401(k) · DOL Form 5500 · 2024

First National Bancorp, Inc. 401(k) Plan

Data updated 2026-08-25

$10M
Total assets Small plan by assets
100
Participants Small participant base
55th
Percentile by assets National rank
$95,819
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: First National Bank of Michigan 401(k) Plan · Sponsored by First National Bancorp, Inc. · Michigan · Finance & Insurance

$10M in assets, 100 participants

First National Bancorp, Inc.'s First National Bank of Michigan 401(k) Plan reported $10M in total assets and 100 participants in its 2024 DOL Form 5500 filing, ranking in the 55th 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.

  • #3,311 in Finance & Insurance (8,549 peers)

Coverage in Michigan

First National Bank of Michigan 401(k) Plan covers 100 participants in Michigan, about 16% of the average Michigan filer (state average ~638 per filing). Assets: $10M.

#3,311
in Finance & Insurance (8,549 peers)
+6.1%
assets growth YoY

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

First National Bank of Michigan 401(k) Plan vs every filed plan by assets

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

$9,581,939 Top 45% higher than 55% 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 Michigan 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 National Bank of Michigan 401(k) Plan is a small filing (100 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First National Bank of Michigan 401(k) Plan reported net income fell from $2M in the plan year 2023 filing to $551K in the plan year 2024 filing.
  • First National Bank of Michigan 401(k) Plan end-of-year assets rose from $9M in the plan year 2023 filing to $10M in the plan year 2024 filing.
  • First National Bank of Michigan 401(k) Plan reported participants rose from 98 in the plan year 2023 filing to 100 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 204047328 · First National Bancorp, Inc. PY 2024 · 401(k)

First National Bank of Michigan 401(k) Plan · $10M · 100 · 55th

  • IND $10M
  • IND 100
  • IND 55th
  • IND 401(k)
  • IND near 403(b) Thrift Plan for Employees of Episcopal Homes of Minnesota
  • IND ind #3311

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 National Bank of Michigan 401(k) Plan in the asset neighbourhood

First National Bank of Michigan 401(k) PlanFirst National Bank of Michi…$10M403(b) Thrift Plan for Employees of Episcopal Homes of Minnesota403(b) Thrift Plan for Emplo…$10MDevita & Associates, Inc. Savings and Investment PlanDevita & Associates, Inc. Sa…$10MPoint Ready Mix, Il LLC Union 401(k) PlanPoint Ready Mix, Il LLC Unio…$10MHollydell, Inc. Retirement PlanHollydell, Inc. Retirement P…$10M
End-of-year total assets ($M) among First National Bank of Michigan 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Michigan filing particulars

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$10M
Net Income$551K
Employer EIN204047328
Plan Effective Date2006-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First National Bancorp, Inc.)

Sponsor-wide plan assets over time

All First National Bancorp, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$10M 36.443798026009354% vs 2022
2024 filing year
$6M$7M$8M$9M$10M 202220232024 $7.02M $9.58M ▲ +36.5%
Year Plans Participants Total Assets
2022 1 92 $7M
2023 1 98 $9M
2024 1 100 $10M

Nearby 401(k) Plans in Michigan

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

First National Bank of Michigan 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -100102030 Total assets ($B) Participants First National Bank of Michigan 401(k) Plan, Total assets ($B): 0.009581939 · Participants: 100First National Bank of Michigan 401(k) 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 Michigan 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare First National Bank of Michigan 401(k) Plan side-by-side with 3 peers →

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

Outside Michigan, the nearest 401(k) by assets is 403(b) Thrift Plan for Employees of Episcopal Homes of Minnesota in MN ($10M); by covered participants it is Controltek 401(k) Profit Sharing Plan in WA (100 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (100 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 Michigan 401(k) Plan assets move in 2024? ▼
First National Bank of Michigan 401(k) Plan grew at a solid clip - up 6.1% during 2024, from $9M to $10M. Reported net income was $551K.
How have First National Bancorp, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First National Bancorp, Inc.'s sponsor-wide assets grew 36.4%, from $7M to $10M.
Which 401(k) plans are similar in size to First National Bank of Michigan 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is 403(b) Thrift Plan for Employees of Episcopal Homes of Minnesota in MN ($10M, 861 participants).
Which 401(k) plans cover a similar participant headcount to First National Bank of Michigan 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Controltek 401(k) Profit Sharing Plan in WA (100 participants, N/A 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 204047328.

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.