401(k) · DOL Form 5500 · 2022

Deerwood Bank 401(k) Plan

Data updated 2026-08-25

$10M
Total assets Small plan by assets
157
Participants Small participant base
66th
Percentile by assets National rank
$66,766
Avg per participant Below avg balance/head
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Official DOL plan name: Deerwood Bank 401(k) Profit Sharing Plan · Sponsored by Deerwood Bank · Minnesota · Finance & Insurance

$10M in assets, 157 participants

Deerwood Bank's Deerwood Bank 401(k) Profit Sharing Plan reported $10M in total assets and 157 participants in its 2022 DOL Form 5500 filing, ranking in the 66th 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.

  • #4,576 in Finance & Insurance (9,261 peers)

Coverage in Minnesota

Deerwood Bank 401(k) Profit Sharing Plan covers 157 participants in Minnesota, about 14% of the average Minnesota filer (state average ~1,126 per filing). Assets: $10M.

#4,576
in Finance & Insurance (9,261 peers)
-17.3%
assets change YoY

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.

Deerwood Bank 401(k) Profit Sharing Plan's mid-pack asset rank among Finance & Insurance and all filers

Deerwood Bank 401(k) Profit Sharing Plan vs every filed plan by assets

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

$10,482,323 Top 34% higher than 66% 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

Deerwood Bank 401(k) Profit Sharing 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. Deerwood Bank 401(k) Profit Sharing Plan sits mid-pack in the medium band (157 participants).

EBSA filing schedule strip

Filing strip 410216169 · Deerwood Bank PY 2022 · 401(k)

Deerwood Bank 401(k) Profit Sharing Plan · $10M · 157 · 66th

  • NET $10M
  • BOOK 157
  • VS-ST 66th
  • BOY 401(k)
  • SCH near Mntn 401(k) Profit Sharing Plan & Trust
  • EBSA ind #4576

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 Minnesota →

Deerwood Bank 401(k) Profit Sharing Plan in the asset neighbourhood

Deerwood Bank 401(k) Profit Sharing PlanDeerwood Bank 401(k) Profit …$10MMntn 401(k) Profit Sharing Plan & TrustMntn 401(k) Profit Sharing P…$10MC. William Hetzer, Inc. 401(k) Retirement PlanC. William Hetzer, Inc. 401(…$10MEmily's List 401(k) Retirement PlanEmily's List 401(k) Retireme…$10MMdsa, LLC 401 (K) Plan$10M
End-of-year total assets ($M) among Deerwood Bank 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$10M
Net Income-$2M
Employer EIN410216169
Plan Effective Date1968-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Deerwood Bank)

Sponsor-wide plan assets over time

All Deerwood Bank plans reported in each filing year

Latest sponsor-wide plan assets
$16M 49.621243306469374% vs 2022
2024 filing year
$8M$10M$12M$14M$16M$18M 202220232024 $10.5M $15.7M ▲ +49.6%
Year Plans Participants Total Assets
2022 1 157 $10M
2023 1 172 $13M
2024 1 171 $16M

Nearby 401(k) Plans in Minnesota

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

Deerwood Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Deerwood Bank 401(k) Profit Sharing Plan, Total assets ($B): 0.010482323 · Participants: 157Deerwood Bank 401(k) Profit Sharing PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 18.576379778 · Participants: 176886Unitedhealth Group 401(k) Savings PlanMedtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan), Total assets ($B): 12.198295 · Participants: 38825Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)Target Corporation 401(k) Plan, Total assets ($B): 11.216824857 · Participants: 400422Target Corporation 401(k) Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 11.138527656 · Participants: 371593M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 8.266408521 · Participants: 67646U.S. Bank 401(k) Savings Plan
Deerwood Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Deerwood Bank 401(k) Profit Sharing Plan side-by-side with 3 peers →

Deerwood Bank 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Mntn 401(k) Profit Sharing Plan & Trust in TX ($10M); by covered participants it is We Transport Inc. Salaried 401(k) Plan in NY (157 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($10M here).

Similar participant headcount

Nearest other-state filings by covered participants (157 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 Deerwood Bank 401(k) Profit Sharing Plan assets move in 2022? ▼
Deerwood Bank 401(k) Profit Sharing Plan declined sharply - down 17.3% during 2022, from $13M to $10M. Reported net income was -$2M.
How have Deerwood Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Deerwood Bank's sponsor-wide assets grew 49.6%, from $10M to $16M.
Which 401(k) plans are similar in size to Deerwood Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Mntn 401(k) Profit Sharing Plan & Trust in TX ($10M, 249 participants).
Which 401(k) plans cover a similar participant headcount to Deerwood Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is We Transport Inc. Salaried 401(k) Plan in NY (157 participants, N/A 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 410216169.

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.