total assets Small plan by assets
45
Participants Small participant base
55th
Percentile by assets National rank
$214,809
Avg per participant Above avg balance/head
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Official DOL plan name: First Federal Savings Bank of Lincolnton 401(k) Plan · Sponsored by First Federal Savings Bank of Lincolnton · North Carolina · Finance & Insurance

$10M in assets, 45 participants

First Federal Savings Bank of Lincolnton's First Federal Savings Bank of Lincolnton 401(k) Plan reported $10M in total assets and 45 participants in its 2024 DOL Form 5500 filing, ranking in the 55th 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.

  • #3,325 in Finance & Insurance (8,549 peers)

First Federal Savings Bank of Lincolnton multi-year trail

First Federal Savings Bank of Lincolnton's plans moved +14.2% in assets from 2022 to 2024; this filing shows First Federal Savings Bank of Lincolnton 401(k) Plan at $10M / 45 participants.

#3,325
in Finance & Insurance (8,549 peers)
+12.1%
assets growth YoY

First Federal Savings Bank of Lincolnton 401(k) Plan's mid-pack asset rank among Finance & Insurance and all filers

First Federal Savings Bank of Lincolnton 401(k) Plan vs every filed plan by assets

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

$9,666,413 Top 45% higher than 55% 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 Federal Savings Bank of Lincolnton 401(k) 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 Federal Savings Bank of Lincolnton 401(k) Plan is a small filing (45 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First Federal Savings Bank of Lincolnton 401(k) Plan reported net income rose from $161K in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • First Federal Savings Bank of Lincolnton 401(k) Plan end-of-year assets rose from $9M in the plan year 2023 filing to $10M in the plan year 2024 filing.
  • First Federal Savings Bank of Lincolnton 401(k) Plan reported participants rose from 43 in the plan year 2023 filing to 45 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 560499280 · First Federal Savings Bank of Lincolnton PY 2024 · 401(k)

First Federal Savings Bank of Lincolnton 401(k) Plan · $10M · 45 · 55th

  • BOOK $10M
  • VS-ST 45
  • BOY 55th
  • SCH 401(k)
  • EBSA near Challenger Companies, Inc. 401(k) Plan
  • PART ind #3325

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 Carolina →

First Federal Savings Bank of Lincolnton 401(k) Plan in the asset neighbourhood

First Federal Savings Bank of Lincolnton 401(k) PlanFirst Federal Savings Bank o…$10MChallenger Companies, Inc. 401(k) PlanChallenger Companies, Inc. 4…$10MHotels Unlimited, Inc. & Affiliates 401(k) PlanHotels Unlimited, Inc. & Aff…$10MScheen & Smith, P.S.C. Profit Sharing and 401(k) PlanScheen & Smith, P.S.C. Profi…$10MD'arcy 401(k) Plan$10M
End-of-year total assets ($M) among First Federal Savings Bank of Lincolnton 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

First Federal Savings Bank of Lincolnton multi-year asset trail

Sponsor-wide plan assets over time

All First Federal Savings Bank of Lincolnton plans reported in each filing year

Latest sponsor-wide plan assets
$10M 14.207970373832582% vs 2022
2024 filing year
$8M$8.5M$9M$9.5M$10M 202220232024 $8.46M $9.67M ▲ +14.3%
Year Plans Participants Total Assets
2022 1 44 $8M
2023 1 43 $9M
2024 1 45 $10M

First Federal Savings Bank of Lincolnton filing trail (2024)

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$10M
Net Income$1M
Employer EIN560499280
Plan Effective Date1995-07-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in North Carolina

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

First Federal Savings Bank of Lincolnton 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -20020406080 Total assets ($B) Participants First Federal Savings Bank of Lincolnton 401(k) Plan, Total assets ($B): 0.009666413 · Participants: 45First Federal Savings Bank of Lincolnton 401(k) PlanThe Bank of America 401(k) Plan, Total assets ($B): 62.902405616 · Participants: 168963The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 16.316486587 · Participants: 39468Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 11.269744 · Participants: 27341Duke Energy Retirement Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 9.349291649 · Participants: 27070Nucor Corporation Profit Sharing and Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 9.231001739 · Participants: 52699Truist Financial Corporation 401(k) Savings Plan
First Federal Savings Bank of Lincolnton 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare First Federal Savings Bank of Lincolnton 401(k) Plan side-by-side with 3 peers →

First Federal Savings Bank of Lincolnton 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Challenger Companies, Inc. 401(k) Plan in ID ($10M); by covered participants it is Coact, Inc. 401(k) Plan in MD (45 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($10M here).

Similar participant headcount

Nearest other-state filings by covered participants (45 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 Federal Savings Bank of Lincolnton 401(k) Plan assets move in 2024? ▼
First Federal Savings Bank of Lincolnton 401(k) Plan grew at a solid clip - up 12.1% during 2024, from $9M to $10M. Reported net income was $1M.
How have First Federal Savings Bank of Lincolnton plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Federal Savings Bank of Lincolnton's sponsor-wide assets grew 14.2%, from $8M to $10M.
Which 401(k) plans are similar in size to First Federal Savings Bank of Lincolnton 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Challenger Companies, Inc. 401(k) Plan in ID ($10M, 140 participants).
Which 401(k) plans cover a similar participant headcount to First Federal Savings Bank of Lincolnton 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Coact, Inc. 401(k) Plan in MD (45 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 560499280.

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.