ESOP · DOL Form 5500 · 2022

The Bank of Elk River ESOP

Data updated 2026-08-25

$6M
Total assets Small plan by assets
90
Participants Small participant base
53rd
Percentile by assets National rank
$62,896
Avg per participant Low balance/head
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Official DOL plan name: The Bank of Elk River Employee Stock Ownership Plan and Trust · Sponsored by The Bank of Elk River · Minnesota · Finance & Insurance

$6M in assets, 90 participants

The Bank of Elk River's The Bank of Elk River Employee Stock Ownership Plan and Trust reported $6M in total assets and 90 participants in its 2022 DOL Form 5500 filing, ranking in the 53rd 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.

  • #3,443 in Finance & Insurance (9,261 peers)

What the 2022 filing shows

The Bank of Elk River Employee Stock Ownership Plan and Trust holds $6M for 90 participants - about $62,896 per participant, above the median plan by assets.

#3,443
in Finance & Insurance (9,261 peers)
-7.8%
assets change YoY

The plan reported a net loss of $478K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

The Bank of Elk River Employee Stock Ownership Plan and Trust's mid-pack asset rank among Finance & Insurance and all filers

The Bank of Elk River Employee Stock Ownership Plan and Trust vs every filed plan by assets

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

$5,660,663 Top 47% higher than 53% 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

The Bank of Elk River Employee Stock Ownership Plan and Trust among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Bank of Elk River Employee Stock Ownership Plan and Trust is a small filing (90 participants) on this national headcount ladder.

Form 5500 schedule snapshot

Filing strip 410138420 · The Bank of Elk River PY 2022 · ESOP

The Bank of Elk River Employee Stock Ownership Plan and Trust · $6M · 90 · 53rd

  • PART $6M
  • TYPE 90
  • NET 53rd
  • BOOK ESOP
  • VS-ST near Marshall Financial Group, Inc. Employee Stock Ownership Plan
  • BOY ind #3443

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 Minnesota →

The Bank of Elk River Employee Stock Ownership Plan and Trust in the asset neighbourhood

Small Mine Development Employee Stock Ownership PlanSmall Mine Development Emplo…$6MSanibel Captiva Holdings, Inc. Employee Stock Ownership PlanSanibel Captiva Holdings, In…$6MThe Bank of Elk River Employee Stock Ownership Plan and TrustThe Bank of Elk River Employ…$6MMarshall Financial Group, Inc. Employee Stock Ownership PlanMarshall Financial Group, In…$6MUnited Bancorp,Inc. of Martins Ferry Ohio ESOP PlanUnited Bancorp,Inc. of Marti…$6M
End-of-year total assets ($M) among The Bank of Elk River Employee Stock Ownership Plan and Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Filing particulars (2022)

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$6M
Net Income-$478K
Employer EIN410138420
Plan Effective Date1996-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Bank of Elk River)

Sponsor-wide plan assets over time

All The Bank of Elk River plans reported in each filing year

Latest sponsor-wide plan assets
$6M 6.87166856603193% vs 2022
2024 filing year
$5.5M$6M$6.5M 202220232024 $5.66M $6.05M ▲ +6.9%
Year Plans Participants Total Assets
2022 1 90 $6M
2023 1 81 $6M
2024 1 87 $6M

Nearby ESOP Plans in Minnesota

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

The Bank of Elk River Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -50000500010000 -2000200400600800 Total assets ($M) Participants The Bank of Elk River Employee Stock Ownership Plan and Trust, Total assets ($M): 5.660663 · Participants: 90The Bank of Elk River Employee Stock Ownership Plan and TrustAndersen Corporation Employee Stock Ownership Plan, Total assets ($M): 646.711049 · Participants: 9416Andersen Corporation Employee Stock Ownership PlanHormel Foods Corporation Joint Earnings Profit Sharing Trust, Total assets ($M): 486.260676 · Participants: 4373Hormel Foods Corporation Joint Earnings Profit Sharing TrustKingdom Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 399.591486 · Participants: 801Kingdom Enterprises, Inc. Employee Stock Ownership PlanForce America Inc. Employee Stock Ownership Plan, Total assets ($M): 332.65286 · Participants: 359Force America Inc. Employee Stock Ownership PlanPolaris Inc. Employee Stock Ownership Plan, Total assets ($M): 313.049552 · Participants: 7981Polaris Inc. Employee Stock Ownership Plan
The Bank of Elk River Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare The Bank of Elk River Employee Stock Ownership Plan and Trust side-by-side with 3 peers →

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

Outside Minnesota, the nearest ESOP by assets is Marshall Financial Group, Inc. Employee Stock Ownership Plan in PA ($6M); by covered participants it is Bna Bank Employee Stock Ownership Plan in MS (90 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (90 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 The Bank of Elk River Employee Stock Ownership Plan and Trust assets move in 2022? ▼
The Bank of Elk River Employee Stock Ownership Plan and Trust pulled back noticeably - down 7.8% during 2022, from $6M to $6M. Reported net income was -$478K.
How have The Bank of Elk River plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Bank of Elk River's sponsor-wide assets grew 6.9%, from $6M to $6M.
Which ESOP plans are similar in size to The Bank of Elk River Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by assets is Marshall Financial Group, Inc. Employee Stock Ownership Plan in PA ($6M, 19 participants).
Which ESOP plans cover a similar participant headcount to The Bank of Elk River Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by covered participants is Bna Bank Employee Stock Ownership Plan in MS (90 participants, $9M 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 410138420.

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.