401(k) · DOL Form 5500 · 2022

Ames National Corporation 401(k) Plan

Data updated 2026-08-11

$52M
Total assets
273
Participants
88th
Percentile by assets
$190,100
Avg per participant
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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.

  • 88th percentile by assets (of 139,126 plans)
  • #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.

$52M
total plan assets (2022 EOY)
273
covered participants
88th
percentile by assets (of 139,126 plans)
$190,100
avg assets per participant

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.

Where Ames National Corporation 401(k) Plan sits 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 $2,010,000,000 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

State
Iowa
Industry
Finance & Insurance

Participants vs Iowa filers

In Iowa, the average filing covers about 609 participants across 1,246 plans. Ames National Corporation 401(k) Plan reports 273 participants - about 45% of that state average ($52M EOY assets).

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)

$50M$55M$60M$65M$70M 202220232024 $51.9M $67.8M ▲ +30.7%
Total plan assets by year, all Ames National Corporation plans on file
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 ($B) Participants Ames National Corpor…, Total assets ($B): 0.051897243 · Participants: 273Ames National Corpor…The Principal Select…, Total assets ($B): 3.613396259 · Participants: 12201The Principal Select…Iowa Health System S…, Total assets ($B): 2.684422851 · Participants: 28603Iowa Health System S…The Hy-Vee and Affil…, Total assets ($B): 2.447514997 · Participants: 59826The Hy-Vee and Affil…The Rsm US LLP Retir…, Total assets ($B): 2.275604074 · Participants: 13793The Rsm US LLP Retir…Transamerica 401(k) …, Total assets ($B): 2.116061137 · Participants: 7262Transamerica 401(k) …
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 →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Ames National Corporation 401(k) Plan by total assets, not by location.

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).

Next read for Ames National Corporation 401(k) Plan

Filing takeaways

Ways to act on Ames National Corporation 401(k) Plan's numbers.

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.