ESOP · DOL Form 5500 · 2022

First National Bank of Bemidji ESOP

Data updated 2026-08-11

$30M
Total assets: 97
Participants: 83rd
Percentile by assets: $311,195
Avg per participant

Official DOL plan name: First National Bank of Bemidji Employee Stock Ownership Plan and Trust · Sponsored by First National Bank of Bemidji · Minnesota · Finance & Insurance

$30M in assets, 97 participants

First National Bank of Bemidji's First National Bank of Bemidji Employee Stock Ownership Plan and Trust reported $30M in total assets and 97 participants in its 2022 DOL Form 5500 filing, ranking in the 83rd 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.

83rd percentile by assets (of 139,126 plans)
#6,699 in Finance & Insurance (9,261 peers)

Where First National Bank of Bemidji Employee Stock Ownership Plan and Trust sits by assets

First National Bank of Bemidji Employee Stock Ownership Plan and Trust sits in the top quartile of all filed plans by assets, $30M for 97 participants (~$311,195/participant), up 0.8% in 2022.

$30M
total plan assets (2022 EOY): 97
covered participants: 83rd
percentile by assets (of 139,126 plans): $311,195
avg assets per participant

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where First National Bank of Bemidji Employee Stock Ownership Plan and Trust sits by total assets

First National Bank of Bemidji Employee Stock Ownership Plan and Trust vs every filed plan by assets

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

$30,185,896 Top 17% higher than 83% 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

Minnesota

Industry

Finance & Insurance

First National Bank of Bemidji Employee Stock Ownership Plan and Trust vs the 2022 asset distribution

By assets, First National Bank of Bemidji Employee Stock Ownership Plan and Trust outranks 83% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.3x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)	$30M
Net Assets (End of Year)	$20M
Net Income	-$1M
Employer EIN	410145155
Plan Effective Date	1985-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (First National Bank of Bemidji)

Total plan assets by year, all First National Bank of Bemidji plans on file

Year	Plans	Participants	Total Assets
2022	1	97	$30M
2023	1	99	$30M
2024	1	93	$28M

Nearby ESOP Plans in Minnesota

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

First National Bank of Bemidji Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Minnesota, assets vs. participants

Andersen Corporation Employee Stock Ownership Plan $647M · 9,416
Hormel Foods Corporation Joint Earnings Profit Sharing Trust $486M · 4,373
Kingdom Enterprises, Inc. Employee Stock Ownership Plan $400M · 801
Force America Inc. Employee Stock Ownership Plan $333M · 359
Polaris Inc. Employee Stock Ownership Plan $313M · 7,981

Compare First National Bank of Bemidji Employee … side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to First National Bank of Bemidji Employee Stock Ownership Plan and Trust by total assets, not by location.

California Hydronics Corporation Employee Stock Ownership Plan (CA) $30M · 164
Techflow, Inc. Employee Stock Ownership Plan (CA) $30M · 346
Jd2 Incorporated Employee Stock Ownership Plan (CA) $30M · 43
Aptura Employee Stock Ownership Plan (IN) $30M · 251

Frequently Asked Questions

How did First National Bank of Bemidji Employee Stock Ownership Plan and Trust assets move in 2022? ▼

First National Bank of Bemidji Employee Stock Ownership Plan and Trust held essentially flat - up 0.8% during 2022, from $30M to $30M. Reported net income was -$1M.

How have First National Bank of Bemidji plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), First National Bank of Bemidji's sponsor-wide assets declined 7.5%, from $30M to $28M.

Where does First National Bank of Bemidji Employee Stock Ownership Plan and Trust rank by assets among Form 5500 filers? ▼

First National Bank of Bemidji Employee Stock Ownership Plan and Trust ranks in the 83rd 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 ESOP plans are similar in size to First National Bank of Bemidji Employee Stock Ownership Plan and Trust? ▼

Among ESOP plans in other states, the closest by assets is California Hydronics Corporation Employee Stock Ownership Plan in CA ($30M, 164 participants).

Next read for First National Bank of Bemidji Employee …

Scale reading

Ways to act on First National Bank of Bemidji Employee Stock Ownership Plan and Trust's numbers.

By total assets, First National Bank of Bemidji Employee Stock Ownership Plan and Trust ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar ESOP plans in Minnesota. Compare plans
First National Bank of Bemidji's sponsor-wide assets have declined 7.5% 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 410145155.