401(k) · DOL Form 5500 · 2024

First Ic Bank 401(k) Plan

Data updated 2026-08-25

$13M
Total assets Small plan by assets
105
Participants Small participant base
61st
Percentile by assets National rank
$120,541
Avg per participant Near avg balance/head
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Official DOL plan name: First Ic Bank 401(k) Plan · Sponsored by First Ic Bank · Georgia · Finance & Insurance

$13M in assets, 105 participants

First Ic Bank's First Ic Bank 401(k) Plan reported $13M in total assets and 105 participants in its 2024 DOL Form 5500 filing, ranking in the 61st 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.

  • #3,828 in Finance & Insurance (8,549 peers)

Coverage in Georgia

First Ic Bank 401(k) Plan covers 105 participants in Georgia, about 10% of the average Georgia filer (state average ~1,096 per filing). Assets: $13M.

#3,828
in Finance & Insurance (8,549 peers)
+15.8%
assets growth YoY

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

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

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

$12,656,765 Top 39% higher than 61% 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 Ic Bank 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 Ic Bank 401(k) Plan sits mid-pack in the medium band (105 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First Ic Bank 401(k) Plan reported net income fell from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • First Ic Bank 401(k) Plan end-of-year assets rose from $11M in the plan year 2023 filing to $13M in the plan year 2024 filing.
  • First Ic Bank 401(k) Plan reported participants fell from 113 in the plan year 2023 filing to 105 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 582437755 · First Ic Bank PY 2024 · 401(k)

First Ic Bank 401(k) Plan · $13M · 105 · 61st

  • 5500 $13M
  • 5500 105
  • 5500 61st
  • 5500 401(k)
  • 5500 near Hermes Abrasives, Ltd. Retirement Savings Plan
  • 5500 ind #3828

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 Georgia →

First Ic Bank 401(k) Plan in the asset neighbourhood

First Ic Bank 401(k) Plan$13MHermes Abrasives, Ltd. Retirement Savings PlanHermes Abrasives, Ltd. Retir…$13MCottonport Bank 401(k) Plan$13MSaf-Gard Safety Shoe Co., Inc. Retirement Savings PlanSaf-Gard Safety Shoe Co., In…$13MAlign Aerospace 401(k) Plan$13M
End-of-year total assets ($M) among First Ic Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Georgia filing particulars

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$13M
Net Income$2M
Employer EIN582437755
Plan Effective Date2005-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Ic Bank)

Sponsor-wide plan assets over time

All First Ic Bank plans reported in each filing year

Latest sponsor-wide plan assets
$13M 48.32778036252325% vs 2022
2024 filing year
$8M$10M$12M$14M 202220232024 $8.53M $12.7M ▲ +48.4%
Year Plans Participants Total Assets
2022 1 105 $9M
2023 1 113 $11M
2024 1 105 $13M

Nearby 401(k) Plans in Georgia

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

First Ic Bank 401(k) Plan vs. nearby 401(k) plans in Georgia, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants First Ic Bank 401(k) Plan, Total assets ($B): 0.012656765 · Participants: 105First Ic Bank 401(k) PlanThe Teamster - UPS National 401(k) Tax Deferred Savings Plan, Total assets ($B): 19.309174243 · Participants: 452126The Teamster - UPS National 401(k) Tax Deferred Savings PlanDelta 401(k) Retirement Plan, Total assets ($B): 18.985170319 · Participants: 89836Delta 401(k) Retirement PlanDelta 401(k) Retirement Plan for Pilots, Total assets ($B): 15.928334925 · Participants: 14473Delta 401(k) Retirement Plan for PilotsUPS 401(k) Savings Plan, Total assets ($B): 14.192071511 · Participants: 95250UPS 401(k) Savings PlanThe Home Depot Futurebuilder, Total assets ($B): 14.149677171 · Participants: 398464The Home Depot Futurebuilder
First Ic Bank 401(k) Plan vs. nearby 401(k) plans in Georgia, assets vs. participants
Compare First Ic Bank 401(k) Plan side-by-side with 3 peers →

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

Outside Georgia, the nearest 401(k) by assets is Hermes Abrasives, Ltd. Retirement Savings Plan in VA ($13M); by covered participants it is Medwest Associates, Inc. Profit Sharing Plan in IL (105 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($13M here).

Similar participant headcount

Nearest other-state filings by covered participants (105 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 Ic Bank 401(k) Plan assets move in 2024? ▼
First Ic Bank 401(k) Plan grew sharply - up 15.8% during 2024, from $11M to $13M. Reported net income was $2M.
How have First Ic Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Ic Bank's sponsor-wide assets grew 48.3%, from $9M to $13M.
Which 401(k) plans are similar in size to First Ic Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Hermes Abrasives, Ltd. Retirement Savings Plan in VA ($13M, 100 participants).
Which 401(k) plans cover a similar participant headcount to First Ic Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Medwest Associates, Inc. Profit Sharing Plan in IL (105 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 582437755.

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.