ESOP · DOL Form 5500 · 2022

Lake Bank Shares, Inc. ESOP

Data updated 2026-08-25

$16M
Total assets Small plan by assets
26
Participants Small participant base
74th
Percentile by assets National rank
$619,225
Avg per participant High balance/head
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Official DOL plan name: Lake Bank Shares, Inc. Employee Stock Ownership Plan · Sponsored by Lake Bank Shares, Inc. · Minnesota · Finance & Insurance

$16M in assets, 26 participants

Lake Bank Shares, Inc.'s Lake Bank Shares, Inc. Employee Stock Ownership Plan reported $16M in total assets and 26 participants in its 2022 DOL Form 5500 filing, ranking in the 74th 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.

  • #5,470 in Finance & Insurance (9,261 peers)

2022 asset change

Lake Bank Shares, Inc. Employee Stock Ownership Plan grew at a solid clip 12.9% in 2022 ($14M → $16M) for 26 participants.

#5,470
in Finance & Insurance (9,261 peers)
+12.9%
assets growth YoY

Lake Bank Shares, Inc. Employee Stock Ownership Plan's outsized position by total assets

Lake Bank Shares, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$16,099,840 Top 26% higher than 74% of 139,123 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 2022

Lake Bank Shares, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Lake Bank Shares, Inc. Employee Stock Ownership Plan is a small filing (26 participants) on this national headcount ladder.

Published 5500 schedule card

Filing strip 411569569 · Lake Bank Shares, Inc. PY 2022 · ESOP

Lake Bank Shares, Inc. Employee Stock Ownership Plan · $16M · 26 · 74th

  • PHOTO $16M
  • PHOTO 26
  • PHOTO 74th
  • PHOTO ESOP
  • PHOTO near Credit Control Corporation Employee Stock Ownership Plan
  • PHOTO ind #5470

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 What is an ESOP? → · Plans in Minnesota →

Lake Bank Shares, Inc. Employee Stock Ownership Plan in the asset neighbourhood

E&m Logistics Inc. Employee Stock Ownership PlanE&m Logistics Inc. Employee …$16MLake Bank Shares, Inc. Employee Stock Ownership PlanLake Bank Shares, Inc. Emplo…$16MCredit Control Corporation Employee Stock Ownership PlanCredit Control Corporation E…$16MEsl Power Systems, Inc. Employee Stock Ownership PlanEsl Power Systems, Inc. Empl…$16MKta-Tator Inc, Employee Stock Ownership PlanKta-Tator Inc, Employee Stoc…$16M
End-of-year total assets ($M) among Lake Bank Shares, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Lake Bank Shares, Inc. years around the 2022 move

Sponsor-wide plan assets over time

All Lake Bank Shares, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$17M 6.032159325806965% vs 2022
2024 filing year
$15.5M$16M$16.5M$17M$17.5M 202220232024 $16.1M $17.1M ▲ +6.0%
Year Plans Participants Total Assets
2022 1 26 $16M
2023 1 24 $17M
2024 1 24 $17M

2022 asset-move particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$16M
Net Income$2M
Employer EIN411569569
Plan Effective Date1997-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Minnesota

Peer ESOP plans, same state, same plan type, ranked by total assets.

Lake Bank Shares, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -50000500010000 -2000200400600800 Total assets ($M) Participants Lake Bank Shares, Inc. Employee Stock Ownership Plan, Total assets ($M): 16.09984 · Participants: 26Lake Bank Shares, Inc. Employee Stock Ownership PlanAndersen Corporation Employee Stock Ownership Plan, Total assets ($M): 646.711049 · Participants: 9416Andersen Corporation Employee Stock Ownership PlanHormel Foods Corporation Joint Earnings Profit Sharing Trust, Total assets ($M): 486.260676 · Participants: 4373Hormel Foods Corporation Joint Earnings Profit Sharing TrustKingdom Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 399.591486 · Participants: 801Kingdom Enterprises, Inc. Employee Stock Ownership PlanForce America Inc. Employee Stock Ownership Plan, Total assets ($M): 332.65286 · Participants: 359Force America Inc. Employee Stock Ownership PlanPolaris Inc. Employee Stock Ownership Plan, Total assets ($M): 313.049552 · Participants: 7981Polaris Inc. Employee Stock Ownership Plan
Lake Bank Shares, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Lake Bank Shares, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Lake Bank Shares, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is Credit Control Corporation Employee Stock Ownership Plan in VA ($16M); by covered participants it is Empire Telephone Corporation Employee Stock Ownership Plan in NY (26 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (26 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Lake Bank Shares, Inc. Employee Stock Ownership Plan assets move in 2022? ▼
Lake Bank Shares, Inc. Employee Stock Ownership Plan grew at a solid clip - up 12.9% during 2022, from $14M to $16M. Reported net income was $2M.
How have Lake Bank Shares, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Lake Bank Shares, Inc.'s sponsor-wide assets grew 6.0%, from $16M to $17M.
Which ESOP plans are similar in size to Lake Bank Shares, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Credit Control Corporation Employee Stock Ownership Plan in VA ($16M, 75 participants).
Which ESOP plans cover a similar participant headcount to Lake Bank Shares, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Empire Telephone Corporation Employee Stock Ownership Plan in NY (26 participants, $10M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 411569569.

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.