401(k) · DOL Form 5500 · 2022

Ames National Corporation 401(k) Plan

Data updated 2026-08-25

$52M
Total assets Below avg plan size
273
Participants Below avg headcount
88th
Percentile by assets National rank
$190,100
Avg per participant Above avg balance/head
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Official DOL plan name: Ames National Corporation 401(k) Plan · Sponsored by Ames National Corporation · Iowa · Finance & Insurance

$52M in assets, 273 participants

Ames National Corporation's Ames National Corporation 401(k) Plan reported $52M in total assets and 273 participants in its 2022 DOL Form 5500 filing, ranking in the 88th 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.

  • #7,515 in Finance & Insurance (9,261 peers)

Coverage in Iowa

Ames National Corporation 401(k) Plan covers 273 participants in Iowa, about 45% of the average Iowa filer (state average ~609 per filing). Assets: $52M.

#7,515
in Finance & Insurance (9,261 peers)
-13.7%
assets change YoY
0.5×
vs typical plan assets (national mean)

The plan reported a net loss of $8M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Ames National Corporation 401(k) Plan's outsized position by total assets

Ames National Corporation 401(k) Plan vs every filed plan by assets

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

$51,897,243 Top 12% higher than 88% 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

Ames National Corporation 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Ames National Corporation 401(k) Plan sits mid-pack in the medium band (273 participants).

DOL schedule card

Filing strip 421039071 · Ames National Corporation PY 2022 · 401(k)

Ames National Corporation 401(k) Plan · $52M · 273 · 88th

  • SCH $52M
  • SCH 273
  • SCH 88th
  • SCH 401(k)
  • SCH near Lexicon Pharmaceuticals, Inc. 401 (K) Plan
  • SCH ind #7515

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 →

Ames National Corporation 401(k) Plan in the asset neighbourhood

Lexicon Pharmaceuticals, Inc. 401 (K) PlanLexicon Pharmaceuticals, Inc…$52MTidi Products, LLC Incentive Savings PlanTidi Products, LLC Incentive…$52MSouthcoast Medical Group, LLC Profit Sharing 401(k) PlanSouthcoast Medical Group, LL…$52MAmes National Corporation 401(k) PlanAmes National Corporation 40…$52MUintah Basin Medical Center 401(k) Profit Sharing PlanUintah Basin Medical Center …$52M
End-of-year total assets ($M) among Ames National Corporation 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Iowa filing particulars

Total Assets (Beginning of Year)$60M
Net Assets (End of Year)$52M
Net Income-$8M
Employer EIN421039071
Plan Effective Date1971-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Ames National Corporation)

Sponsor-wide plan assets over time

All Ames National Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$68M 30.698844638047536% vs 2022
2024 filing year
$50M$55M$60M$65M$70M 202220232024 $51.9M $67.8M ▲ +30.7%
Year Plans Participants Total Assets
2022 1 273 $52M
2023 1 270 $58M
2024 1 268 $68M

Nearby 401(k) Plans in Iowa

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

Ames National Corporation 401(k) Plan vs. nearby 401(k) plans in Iowa, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -101234 Total assets ($B) Participants Ames National Corporation 401(k) Plan, Total assets ($B): 0.051897243 · Participants: 273Ames National Corporation 401(k) PlanThe 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
Ames National Corporation 401(k) Plan vs. nearby 401(k) plans in Iowa, assets vs. participants
Compare Ames National Corporation 401(k) Plan side-by-side with 3 peers →

Ames National Corporation 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Iowa, the nearest 401(k) by assets is Lexicon Pharmaceuticals, Inc. 401 (K) Plan in TX ($52M); by covered participants it is Medata, Inc 401(k) Savings and Retirement Plan and Trust in CA (273 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (273 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 Ames National Corporation 401(k) Plan assets move in 2022? ▼
Ames National Corporation 401(k) Plan pulled back noticeably - down 13.7% during 2022, from $60M to $52M. Reported net income was -$8M.
How have Ames National Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Ames National Corporation's sponsor-wide assets grew 30.7%, from $52M to $68M.
Where does Ames National Corporation 401(k) Plan rank by assets among Form 5500 filers? ▼
Ames National Corporation 401(k) Plan ranks in the 88th 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 Ames National Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Lexicon Pharmaceuticals, Inc. 401 (K) Plan in TX ($52M, 83 participants).
Which 401(k) plans cover a similar participant headcount to Ames National Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Medata, Inc 401(k) Savings and Retirement Plan and Trust in CA (273 participants, $10M 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 421039071.

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.