401(k) · DOL Form 5500 · 2023

First State Bank and Trust 401(k) Plan

Data updated 2026-08-25

$16M
Total assets Small plan by assets
96
Participants Small participant base
68th
Percentile by assets National rank
$164,423
Avg per participant Above avg balance/head
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Official DOL plan name: First State Bank and Trust Profit Sharing Plan · Sponsored by First State Bank and Trust · Minnesota · Finance & Insurance

$16M in assets, 96 participants

First State Bank and Trust's First State Bank and Trust Profit Sharing Plan reported $16M in total assets and 96 participants in its 2023 DOL Form 5500 filing, ranking in the 68th 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.

  • #4,753 in Finance & Insurance (8,869 peers)

First State Bank and Trust multi-year trail

First State Bank and Trust's plans moved +41.8% in assets from 2022 to 2024; this filing shows First State Bank and Trust Profit Sharing Plan at $16M / 96 participants.

#4,753
in Finance & Insurance (8,869 peers)
+20.7%
assets growth YoY

First State Bank and Trust Profit Sharing Plan's outsized position by total assets

First State Bank and Trust Profit Sharing Plan vs every filed plan by assets

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

$15,784,592 Top 32% higher than 68% 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 and Trust Profit Sharing 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. First State Bank and Trust Profit Sharing Plan is a small filing (96 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First State Bank and Trust Profit Sharing Plan reported net income rose from -$2M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • First State Bank and Trust Profit Sharing Plan end-of-year assets rose from $13M in the plan year 2022 filing to $16M in the plan year 2023 filing.
  • First State Bank and Trust Profit Sharing Plan reported participants rose from 90 in the plan year 2022 filing to 96 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 410257270 · First State Bank and Trust PY 2023 · 401(k)

First State Bank and Trust Profit Sharing Plan · $16M · 96 · 68th

  • BOOK $16M
  • BOOK 96
  • BOOK 68th
  • BOOK 401(k)
  • BOOK near Miller Paint 401(k) Savings Plan
  • BOOK ind #4753

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 and Trust Profit Sharing Plan in the asset neighbourhood

Miller Paint 401(k) Savings PlanMiller Paint 401(k) Savings …$16MFirst State Bank and Trust Profit Sharing PlanFirst State Bank and Trust P…$16MOpen Dealer Exchange LLC 401(k) PlanOpen Dealer Exchange LLC 401…$16MLe Claire Manufacturing Co. 401(k) Employee Benefit PlanLe Claire Manufacturing Co. …$16MMesch, Clark & Rothschild, P.C. 401(k) Profit Sharing PlanMesch, Clark & Rothschild, P…$16M
End-of-year total assets ($M) among First State Bank and Trust Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

First State Bank and Trust multi-year asset trail

Sponsor-wide plan assets over time

All First State Bank and Trust plans reported in each filing year

Latest sponsor-wide plan assets
$19M 41.788451350118216% vs 2022
2024 filing year
$12M$14M$16M$18M$20M 202220232024 $13.1M $18.6M ▲ +41.8%
Year Plans Participants Total Assets
2022 1 90 $13M
2023 1 96 $16M
2024 1 96 $19M

First State Bank and Trust filing trail (2023)

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$16M
Net Income$3M
Employer EIN410257270
Plan Effective Date1961-01-01
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 and Trust Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants First State Bank and Trust Profit Sharing Plan, Total assets ($B): 0.015784592 · Participants: 96First State Bank and Trust Profit Sharing PlanUnitedhealth 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 and Trust Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare First State Bank and Trust Profit Sharing Plan side-by-side with 3 peers →

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

Outside Minnesota, the nearest 401(k) by assets is Miller Paint 401(k) Savings Plan in OR ($16M); by covered participants it is Knowledge Link Inc. 401(k) Plan in VA (96 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (96 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 and Trust Profit Sharing Plan assets move in 2023? ▼
First State Bank and Trust Profit Sharing Plan grew sharply - up 20.7% during 2023, from $13M to $16M. Reported net income was $3M.
How have First State Bank and Trust plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First State Bank and Trust's sponsor-wide assets grew 41.8%, from $13M to $19M.
Which 401(k) plans are similar in size to First State Bank and Trust Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Miller Paint 401(k) Savings Plan in OR ($16M, 326 participants).
Which 401(k) plans cover a similar participant headcount to First State Bank and Trust Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Knowledge Link Inc. 401(k) Plan in VA (96 participants, $11M 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 410257270.

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.