ESOP · DOL Form 5500 · 2023

Foresight Bank ESOP

Data updated 2026-08-25

$6M
Total assets Small plan by assets
40
Participants Small participant base
47th
Percentile by assets National rank
$145,492
Avg per participant Above avg balance/head
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Official DOL plan name: Foresight Bank Employee Stock Ownership Plan · Sponsored by Foresight Bank · Minnesota · Finance & Insurance

$6M in assets, 40 participants

Foresight Bank's Foresight Bank Employee Stock Ownership Plan reported $6M in total assets and 40 participants in its 2023 DOL Form 5500 filing, ranking in the 47th 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.

  • #2,990 in Finance & Insurance (8,869 peers)

What the 2023 filing shows

Foresight Bank Employee Stock Ownership Plan holds $6M for 40 participants - about $145,492 per participant, in the lower half of filed plans by assets.

#2,990
in Finance & Insurance (8,869 peers)
+7.5%
assets growth YoY

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

Foresight Bank Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$5,819,693 47th percentile higher than 47% of 127,068 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 2023

Foresight Bank Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Foresight Bank Employee Stock Ownership Plan is a small filing (40 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Foresight Bank Employee Stock Ownership Plan reported net income rose from -$391K in the plan year 2022 filing to $453K in the plan year 2023 filing.
  • Foresight Bank Employee Stock Ownership Plan reported participants rose from 36 in the plan year 2022 filing to 40 in the plan year 2023 filing.
  • Foresight Bank Employee Stock Ownership Plan end-of-year assets rose from $5M in the plan year 2022 filing to $6M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 461257779 · Foresight Bank PY 2023 · ESOP

Foresight Bank Employee Stock Ownership Plan · $6M · 40 · 47th

  • RANK $6M
  • RANK 40
  • RANK 47th
  • RANK ESOP
  • RANK near Mid-Atlantic Cooperative Solutions, Inc. Employee Stock Ownership Plan
  • RANK ind #2990

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 →

Foresight Bank Employee Stock Ownership Plan in the asset neighbourhood

Foresight Bank Employee Stock Ownership PlanForesight Bank Employee Stoc…$6MMid-Atlantic Cooperative Solutions, Inc. Employee Stock Ownership PlanMid-Atlantic Cooperative Sol…$6MEasling Construction Company, Inc Employee Stock Ownership PlanEasling Construction Company…$6MBowen & Associates Employee Stock Ownership PlanBowen & Associates Employee …$6MRrm Design Group, Inc. Employee Stock Ownership PlanRrm Design Group, Inc. Emplo…$6M
End-of-year total assets ($M) among Foresight Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Filing particulars (2023)

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$6M
Net Income$453K
Employer EIN461257779
Plan Effective Date2000-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Foresight Bank)

Sponsor-wide plan assets over time

All Foresight Bank plans reported in each filing year

Latest sponsor-wide plan assets
$6M 9.59723986699525% vs 2022
2024 filing year
$5.2M$5.4M$5.6M$5.8M$6M 202220232024 $5.41M $5.93M ▲ +9.6%
Year Plans Participants Total Assets
2022 1 36 $5M
2023 1 40 $6M
2024 1 38 $6M

Nearby ESOP Plans in Minnesota

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

Foresight Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -20002004006008001000 Total assets ($M) Participants Foresight Bank Employee Stock Ownership Plan, Total assets ($M): 5.819693 · Participants: 40Foresight Bank Employee Stock Ownership PlanAndersen Corporation Employee Stock Ownership Plan, Total assets ($M): 899.073238 · Participants: 11644Andersen Corporation Employee Stock Ownership PlanKingdom Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 497.538965 · Participants: 789Kingdom Enterprises, Inc. Employee Stock Ownership PlanLandscape Structures, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 432.374379 · Participants: 446Landscape Structures, Inc. Employee Stock Ownership Plan and TrustHormel Foods Corporation Joint Earnings Profit Sharing Trust, Total assets ($M): 431.874919 · Participants: 4575Hormel Foods Corporation Joint Earnings Profit Sharing TrustForce America Inc. Employee Stock Ownership Plan, Total assets ($M): 426.610266 · Participants: 412Force America Inc. Employee Stock Ownership Plan
Foresight Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Foresight Bank Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Minnesota, the nearest ESOP by assets is Mid-Atlantic Cooperative Solutions, Inc. Employee Stock Ownership Plan in PA ($6M); by covered participants it is Churchville Fire Equipment Corp. Employee Stock Ownership Plan in NY (40 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (40 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Foresight Bank Employee Stock Ownership Plan assets move in 2023? ▼
Foresight Bank Employee Stock Ownership Plan grew at a solid clip - up 7.5% during 2023, from $5M to $6M. Reported net income was $453K.
How have Foresight Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Foresight Bank's sponsor-wide assets grew 9.6%, from $5M to $6M.
Which ESOP plans are similar in size to Foresight Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Mid-Atlantic Cooperative Solutions, Inc. Employee Stock Ownership Plan in PA ($6M, 153 participants).
Which ESOP plans cover a similar participant headcount to Foresight Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Churchville Fire Equipment Corp. Employee Stock Ownership Plan in NY (40 participants, $2M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 461257779.

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.