401(k) · DOL Form 5500 · 2023

Freedombank Shares, Inc. 401(k) Plan

Data updated 2026-08-25

$58M
Total assets Below avg plan size
65
Participants Small participant base
87th
Percentile by assets National rank
$891,634
Avg per participant High balance/head
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Official DOL plan name: Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions · Sponsored by Freedombank Shares, Inc. · Iowa · Finance & Insurance

$58M in assets, 65 participants

Freedombank Shares, Inc.'s Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions reported $58M in total assets and 65 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • #7,095 in Finance & Insurance (8,869 peers)

Where Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions sits by assets

Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions sits in the top quartile of all filed plans by assets, $58M for 65 participants (~$891,634/participant), down 9.5% in 2023.

#7,095
in Finance & Insurance (8,869 peers)
-9.5%
assets change YoY
0.6×
vs typical plan assets (national mean)

The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions's outsized position by total assets

Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions vs every filed plan by assets

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

$57,956,192 Top 13% higher than 87% 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

Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions is a small filing (65 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions reported net income fell from $1M in the plan year 2022 filing to -$5M in the plan year 2023 filing.
  • Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions reported participants rose from 53 in the plan year 2022 filing to 65 in the plan year 2023 filing.
  • Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions end-of-year assets fell from $64M in the plan year 2022 filing to $58M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 420945676 · Freedombank Shares, Inc. PY 2023 · 401(k)

Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions · $58M · 65 · 87th

  • SCH $58M
  • EBSA 65
  • PART 87th
  • TYPE 401(k)
  • NET near The Delta Pathology Group, L.L.C. 401(k) Plan
  • BOOK ind #7095

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 Iowa →

Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions in the asset neighbourhood

Remington Seeds, LLC. 401(k) PlanRemington Seeds, LLC. 401(k)…$58MFreedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) ProvisionsFreedombank Shares, Inc. Emp…$58MThe Delta Pathology Group, L.L.C. 401(k) PlanThe Delta Pathology Group, L…$58MRaleigh Radiology Associates, Inc. Profit Sharing PlanRaleigh Radiology Associates…$58MKbra Holdings, LLC 401(k) Profit Sharing Plan TrustKbra Holdings, LLC 401(k) Pr…$58M
End-of-year total assets ($M) among Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$64M
Net Assets (End of Year)$53M
Net Income-$5M
Employer EIN420945676
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Freedombank Shares, Inc.)

Sponsor-wide plan assets over time

All Freedombank Shares, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$48M 24.99933945189311% vs 2022
2024 filing year
$45M$50M$55M$60M$65M$70M 202220232024 $64M $48M ▼ -25.0%
Year Plans Participants Total Assets
2022 1 53 $64M
2023 1 65 $58M
2024 1 58 $48M

Nearby 401(k) Plans in Iowa

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

Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions vs. nearby 401(k) plans in Iowa, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -1012345 Total assets ($B) Participants Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions, Total assets ($B): 0.057956192 · Participants: 65Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) ProvisionsThe Principal Select Savings Plan, Total assets ($B): 4.134174305 · Participants: 12827The Principal Select Savings PlanIowa Health System Section 401(k) Retirement Savings Plan, Total assets ($B): 2.955731563 · Participants: 28959Iowa Health System Section 401(k) Retirement Savings PlanThe Hy-Vee and Affiliates 401(k) Plan, Total assets ($B): 2.941182172 · Participants: 56181The Hy-Vee and Affiliates 401(k) PlanThe Rsm US LLP Retirement Plan, Total assets ($B): 2.890404508 · Participants: 14720The Rsm US LLP Retirement PlanTransamerica 401(k) Retirement Savings Plan, Total assets ($B): 2.425600114 · Participants: 6999Transamerica 401(k) Retirement Savings Plan
Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions vs. nearby 401(k) plans in Iowa, assets vs. participants
Compare Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions side-by-side with 3 peers →

Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions's out-of-state 401(k) peers by assets and headcount

Outside Iowa, the nearest 401(k) by assets is The Delta Pathology Group, L.L.C. 401(k) Plan in LA ($58M); by covered participants it is General Insurance Services, Inc. 401(k) Plan in IN (65 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (65 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 Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions assets move in 2023? ▼
Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions pulled back noticeably - down 9.5% during 2023, from $64M to $58M. Reported net income was -$5M.
How have Freedombank Shares, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Freedombank Shares, Inc.'s sponsor-wide assets declined 25.0%, from $64M to $48M.
Where does Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions rank by assets among Form 5500 filers? ▼
Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions ranks in the 87th 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 401(k) plans are similar in size to Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions? ▼
Among 401(k) plans in other states, the closest by assets is The Delta Pathology Group, L.L.C. 401(k) Plan in LA ($58M, 308 participants).
Which 401(k) plans cover a similar participant headcount to Freedombank Shares, Inc. Employee Stock Ownership Plan with 401(k) Provisions? ▼
Among 401(k) plans in other states, the closest by covered participants is General Insurance Services, Inc. 401(k) Plan in IN (65 participants, N/A 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 420945676.

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.