401(k) · DOL Form 5500 · 2022

North State Bank 401(k) Plan

Data updated 2026-08-25

$27M
Total assets Below avg plan size
210
Participants Below avg headcount
81st
Percentile by assets National rank
$128,079
Avg per participant Near avg balance/head
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Official DOL plan name: North State Bank 401(k) Plan and ESOP · Sponsored by North State Bank · North Carolina · Finance & Insurance

$27M in assets, 210 participants

North State Bank's North State Bank 401(k) Plan and ESOP reported $27M in total assets and 210 participants in its 2022 DOL Form 5500 filing, ranking in the 81st 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.

  • #6,488 in Finance & Insurance (9,261 peers)

Coverage in North Carolina

North State Bank 401(k) Plan and ESOP covers 210 participants in North Carolina, about 26% of the average North Carolina filer (state average ~819 per filing). Assets: $27M.

#6,488
in Finance & Insurance (9,261 peers)
-4.1%
assets change 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.

North State Bank 401(k) Plan and ESOP's outsized position by total assets

North State Bank 401(k) Plan and ESOP vs every filed plan by assets

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

$26,896,558 Top 19% higher than 81% 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

North State Bank 401(k) Plan and ESOP 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. North State Bank 401(k) Plan and ESOP sits mid-pack in the medium band (210 participants).

EBSA filing schedule strip

Filing strip 562183599 · North State Bank PY 2022 · 401(k)

North State Bank 401(k) Plan and ESOP · $27M · 210 · 81st

  • RANK $27M
  • PHOTO 210
  • IND 81st
  • EOY 401(k)
  • 5500 near Sbera 401(k) Plan as Adopted by the Bank of Canton
  • ASSETS ind #6488

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 North Carolina →

North State Bank 401(k) Plan and ESOP in the asset neighbourhood

North State Bank 401(k) Plan and ESOPNorth State Bank 401(k) Plan…$27MSbera 401(k) Plan as Adopted by the Bank of CantonSbera 401(k) Plan as Adopted…$27MProcare Hr Retirement Savings PlanProcare Hr Retirement Saving…$27MHennion & Walsh Inc 401(k) Profit Sharing Plan & TrustHennion & Walsh Inc 401(k) P…$27MMinnesota Elevator, Inc. 401(k) Profit Sharing PlanMinnesota Elevator, Inc. 401…$27M
End-of-year total assets ($M) among North State Bank 401(k) Plan and ESOP and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

North Carolina filing particulars

Total Assets (Beginning of Year)$28M
Net Assets (End of Year)$27M
Net Income-$1M
Employer EIN562183599
Plan Effective Date2000-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (North State Bank)

Sponsor-wide plan assets over time

All North State Bank plans reported in each filing year

Latest sponsor-wide plan assets
$31M 14.838151409559543% vs 2022
2024 filing year
$26M$28M$30M$32M 202220232024 $26.9M $30.9M ▲ +14.8%
Year Plans Participants Total Assets
2022 1 210 $27M
2023 1 195 $29M
2024 1 204 $31M

Nearby 401(k) Plans in North Carolina

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

North State Bank 401(k) Plan and ESOP vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -200204060 Total assets ($B) Participants North State Bank 401(k) Plan and ESOP, Total assets ($B): 0.026896558 · Participants: 210North State Bank 401(k) Plan and ESOPThe Bank of America 401(k) Plan, Total assets ($B): 47.134026012 · Participants: 169036The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 14.565715066 · Participants: 39007Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 9.364902 · Participants: 27731Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 8.965353965 · Participants: 51871Truist Financial Corporation 401(k) Savings PlanLowes 401(k) Plan, Total assets ($B): 7.355936526 · Participants: 284864Lowes 401(k) Plan
North State Bank 401(k) Plan and ESOP vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare North State Bank 401(k) Plan and ESOP side-by-side with 3 peers →

North State Bank 401(k) Plan and ESOP's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Sbera 401(k) Plan as Adopted by the Bank of Canton in MA ($27M); by covered participants it is Nova Mud Inc. 401(k) Profit Sharing Plan in NM (210 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (210 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 North State Bank 401(k) Plan and ESOP assets move in 2022? ▼
North State Bank 401(k) Plan and ESOP edged down modestly - down 4.1% during 2022, from $28M to $27M. Reported net income was -$1M.
How have North State Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), North State Bank's sponsor-wide assets grew 14.8%, from $27M to $31M.
Where does North State Bank 401(k) Plan and ESOP rank by assets among Form 5500 filers? ▼
North State Bank 401(k) Plan and ESOP ranks in the 81st 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 North State Bank 401(k) Plan and ESOP? ▼
Among 401(k) plans in other states, the closest by assets is Sbera 401(k) Plan as Adopted by the Bank of Canton in MA ($27M, 97 participants).
Which 401(k) plans cover a similar participant headcount to North State Bank 401(k) Plan and ESOP? ▼
Among 401(k) plans in other states, the closest by covered participants is Nova Mud Inc. 401(k) Profit Sharing Plan in NM (210 participants, $7M 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 562183599.

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.