401(k) · DOL Form 5500 · 2024

First Freedom Bank 401(k) Plan

Data updated 2026-08-25

$7M
Total assets Small plan by assets
76
Participants Small participant base
49th
Percentile by assets National rank
$93,582
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: First Freedom Bank 401 (K) Plan · Sponsored by First Freedom Bank · Tennessee · Finance & Insurance

$7M in assets, 76 participants

First Freedom Bank's First Freedom Bank 401 (K) Plan reported $7M in total assets and 76 participants in its 2024 DOL Form 5500 filing, ranking in the 49th 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.

  • #2,850 in Finance & Insurance (8,549 peers)

What the 2024 filing shows

First Freedom Bank 401 (K) Plan holds $7M for 76 participants - about $93,582 per participant, in the lower half of filed plans by assets.

#2,850
in Finance & Insurance (8,549 peers)
+0.7%
assets growth YoY

First Freedom Bank 401 (K) Plan's mid-pack asset rank among Finance & Insurance and all filers

First Freedom Bank 401 (K) Plan vs every filed plan by assets

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

$7,112,212 49th percentile higher than 49% 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 Freedom Bank 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 Freedom Bank 401 (K) Plan is a small filing (76 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First Freedom Bank 401 (K) Plan reported net income fell from $388K in the plan year 2023 filing to $52K in the plan year 2024 filing.
  • First Freedom Bank 401 (K) Plan reported participants rose from 74 in the plan year 2023 filing to 76 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 202432282 · First Freedom Bank PY 2024 · 401(k)

First Freedom Bank 401 (K) Plan · $7M · 76 · 49th

  • SCH $7M
  • EBSA 76
  • PART 49th
  • TYPE 401(k)
  • NET near Jarvis Airfoil Savings Plan
  • BOOK ind #2850

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 Tennessee →

First Freedom Bank 401 (K) Plan in the asset neighbourhood

First Freedom Bank 401 (K) PlanFirst Freedom Bank 401 (K) P…$7MJarvis Airfoil Savings Plan$7MQuickparts 401(k) Plan$7MSwvc 401(k) Plan$7MIntervention Inc. 401(k) Plan$7M
End-of-year total assets ($M) among First Freedom Bank 401 (K) 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)$7M
Net Income$52K
Employer EIN202432282
Plan Effective Date2006-04-03
Filing StatusFILING RECEIVED

Sponsor Plan History (First Freedom Bank)

Sponsor-wide plan assets over time

All First Freedom Bank plans reported in each filing year

Latest sponsor-wide plan assets
$7M 6.6037016102644674% vs 2022
2024 filing year
$6.6M$6.8M$7M$7.2M 202220232024 $6.67M $7.11M ▲ +6.6%
Year Plans Participants Total Assets
2022 1 77 $7M
2023 1 74 $7M
2024 1 76 $7M

Nearby 401(k) Plans in Tennessee

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

First Freedom Bank 401 (K) Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -100102030 Total assets ($B) Participants First Freedom Bank 401 (K) Plan, Total assets ($B): 0.007112212 · Participants: 76First Freedom Bank 401 (K) PlanFedex Corporation Retirement Savings Plan, Total assets ($B): 25.378065969 · Participants: 113079Fedex Corporation Retirement Savings PlanHca 401(k) Plan, Total assets ($B): 23.821303026 · Participants: 307086Hca 401(k) PlanFederal Express Corporation Pilots Retirement Savings Plan, Total assets ($B): 5.306930367 · Participants: 5830Federal Express Corporation Pilots Retirement Savings PlanInternational Paper Company Salaried Savings Plan, Total assets ($B): 4.993858777 · Participants: 12564International Paper Company Salaried Savings PlanChs/Community Health Systems, Inc. Retirement Savings Plan, Total assets ($B): 4.778242011 · Participants: 59441Chs/Community Health Systems, Inc. Retirement Savings Plan
First Freedom Bank 401 (K) Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants
Compare First Freedom Bank 401 (K) Plan side-by-side with 3 peers →

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

Outside Tennessee, the nearest 401(k) by assets is Jarvis Airfoil Savings Plan in CT ($7M); by covered participants it is Maxalea, Inc. 401(k) Plan in MD (76 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($7M here).

Similar participant headcount

Nearest other-state filings by covered participants (76 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 Freedom Bank 401 (K) Plan assets move in 2024? ▼
First Freedom Bank 401 (K) Plan held essentially flat - up 0.7% during 2024, from $7M to $7M. Reported net income was $52K.
How have First Freedom Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Freedom Bank's sponsor-wide assets grew 6.6%, from $7M to $7M.
Which 401(k) plans are similar in size to First Freedom Bank 401 (K) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Jarvis Airfoil Savings Plan in CT ($7M, 70 participants).
Which 401(k) plans cover a similar participant headcount to First Freedom Bank 401 (K) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Maxalea, Inc. 401(k) Plan in MD (76 participants, N/A 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 202432282.

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.