401(k) · DOL Form 5500 · 2024

First American Bank 401(k) Plan

Data updated 2026-08-25

$81M
Total assets Below avg plan size
202
Participants Below avg headcount
89th
Percentile by assets National rank
$403,224
Avg per participant High balance/head
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Official DOL plan name: First American Bank 401(k) Employee Stock Ownership Plan · Sponsored by First American Bank · New Mexico · Finance & Insurance

$81M in assets, 202 participants

First American Bank's First American Bank 401(k) Employee Stock Ownership Plan reported $81M in total assets and 202 participants in its 2024 DOL Form 5500 filing, ranking in the 89th 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.

  • #7,075 in Finance & Insurance (8,549 peers)

Where First American Bank 401(k) Employee Stock Ownership Plan sits by assets

First American Bank 401(k) Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $81M for 202 participants (~$403,224/participant), up 10.3% in 2024.

#7,075
in Finance & Insurance (8,549 peers)
+10.3%
assets growth YoY
0.8×
vs typical plan assets (national mean)

First American Bank 401(k) Employee Stock Ownership Plan's outsized position by total assets

First American Bank 401(k) Employee Stock Ownership Plan vs every filed plan by assets

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

$81,451,202 Top 11% higher than 89% 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 American Bank 401(k) Employee Stock Ownership 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 American Bank 401(k) Employee Stock Ownership Plan sits mid-pack in the medium band (202 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First American Bank 401(k) Employee Stock Ownership Plan reported participants fell from 270 in the plan year 2023 filing to 202 in the plan year 2024 filing.
  • First American Bank 401(k) Employee Stock Ownership Plan end-of-year assets rose from $74M in the plan year 2023 filing to $81M in the plan year 2024 filing.
  • First American Bank 401(k) Employee Stock Ownership Plan reported net income rose from $7M in the plan year 2023 filing to $8M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 850020635 · First American Bank PY 2024 · 401(k)

First American Bank 401(k) Employee Stock Ownership Plan · $81M · 202 · 89th

  • IND $81M
  • EOY 202
  • 5500 89th
  • ASSETS 401(k)
  • PCT near Esp Management, LLC 401(k) Profit Sharing Plan
  • EIN ind #7075

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 American Bank 401(k) Employee Stock Ownership Plan in the asset neighbourhood

First American Bank 401(k) Employee Stock Ownership PlanFirst American Bank 401(k) E…$81MEsp Management, LLC 401(k) Profit Sharing PlanEsp Management, LLC 401(k) P…$81MCrutchfield Corporation Profit Sharing PlanCrutchfield Corporation Prof…$81MWideorbit LLC 401(k) Plan$81MYear Up, Inc. 401(k) Plan$81M
End-of-year total assets ($M) among First American Bank 401(k) Employee Stock Ownership Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$74M
Net Assets (End of Year)$81M
Net Income$8M
Employer EIN850020635
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First American Bank)

Sponsor-wide plan assets over time

All First American Bank plans reported in each filing year

Latest sponsor-wide plan assets
$81M 21.698869027040043% vs 2022
2024 filing year
$65M$70M$75M$80M$85M 202220232024 $66.9M $81.5M ▲ +21.7%
Year Plans Participants Total Assets
2022 1 281 $67M
2023 1 270 $74M
2024 1 202 $81M

Nearby 401(k) Plans in New Mexico

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

First American Bank 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in New Mexico, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -202468 Total assets ($B) Participants First American Bank 401(k) Employee Stock Ownership Plan, Total assets ($B): 0.081451202 · Participants: 202First American Bank 401(k) Employee Stock Ownership 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 American Bank 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in New Mexico, assets vs. participants
Compare First American Bank 401(k) Employee Stock Ownership Plan side-by-side with 3 peers →

First American Bank 401(k) Employee Stock Ownership Plan's out-of-state 401(k) peers by assets and headcount

Outside New Mexico, the nearest 401(k) by assets is Esp Management, LLC 401(k) Profit Sharing Plan in TX ($81M); by covered participants it is Servall Termite Company Profit Sharing 401(k) Plan in TN (202 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($81M here).

Similar participant headcount

Nearest other-state filings by covered participants (202 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 American Bank 401(k) Employee Stock Ownership Plan assets move in 2024? ▼
First American Bank 401(k) Employee Stock Ownership Plan grew at a solid clip - up 10.3% during 2024, from $74M to $81M. Reported net income was $8M.
How have First American Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First American Bank's sponsor-wide assets grew 21.7%, from $67M to $81M.
Where does First American Bank 401(k) Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
First American Bank 401(k) Employee Stock Ownership Plan ranks in the 89th 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 American Bank 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by assets is Esp Management, LLC 401(k) Profit Sharing Plan in TX ($81M, 1,685 participants).
Which 401(k) plans cover a similar participant headcount to First American Bank 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Servall Termite Company Profit Sharing 401(k) Plan in TN (202 participants, $874K 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 850020635.

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.