ESOP · DOL Form 5500 · 2022

Hills Bank and Trust Company ESOP

Data updated 2026-08-25

$60M
Total assets Below avg plan size
425
Participants Below avg headcount
89th
Percentile by assets National rank
$140,842
Avg per participant Near avg balance/head
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Official DOL plan name: Hills Bank and Trust Employee Stock Ownership Plan · Sponsored by Hills Bank and Trust Company · Iowa · Finance & Insurance

$60M in assets, 425 participants

Hills Bank and Trust Company's Hills Bank and Trust Employee Stock Ownership Plan reported $60M in total assets and 425 participants in its 2022 DOL Form 5500 filing, ranking in the 89th 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.

  • #7,674 in Finance & Insurance (9,261 peers)

Where Hills Bank and Trust Employee Stock Ownership Plan sits by assets

Hills Bank and Trust Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $60M for 425 participants (~$140,842/participant), down 3.9% in 2022.

#7,674
in Finance & Insurance (9,261 peers)
-3.9%
assets change YoY
0.6×
vs typical plan assets (national mean)

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Hills Bank and Trust Employee Stock Ownership Plan's outsized position by total assets

Hills Bank and Trust Employee Stock Ownership Plan vs every filed plan by assets

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

$59,857,928 Top 11% higher than 89% 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

Hills Bank and Trust Employee Stock Ownership 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. Hills Bank and Trust Employee Stock Ownership Plan sits mid-pack in the medium band (425 participants).

Form 5500 schedule snapshot

Filing strip 420310580 · Hills Bank and Trust Company PY 2022 · ESOP

Hills Bank and Trust Employee Stock Ownership Plan · $60M · 425 · 89th

  • EBSA $60M
  • EBSA 425
  • EBSA 89th
  • EBSA ESOP
  • EBSA near The Richmond Group, Inc. Employee Stock Ownership Plan
  • EBSA ind #7674

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 Iowa →

Hills Bank and Trust Employee Stock Ownership Plan in the asset neighbourhood

Dustrol, Inc. Employees' Stock Ownership PlanDustrol, Inc. Employees' Sto…$60MWo Partners Holdings, Inc. Employee Stock Ownership PlanWo Partners Holdings, Inc. E…$60MHills Bank and Trust Employee Stock Ownership PlanHills Bank and Trust Employe…$60MThe Richmond Group, Inc. Employee Stock Ownership PlanThe Richmond Group, Inc. Emp…$60MHmc Architects Employee Stock Ownership PlanHmc Architects Employee Stoc…$60M
End-of-year total assets ($M) among Hills Bank and Trust Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$62M
Net Assets (End of Year)$60M
Net Income-$2M
Employer EIN420310580
Plan Effective Date1974-12-31
Filing StatusFILING RECEIVED

Sponsor Plan History (Hills Bank and Trust Company)

Sponsor-wide plan assets over time

All Hills Bank and Trust Company plans reported in each filing year

Latest sponsor-wide plan assets
$141M 17.404568179420625% vs 2022
2024 filing year
$110M$120M$130M$140M$150M 202220232024 $120M $141M ▲ +17.4%
Year Plans Participants Total Assets
2022 2 915 $120M
2023 2 922 $129M
2024 2 950 $141M

Nearby ESOP Plans in Iowa

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

Hills Bank and Trust Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants Scatter plot of 6 data points. 050010001500200025003000 0200400600800 Total assets ($M) Participants Hills Bank and Trust Employee Stock Ownership Plan, Total assets ($M): 59.857928 · Participants: 425Hills Bank and Trust Employee Stock Ownership PlanEmployee Owned Brands, Inc. Employee Stock Ownership Plan, Total assets ($M): 685.782673 · Participants: 781Employee Owned Brands, Inc. Employee Stock Ownership PlanVan Meter Industrial, Inc. Employee Stock Ownership Plan, Total assets ($M): 437.278096 · Participants: 774Van Meter Industrial, Inc. Employee Stock Ownership PlanPrecision, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 402.726302 · Participants: 645Precision, Inc. Employee Stock Ownership Plan and TrustIta Group Holdings, Inc. Employees' Stock Ownership Plan, Total assets ($M): 382.93662 · Participants: 643Ita Group Holdings, Inc. Employees' Stock Ownership PlanAnnett Holdings, Inc. Employee Stock Ownership Plan & Trust, Total assets ($M): 362.257753 · Participants: 2582Annett Holdings, Inc. Employee Stock Ownership Plan & Trust
Hills Bank and Trust Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants
Compare Hills Bank and Trust Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Iowa, the nearest ESOP by assets is The Richmond Group, Inc. Employee Stock Ownership Plan in MA ($60M); by covered participants it is New River Electrical Corporation Employee Stock Ownership Plan in VA (424 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (425 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 Hills Bank and Trust Employee Stock Ownership Plan assets move in 2022? ▼
Hills Bank and Trust Employee Stock Ownership Plan edged down modestly - down 3.9% during 2022, from $62M to $60M. Reported net income was -$2M.
How have Hills Bank and Trust Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Hills Bank and Trust Company's sponsor-wide assets grew 17.4%, from $120M to $141M.
Where does Hills Bank and Trust Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Hills Bank and Trust Employee Stock Ownership Plan ranks in the 89th 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 Hills Bank and Trust Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is The Richmond Group, Inc. Employee Stock Ownership Plan in MA ($60M, 95 participants).
Which ESOP plans cover a similar participant headcount to Hills Bank and Trust Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is New River Electrical Corporation Employee Stock Ownership Plan in VA (424 participants, $288M 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 420310580.

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.