401(k) · DOL Form 5500 · 2022

First State Bank Southwest 401(k) Plan

Data updated 2026-08-25

$19M
Total assets Small plan by assets
45
Participants Small participant base
77th
Percentile by assets National rank
$423,001
Avg per participant High balance/head
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Official DOL plan name: First State Bank Southwest Ksop Plan and Trust · Sponsored by First State Bank Southwest · Minnesota · Finance & Insurance

$19M in assets, 45 participants

First State Bank Southwest's First State Bank Southwest Ksop Plan and Trust reported $19M in total assets and 45 participants in its 2022 DOL Form 5500 filing, ranking in the 77th 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.

  • #5,828 in Finance & Insurance (9,261 peers)

Where First State Bank Southwest Ksop Plan and Trust sits by assets

First State Bank Southwest Ksop Plan and Trust sits in the top quartile of all filed plans by assets, $19M for 45 participants (~$423,001/participant), down 14.6% in 2022.

#5,828
in Finance & Insurance (9,261 peers)
-14.6%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

First State Bank Southwest Ksop Plan and Trust's outsized position by total assets

First State Bank Southwest Ksop Plan and Trust vs every filed plan by assets

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

$19,035,029 Top 23% higher than 77% 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

First State Bank Southwest Ksop Plan and Trust among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First State Bank Southwest Ksop Plan and Trust is a small filing (45 participants) on this national headcount ladder.

Published 5500 schedule card

Filing strip 410514195 · First State Bank Southwest PY 2022 · 401(k)

First State Bank Southwest Ksop Plan and Trust · $19M · 45 · 77th

  • EBSA $19M
  • PART 45
  • TYPE 77th
  • NET 401(k)
  • BOOK near Nashville Predators Hockey Club 401(k) Profit Sharing Plan
  • VS-ST ind #5828

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 Minnesota →

First State Bank Southwest Ksop Plan and Trust in the asset neighbourhood

First State Bank Southwest Ksop Plan and TrustFirst State Bank Southwest K…$19MNashville Predators Hockey Club 401(k) Profit Sharing PlanNashville Predators Hockey C…$19MNwt 401(k) Profit Sharing PlanNwt 401(k) Profit Sharing Pl…$19MAmax Profit Sharing 401(k) PlanAmax Profit Sharing 401(k) P…$19MLangrock, Sperry & Wool Profit Sharing PlanLangrock, Sperry & Wool Prof…$19M
End-of-year total assets ($M) among First State Bank Southwest Ksop Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$22M
Net Assets (End of Year)$19M
Net Income-$3M
Employer EIN410514195
Plan Effective Date1986-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First State Bank Southwest)

Sponsor-wide plan assets over time

All First State Bank Southwest plans reported in each filing year

Latest sponsor-wide plan assets
$23M 22.460843111928014% vs 2022
2024 filing year
$18M$20M$22M$24M 202220232024 $19M $23.3M ▲ +22.4%
Year Plans Participants Total Assets
2022 1 45 $19M
2023 1 40 $21M
2024 1 42 $23M

Nearby 401(k) Plans in Minnesota

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

First State Bank Southwest Ksop Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants First State Bank Southwest Ksop Plan and Trust, Total assets ($B): 0.019035029 · Participants: 45First State Bank Southwest Ksop Plan and TrustUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 18.576379778 · Participants: 176886Unitedhealth Group 401(k) Savings PlanMedtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan), Total assets ($B): 12.198295 · Participants: 38825Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)Target Corporation 401(k) Plan, Total assets ($B): 11.216824857 · Participants: 400422Target Corporation 401(k) Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 11.138527656 · Participants: 371593M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 8.266408521 · Participants: 67646U.S. Bank 401(k) Savings Plan
First State Bank Southwest Ksop Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare First State Bank Southwest Ksop Plan and Trust side-by-side with 3 peers →

First State Bank Southwest Ksop Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Nashville Predators Hockey Club 401(k) Profit Sharing Plan in TN ($19M); by covered participants it is Divcon Ems 401(k) Profit Sharing Plan in TX (45 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (45 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 First State Bank Southwest Ksop Plan and Trust assets move in 2022? ▼
First State Bank Southwest Ksop Plan and Trust pulled back noticeably - down 14.6% during 2022, from $22M to $19M. Reported net income was -$3M.
How have First State Bank Southwest plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First State Bank Southwest's sponsor-wide assets grew 22.5%, from $19M to $23M.
Where does First State Bank Southwest Ksop Plan and Trust rank by assets among Form 5500 filers? ▼
First State Bank Southwest Ksop Plan and Trust ranks in the 77th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to First State Bank Southwest Ksop Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is Nashville Predators Hockey Club 401(k) Profit Sharing Plan in TN ($19M, 220 participants).
Which 401(k) plans cover a similar participant headcount to First State Bank Southwest Ksop Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Divcon Ems 401(k) Profit Sharing Plan in TX (45 participants, $1M 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 410514195.

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.