401(k) · DOL Form 5500 · 2023

Fdic as Receiver for First Republic Bank 401(k) Plan

Data updated 2026-08-11

$514M
Total assets
7,065
Participants
97th
Percentile by assets
$72,706
Avg per participant
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Official DOL plan name: First Republic Bank 401(k) Plan · Sponsored by Fdic as Receiver for First Republic Bank · Texas · Finance & Insurance

$514M in assets, 7,065 participants

Fdic as Receiver for First Republic Bank's First Republic Bank 401(k) Plan reported $514M in total assets and 7,065 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

  • 97th percentile by assets (of 127,072 plans)
  • #8,474 in Finance & Insurance (8,869 peers)

Coverage in Texas

First Republic Bank 401(k) Plan covers 7,065 participants in Texas, 10x the typical Texas plan (state average ~688 per filing). Assets: $514M.

$514M
total plan assets (2023 EOY)
7,065
covered participants
97th
percentile by assets (of 127,072 plans)
$72,706
avg assets per participant

The plan reported a net loss of $559M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First Republic Bank 401(k) Plan reported net income fell from -$63M in the plan year 2022 filing to -$559M in the plan year 2023 filing.
  • First Republic Bank 401(k) Plan end-of-year assets fell from $1.1B in the plan year 2022 filing to $514M in the plan year 2023 filing.
  • First Republic Bank 401(k) Plan reported participants rose from 6,024 in the plan year 2022 filing to 7,065 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Participants vs Texas filers

In Texas, the average filing covers about 688 participants across 10,116 plans. First Republic Bank 401(k) Plan reports 7,065 participants - 10x that state average ($514M EOY assets).

Texas filing particulars

Total Assets (Beginning of Year)$1.1B
Net Assets (End of Year)$512M
Net Income-$559M
Employer EIN800513856
Plan Effective Date1985-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Fdic as Receiver for First Republic Bank)

$-0.5B$0B$0.5B$1B$1.5B 202220232024 $1.07B $0B ▼ -100.0%
Total plan assets by year, all Fdic as Receiver for First Republic Bank plans on file
Year Plans Participants Total Assets
2022 1 6,024 $1.1B
2023 1 7,065 $514M
2024 1 1 N/A

Nearby 401(k) Plans in Texas

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

First Republic Bank 401(k) Plan vs. nearby 401(k) plans in Texas, assets vs. participants

First Republic Bank 401(k) Plan vs. nearby 401(k) plans in Texas, assets vs. participants Scatter plot of 6 data points. 050000100000150000 -1001020304050 Total assets ($B) Participants First Republic Bank …AT&T Retirement Savi…Exxonmobil Savings P…Caterpillar 401(k) S…American Airlines, I…Dell Inc. 401(k) Plan
First Republic Bank 401(k) Plan vs. nearby 401(k) plans in Texas, assets vs. participants

Scale composition for First Republic Bank 401(k) Plan

First Republic Bank 401(k) Plan reports $514M in end-of-year assets across 7,065 participants (0.004% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $72,706 per participant (53% of the national average assets-per-participant) . Net income for plan year 2023 was -$559M.

This plan identity (EIN 800513856, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 while covered participants moved from 6,024 to 1 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 6,024 $1.1B Open filing
2023 7,065 $514M This page
2024 1 N/A Open filing

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to First Republic Bank 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did First Republic Bank 401(k) Plan assets move in 2023?
First Republic Bank 401(k) Plan contracted severely - down 52.0% during 2023, from $1.1B to $514M. Reported net income was -$559M.
Where does First Republic Bank 401(k) Plan rank by assets among Form 5500 filers?
First Republic Bank 401(k) Plan ranks in the 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to First Republic Bank 401(k) Plan?
Among 401(k) plans in other states, the closest by assets is Power Profit Sharing 401(k) Plan in ID ($514M, 3,146 participants).

Next read for First Republic Bank 401(k) Plan

Filing takeaways

Ways to act on First Republic Bank 401(k) Plan's numbers.