401(k) · DOL Form 5500 · 2023

Garrett State Bank 401(k) Plan

Data updated 2026-08-25

$13M
Total assets Small plan by assets
33
Participants Small participant base
65th
Percentile by assets National rank
$408,184
Avg per participant High balance/head
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Official DOL plan name: The Garrett State Bank 401(k) Employee Stock Ownership Plan · Sponsored by Garrett State Bank · Indiana · Finance & Insurance

$13M in assets, 33 participants

Garrett State Bank's The Garrett State Bank 401(k) Employee Stock Ownership Plan reported $13M in total assets and 33 participants in its 2023 DOL Form 5500 filing, ranking in the 65th 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.

  • #4,438 in Finance & Insurance (8,869 peers)

Garrett State Bank multi-year trail

Garrett State Bank's plans moved +18.8% in assets from 2022 to 2024; this filing shows The Garrett State Bank 401(k) Employee Stock Ownership Plan at $13M / 33 participants.

#4,438
in Finance & Insurance (8,869 peers)
+7.7%
assets growth YoY

The Garrett State Bank 401(k) Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

The Garrett State Bank 401(k) Employee Stock Ownership Plan vs every filed plan by assets

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

$13,470,059 Top 35% higher than 65% 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

The Garrett State Bank 401(k) 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. The Garrett State Bank 401(k) Employee Stock Ownership Plan is a small filing (33 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Garrett State Bank 401(k) Employee Stock Ownership Plan reported net income rose from -$523K in the plan year 2022 filing to $966K in the plan year 2023 filing.
  • The Garrett State Bank 401(k) Employee Stock Ownership Plan end-of-year assets rose from $13M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • The Garrett State Bank 401(k) Employee Stock Ownership Plan reported participants rose from 32 in the plan year 2022 filing to 33 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 350328710 · Garrett State Bank PY 2023 · 401(k)

The Garrett State Bank 401(k) Employee Stock Ownership Plan · $13M · 33 · 65th

  • EBSA $13M
  • EBSA 33
  • EBSA 65th
  • EBSA 401(k)
  • EBSA near Oklahoma Arthritis Center, P.C. Profit Sharing Plan
  • EBSA ind #4438

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 →

The Garrett State Bank 401(k) Employee Stock Ownership Plan in the asset neighbourhood

The Garrett State Bank 401(k) Employee Stock Ownership PlanThe Garrett State Bank 401(k…$13MOklahoma Arthritis Center, P.C. Profit Sharing PlanOklahoma Arthritis Center, P…$13MGassearch Drilling Services Corporation 401(k) PlanGassearch Drilling Services …$13MFoundation Source 401(k) Plan$13MJalpak International Hawaii, Inc. 401(k) Retirement PlanJalpak International Hawaii,…$13M
End-of-year total assets ($M) among The Garrett State Bank 401(k) Employee Stock Ownership Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Garrett State Bank multi-year asset trail

Sponsor-wide plan assets over time

All Garrett State Bank plans reported in each filing year

Latest sponsor-wide plan assets
$15M 18.82774716893164% vs 2022
2024 filing year
$12M$13M$14M$15M$16M 202220232024 $12.5M $14.9M ▲ +18.9%
Year Plans Participants Total Assets
2022 1 32 $13M
2023 1 33 $13M
2024 1 31 $15M

Garrett State Bank filing trail (2023)

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$13M
Net Income$966K
Employer EIN350328710
Plan Effective Date1993-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Indiana

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

The Garrett State Bank 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in Indiana, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -5051015 Total assets ($B) Participants The Garrett State Bank 401(k) Employee Stock Ownership Plan, Total assets ($B): 0.013470059 · Participants: 33The Garrett State Bank 401(k) Employee Stock Ownership PlanThe Lilly Employee 401(k) Plan, Total assets ($B): 11.133214731 · Participants: 17583The Lilly Employee 401(k) PlanElevance Health 401(k) Plan, Total assets ($B): 11.042395257 · Participants: 76590Elevance Health 401(k) PlanCummins Retirement and Savings Plan, Total assets ($B): 5.730057183 · Participants: 28381Cummins Retirement and Savings PlanIu Health 401(k) Savings Plan, Total assets ($B): 3.907792365 · Participants: 38575Iu Health 401(k) Savings PlanSteel Dynamics, Inc. Profit Sharing and Retirement Savings Plan, Total assets ($B): 2.573079703 · Participants: 9015Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan
The Garrett State Bank 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare The Garrett State Bank 401(k) Employee Stock Ownership Plan side-by-side with 3 peers →

The Garrett State Bank 401(k) Employee Stock Ownership Plan's out-of-state 401(k) peers by assets and headcount

Outside Indiana, the nearest 401(k) by assets is Oklahoma Arthritis Center, P.C. Profit Sharing Plan in OK ($13M); by covered participants it is Taylor Automotive Group 401(k) Plan in TN (33 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (33 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 The Garrett State Bank 401(k) Employee Stock Ownership Plan assets move in 2023? ▼
The Garrett State Bank 401(k) Employee Stock Ownership Plan grew at a solid clip - up 7.7% during 2023, from $13M to $13M. Reported net income was $966K.
How have Garrett State Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Garrett State Bank's sponsor-wide assets grew 18.8%, from $13M to $15M.
Which 401(k) plans are similar in size to The Garrett State Bank 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by assets is Oklahoma Arthritis Center, P.C. Profit Sharing Plan in OK ($13M, 131 participants).
Which 401(k) plans cover a similar participant headcount to The Garrett State Bank 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Taylor Automotive Group 401(k) Plan in TN (33 participants, $4M 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 350328710.

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.