401(k) · DOL Form 5500 · 2022

Freedombank Shares, Inc. 401(k) Plan

Data updated 2026-08-11

$64M
Total assets: 53
Participants: 90th
Percentile by assets: $1.2M
Avg per participant

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.

90th percentile by assets (of 139,126 plans)
#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.

$64M
total plan assets (2022 EOY): 53
covered participants: 90th
percentile by assets (of 139,126 plans): $1.2M
avg assets per participant

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

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

State

Iowa

Industry

Finance & Insurance

Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions vs the 2022 asset distribution

By assets, Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions outranks 90% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.6x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)	$64M
Net Assets (End of Year)	$58M
Net Income	$1M
Employer EIN	420945676
Plan Effective Date	1985-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Freedombank Shares, Inc.)

Total plan assets by year, all Freedombank Shares, Inc. plans on file

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

The Principal Select Savings Plan $3.6B · 12,201
Iowa Health System Section 401(k) Retirement Savings Plan $2.7B · 28,603
The Hy-Vee and Affiliates 401(k) Plan $2.4B · 59,826
The Rsm US LLP Retirement Plan $2.3B · 13,793
Transamerica 401(k) Retirement Savings Plan $2.1B · 7,262

Compare Freedombank Shares, Inc. Employee Stock … side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions by total assets, not by location.

Pepsi-Cola Bottling Company of Hickory, N.C., Inc. Profit Sharing and 401(k) (NC) $64M · 298
Advanced Orthopedics of Oklahoma, PLLC 401(k) Plan (OK) $64M · 200
Sutter North Medical Group, Inc. 401(k) Profit Sharing Plan (CA) $64M · 89
The Okonite Company 401(k) Savings Plan (NJ) $64M · 705

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).

Next read for Freedombank Shares, Inc. Employee Stock …

Scale reading

Ways to act on Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions's numbers.

By total assets, Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Iowa. Compare plans
Freedombank Shares, Inc.'s sponsor-wide assets have declined 25.0% since 2022 across 3 plan years on file. More Finance & Insurance plans

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.