Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan

Reviewed by PlainRetire Editorial, Retirement Plans Editorial Team

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Richmond Mutual Bancorporation, Inc. · Indiana · Management of Enterprises

What the 2023 filing shows

Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan holds $14M for 144 participants — about $98,083 per participant, down 18.9% over the 2022 plan year.

$14M
total plan assets (2022 EOY): 144
covered participants: $98,083
avg assets per participant: -18.9%
assets change YoY

The plan reported a net loss of $3M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)

$14M

Participants

144

State

Indiana

Industry

Management of Enterprises

What the Filing Says About Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan

Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan is a Other retirement plan sponsored by Richmond Mutual Bancorporation, Inc., headquartered in Indiana. As of the 2022 Form 5500 filing, the plan reports $14M in total end-of-year assets and covers 144 participants across the Management of Enterprises industry. The sponsor's EIN on file with the U.S. Department of Labor is 364926041, and the plan has been effective since 2019-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $17M at the beginning of 2022 to $14M at year-end — a decline of 18.9%. Net assets (after liabilities) closed the year at $957K, with reported net income of $-2,811,238 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)	$17M
Total Assets (End of Year)	$14M
Net Assets (End of Year)	$957K
Net Income	$-2,811,238
Plan Type	Other
Employer EIN	364926041
Plan Effective Date	2019-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Richmond Mutual Bancorporation, Inc.)

Year	Plans	Participants	Total Assets
2022	1	144	$14M
2023	1	151	$13M
2024	1	162	$15M

Nearby Other Plans in Indiana

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

Jasper Holdings, Inc Employee Stock Ownership Plan and Trust $1.9B · 3,535
Indiana Laborers Pension Fund $1.7B · 10,800
National Basketball Association Players' Pension Plan $610M · 435
Teamsters Union No. 142 Pension Fund $603M · 1,982
Employees' Retirement Plan of Indianapolis Power & Light Company $589M · 737

Compare Richmond Mutual Bancorporation, Inc. Emp… side-by-side with 3 peers →

Related Data

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Frequently Asked Questions

How much money is in the Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan? ▼

As of the 2022 Form 5500 filing, Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan holds $14M in total assets with 144 participants. It is sponsored by Richmond Mutual Bancorporation, Inc..

What type of plan is Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan? ▼

Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan is a Other plan. It has been effective since 2019-01-01. The plan is filed with the U.S. Department of Labor under EIN 364926041.

Who sponsors the Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan? ▼

Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan is sponsored by Richmond Mutual Bancorporation, Inc., located in Indiana. The sponsor's EIN is 364926041 and the plan operates in the Management of Enterprises industry.

How did Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan perform in 2022? ▼

Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan declined by 18.9% during 2022, moving from $17M to $14M in total assets. Net income was $-2,811,238.

Where can I find official filings for Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan? ▼

Official Form 5500 filings for Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 364926041 or plan name at efast.dol.gov.

How does Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan compare to other plans? ▼

You can compare Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan against other Other plans on the plan type page, or view plans in Indiana on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.