401(k) · DOL Form 5500 · 2022

North Salem State Bank 401(k) Plan

Data updated 2026-08-25

$5M
Total assets Small plan by assets
82
Participants Small participant base
48th
Percentile by assets National rank
$55,039
Avg per participant Low balance/head
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Official DOL plan name: North Salem State Bank 401(k) Plan · Sponsored by North Salem State Bank · Indiana · Finance & Insurance

$5M in assets, 82 participants

North Salem State Bank's North Salem State Bank 401(k) Plan reported $5M in total assets and 82 participants in its 2022 DOL Form 5500 filing, ranking in the 48th 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.

  • #3,120 in Finance & Insurance (9,261 peers)

North Salem State Bank multi-year trail

North Salem State Bank's plans moved +53.4% in assets from 2022 to 2024; this filing shows North Salem State Bank 401(k) Plan at $5M / 82 participants.

#3,120
in Finance & Insurance (9,261 peers)
-16.3%
assets change YoY

The plan reported a net loss of $877K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

North Salem State Bank 401(k) Plan's mid-pack asset rank among Finance & Insurance and all filers

North Salem State Bank 401(k) Plan vs every filed plan by assets

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

$4,513,227 48th percentile higher than 48% 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

North Salem State 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. North Salem State Bank 401(k) Plan is a small filing (82 participants) on this national headcount ladder.

EBSA filing schedule strip

Filing strip 350551480 · North Salem State Bank PY 2022 · 401(k)

North Salem State Bank 401(k) Plan · $5M · 82 · 48th

  • BOY $5M
  • SCH 82
  • EBSA 48th
  • PART 401(k)
  • TYPE near Boston Applied Technologies 401(k) Plan
  • NET ind #3120

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 Indiana →

North Salem State Bank 401(k) Plan in the asset neighbourhood

North Salem State Bank 401(k) PlanNorth Salem State Bank 401(k…$5MBoston Applied Technologies 401(k) PlanBoston Applied Technologies …$5MLucifer Lighting Company 401(k) Safe Harbor Retirement PlanLucifer Lighting Company 401…$5MSierra Club 401(k) Plan for Pwu Chapter EmployeesSierra Club 401(k) Plan for …$5MSouth Everson Lumber Company Inc. 401(k) Savings PlanSouth Everson Lumber Company…$5M
End-of-year total assets ($M) among North Salem State Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

North Salem State Bank multi-year asset trail

Sponsor-wide plan assets over time

All North Salem State Bank plans reported in each filing year

Latest sponsor-wide plan assets
$7M 53.37237498827686% vs 2022
2024 filing year
$4M$5M$6M$7M$8M 202220232024 $4.88M $7.49M ▲ +53.5%
Year Plans Participants Total Assets
2022 2 155 $5M
2023 2 164 $6M
2024 2 174 $7M

North Salem State Bank filing trail (2022)

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$5M
Net Income-$877K
Employer EIN350551480
Plan Effective Date1985-11-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Indiana

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

North Salem State Bank 401(k) Plan vs. nearby 401(k) plans in Indiana, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -50510 Total assets ($B) Participants North Salem State Bank 401(k) Plan, Total assets ($B): 0.004513227 · Participants: 82North Salem State Bank 401(k) PlanElevance Health 401(k) Plan, Total assets ($B): 9.467911456 · Participants: 71898Elevance Health 401(k) PlanThe Lilly Employee 401(k) Plan, Total assets ($B): 8.875255354 · Participants: 15607The Lilly Employee 401(k) PlanCummins Retirement and Savings Plan, Total assets ($B): 4.386787904 · Participants: 23710Cummins Retirement and Savings PlanIu Health 401(k) Savings Plan, Total assets ($B): 3.245347601 · Participants: 39243Iu Health 401(k) Savings PlanSteel Dynamics, Inc. Profit Sharing and Retirement Savings Plan, Total assets ($B): 2.020286876 · Participants: 8632Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan
North Salem State Bank 401(k) Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare North Salem State Bank 401(k) Plan side-by-side with 3 peers →

North Salem State Bank 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Indiana, the nearest 401(k) by assets is Boston Applied Technologies 401(k) Plan in MA ($5M); by covered participants it is Electrical Production Services, Inc. 401(k) Plan in MN (82 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (82 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 North Salem State Bank 401(k) Plan assets move in 2022? ▼
North Salem State Bank 401(k) Plan declined sharply - down 16.3% during 2022, from $5M to $5M. Reported net income was -$877K.
How have North Salem State Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), North Salem State Bank's sponsor-wide assets grew 53.4%, from $5M to $7M.
Which 401(k) plans are similar in size to North Salem State Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Boston Applied Technologies 401(k) Plan in MA ($5M, 20 participants).
Which 401(k) plans cover a similar participant headcount to North Salem State Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Electrical Production Services, Inc. 401(k) Plan in MN (82 participants, $5M 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 350551480.

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.