401(k) · DOL Form 5500 · 2022

Lake Elmo Bank 401(k) Plan

Data updated 2026-08-25

$13M
Total assets Small plan by assets
97
Participants Small participant base
70th
Percentile by assets National rank
$133,674
Avg per participant Near avg balance/head
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Official DOL plan name: Lake Elmo Bank 401(k) Plan · Sponsored by Lake Elmo Bank · Minnesota · Finance & Insurance

$13M in assets, 97 participants

Lake Elmo Bank's Lake Elmo Bank 401(k) Plan reported $13M in total assets and 97 participants in its 2022 DOL Form 5500 filing, ranking in the 70th 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.

  • #4,999 in Finance & Insurance (9,261 peers)

Lake Elmo Bank multi-year trail

Lake Elmo Bank's plans moved -57.1% in assets from 2022 to 2024; this filing shows Lake Elmo Bank 401(k) Plan at $13M / 97 participants.

#4,999
in Finance & Insurance (9,261 peers)
-14.5%
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.

Lake Elmo Bank 401(k) Plan's outsized position by total assets

Lake Elmo Bank 401(k) Plan vs every filed plan by assets

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

$12,966,390 Top 30% higher than 70% 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

Lake Elmo Bank 401(k) 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. Lake Elmo Bank 401(k) Plan is a small filing (97 participants) on this national headcount ladder.

Published 5500 schedule card

Filing strip 410557070 · Lake Elmo Bank PY 2022 · 401(k)

Lake Elmo Bank 401(k) Plan · $13M · 97 · 70th

  • PCT $13M
  • PCT 97
  • PCT 70th
  • PCT 401(k)
  • PCT near Natives of Kodiak 401(k) Plan
  • PCT ind #4999

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 Finance & Insurance retirement plans → · Plans in Minnesota →

Lake Elmo Bank 401(k) Plan in the asset neighbourhood

Lake Elmo Bank 401(k) Plan$13MNatives of Kodiak 401(k) Plan$13MNatives of Kodiak, Inc. 401(k) PlanNatives of Kodiak, Inc. 401(…$13MRoot Laboratory, Inc. 401(k) Profit Sharing PlanRoot Laboratory, Inc. 401(k)…$13MLevel Access, Inc. 401(k) PlanLevel Access, Inc. 401(k) Pl…$13M
End-of-year total assets ($M) among Lake Elmo Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Lake Elmo Bank multi-year asset trail

Sponsor-wide plan assets over time

All Lake Elmo Bank plans reported in each filing year

Latest sponsor-wide plan assets
$10M 57.12711592097991% vs 2022
2024 filing year
$5M$10M$15M$20M$25M 202220232024 $23.3M $10M ▼ -57.1%
Year Plans Participants Total Assets
2022 2 196 $23M
2023 2 179 $24M
2024 1 88 $10M

Lake Elmo Bank filing trail (2022)

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$13M
Net Income-$2M
Employer EIN410557070
Plan Effective Date1993-10-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Minnesota

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

Lake Elmo Bank 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Lake Elmo Bank 401(k) Plan, Total assets ($B): 0.01296639 · Participants: 97Lake Elmo Bank 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 18.576379778 · Participants: 176886Unitedhealth Group 401(k) Savings PlanMedtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan), Total assets ($B): 12.198295 · Participants: 38825Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)Target Corporation 401(k) Plan, Total assets ($B): 11.216824857 · Participants: 400422Target Corporation 401(k) Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 11.138527656 · Participants: 371593M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 8.266408521 · Participants: 67646U.S. Bank 401(k) Savings Plan
Lake Elmo Bank 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Lake Elmo Bank 401(k) Plan side-by-side with 3 peers →

Lake Elmo Bank 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Natives of Kodiak 401(k) Plan in AK ($13M); by covered participants it is Rhode Island Eye Institute 401(k)Profit Sharing Plan in RI (97 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($13M here).

Similar participant headcount

Nearest other-state filings by covered participants (97 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 Lake Elmo Bank 401(k) Plan assets move in 2022? ▼
Lake Elmo Bank 401(k) Plan pulled back noticeably - down 14.5% during 2022, from $15M to $13M. Reported net income was -$2M.
How have Lake Elmo Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Lake Elmo Bank's sponsor-wide assets declined 57.1%, from $23M to $10M.
Which 401(k) plans are similar in size to Lake Elmo Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Natives of Kodiak 401(k) Plan in AK ($13M, 335 participants).
Which 401(k) plans cover a similar participant headcount to Lake Elmo Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Rhode Island Eye Institute 401(k)Profit Sharing Plan in RI (97 participants, N/A 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 410557070.

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.