ESOP · DOL Form 5500 · 2022

North Salem State Bank ESOP

Data updated 2026-08-25

$370K
Total assets Small plan by assets
73
Participants Small participant base
15th
Percentile by assets National rank
$5,072
Avg per participant Low balance/head
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Official DOL plan name: North Salem State Bank Employee Stock Ownership Plan · Sponsored by North Salem State Bank · Indiana · Finance & Insurance

$370K in assets, 73 participants

North Salem State Bank's North Salem State Bank Employee Stock Ownership Plan reported $370K in total assets and 73 participants in its 2022 DOL Form 5500 filing, ranking in the 15th 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.

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

North Salem State Bank multi-year trail

North Salem State Bank's plans moved +53.4% in assets from 2022 to 2024; this filing shows North Salem State Bank Employee Stock Ownership Plan at $370K / 73 participants.

#893
in Finance & Insurance (9,261 peers)
+110.3%
assets growth YoY

North Salem State Bank Employee Stock Ownership Plan among the smaller filed plans by assets

North Salem State Bank Employee Stock Ownership Plan vs every filed plan by assets

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

$370,275 15th percentile higher than 15% 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 Salem State Bank Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. North Salem State Bank Employee Stock Ownership Plan is a small filing (73 participants) on this national headcount ladder.

Published 5500 schedule card

Filing strip 350551480 · North Salem State Bank PY 2022 · ESOP

North Salem State Bank Employee Stock Ownership Plan · $370K · 73 · 15th

  • SCH $370K
  • SCH 73
  • SCH 15th
  • SCH ESOP
  • SCH near New American Embroidery, Inc. Employee Stock Ownership Plan
  • SCH ind #893

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 Indiana →

North Salem State Bank Employee Stock Ownership Plan in the asset neighbourhood

North Salem State Bank Employee Stock Ownership PlanNorth Salem State Bank Emplo…$370KNew American Embroidery, Inc. Employee Stock Ownership PlanNew American Embroidery, Inc…$370KW.T. Quinn, Inc. Employee Stock Ownership PlanW.T. Quinn, Inc. Employee St…$368KEnvironmental Health Sciences - Alaska, Inc. Employee Stock Ownership PlanEnvironmental Health Science…$373KOfi Employees Stock Ownership PlanOfi Employees Stock Ownershi…$367K
End-of-year total assets ($M) among North Salem State Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

North Salem State Bank multi-year asset trail

Sponsor-wide plan assets over time

All North Salem State Bank plans reported in each filing year

Latest sponsor-wide plan assets
$7M 53.37237498827686% vs 2022
2024 filing year
$4M$5M$6M$7M$8M 202220232024 $4.88M $7.49M ▲ +53.5%
Year Plans Participants Total Assets
2022 2 155 $5M
2023 2 164 $6M
2024 2 174 $7M

North Salem State Bank filing trail (2022)

Total Assets (Beginning of Year)$176K
Net Assets (End of Year)$370K
Net Income$194K
Employer EIN350551480
Plan Effective Date2021-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Indiana

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

North Salem State Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Indiana, assets vs. participants Scatter plot of 6 data points. -1000010002000300040005000 -0.500.511.52 Total assets ($B) Participants North Salem State Bank Employee Stock Ownership Plan, Total assets ($B): 0.000370275 · Participants: 73North Salem State Bank Employee Stock Ownership PlanJasper Holdings, Inc Employee Stock Ownership Plan and Trust, Total assets ($B): 1.524085669 · Participants: 3842Jasper Holdings, Inc Employee Stock Ownership Plan and TrustUrschel Laboratories Employee Stock Ownership Plan, Total assets ($B): 0.314961737 · Participants: 467Urschel Laboratories Employee Stock Ownership PlanNibco Inc. Employee Stock Ownership Plan, Total assets ($B): 0.309552138 · Participants: 1233Nibco Inc. Employee Stock Ownership PlanWood-Mizer Holdings, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.115298049 · Participants: 464Wood-Mizer Holdings, Inc. Employee Stock Ownership PlanSuperior Industrial Solutions, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.113705161 · Participants: 333Superior Industrial Solutions, Inc. Employee Stock Ownership Plan
North Salem State Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Indiana, assets vs. participants
Compare North Salem State Bank Employee Stock Ownership Plan side-by-side with 3 peers →

North Salem State Bank Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Indiana, the nearest ESOP by assets is New American Embroidery, Inc. Employee Stock Ownership Plan in SC ($370K); by covered participants it is Ccb Financial Corp. Employee Stock Ownership Plan and Trust in MO (73 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (73 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 Salem State Bank Employee Stock Ownership Plan assets move in 2022? ▼
North Salem State Bank Employee Stock Ownership Plan surged - up 110.3% during 2022, from $176K to $370K. Reported net income was $194K.
How have North Salem State Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), North Salem State Bank's sponsor-wide assets grew 53.4%, from $5M to $7M.
Where does North Salem State Bank Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
North Salem State Bank Employee Stock Ownership Plan ranks in the 15th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (among the smaller plans by assets on file).
Which ESOP plans are similar in size to North Salem State Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is New American Embroidery, Inc. Employee Stock Ownership Plan in SC ($370K, 33 participants).
Which ESOP plans cover a similar participant headcount to North Salem State Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Ccb Financial Corp. Employee Stock Ownership Plan and Trust in MO (73 participants, $4M 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 350551480.

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.