401(k) · DOL Form 5500 · 2024

First Bank 401(k) Plan

Data updated 2026-08-25

$23M
Total assets Small plan by assets
130
Participants Small participant base
73rd
Percentile by assets National rank
$175,771
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Savings Plan for Employees of First Bank · Sponsored by First Bank · Alaska · Finance & Insurance

$23M in assets, 130 participants

First Bank's Savings Plan for Employees of First Bank reported $23M in total assets and 130 participants in its 2024 DOL Form 5500 filing, ranking in the 73rd 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.

  • #5,004 in Finance & Insurance (8,549 peers)

Coverage in Alaska

Savings Plan for Employees of First Bank covers 130 participants in Alaska, about 27% of the average Alaska filer (state average ~481 per filing). Assets: $23M.

#5,004
in Finance & Insurance (8,549 peers)
-2.8%
assets change YoY

The plan reported a net loss of $665K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Savings Plan for Employees of First Bank's outsized position by total assets

Savings Plan for Employees of First Bank vs every filed plan by assets

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

$22,850,178 Top 27% higher than 73% 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

Savings Plan for Employees of First Bank among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Savings Plan for Employees of First Bank sits mid-pack in the medium band (130 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Savings Plan for Employees of First Bank reported net income fell from $3M in the plan year 2023 filing to -$665K in the plan year 2024 filing.
  • Savings Plan for Employees of First Bank reported participants rose from 124 in the plan year 2023 filing to 130 in the plan year 2024 filing.
  • Savings Plan for Employees of First Bank end-of-year assets fell from $24M in the plan year 2023 filing to $23M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 920007523 · First Bank PY 2024 · 401(k)

Savings Plan for Employees of First Bank · $23M · 130 · 73rd

  • PART $23M
  • PART 130
  • PART 73rd
  • PART 401(k)
  • PART near The Millcraft Paper Company Savings & Investment Plan
  • PART ind #5004

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 Alaska →

Savings Plan for Employees of First Bank in the asset neighbourhood

Savings Plan for Employees of First BankSavings Plan for Employees o…$23MThe Millcraft Paper Company Savings & Investment PlanThe Millcraft Paper Company …$23MInsurance Organizations' Savings Trust 401(k) PlanInsurance Organizations' Sav…$23MIwaki America Inc. Employee Savings and Profit Sharing PlanIwaki America Inc. Employee …$23MTri Star Engineering Inc. 401(k) Profit Sharing PlanTri Star Engineering Inc. 40…$23M
End-of-year total assets ($M) among Savings Plan for Employees of First Bank and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Alaska filing particulars

Total Assets (Beginning of Year)$24M
Net Assets (End of Year)$23M
Net Income-$665K
Employer EIN920007523
Plan Effective Date1984-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Bank)

Sponsor-wide plan assets over time

All First Bank plans reported in each filing year

Latest sponsor-wide plan assets
$23M 9.656601868677908% vs 2022
2024 filing year
$20M$21M$22M$23M$24M 202220232024 $20.8M $22.9M ▲ +9.6%
Year Plans Participants Total Assets
2022 1 126 $21M
2023 1 124 $24M
2024 1 130 $23M

Nearby 401(k) Plans in Alaska

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

Savings Plan for Employees of First Bank vs. nearby 401(k) plans in Alaska, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -0.500.511.52 Total assets ($B) Participants Savings Plan for Employees of First Bank, Total assets ($B): 0.022850178 · Participants: 130Savings Plan for Employees of First BankArctic Slope Regional Corporation and Subsidiaries Employees Retirement Plan, Total assets ($B): 1.494164492 · Participants: 15504Arctic Slope Regional Corporation and Subsidiaries Employees Retirement PlanGainwell Technologies 401(k) Plan, Total assets ($B): 0.691328589 · Participants: 10917Gainwell Technologies 401(k) PlanCook Inlet Region 401(k) Retirement Plan, Total assets ($B): 0.58939182 · Participants: 5189Cook Inlet Region 401(k) Retirement PlanBristol Bay Native Corporation 401(k) Savings Plan, Total assets ($B): 0.479807729 · Participants: 5230Bristol Bay Native Corporation 401(k) Savings PlanChenega Corporation 401(k) Profit Sharing Plan and Trust, Total assets ($B): 0.451431857 · Participants: 7277Chenega Corporation 401(k) Profit Sharing Plan and Trust
Savings Plan for Employees of First Bank vs. nearby 401(k) plans in Alaska, assets vs. participants
Compare Savings Plan for Employees of First Bank side-by-side with 3 peers →

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

Outside Alaska, the nearest 401(k) by assets is The Millcraft Paper Company Savings & Investment Plan in OH ($23M); by covered participants it is Ameristar Home Care Services L 401(k) Profit Sharing Plan & Trust in NY (130 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (130 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 Savings Plan for Employees of First Bank assets move in 2024? ▼
Savings Plan for Employees of First Bank edged down modestly - down 2.8% during 2024, from $24M to $23M. Reported net income was -$665K.
How have First Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Bank's sponsor-wide assets grew 9.7%, from $21M to $23M.
Which 401(k) plans are similar in size to Savings Plan for Employees of First Bank? ▼
Among 401(k) plans in other states, the closest by assets is The Millcraft Paper Company Savings & Investment Plan in OH ($23M, 270 participants).
Which 401(k) plans cover a similar participant headcount to Savings Plan for Employees of First Bank? ▼
Among 401(k) plans in other states, the closest by covered participants is Ameristar Home Care Services L 401(k) Profit Sharing Plan & Trust in NY (130 participants, $21K 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 920007523.

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.