ESOP · DOL Form 5500 · 2022
Lake Elmo Bank ESOP
Data updated 2026-08-11
- $10M
- Total assets
- 99
- Participants
- 66th
- Percentile by assets
- $104,793
- Avg per participant
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.
- 66th percentile by assets (of 139,126 plans)
- #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.
- $10M
- total plan assets (2022 EOY)
- 99
- covered participants
- 66th
- percentile by assets (of 139,126 plans)
- $104,793
- avg assets per participant
Lake Elmo Bank across 3 plan years on file
Across the 3 plan years Lake Elmo Bank has on file (2022-2024), sponsor-wide plan assets have moved from $23M to $10M, a decline of 57.1%, while reported participants moved from 196 to 88 (-55.1%). Peak year by sponsor assets: 2023 ($24M); trough: 2024 ($10M).
Lake Elmo Bank multi-year asset trail
| 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 EIN | 410557070 |
| Plan Effective Date | 1998-10-01 |
| Filing Status | FILING 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
- Andersen Corporation Employee Stock Ownership Plan $647M · 9,416
- Hormel Foods Corporation Joint Earnings Profit Sharing Trust $486M · 4,373
- Kingdom Enterprises, Inc. Employee Stock Ownership Plan $400M · 801
- Force America Inc. Employee Stock Ownership Plan $333M · 359
- Polaris Inc. Employee Stock Ownership Plan $313M · 7,981
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Lake Elmo Bank Employee Stock Ownership Plan by total assets, not by location.
- Tri-North Builders, Inc. Employee Stock Ownership Plan (WI) $10M · 55
- Inland Fresh Seafood Corporation of America, Inc. Employee Stock Ownership Plan (GA) $10M · 441
- Wexco Incorporated Employee Stock Ownership Plan (OR) $10M · 1
- Podmore Manufacturing, Inc. Employee Stock Ownership Plan (NH) $10M · 36
Frequently Asked Questions
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Multi-year trail
Ways to act on Lake Elmo Bank Employee Stock Ownership Plan's numbers.
- By total assets, Lake Elmo Bank Employee Stock Ownership Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Minnesota. Compare plans
- Lake Elmo Bank's sponsor-wide assets have declined 57.1% since 2022 across 3 plan years on file. More Finance & Insurance plans