401(k) · DOL Form 5500 · 2024

First State Bank 401(k) Plan

Data updated 2026-08-25

$3M
Total assets Small plan by assets
31
Participants Small participant base
35th
Percentile by assets National rank
$103,926
Avg per participant Below avg balance/head
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Official DOL plan name: First State Bank 401(k) Plan · Sponsored by First State Bank · New Mexico · Finance & Insurance

$3M in assets, 31 participants

First State Bank's First State Bank 401(k) Plan reported $3M in total assets and 31 participants in its 2024 DOL Form 5500 filing, ranking in the 35th 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.

  • #1,966 in Finance & Insurance (8,549 peers)

First State Bank multi-year trail

First State Bank's plans moved +12.0% in assets from 2023 to 2024; this filing shows First State Bank 401(k) Plan at $3M / 31 participants.

#1,966
in Finance & Insurance (8,549 peers)
+12.0%
assets growth YoY

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

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

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

$3,221,717 35th percentile higher than 35% 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 State 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 State Bank 401(k) Plan is a small filing (31 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First State Bank 401(k) Plan reported net income fell from $551K in the plan year 2023 filing to $346K in the plan year 2024 filing.
  • First State Bank 401(k) Plan end-of-year assets rose from $3M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • First State Bank 401(k) Plan reported participants fell from 32 in the plan year 2023 filing to 31 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 850090395 · First State Bank PY 2024 · 401(k)

First State Bank 401(k) Plan · $3M · 31 · 35th

  • PART $3M
  • TYPE 31
  • NET 35th
  • BOOK 401(k)
  • VS-ST near G Eric Nielson & Associates Profit Sharing Plan
  • BOY ind #1966

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 New Mexico →

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

First State Bank 401(k) Plan$3MG Eric Nielson & Associates Profit Sharing PlanG Eric Nielson & Associates …$3MKatalon, Inc. 401(k) Plan$3MManibus Dei, Inc. 401(k) Plan$3MRed Monkey Foods, Inc. 401(k) Profit Sharing PlanRed Monkey Foods, Inc. 401(k…$3M
End-of-year total assets ($M) among First State Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

First State Bank multi-year asset trail

Sponsor-wide plan assets over time

All First State Bank plans reported in each filing year

Latest sponsor-wide plan assets
$3M 12.02180966232993% vs 2023
2024 filing year
$2.8M$3M$3.2M$3.4M 20232024 $2.88M $3.22M ▲ +11.8%
Year Plans Participants Total Assets
2023 1 32 $3M
2024 1 31 $3M

First State Bank filing trail (2024)

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$3M
Net Income$346K
Employer EIN850090395
Plan Effective Date1983-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in New Mexico

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

First State Bank 401(k) Plan vs. nearby 401(k) plans in New Mexico, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -202468 Total assets ($B) Participants First State Bank 401(k) Plan, Total assets ($B): 0.003221717 · Participants: 31First State Bank 401(k) PlanNtess Savings and Income Plan, Total assets ($B): 7.248575896 · Participants: 15926Ntess Savings and Income PlanTriad 401(k) Retirement Plan, Total assets ($B): 2.492057254 · Participants: 11744Triad 401(k) Retirement PlanTriad 401(k) Savings Plan, Total assets ($B): 0.899933857 · Participants: 2058Triad 401(k) Savings PlanTxnm Energy, Inc. Retirement Savings Plan, Total assets ($B): 0.826572097 · Participants: 1631Txnm Energy, Inc. Retirement Savings PlanApplied Research Associates, Inc. 401(k) Profit Sharing Plan & Trust, Total assets ($B): 0.647938985 · Participants: 2218Applied Research Associates, Inc. 401(k) Profit Sharing Plan & Trust
First State Bank 401(k) Plan vs. nearby 401(k) plans in New Mexico, assets vs. participants
Compare First State Bank 401(k) Plan side-by-side with 3 peers →

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

Outside New Mexico, the nearest 401(k) by assets is G Eric Nielson & Associates Profit Sharing Plan in UT ($3M); by covered participants it is Pediatric Health Care of Northwest Houston, P.a. Safe Harbor 401(k) Plan in TX (31 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($3M here).

Similar participant headcount

Nearest other-state filings by covered participants (31 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 State Bank 401(k) Plan assets move in 2024? ▼
First State Bank 401(k) Plan grew at a solid clip - up 12.0% during 2024, from $3M to $3M. Reported net income was $346K.
How have First State Bank plan assets changed over time? ▼
Across 2 plan years on file (2023-2024), First State Bank's sponsor-wide assets grew 12.0%, from $3M to $3M.
Which 401(k) plans are similar in size to First State Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is G Eric Nielson & Associates Profit Sharing Plan in UT ($3M, 12 participants).
Which 401(k) plans cover a similar participant headcount to First State Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Pediatric Health Care of Northwest Houston, P.a. Safe Harbor 401(k) Plan in TX (31 participants, $5M 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 850090395.

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.