401(k) · DOL Form 5500 · 2024

First National Bank of America 401(k) Plan

Data updated 2026-08-25

$54M
Total assets Below avg plan size
435
Participants Below avg headcount
85th
Percentile by assets National rank
$124,611
Avg per participant Near avg balance/head
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Official DOL plan name: First National Bank of America Retirement Plan · Sponsored by First National Bank of America · Michigan · Management of Enterprises

$54M in assets, 435 participants

First National Bank of America's First National Bank of America Retirement Plan reported $54M in total assets and 435 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.

  • #780 in Management of Enterprises (1,133 peers)

Where First National Bank of America Retirement Plan sits by assets

First National Bank of America Retirement Plan sits in the top quartile of all filed plans by assets, $54M for 435 participants (~$124,611/participant), up 15.4% in 2024.

#780
in Management of Enterprises (1,133 peers)
+15.4%
assets growth YoY
0.5×
vs typical plan assets (national mean)

First National Bank of America Retirement Plan's outsized position by total assets

First National Bank of America Retirement Plan vs every filed plan by assets

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

$54,205,862 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 National Bank of America Retirement 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 National Bank of America Retirement Plan sits mid-pack in the medium band (435 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First National Bank of America Retirement Plan reported net income rose from $6M in the plan year 2023 filing to $7M in the plan year 2024 filing.
  • First National Bank of America Retirement Plan end-of-year assets rose from $47M in the plan year 2023 filing to $54M in the plan year 2024 filing.
  • First National Bank of America Retirement Plan reported participants fell from 483 in the plan year 2023 filing to 435 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 381470765 · First National Bank of America PY 2024 · 401(k)

First National Bank of America Retirement Plan · $54M · 435 · 85th

  • EOY $54M
  • EOY 435
  • EOY 85th
  • EOY 401(k)
  • EOY near Delta Sonic Retirement Savings Plan
  • EOY ind #780

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 Management of Enterprises retirement plans → · Plans in Michigan →

First National Bank of America Retirement Plan in the asset neighbourhood

First National Bank of America Retirement PlanFirst National Bank of Ameri…$54MHims 401(k) Plan$54MDelta Sonic Retirement Savings PlanDelta Sonic Retirement Savin…$54MCurana Health LLC 401(k) Plan$54MBeacon Pointe 401(k) Plan$54M
End-of-year total assets ($M) among First National Bank of America Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$47M
Net Assets (End of Year)$54M
Net Income$7M
Employer EIN381470765
Plan Effective Date1999-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First National Bank of America)

Sponsor-wide plan assets over time

All First National Bank of America plans reported in each filing year

Latest sponsor-wide plan assets
$54M 33.15032792828483% vs 2022
2024 filing year
$35M$40M$45M$50M$55M$60M 202220232024 $40.7M $54.2M ▲ +33.2%
Year Plans Participants Total Assets
2022 1 520 $41M
2023 1 483 $47M
2024 1 435 $54M

Nearby 401(k) Plans in Michigan

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

First National Bank of America Retirement Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -100102030 Total assets ($B) Participants First National Bank of America Retirement Plan, Total assets ($B): 0.054205862 · Participants: 435First National Bank of America Retirement PlanGeneral 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 National Bank of America Retirement Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare First National Bank of America Retirement Plan side-by-side with 3 peers →

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

Outside Michigan, the nearest 401(k) by assets is Delta Sonic Retirement Savings Plan in NY ($54M); by covered participants it is Haynes Furniture Company Retirement Savings Plan in VA (435 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($54M here).

Similar participant headcount

Nearest other-state filings by covered participants (435 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 National Bank of America Retirement Plan assets move in 2024? ▼
First National Bank of America Retirement Plan grew sharply - up 15.4% during 2024, from $47M to $54M. Reported net income was $7M.
How have First National Bank of America plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First National Bank of America's sponsor-wide assets grew 33.2%, from $41M to $54M.
Where does First National Bank of America Retirement Plan rank by assets among Form 5500 filers? ▼
First National Bank of America Retirement 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 401(k) plans are similar in size to First National Bank of America Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Delta Sonic Retirement Savings Plan in NY ($54M, 1,120 participants).
Which 401(k) plans cover a similar participant headcount to First National Bank of America Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Haynes Furniture Company Retirement Savings Plan in VA (435 participants, $15M 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 381470765.

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.