ESOP · DOL Form 5500 · 2023

First National Bank of Bemidji ESOP

Data updated 2026-08-25

$30M
Total assets Below avg plan size
99
Participants Small participant base
79th
Percentile by assets National rank
$301,312
Avg per participant High balance/head
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Official DOL plan name: First National Bank of Bemidji Employee Stock Ownership Plan and Trust · Sponsored by First National Bank of Bemidji · Minnesota · Finance & Insurance

$30M in assets, 99 participants

First National Bank of Bemidji's First National Bank of Bemidji Employee Stock Ownership Plan and Trust reported $30M in total assets and 99 participants in its 2023 DOL Form 5500 filing, ranking in the 79th 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.

  • #6,034 in Finance & Insurance (8,869 peers)

Where First National Bank of Bemidji Employee Stock Ownership Plan and Trust sits by assets

First National Bank of Bemidji Employee Stock Ownership Plan and Trust sits in the top quartile of all filed plans by assets, $30M for 99 participants (~$301,312/participant), down 1.2% in 2023.

#6,034
in Finance & Insurance (8,869 peers)
-1.2%
assets change YoY
0.3×
vs typical plan assets (national mean)

First National Bank of Bemidji Employee Stock Ownership Plan and Trust's outsized position by total assets

First National Bank of Bemidji Employee Stock Ownership Plan and Trust vs every filed plan by assets

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

$29,829,928 Top 21% higher than 79% 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

First National Bank of Bemidji Employee Stock Ownership Plan and Trust among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First National Bank of Bemidji Employee Stock Ownership Plan and Trust is a small filing (99 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First National Bank of Bemidji Employee Stock Ownership Plan and Trust reported net income rose from -$1M in the plan year 2022 filing to $135K in the plan year 2023 filing.
  • First National Bank of Bemidji Employee Stock Ownership Plan and Trust reported participants rose from 97 in the plan year 2022 filing to 99 in the plan year 2023 filing.
  • First National Bank of Bemidji Employee Stock Ownership Plan and Trust end-of-year assets fell from $30M in the plan year 2022 filing to $30M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 410145155 · First National Bank of Bemidji PY 2023 · ESOP

First National Bank of Bemidji Employee Stock Ownership Plan and Trust · $30M · 99 · 79th

  • NET $30M
  • BOOK 99
  • VS-ST 79th
  • BOY ESOP
  • SCH near Parman Holdings Corporation Employee Stock Ownership Plan
  • EBSA ind #6034

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 →

First National Bank of Bemidji Employee Stock Ownership Plan and Trust in the asset neighbourhood

First National Bank of Bemidji Employee Stock Ownership Plan and TrustFirst National Bank of Bemid…$30MParman Holdings Corporation Employee Stock Ownership PlanParman Holdings Corporation …$30MLodor Enterprises, Inc. Employee Stock Ownership PlanLodor Enterprises, Inc. Empl…$30MPtm Management Corp. Employee Stock Ownership PlanPtm Management Corp. Employe…$30MPeerless Machine and Tool Corporation Employee Stock Ownership PlanPeerless Machine and Tool Co…$30M
End-of-year total assets ($M) among First National Bank of Bemidji Employee Stock Ownership Plan and Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$30M
Net Assets (End of Year)$20M
Net Income$135K
Employer EIN410145155
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First National Bank of Bemidji)

Sponsor-wide plan assets over time

All First National Bank of Bemidji plans reported in each filing year

Latest sponsor-wide plan assets
$28M 7.4745536789764335% vs 2022
2024 filing year
$27M$28M$29M$30M$31M 202220232024 $30.2M $27.9M ▼ -7.5%
Year Plans Participants Total Assets
2022 1 97 $30M
2023 1 99 $30M
2024 1 93 $28M

Nearby ESOP Plans in Minnesota

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

First National Bank of Bemidji Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -20002004006008001000 Total assets ($M) Participants First National Bank of Bemidji Employee Stock Ownership Plan and Trust, Total assets ($M): 29.829928 · Participants: 99First National Bank of Bemidji Employee Stock Ownership Plan and TrustAndersen 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
First National Bank of Bemidji Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare First National Bank of Bemidji Employee Stock Ownership Plan and Trust side-by-side with 3 peers →

First National Bank of Bemidji Employee Stock Ownership Plan and Trust's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is Parman Holdings Corporation Employee Stock Ownership Plan in TN ($30M); by covered participants it is Sooner Southwest Bankshares, Inc. Employee Stock Ownership Plan in OK (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 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did First National Bank of Bemidji Employee Stock Ownership Plan and Trust assets move in 2023? ▼
First National Bank of Bemidji Employee Stock Ownership Plan and Trust edged down modestly - down 1.2% during 2023, from $30M to $30M. Reported net income was $135K.
How have First National Bank of Bemidji plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First National Bank of Bemidji's sponsor-wide assets declined 7.5%, from $30M to $28M.
Where does First National Bank of Bemidji Employee Stock Ownership Plan and Trust rank by assets among Form 5500 filers? ▼
First National Bank of Bemidji Employee Stock Ownership Plan and Trust ranks in the 79th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to First National Bank of Bemidji Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by assets is Parman Holdings Corporation Employee Stock Ownership Plan in TN ($30M, 145 participants).
Which ESOP plans cover a similar participant headcount to First National Bank of Bemidji Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by covered participants is Sooner Southwest Bankshares, Inc. Employee Stock Ownership Plan in OK (99 participants, $5M 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 410145155.

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.