401(k) · DOL Form 5500 · 2024

First Bank Upper Michigan 401(k) Plan

Data updated 2026-08-25

$29M
Total assets Below avg plan size
121
Participants Small participant base
77th
Percentile by assets National rank
$239,782
Avg per participant Above avg balance/head
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Official DOL plan name: First Bank Upper Michigan Def Comp P/S · Sponsored by First Bank Upper Michigan · Michigan · Finance & Insurance

$29M in assets, 121 participants

First Bank Upper Michigan's First Bank Upper Michigan Def Comp P/S reported $29M in total assets and 121 participants in its 2024 DOL Form 5500 filing, ranking in the 77th 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.

  • #5,476 in Finance & Insurance (8,549 peers)

Coverage in Michigan

First Bank Upper Michigan Def Comp P/S covers 121 participants in Michigan, about 19% of the average Michigan filer (state average ~638 per filing). Assets: $29M.

#5,476
in Finance & Insurance (8,549 peers)
+12.1%
assets growth YoY
0.3×
vs typical plan assets (national mean)

First Bank Upper Michigan Def Comp P/S's outsized position by total assets

First Bank Upper Michigan Def Comp P/S vs every filed plan by assets

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

$29,013,633 Top 23% higher than 77% 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 Bank Upper Michigan Def Comp P/S 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 Bank Upper Michigan Def Comp P/S sits mid-pack in the medium band (121 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First Bank Upper Michigan Def Comp P/S reported net income fell from $4M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • First Bank Upper Michigan Def Comp P/S end-of-year assets rose from $26M in the plan year 2023 filing to $29M in the plan year 2024 filing.
  • First Bank Upper Michigan Def Comp P/S reported participants fell from 125 in the plan year 2023 filing to 121 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 380579985 · First Bank Upper Michigan PY 2024 · 401(k)

First Bank Upper Michigan Def Comp P/S · $29M · 121 · 77th

  • EBSA $29M
  • EBSA 121
  • EBSA 77th
  • EBSA 401(k)
  • EBSA near Jafra Cosmetics International 401(k) Savings Plan
  • EBSA ind #5476

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 Bank Upper Michigan Def Comp P/S in the asset neighbourhood

Conlon Construction Company 401(k) Profit Sharing PlanConlon Construction Company …$29MFirst Bank Upper Michigan Def Comp P/SFirst Bank Upper Michigan De…$29MJafra Cosmetics International 401(k) Savings PlanJafra Cosmetics Internationa…$29MAnglogold Ashanti North America 401(k) PlanAnglogold Ashanti North Amer…$29MHavco Wood Products LLC 401(k) Profit Sharing PlanHavco Wood Products LLC 401(…$29M
End-of-year total assets ($M) among First Bank Upper Michigan Def Comp P/S and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Michigan filing particulars

Total Assets (Beginning of Year)$26M
Net Assets (End of Year)$29M
Net Income$3M
Employer EIN380579985
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Bank Upper Michigan)

Sponsor-wide plan assets over time

All First Bank Upper Michigan plans reported in each filing year

Latest sponsor-wide plan assets
$29M 31.177912893852376% vs 2022
2024 filing year
$20M$25M$30M 202220232024 $22.1M $29M ▲ +31.1%
Year Plans Participants Total Assets
2022 1 122 $22M
2023 1 125 $26M
2024 1 121 $29M

Nearby 401(k) Plans in Michigan

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

First Bank Upper Michigan Def Comp P/S vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -100102030 Total assets ($B) Participants First Bank Upper Michigan Def Comp P/S, Total assets ($B): 0.029013633 · Participants: 121First Bank Upper Michigan Def Comp P/SGeneral 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 Bank Upper Michigan Def Comp P/S vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare First Bank Upper Michigan Def Comp P/S side-by-side with 3 peers →

First Bank Upper Michigan Def Comp P/S's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Jafra Cosmetics International 401(k) Savings Plan in CA ($29M); by covered participants it is Mwg Holdings Group, Inc. 401(k) Plan in CA (121 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (121 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 Bank Upper Michigan Def Comp P/S assets move in 2024? ▼
First Bank Upper Michigan Def Comp P/S grew at a solid clip - up 12.1% during 2024, from $26M to $29M. Reported net income was $3M.
How have First Bank Upper Michigan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Bank Upper Michigan's sponsor-wide assets grew 31.2%, from $22M to $29M.
Where does First Bank Upper Michigan Def Comp P/S rank by assets among Form 5500 filers? ▼
First Bank Upper Michigan Def Comp P/S ranks in the 77th 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 Bank Upper Michigan Def Comp P/S? ▼
Among 401(k) plans in other states, the closest by assets is Jafra Cosmetics International 401(k) Savings Plan in CA ($29M, 91 participants).
Which 401(k) plans cover a similar participant headcount to First Bank Upper Michigan Def Comp P/S? ▼
Among 401(k) plans in other states, the closest by covered participants is Mwg Holdings Group, Inc. 401(k) Plan in CA (121 participants, $104K 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 380579985.

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.