ESOP · DOL Form 5500 · 2022

Lake Elmo Bank ESOP

Data updated 2026-08-25

$10M
Total assets Small plan by assets
99
Participants Small participant base
66th
Percentile by assets National rank
$104,793
Avg per participant Below avg balance/head
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Official DOL plan name: Lake Elmo Bank Employee Stock Ownership Plan · Sponsored by Lake Elmo Bank · Minnesota · Finance & Insurance

$10M in assets, 99 participants

Lake Elmo Bank's Lake Elmo Bank Employee Stock Ownership Plan reported $10M in total assets and 99 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.

  • #4,555 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 Employee Stock Ownership Plan at $10M / 99 participants.

#4,555
in Finance & Insurance (9,261 peers)
+7.3%
assets growth YoY

Lake Elmo Bank Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Lake Elmo Bank Employee Stock Ownership Plan vs every filed plan by assets

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

$10,374,510 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

Lake Elmo Bank Employee Stock Ownership 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 Employee Stock Ownership Plan is a small filing (99 participants) on this national headcount ladder.

DOL schedule card

Filing strip 410557070 · Lake Elmo Bank PY 2022 · ESOP

Lake Elmo Bank Employee Stock Ownership Plan · $10M · 99 · 66th

  • IND $10M
  • EOY 99
  • 5500 66th
  • ASSETS ESOP
  • PCT near Tri-North Builders, Inc. Employee Stock Ownership Plan
  • EIN ind #4555

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 →

Lake Elmo Bank Employee Stock Ownership Plan in the asset neighbourhood

Tri-North Builders, Inc. Employee Stock Ownership PlanTri-North Builders, Inc. Emp…$10MInland Fresh Seafood Corporation of America, Inc. Employee Stock Ownership PlanInland Fresh Seafood Corpora…$10MWexco Incorporated Employee Stock Ownership PlanWexco Incorporated Employee …$10MPodmore Manufacturing, Inc. Employee Stock Ownership PlanPodmore Manufacturing, Inc. …$10MLake Elmo Bank Employee Stock Ownership PlanLake Elmo Bank Employee Stoc…$10M
End-of-year total assets ($M) among Lake Elmo Bank Employee Stock Ownership Plan and nearest nationwide ESOP 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)$10M
Net Assets (End of Year)$10M
Net Income$706K
Employer EIN410557070
Plan Effective Date1998-10-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Minnesota

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

Lake Elmo Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -50000500010000 -2000200400600800 Total assets ($M) Participants Lake Elmo Bank Employee Stock Ownership Plan, Total assets ($M): 10.37451 · Participants: 99Lake Elmo Bank 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
Lake Elmo Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Lake Elmo Bank Employee Stock Ownership Plan side-by-side with 3 peers →

Lake Elmo Bank Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is Tri-North Builders, Inc. Employee Stock Ownership Plan in WI ($10M); by covered participants it is The Motz Corporation Employee Stock Ownership Plan in OH (99 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (99 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 Employee Stock Ownership Plan assets move in 2022? ▼
Lake Elmo Bank Employee Stock Ownership Plan grew at a solid clip - up 7.3% during 2022, from $10M to $10M. Reported net income was $706K.
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 ESOP plans are similar in size to Lake Elmo Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Tri-North Builders, Inc. Employee Stock Ownership Plan in WI ($10M, 55 participants).
Which ESOP plans cover a similar participant headcount to Lake Elmo Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is The Motz Corporation Employee Stock Ownership Plan in OH (99 participants, $10M 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.