401(k) · DOL Form 5500 · 2024

First Resource Bank 401(k) Plan

Data updated 2026-08-25

$10M
Total assets Small plan by assets
56
Participants Small participant base
56th
Percentile by assets National rank
$183,463
Avg per participant Above avg balance/head
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Official DOL plan name: First Resource Bank 401(k) Profit Sharing Plan · Sponsored by First Resource Bank · Minnesota · Finance & Insurance

$10M in assets, 56 participants

First Resource Bank's First Resource Bank 401(k) Profit Sharing Plan reported $10M in total assets and 56 participants in its 2024 DOL Form 5500 filing, ranking in the 56th 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.

  • #3,431 in Finance & Insurance (8,549 peers)

First Resource Bank multi-year trail

First Resource Bank's plans moved +31.5% in assets from 2022 to 2024; this filing shows First Resource Bank 401(k) Profit Sharing Plan at $10M / 56 participants.

#3,431
in Finance & Insurance (8,549 peers)
+7.8%
assets growth YoY

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

First Resource Bank 401(k) Profit Sharing Plan vs every filed plan by assets

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

$10,273,902 Top 44% higher than 56% 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 Resource Bank 401(k) Profit Sharing 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 Resource Bank 401(k) Profit Sharing Plan is a small filing (56 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First Resource Bank 401(k) Profit Sharing Plan reported net income fell from $2M in the plan year 2023 filing to $745K in the plan year 2024 filing.
  • First Resource Bank 401(k) Profit Sharing Plan reported participants fell from 64 in the plan year 2023 filing to 56 in the plan year 2024 filing.
  • First Resource Bank 401(k) Profit Sharing Plan end-of-year assets rose from $10M in the plan year 2023 filing to $10M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 390585074 · First Resource Bank PY 2024 · 401(k)

First Resource Bank 401(k) Profit Sharing Plan · $10M · 56 · 56th

  • EBSA $10M
  • PART 56
  • TYPE 56th
  • NET 401(k)
  • BOOK near Cam Integrated Solutions, LLC 401(k) Plan
  • VS-ST ind #3431

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 Minnesota →

First Resource Bank 401(k) Profit Sharing Plan in the asset neighbourhood

Quality Water & Air Inc. 401(k) Retirement PlanQuality Water & Air Inc. 401…$10MArcxis 401(k) Plan$10MFirst Resource Bank 401(k) Profit Sharing PlanFirst Resource Bank 401(k) P…$10MCam Integrated Solutions, LLC 401(k) PlanCam Integrated Solutions, LL…$10MH&t Nevada, LLC 401(k) Plan$10M
End-of-year total assets ($M) among First Resource Bank 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

First Resource Bank multi-year asset trail

Sponsor-wide plan assets over time

All First Resource Bank plans reported in each filing year

Latest sponsor-wide plan assets
$10M 31.510221260313614% vs 2022
2024 filing year
$7M$8M$9M$10M$11M 202220232024 $7.81M $10.3M ▲ +31.5%
Year Plans Participants Total Assets
2022 1 41 $8M
2023 1 64 $10M
2024 1 56 $10M

First Resource Bank filing trail (2024)

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$10M
Net Income$745K
Employer EIN390585074
Plan Effective Date1992-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Minnesota

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

First Resource Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -20020406080 Total assets ($B) Participants First Resource Bank 401(k) Profit Sharing Plan, Total assets ($B): 0.010273902 · Participants: 56First Resource Bank 401(k) Profit Sharing PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 57.886997456 · Participants: 179076Wells Fargo & Company 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 26.618762181 · Participants: 205460Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 14.419645154 · Participants: 409649Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 13.719378 · Participants: 38480Medtronic Savings and Investment PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 11.442089862 · Participants: 73109U.S. Bank 401(k) Savings Plan
First Resource Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare First Resource Bank 401(k) Profit Sharing Plan side-by-side with 3 peers →

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

Outside Minnesota, the nearest 401(k) by assets is Cam Integrated Solutions, LLC 401(k) Plan in TX ($10M); by covered participants it is Pilot Corporation of America Employees' 401(k) Plan in FL (56 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($10M here).

Similar participant headcount

Nearest other-state filings by covered participants (56 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 Resource Bank 401(k) Profit Sharing Plan assets move in 2024? ▼
First Resource Bank 401(k) Profit Sharing Plan grew at a solid clip - up 7.8% during 2024, from $10M to $10M. Reported net income was $745K.
How have First Resource Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Resource Bank's sponsor-wide assets grew 31.5%, from $8M to $10M.
Which 401(k) plans are similar in size to First Resource Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Cam Integrated Solutions, LLC 401(k) Plan in TX ($10M, 268 participants).
Which 401(k) plans cover a similar participant headcount to First Resource Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Pilot Corporation of America Employees' 401(k) Plan in FL (56 participants, $10M 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 390585074.

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.