ESOP · DOL Form 5500 · 2022

Premier Bank ESOP

Data updated 2026-08-11

$14M
Total assets
44
Participants
71st
Percentile by assets
$314,855
Avg per participant
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Official DOL plan name: Premier Bank 401(k) Employee Stock Ownership Plan · Sponsored by Premier Bank · Iowa · Finance & Insurance

$14M in assets, 44 participants

Premier Bank's Premier Bank 401(k) Employee Stock Ownership Plan reported $14M in total assets and 44 participants in its 2022 DOL Form 5500 filing, ranking in the 71st 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.

  • 71st percentile by assets (of 139,126 plans)
  • #5,150 in Finance & Insurance (9,261 peers)

What the 2022 filing shows

Premier Bank 401(k) Employee Stock Ownership Plan holds $14M for 44 participants - about $314,855 per participant, above the median plan by assets.

$14M
total plan assets (2022 EOY)
44
covered participants
71st
percentile by assets (of 139,126 plans)
$314,855
avg assets per participant

The plan reported a net loss of $96K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

State

ESOP filing for Premier Bank 401(k) Employee Stock Ownership Plan

ESOP filing for plan year 2022: EIN 421476537 ; effective since 2005-01-01 ; filing status FILING RECEIVED. Verify the certified figures on DOL EFAST2.

Filing particulars (2022)

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$14M
Net Income-$96K
Employer EIN421476537
Plan Effective Date2005-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Premier Bank)

$13.5M$14M$14.5M$15M$15.5M 20222023 $13.9M $15.1M â–˛ +9.0%
Total plan assets by year, all Premier Bank plans on file
Year Plans Participants Total Assets
2022 1 44 $14M
2023 1 37 $15M

Nearby ESOP Plans in Iowa

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

Premier Bank 401(k) Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants

Premier Bank 401(k) Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants Scatter plot of 6 data points. -10000100020003000 -2000200400600800 Total assets ($M) Participants Premier Bank 401(k) …Employee Owned Brand…Van Meter Industrial…Precision, Inc. Empl…Ita Group Holdings, …Annett Holdings, Inc…
Premier Bank 401(k) Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Premier Bank 401(k) Employee Stock Ownership Plan by total assets, not by location.

Frequently Asked Questions

How did Premier Bank 401(k) Employee Stock Ownership Plan assets move in 2022?
Premier Bank 401(k) Employee Stock Ownership Plan edged down modestly - down 1.2% during 2022, from $14M to $14M. Reported net income was -$96K.
How have Premier Bank plan assets changed over time?
Across 2 plan years on file (2022-2023), Premier Bank's sponsor-wide assets grew 9.0%, from $14M to $15M.
Which ESOP plans are similar in size to Premier Bank 401(k) Employee Stock Ownership Plan?
Among ESOP plans in other states, the closest by assets is Diversified Lighting Associates, Inc. Employee Stock Ownership Plan in PA ($14M, 143 participants).

Next read for Premier Bank 401(k) Employee Stock Owner…

Filing takeaways

Ways to act on Premier Bank 401(k) Employee Stock Ownership Plan's numbers.