ESOP · DOL Form 5500 · 2022
State Bankshares, Inc. ESOP
Data updated 2026-08-11
- $81M
- Total assets
- 1,432
- Participants
- 92nd
- Percentile by assets
- $56,291
- Avg per participant
Official DOL plan name: State Bankshares Employee Stock Ownership Plan and Trust · Sponsored by State Bankshares, Inc. · North Dakota · Finance & Insurance
$81M in assets, 1,432 participants
State Bankshares, Inc.'s State Bankshares Employee Stock Ownership Plan and Trust reported $81M in total assets and 1,432 participants in its 2022 DOL Form 5500 filing, ranking in the 92nd 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.
- 92nd percentile by assets (of 139,126 plans)
- #8,001 in Finance & Insurance (9,261 peers)
Coverage in North Dakota
State Bankshares Employee Stock Ownership Plan and Trust covers 1,432 participants in North Dakota, 2.8x the typical North Dakota plan (state average ~504 per filing). Assets: $81M.
- $81M
- total plan assets (2022 EOY)
- 1,432
- covered participants
- 92nd
- percentile by assets (of 139,126 plans)
- $56,291
- avg assets per participant
Participants vs North Dakota filers
In North Dakota, the average filing covers about 504 participants across 359 plans. State Bankshares Employee Stock Ownership Plan and Trust reports 1,432 participants - 2.8x that state average ($81M EOY assets).
North Dakota filing particulars
| Total Assets (Beginning of Year) | $77M |
|---|---|
| Net Assets (End of Year) | $81M |
| Net Income | $3M |
| Employer EIN | 450412162 |
| Plan Effective Date | 2016-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (State Bankshares, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 3,204 | $305M |
| 2023 | 2 | 3,559 | $351M |
| 2024 | 2 | 3,608 | $397M |
Nearby ESOP Plans in North Dakota
Peer ESOP plans, same state, same plan type, ranked by total assets.
State Bankshares Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in North Dakota, assets vs. participants
- Border States Industries, Inc. Employee Stock Ownership Plan $1.1B · 2,781
- Scheels Employee Stock Ownership Plan $762M · 3,187
- Dakota Supply Group, Inc. Employee Stock Ownership Plan $234M · 616
- Ulteig, Inc. Employee Stock Ownership Plan $137M · 778
- Ulteig, Inc. Employee Stock Ownership Plan $137M · 778
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to State Bankshares Employee Stock Ownership Plan and Trust by total assets, not by location.
- Cummins-Wagner Co., Inc. Employee Stock Ownership Plan (MD) $80M · 233
- North State Grocery, Inc. Employee Stock Ownership Plan (CA) $80M · 582
- Carrier Process Equipment Group, Inc. Employee Stock Ownership Plan (KY) $80M · 211
- Howard Building Corporation Employee Stock Ownership Plan (CA) $80M · 181
Frequently Asked Questions
How did State Bankshares Employee Stock Ownership Plan and Trust assets move in 2022? ▼
How have State Bankshares, Inc. plan assets changed over time? ▼
Where does State Bankshares Employee Stock Ownership Plan and Trust rank by assets among Form 5500 filers? ▼
Which ESOP plans are similar in size to State Bankshares Employee Stock Ownership Plan and Trust? ▼
Next read for State Bankshares Employee Stock Ownershi…
Filing takeaways
Ways to act on State Bankshares Employee Stock Ownership Plan and Trust's numbers.
- By total assets, State Bankshares Employee Stock Ownership Plan and Trust ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in North Dakota. Compare plans
- State Bankshares, Inc.'s sponsor-wide assets have grown 30.4% since 2022 across 3 plan years on file. More Finance & Insurance plans