401(k) · DOL Form 5500 · 2023

First State Bank Southwest 401(k) Plan

Data updated 2026-08-25

$21M
Total assets Small plan by assets
40
Participants Small participant base
74th
Percentile by assets National rank
$525,352
Avg per participant High balance/head
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Official DOL plan name: First State Bank Southwest Ksop Plan and Trust · Sponsored by First State Bank Southwest · Minnesota · Finance & Insurance

$21M in assets, 40 participants

First State Bank Southwest's First State Bank Southwest Ksop Plan and Trust reported $21M in total assets and 40 participants in its 2023 DOL Form 5500 filing, ranking in the 74th 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.

  • #5,359 in Finance & Insurance (8,869 peers)

First State Bank Southwest multi-year trail

First State Bank Southwest's plans moved +22.5% in assets from 2022 to 2024; this filing shows First State Bank Southwest Ksop Plan and Trust at $21M / 40 participants.

#5,359
in Finance & Insurance (8,869 peers)
+10.4%
assets growth YoY

First State Bank Southwest Ksop Plan and Trust's outsized position by total assets

First State Bank Southwest Ksop Plan and Trust vs every filed plan by assets

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

$21,014,066 Top 26% higher than 74% 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 State Bank Southwest Ksop 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 State Bank Southwest Ksop Plan and Trust is a small filing (40 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First State Bank Southwest Ksop Plan and Trust reported net income rose from -$3M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • First State Bank Southwest Ksop Plan and Trust reported participants fell from 45 in the plan year 2022 filing to 40 in the plan year 2023 filing.
  • First State Bank Southwest Ksop Plan and Trust end-of-year assets rose from $19M in the plan year 2022 filing to $21M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 410514195 · First State Bank Southwest PY 2023 · 401(k)

First State Bank Southwest Ksop Plan and Trust · $21M · 40 · 74th

  • BOY $21M
  • BOY 40
  • BOY 74th
  • BOY 401(k)
  • BOY near Plume Design, Inc. 401(k) Plan
  • BOY ind #5359

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 Minnesota →

First State Bank Southwest Ksop Plan and Trust in the asset neighbourhood

Dave Operating LLC 401(k) PlanDave Operating LLC 401(k) Pl…$21MFirst State Bank Southwest Ksop Plan and TrustFirst State Bank Southwest K…$21MPlume Design, Inc. 401(k) PlanPlume Design, Inc. 401(k) Pl…$21MThe Tustin Group 401(k) RetirementThe Tustin Group 401(k) Reti…$21MStash Financial, Inc. 401(k) PlanStash Financial, Inc. 401(k)…$21M
End-of-year total assets ($M) among First State Bank Southwest Ksop Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

First State Bank Southwest multi-year asset trail

Sponsor-wide plan assets over time

All First State Bank Southwest plans reported in each filing year

Latest sponsor-wide plan assets
$23M 22.460843111928014% vs 2022
2024 filing year
$18M$20M$22M$24M 202220232024 $19M $23.3M ▲ +22.4%
Year Plans Participants Total Assets
2022 1 45 $19M
2023 1 40 $21M
2024 1 42 $23M

First State Bank Southwest filing trail (2023)

Total Assets (Beginning of Year)$19M
Net Assets (End of Year)$21M
Net Income$2M
Employer EIN410514195
Plan Effective Date1986-10-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Minnesota

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

First State Bank Southwest Ksop Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants First State Bank Southwest Ksop Plan and Trust, Total assets ($B): 0.021014066 · Participants: 40First State Bank Southwest Ksop Plan and TrustUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
First State Bank Southwest Ksop Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare First State Bank Southwest Ksop Plan and Trust side-by-side with 3 peers →

First State Bank Southwest Ksop Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Plume Design, Inc. 401(k) Plan in CA ($21M); by covered participants it is Specialized Products Company 401(k) Profit Sharing Plan in TX (40 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($21M here).

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 First State Bank Southwest Ksop Plan and Trust assets move in 2023? ▼
First State Bank Southwest Ksop Plan and Trust grew at a solid clip - up 10.4% during 2023, from $19M to $21M. Reported net income was $2M.
How have First State Bank Southwest plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First State Bank Southwest's sponsor-wide assets grew 22.5%, from $19M to $23M.
Which 401(k) plans are similar in size to First State Bank Southwest Ksop Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is Plume Design, Inc. 401(k) Plan in CA ($21M, 245 participants).
Which 401(k) plans cover a similar participant headcount to First State Bank Southwest Ksop Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Specialized Products Company 401(k) Profit Sharing Plan in TX (40 participants, $3M 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 410514195.

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.