401(k) · DOL Form 5500 · 2024

First Western Financial, Inc. 401(k) Plan

Data updated 2026-08-25

$34M
Total assets Below avg plan size
305
Participants Below avg headcount
79th
Percentile by assets National rank
$111,041
Avg per participant Below avg balance/head
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Official DOL plan name: First Western 401(k) Plan · Sponsored by First Western Financial, Inc. · Colorado · Finance & Insurance

$34M in assets, 305 participants

First Western Financial, Inc.'s First Western 401(k) Plan reported $34M in total assets and 305 participants in its 2024 DOL Form 5500 filing, ranking in the 79th 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.

  • #5,756 in Finance & Insurance (8,549 peers)

Where First Western 401(k) Plan sits by assets

First Western 401(k) Plan sits in the top quartile of all filed plans by assets, $34M for 305 participants (~$111,041/participant), up 4.8% in 2024.

#5,756
in Finance & Insurance (8,549 peers)
+4.8%
assets growth YoY
0.3×
vs typical plan assets (national mean)

First Western 401(k) Plan's outsized position by total assets

First Western 401(k) Plan vs every filed plan by assets

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

$33,867,444 Top 21% higher than 79% 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 Western 401(k) Plan 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. First Western 401(k) Plan sits mid-pack in the medium band (305 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First Western 401(k) Plan reported net income fell from $4M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • First Western 401(k) Plan reported participants fell from 358 in the plan year 2023 filing to 305 in the plan year 2024 filing.
  • First Western 401(k) Plan end-of-year assets rose from $32M in the plan year 2023 filing to $34M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 371442266 · First Western Financial, Inc. PY 2024 · 401(k)

First Western 401(k) Plan · $34M · 305 · 79th

  • PART $34M
  • PART 305
  • PART 79th
  • PART 401(k)
  • PART near Providers Staffing, Inc. Profit Sharing Plan
  • PART ind #5756

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 Colorado →

First Western 401(k) Plan in the asset neighbourhood

First Western 401(k) Plan$34MProviders Staffing, Inc. Profit Sharing PlanProviders Staffing, Inc. Pro…$34MJordan Timberlands, Inc. 401(k)/Profit Sharing PlanJordan Timberlands, Inc. 401…$34MDiakonia Group, LLC 401(k) Profit Sharing PlanDiakonia Group, LLC 401(k) P…$34MModern Welding Company 401(k) Savings PlanModern Welding Company 401(k…$34M
End-of-year total assets ($M) among First Western 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$32M
Net Assets (End of Year)$34M
Net Income$2M
Employer EIN371442266
Plan Effective Date2004-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Western Financial, Inc.)

Sponsor-wide plan assets over time

All First Western Financial, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$34M 19.280320857637754% vs 2022
2024 filing year
$26M$28M$30M$32M$34M$36M 202220232024 $28.4M $33.9M ▲ +19.3%
Year Plans Participants Total Assets
2022 1 344 $28M
2023 1 358 $32M
2024 1 305 $34M

Nearby 401(k) Plans in Colorado

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

First Western 401(k) Plan vs. nearby 401(k) plans in Colorado, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -1012345 Total assets ($B) Participants First Western 401(k) Plan, Total assets ($B): 0.033867444 · Participants: 305First Western 401(k) PlanDavita Retirement Savings Plan, Total assets ($B): 3.81412558 · Participants: 57900Davita Retirement Savings PlanBall Corporation 401(k) and Employee Stock Ownership Plan, Total assets ($B): 2.319532435 · Participants: 9935Ball Corporation 401(k) and Employee Stock Ownership PlanArcadis U.S., Inc. Retirement Savings Plan, Total assets ($B): 2.259964434 · Participants: 7607Arcadis U.S., Inc. Retirement Savings PlanEmpower Retirement, LLC 401(k) Savings Plan, Total assets ($B): 2.234179481 · Participants: 10185Empower Retirement, LLC 401(k) Savings PlanWoodward Retirement Savings Plan, Total assets ($B): 1.965265264 · Participants: 6210Woodward Retirement Savings Plan
First Western 401(k) Plan vs. nearby 401(k) plans in Colorado, assets vs. participants
Compare First Western 401(k) Plan side-by-side with 3 peers →

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

Outside Colorado, the nearest 401(k) by assets is Providers Staffing, Inc. Profit Sharing Plan in MI ($34M); by covered participants it is Ineight Inc. 401(k) Plan in AZ (305 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (305 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 Western 401(k) Plan assets move in 2024? ▼
First Western 401(k) Plan edged up modestly - up 4.8% during 2024, from $32M to $34M. Reported net income was $2M.
How have First Western Financial, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Western Financial, Inc.'s sponsor-wide assets grew 19.3%, from $28M to $34M.
Where does First Western 401(k) Plan rank by assets among Form 5500 filers? ▼
First Western 401(k) Plan ranks in the 79th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to First Western 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Providers Staffing, Inc. Profit Sharing Plan in MI ($34M, 194 participants).
Which 401(k) plans cover a similar participant headcount to First Western 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Ineight Inc. 401(k) Plan in AZ (305 participants, $42M 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 371442266.

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.