401(k) · DOL Form 5500 · 2022

Freedombank Shares, Inc. 401(k) Plan

Data updated 2026-08-25

$64M
Total assets Below avg plan size
53
Participants Small participant base
90th
Percentile by assets National rank
$1.2M
Avg per participant High balance/head
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Official DOL plan name: Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions · Sponsored by Freedombank Shares, Inc. · Iowa · Finance & Insurance

$64M in assets, 53 participants

Freedombank Shares, Inc.'s Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions reported $64M in total assets and 53 participants in its 2022 DOL Form 5500 filing, ranking in the 90th 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.

  • #7,756 in Finance & Insurance (9,261 peers)

Where Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions sits by assets

Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions sits in the top 10% of all filed plans by assets, $64M for 53 participants (~$1.2M/participant), down 0.7% in 2022.

#7,756
in Finance & Insurance (9,261 peers)
-0.7%
assets change YoY
0.6×
vs typical plan assets (national mean)

Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions's outsized position by total assets

Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions vs every filed plan by assets

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

$64,037,728 Top 10% higher than 90% 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

Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions is a small filing (53 participants) on this national headcount ladder.

EBSA filing schedule strip

Filing strip 420945676 · Freedombank Shares, Inc. PY 2022 · 401(k)

Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions · $64M · 53 · 90th

  • ASSETS $64M
  • ASSETS 53
  • ASSETS 90th
  • ASSETS 401(k)
  • ASSETS near Pepsi-Cola Bottling Company of Hickory, N.C., Inc. Profit Sharing and 401(k)
  • ASSETS ind #7756

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 Iowa →

Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions in the asset neighbourhood

Sutter North Medical Group, Inc. 401(k) Profit Sharing PlanSutter North Medical Group, …$64MFreedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) ProvisionsFreedombank Shares, Inc. Emp…$64MPepsi-Cola Bottling Company of Hickory, N.C., Inc. Profit Sharing and 401(k)Pepsi-Cola Bottling Company …$64MAdvanced Orthopedics of Oklahoma, PLLC 401(k) PlanAdvanced Orthopedics of Okla…$64MThe Okonite Company 401(k) Savings PlanThe Okonite Company 401(k) S…$64M
End-of-year total assets ($M) among Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$64M
Net Assets (End of Year)$58M
Net Income$1M
Employer EIN420945676
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Freedombank Shares, Inc.)

Sponsor-wide plan assets over time

All Freedombank Shares, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$48M 24.99933945189311% vs 2022
2024 filing year
$45M$50M$55M$60M$65M$70M 202220232024 $64M $48M ▼ -25.0%
Year Plans Participants Total Assets
2022 1 53 $64M
2023 1 65 $58M
2024 1 58 $48M

Nearby 401(k) Plans in Iowa

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

Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions vs. nearby 401(k) plans in Iowa, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -101234 Total assets ($B) Participants Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions, Total assets ($B): 0.064037728 · Participants: 53Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) ProvisionsThe Principal Select Savings Plan, Total assets ($B): 3.613396259 · Participants: 12201The Principal Select Savings PlanIowa Health System Section 401(k) Retirement Savings Plan, Total assets ($B): 2.684422851 · Participants: 28603Iowa Health System Section 401(k) Retirement Savings PlanThe Hy-Vee and Affiliates 401(k) Plan, Total assets ($B): 2.447514997 · Participants: 59826The Hy-Vee and Affiliates 401(k) PlanThe Rsm US LLP Retirement Plan, Total assets ($B): 2.275604074 · Participants: 13793The Rsm US LLP Retirement PlanTransamerica 401(k) Retirement Savings Plan, Total assets ($B): 2.116061137 · Participants: 7262Transamerica 401(k) Retirement Savings Plan
Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions vs. nearby 401(k) plans in Iowa, assets vs. participants
Compare Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions side-by-side with 3 peers →

Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions's out-of-state 401(k) peers by assets and headcount

Outside Iowa, the nearest 401(k) by assets is Pepsi-Cola Bottling Company of Hickory, N.C., Inc. Profit Sharing and 401(k) in NC ($64M); by covered participants it is The Little Brown Box Pizza, LLC 401(k) Plan in CA (53 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (53 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 Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions assets move in 2022? ▼
Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions held essentially flat - down 0.7% during 2022, from $64M to $64M. Reported net income was $1M.
How have Freedombank Shares, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Freedombank Shares, Inc.'s sponsor-wide assets declined 25.0%, from $64M to $48M.
Where does Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions rank by assets among Form 5500 filers? ▼
Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions ranks in the 90th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions? ▼
Among 401(k) plans in other states, the closest by assets is Pepsi-Cola Bottling Company of Hickory, N.C., Inc. Profit Sharing and 401(k) in NC ($64M, 298 participants).
Which 401(k) plans cover a similar participant headcount to Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions? ▼
Among 401(k) plans in other states, the closest by covered participants is The Little Brown Box Pizza, LLC 401(k) Plan in CA (53 participants, N/A 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 420945676.

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.