401(k) · DOL Form 5500 · 2022

Bank of Springfield 401(k) Plan

Data updated 2026-08-11

$26M
Total assets
300
Participants
81st
Percentile by assets
$88,169
Avg per participant
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Official DOL plan name: Bank of Springfield 401(k) Profit Sharing Plan · Sponsored by Bank of Springfield · Illinois · Finance & Insurance

$26M in assets, 300 participants

Bank of Springfield's Bank of Springfield 401(k) Profit Sharing Plan reported $26M in total assets and 300 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.

  • 81st percentile by assets (of 139,126 plans)
  • #6,458 in Finance & Insurance (9,261 peers)

Coverage in Illinois

Bank of Springfield 401(k) Profit Sharing Plan covers 300 participants in Illinois, about 38% of the average Illinois filer (state average ~779 per filing). Assets: $26M.

$26M
total plan assets (2022 EOY)
300
covered participants
81st
percentile by assets (of 139,126 plans)
$88,169
avg assets per participant

The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Bank of Springfield 401(k) Profit Sharing Plan sits by total assets

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

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

$26,450,756 Top 19% higher than 81% of 139,123 filed plans

This plan $0 $2,010,000,000 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

State

Participants vs Illinois filers

In Illinois, the average filing covers about 779 participants across 5,745 plans. Bank of Springfield 401(k) Profit Sharing Plan reports 300 participants - about 38% of that state average ($26M EOY assets).

Illinois filing particulars

Total Assets (Beginning of Year)$30M
Net Assets (End of Year)$26M
Net Income-$4M
Employer EIN370865074
Plan Effective Date1981-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bank of Springfield)

$25M$30M$35M$40M 202220232024 $26.5M $38.2M ▲ +44.3%
Total plan assets by year, all Bank of Springfield plans on file
Year Plans Participants Total Assets
2022 1 300 $26M
2023 1 307 $33M
2024 1 299 $38M

Nearby 401(k) Plans in Illinois

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

Bank of Springfield 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Illinois, assets vs. participants

Bank of Springfield 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants Bank of Springfield …State Farm 401(k) Sa…Accenture United Sta…Abbott Laboratories …United Airlines Pilo…Walgreens Retirement…
Bank of Springfield 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Illinois, assets vs. participants

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Bank of Springfield 401(k) Profit Sharing Plan by total assets, not by location.

Frequently Asked Questions

How did Bank of Springfield 401(k) Profit Sharing Plan assets move in 2022?
Bank of Springfield 401(k) Profit Sharing Plan pulled back noticeably - down 12.9% during 2022, from $30M to $26M. Reported net income was -$4M.
How have Bank of Springfield plan assets changed over time?
Across 3 plan years on file (2022-2024), Bank of Springfield's sponsor-wide assets grew 44.3%, from $26M to $38M.
Where does Bank of Springfield 401(k) Profit Sharing Plan rank by assets among Form 5500 filers?
Bank of Springfield 401(k) Profit Sharing Plan 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 Bank of Springfield 401(k) Profit Sharing Plan?
Among 401(k) plans in other states, the closest by assets is Efpr Group LLP 401(k) Profit Sharing Plan in NY ($26M, 160 participants).

Next read for Bank of Springfield 401(k) Profit Sharin…

Filing takeaways

Ways to act on Bank of Springfield 401(k) Profit Sharing Plan's numbers.