ESOP · DOL Form 5500 · 2022

First National Bank of Bemidji ESOP

Data updated 2026-08-25

$30M
Total assets Below avg plan size
97
Participants Small participant base
83rd
Percentile by assets National rank
$311,195
Avg per participant High balance/head
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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.

  • #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.

#6,699
in Finance & Insurance (9,261 peers)
+0.8%
assets growth YoY
0.3×
vs typical plan assets (national mean)

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.

First National Bank of Bemidji Employee Stock Ownership Plan and Trust's outsized position 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

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 National Bank of Bemidji Employee Stock Ownership 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 National Bank of Bemidji Employee Stock Ownership Plan and Trust is a small filing (97 participants) on this national headcount ladder.

Published 5500 schedule card

Filing strip 410145155 · First National Bank of Bemidji PY 2022 · ESOP

First National Bank of Bemidji Employee Stock Ownership Plan and Trust · $30M · 97 · 83rd

  • BOY $30M
  • SCH 97
  • EBSA 83rd
  • PART ESOP
  • TYPE near California Hydronics Corporation Employee Stock Ownership Plan
  • NET ind #6699

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 →

First National Bank of Bemidji Employee Stock Ownership Plan and Trust in the asset neighbourhood

Jd2 Incorporated Employee Stock Ownership PlanJd2 Incorporated Employee St…$30MAptura Employee Stock Ownership PlanAptura Employee Stock Owners…$30MTechflow, Inc. Employee Stock Ownership PlanTechflow, Inc. Employee Stoc…$30MFirst National Bank of Bemidji Employee Stock Ownership Plan and TrustFirst National Bank of Bemid…$30MCalifornia Hydronics Corporation Employee Stock Ownership PlanCalifornia Hydronics Corpora…$30M
End-of-year total assets ($M) among First National Bank of Bemidji Employee Stock Ownership Plan and Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$30M
Net Assets (End of Year)$20M
Net Income-$1M
Employer EIN410145155
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First National Bank of Bemidji)

Sponsor-wide plan assets over time

All First National Bank of Bemidji plans reported in each filing year

Latest sponsor-wide plan assets
$28M 7.4745536789764335% vs 2022
2024 filing year
$27M$28M$29M$30M$31M 202220232024 $30.2M $27.9M ▼ -7.5%
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 Scatter plot of 6 data points. -50000500010000 -2000200400600800 Total assets ($M) Participants First National Bank of Bemidji Employee Stock Ownership Plan and Trust, Total assets ($M): 30.185896 · Participants: 97First National Bank of Bemidji Employee Stock Ownership Plan and TrustAndersen 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
First National Bank of Bemidji Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare First National Bank of Bemidji Employee Stock Ownership Plan and Trust side-by-side with 3 peers →

First National Bank of Bemidji Employee Stock Ownership Plan and Trust's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is California Hydronics Corporation Employee Stock Ownership Plan in CA ($30M); by covered participants it is Jones-Hamilton Co. Employee Stock Ownership Plan in OH (97 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (97 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 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).
Which ESOP plans cover a similar participant headcount to First National Bank of Bemidji Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by covered participants is Jones-Hamilton Co. Employee Stock Ownership Plan in OH (97 participants, $123M 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 410145155.

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.