Defined Benefit (Pension) · DOL Form 5500 · 2024

First United Corporation Pension Plan

Data updated 2026-08-25

$56M
Total assets Below avg plan size
104
Participants Small participant base
85th
Percentile by assets National rank
$535,196
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: First United Corporation Pension Plan · Sponsored by First United Corporation · Maryland · Finance & Insurance

$56M in assets, 104 participants

First United Corporation's First United Corporation Pension Plan reported $56M in total assets and 104 participants in its 2024 DOL Form 5500 filing, ranking in the 85th 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.

  • #6,595 in Finance & Insurance (8,549 peers)

Coverage in Maryland

First United Corporation Pension Plan covers 104 participants in Maryland, about 11% of the average Maryland filer (state average ~929 per filing). Assets: $56M.

#6,595
in Finance & Insurance (8,549 peers)
+8.1%
assets growth YoY
0.6×
vs typical plan assets (national mean)

First United Corporation Pension Plan's outsized position by total assets

First United Corporation Pension Plan vs every filed plan by assets

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

$55,660,431 Top 15% higher than 85% 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 United Corporation Pension 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 United Corporation Pension Plan sits mid-pack in the medium band (104 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First United Corporation Pension Plan reported net income rose from $4M in the plan year 2023 filing to $4M in the plan year 2024 filing.
  • First United Corporation Pension Plan end-of-year assets rose from $52M in the plan year 2023 filing to $56M in the plan year 2024 filing.
  • First United Corporation Pension Plan reported participants fell from 107 in the plan year 2023 filing to 104 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 521380770 · First United Corporation PY 2024 · Defined Benefit (Pension)

First United Corporation Pension Plan · $56M · 104 · 85th

  • ASSETS $56M
  • PCT 104
  • EIN 85th
  • RANK Defined Benefit (Pension)
  • PHOTO near Sumitomo Machinery Corporation of America Pension Plan
  • IND ind #6595

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 Maryland →

First United Corporation Pension Plan in the asset neighbourhood

Lee County Electric Cooperative, Inc. Retirement PlanLee County Electric Cooperat…$56MFirst United Corporation Pension PlanFirst United Corporation Pen…$56MSumitomo Machinery Corporation of America Pension PlanSumitomo Machinery Corporati…$56MBlaze Credit Union Defined Benefit Plan and TrustBlaze Credit Union Defined B…$56MLibbey Salaried Cash Balance Pension PlanLibbey Salaried Cash Balance…$56M
End-of-year total assets ($M) among First United Corporation Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Maryland filing particulars

Total Assets (Beginning of Year)$52M
Net Assets (End of Year)$56M
Net Income$4M
Employer EIN521380770
Plan Effective Date1951-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First United Corporation)

Sponsor-wide plan assets over time

All First United Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$99M 19.30726975390489% vs 2022
2024 filing year
$80M$85M$90M$95M$100M$105M 202220232024 $82.9M $98.9M ▲ +19.3%
Year Plans Participants Total Assets
2022 2 417 $83M
2023 2 436 $90M
2024 2 441 $99M

Nearby Defined Benefit (Pension) Plans in Maryland

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

First United Corporation Pension Plan vs. nearby Defined Benefit (Pension) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -50510152025 Total assets ($B) Participants First United Corporation Pension Plan, Total assets ($B): 0.055660431 · Participants: 104First United Corporation Pension PlanNational Electrical Benefit Fund, Total assets ($B): 20.376060206 · Participants: 332362National Electrical Benefit FundLockheed Martin Corporation Salaried Employee Retirement Program, Total assets ($B): 18.271295253 · Participants: 18014Lockheed Martin Corporation Salaried Employee Retirement ProgramBakery & Confectionery Union & Industry International Pension Fund, Total assets ($B): 6.575836095 · Participants: 14954Bakery & Confectionery Union & Industry International Pension FundNational Automatic Sprinkler Industry Pension Fund, Total assets ($B): 4.765198925 · Participants: 15964National Automatic Sprinkler Industry Pension FundMajor League Baseball Players Pension Plan, Total assets ($B): 4.76226641 · Participants: 1091Major League Baseball Players Pension Plan
First United Corporation Pension Plan vs. nearby Defined Benefit (Pension) plans in Maryland, assets vs. participants
Compare First United Corporation Pension Plan side-by-side with 3 peers →

First United Corporation Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Maryland, the nearest Defined Benefit (Pension) by assets is Sumitomo Machinery Corporation of America Pension Plan in VA ($56M); by covered participants it is The Lane Construction Corporation Defined Benefit Pension Plan in NC (104 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (104 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 United Corporation Pension Plan assets move in 2024? ▼
First United Corporation Pension Plan grew at a solid clip - up 8.1% during 2024, from $52M to $56M. Reported net income was $4M.
How have First United Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First United Corporation's sponsor-wide assets grew 19.3%, from $83M to $99M.
Where does First United Corporation Pension Plan rank by assets among Form 5500 filers? ▼
First United Corporation Pension Plan ranks in the 85th 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 Defined Benefit (Pension) plans are similar in size to First United Corporation Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Sumitomo Machinery Corporation of America Pension Plan in VA ($56M, 325 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to First United Corporation Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is The Lane Construction Corporation Defined Benefit Pension Plan in NC (104 participants, $139M 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 521380770.

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.