ESOP · DOL Form 5500 · 2022

Hmn Financial, Inc. ESOP

Data updated 2026-08-25

$11M
Total assets Small plan by assets
157
Participants Small participant base
66th
Percentile by assets National rank
$67,262
Avg per participant Below avg balance/head
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Official DOL plan name: Hmn Financial, Inc. Employee Stock Ownership Plan · Sponsored by Hmn Financial, Inc. · Minnesota · Finance & Insurance

$11M in assets, 157 participants

Hmn Financial, Inc.'s Hmn Financial, Inc. Employee Stock Ownership Plan reported $11M 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.

  • #4,589 in Finance & Insurance (9,261 peers)

Coverage in Minnesota

Hmn Financial, Inc. Employee Stock Ownership Plan covers 157 participants in Minnesota, about 14% of the average Minnesota filer (state average ~1,126 per filing). Assets: $11M.

#4,589
in Finance & Insurance (9,261 peers)
-16.4%
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.

Hmn Financial, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Hmn Financial, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$10,560,127 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

Hmn Financial, Inc. Employee Stock Ownership 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. Hmn Financial, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (157 participants).

DOL schedule card

Filing strip 411777397 · Hmn Financial, Inc. PY 2022 · ESOP

Hmn Financial, Inc. Employee Stock Ownership Plan · $11M · 157 · 66th

  • IND $11M
  • IND 157
  • IND 66th
  • IND ESOP
  • IND near A. Epstein & Sons International, Inc. Employee Stock Ownership Plan
  • IND ind #4589

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 →

Hmn Financial, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Dowling Corporation Employee Stock Ownership PlanDowling Corporation Employee…$11MHmn Financial, Inc. Employee Stock Ownership PlanHmn Financial, Inc. Employee…$11MA. Epstein & Sons International, Inc. Employee Stock Ownership PlanA. Epstein & Sons Internatio…$11MWilson Senior Care, Inc. Employee Stock Ownership PlanWilson Senior Care, Inc. Emp…$11MSimventions, Inc. Employee Stock Ownership PlanSimventions, Inc. Employee S…$11M
End-of-year total assets ($M) among Hmn Financial, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$8M
Net Income-$2M
Employer EIN411777397
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Hmn Financial, Inc.)

Sponsor-wide plan assets over time

All Hmn Financial, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$9M 12.974218965359032% vs 2022
2024 filing year
$9M$10M$11M$12M 202220232024 $10.6M $9.19M ▼ -13.0%
Year Plans Participants Total Assets
2022 1 157 $11M
2023 1 148 $11M
2024 1 151 $9M

Nearby ESOP Plans in Minnesota

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

Hmn Financial, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -50000500010000 -2000200400600800 Total assets ($M) Participants Hmn Financial, Inc. Employee Stock Ownership Plan, Total assets ($M): 10.560127 · Participants: 157Hmn Financial, Inc. Employee Stock Ownership PlanAndersen 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
Hmn Financial, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Hmn Financial, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Hmn Financial, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is A. Epstein & Sons International, Inc. Employee Stock Ownership Plan in IL ($11M); by covered participants it is California Boiler, Inc. Employee Stock Ownership Plan in CA (157 participants). Same-state nearby plans are listed separately above.

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 Hmn Financial, Inc. Employee Stock Ownership Plan assets move in 2022? ▼
Hmn Financial, Inc. Employee Stock Ownership Plan declined sharply - down 16.4% during 2022, from $13M to $11M. Reported net income was -$2M.
How have Hmn Financial, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Hmn Financial, Inc.'s sponsor-wide assets declined 13.0%, from $11M to $9M.
Which ESOP plans are similar in size to Hmn Financial, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is A. Epstein & Sons International, Inc. Employee Stock Ownership Plan in IL ($11M, 141 participants).
Which ESOP plans cover a similar participant headcount to Hmn Financial, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is California Boiler, Inc. Employee Stock Ownership Plan in CA (157 participants, $6M 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 411777397.

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.