401(k) · DOL Form 5500 · 2024

First National Bank of St. Ignace 401(k) Plan

Data updated 2026-08-25

$4M
Total assets Small plan by assets
44
Participants Small participant base
38th
Percentile by assets National rank
$90,448
Avg per participant Below avg balance/head
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Official DOL plan name: First National Bank of St. Ignace 401(k) Retirement Plan · Sponsored by First National Bank of St. Ignace · Michigan · Finance & Insurance

$4M in assets, 44 participants

First National Bank of St. Ignace's First National Bank of St. Ignace 401(k) Retirement Plan reported $4M in total assets and 44 participants in its 2024 DOL Form 5500 filing, ranking in the 38th 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.

  • #2,161 in Finance & Insurance (8,549 peers)

2024 asset change

First National Bank of St. Ignace 401(k) Retirement Plan grew sharply 25.7% in 2024 ($3M → $4M) for 44 participants.

#2,161
in Finance & Insurance (8,549 peers)
+25.7%
assets growth YoY

First National Bank of St. Ignace 401(k) Retirement Plan's mid-pack asset rank among Finance & Insurance and all filers

First National Bank of St. Ignace 401(k) Retirement Plan vs every filed plan by assets

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

$3,979,724 38th percentile higher than 38% 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 National Bank of St. Ignace 401(k) Retirement 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 National Bank of St. Ignace 401(k) Retirement Plan is a small filing (44 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First National Bank of St. Ignace 401(k) Retirement Plan reported net income rose from -$649K in the plan year 2023 filing to $813K in the plan year 2024 filing.
  • First National Bank of St. Ignace 401(k) Retirement Plan end-of-year assets rose from $3M in the plan year 2023 filing to $4M in the plan year 2024 filing.
  • First National Bank of St. Ignace 401(k) Retirement Plan reported participants fell from 58 in the plan year 2023 filing to 44 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 380996926 · First National Bank of St. Ignace PY 2024 · 401(k)

First National Bank of St. Ignace 401(k) Retirement Plan · $4M · 44 · 38th

  • NET $4M
  • NET 44
  • NET 38th
  • NET 401(k)
  • NET near Nuvaira 401(k) Plan
  • NET ind #2161

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 National Bank of St. Ignace 401(k) Retirement Plan in the asset neighbourhood

First National Bank of St. Ignace 401(k) Retirement PlanFirst National Bank of St. I…$4MNuvaira 401(k) Plan$4M4c2 Electrical Associates, LLC 401(k) Profit Sharing Plan4c2 Electrical Associates, L…$4MStamina Products, Inc. 401(k) Retirement PlanStamina Products, Inc. 401(k…$4MInterhealth Medical Staffing Solutions 401(k) PlanInterhealth Medical Staffing…$4M
End-of-year total assets ($M) among First National Bank of St. Ignace 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

First National Bank of St. Ignace years around the 2024 move

Sponsor-wide plan assets over time

All First National Bank of St. Ignace plans reported in each filing year

Latest sponsor-wide plan assets
$4M 4.289340706769136% vs 2022
2024 filing year
$3M$3.5M$4M$4.5M 202220232024 $3.82M $3.98M ▲ +4.2%
Year Plans Participants Total Assets
2022 1 56 $4M
2023 1 58 $3M
2024 1 44 $4M

2024 asset-move particulars

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$4M
Net Income$813K
Employer EIN380996926
Plan Effective Date1999-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Michigan

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

First National Bank of St. Ignace 401(k) Retirement Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -100102030 Total assets ($B) Participants First National Bank of St. Ignace 401(k) Retirement Plan, Total assets ($B): 0.003979724 · Participants: 44First National Bank of St. Ignace 401(k) Retirement PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 23.0591668 · Participants: 43053General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 17.26893589 · Participants: 31790Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.768606712 · Participants: 17128The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 9.568379082 · Participants: 42513The 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): 8.2932975 · Participants: 60497Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
First National Bank of St. Ignace 401(k) Retirement Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare First National Bank of St. Ignace 401(k) Retirement Plan side-by-side with 3 peers →

First National Bank of St. Ignace 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Nuvaira 401(k) Plan in MN ($4M); by covered participants it is Hamilton-Ryker It Solutions, LLC 401(k) Plan in TN (44 participants). Same-state nearby plans are listed separately above.

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 National Bank of St. Ignace 401(k) Retirement Plan assets move in 2024? ▼
First National Bank of St. Ignace 401(k) Retirement Plan grew sharply - up 25.7% during 2024, from $3M to $4M. Reported net income was $813K.
How have First National Bank of St. Ignace plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First National Bank of St. Ignace's sponsor-wide assets grew 4.3%, from $4M to $4M.
Which 401(k) plans are similar in size to First National Bank of St. Ignace 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Nuvaira 401(k) Plan in MN ($4M, 34 participants).
Which 401(k) plans cover a similar participant headcount to First National Bank of St. Ignace 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Hamilton-Ryker It Solutions, LLC 401(k) Plan in TN (44 participants, $1M 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 380996926.

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.