401(k) · DOL Form 5500 · 2023

North Shore Bank of Commerce 401(k) Plan

Data updated 2026-08-25

$20M
Total assets Small plan by assets
121
Participants Small participant base
72nd
Percentile by assets National rank
$162,957
Avg per participant Above avg balance/head
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Official DOL plan name: North Shore Bank 401(k) Plan · Sponsored by North Shore Bank of Commerce · Minnesota · Finance & Insurance

$20M in assets, 121 participants

North Shore Bank of Commerce's North Shore Bank 401(k) Plan reported $20M in total assets and 121 participants in its 2023 DOL Form 5500 filing, ranking in the 72nd 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.

  • #5,218 in Finance & Insurance (8,869 peers)

Coverage in Minnesota

North Shore Bank 401(k) Plan covers 121 participants in Minnesota, about 11% of the average Minnesota filer (state average ~1,126 per filing). Assets: $20M.

#5,218
in Finance & Insurance (8,869 peers)
+16.3%
assets growth YoY

North Shore Bank 401(k) Plan's outsized position by total assets

North Shore Bank 401(k) Plan vs every filed plan by assets

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

$19,717,807 Top 28% higher than 72% 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

North Shore Bank 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. North Shore Bank 401(k) Plan sits mid-pack in the medium band (121 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • North Shore Bank 401(k) Plan reported net income rose from -$4M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • North Shore Bank 401(k) Plan end-of-year assets rose from $17M in the plan year 2022 filing to $20M in the plan year 2023 filing.
  • North Shore Bank 401(k) Plan reported participants rose from 110 in the plan year 2022 filing to 121 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 410138390 · North Shore Bank of Commerce PY 2023 · 401(k)

North Shore Bank 401(k) Plan · $20M · 121 · 72nd

  • VS-ST $20M
  • BOY 121
  • SCH 72nd
  • EBSA 401(k)
  • PART near Port Terminal Railroad Association Thrift Plan
  • TYPE ind #5218

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 →

North Shore Bank 401(k) Plan in the asset neighbourhood

North Shore Bank 401(k) Plan$20MPort Terminal Railroad Association Thrift PlanPort Terminal Railroad Assoc…$20MLone Wolf Real Estate Technologies, Inc. 401(k) PlanLone Wolf Real Estate Techno…$20MAllen Aircraft Products, Inc. 401(k) Profit Sharing PlanAllen Aircraft Products, Inc…$20MPlanet Technologies 401(k) PlanPlanet Technologies 401(k) P…$20M
End-of-year total assets ($M) among North Shore Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$17M
Net Assets (End of Year)$20M
Net Income$3M
Employer EIN410138390
Plan Effective Date1990-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (North Shore Bank of Commerce)

Sponsor-wide plan assets over time

All North Shore Bank of Commerce plans reported in each filing year

Latest sponsor-wide plan assets
$22M 29.335799233010302% vs 2022
2024 filing year
$16M$18M$20M$22M$24M 202220232024 $17M $21.9M ▲ +29.3%
Year Plans Participants Total Assets
2022 1 110 $17M
2023 1 121 $20M
2024 1 114 $22M

Nearby 401(k) Plans in Minnesota

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

North Shore Bank 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants North Shore Bank 401(k) Plan, Total assets ($B): 0.019717807 · Participants: 121North Shore Bank 401(k) 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
North Shore Bank 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare North Shore Bank 401(k) Plan side-by-side with 3 peers →

North Shore Bank 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Port Terminal Railroad Association Thrift Plan in TX ($20M); by covered participants it is Redwood School & Rehabilitation Center, Inc. 401(k) Plan in OH (121 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (121 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 North Shore Bank 401(k) Plan assets move in 2023? ▼
North Shore Bank 401(k) Plan grew sharply - up 16.3% during 2023, from $17M to $20M. Reported net income was $3M.
How have North Shore Bank of Commerce plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), North Shore Bank of Commerce's sponsor-wide assets grew 29.3%, from $17M to $22M.
Which 401(k) plans are similar in size to North Shore Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Port Terminal Railroad Association Thrift Plan in TX ($20M, 321 participants).
Which 401(k) plans cover a similar participant headcount to North Shore Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Redwood School & Rehabilitation Center, Inc. 401(k) Plan in OH (121 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 410138390.

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.