ESOP · DOL Form 5500 · 2022
State Bankshares, Inc. ESOP
Data updated 2026-08-25
- $81M
- Total assets Below avg plan size
- 1,432
- Participants Near avg headcount
- 92nd
- Percentile by assets National rank
- $56,291
- Avg per participant Low balance/head
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.
- #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.
- #8,001
- in Finance & Insurance (9,261 peers)
- +4.5%
- assets growth YoY
- 0.8×
- vs typical plan assets (national mean)
State Bankshares Employee Stock Ownership Plan and Trust's outsized position by total assets
State Bankshares Employee Stock Ownership Plan and Trust vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$80,609,309 Top 8% higher than 92% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
State Bankshares Employee Stock Ownership Plan and Trust's large-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. State Bankshares Employee Stock Ownership Plan and Trust lands in the large band (1,432 participants).
Plan-year Form 5500 strip
Filing strip 450412162 · State Bankshares, Inc. PY 2022 · ESOP
State Bankshares Employee Stock Ownership Plan and Trust · $81M · 1,432 · 92nd
- IND $81M
- IND 1,432
- IND 92nd
- IND ESOP
- IND near Cummins-Wagner Co., Inc. Employee Stock Ownership Plan
- IND ind #8001
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 North Dakota →
State Bankshares Employee Stock Ownership Plan and Trust in the asset neighbourhood
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.)
Sponsor-wide plan assets over time
All State Bankshares, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $397M 30.38507359433517% vs 2022
- 2024 filing year
| 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.
- 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
State Bankshares Employee Stock Ownership Plan and Trust's out-of-state ESOP peers by assets and headcount
Outside North Dakota, the nearest ESOP by assets is Cummins-Wagner Co., Inc. Employee Stock Ownership Plan in MD ($80M); by covered participants it is Imeg Corp. Employee Stock Ownership Plan in IL (1,428 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($81M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (1,432 participants); asset peers above are excluded.
- Imeg Corp. Employee Stock Ownership Plan (IL) 1,428 · 4 off
- Hypertherm Associate Stock Ownership Plan (NH) 1,412 · 20 off
- Tuff Shed, Inc. Employee Stock Ownership Plan (CO) 1,411 · 21 off
- Adams and Associates, Inc. Employee Stock Ownership Plan (NV) 1,468 · 36 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.