401(k) · DOL Form 5500 · 2023

Ames National Corporation 401(k) Plan

Data updated 2026-08-25

$58M
Total assets Below avg plan size
270
Participants Below avg headcount
87th
Percentile by assets National rank
$216,495
Avg per participant Above avg balance/head
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Official DOL plan name: Ames National Corporation 401(k) Plan · Sponsored by Ames National Corporation · Iowa · Finance & Insurance

$58M in assets, 270 participants

Ames National Corporation's Ames National Corporation 401(k) Plan reported $58M in total assets and 270 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.

  • #7,100 in Finance & Insurance (8,869 peers)

Coverage in Iowa

Ames National Corporation 401(k) Plan covers 270 participants in Iowa, about 44% of the average Iowa filer (state average ~609 per filing). Assets: $58M.

#7,100
in Finance & Insurance (8,869 peers)
+12.6%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Ames National Corporation 401(k) Plan's outsized position by total assets

Ames National Corporation 401(k) Plan vs every filed plan by assets

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

$58,453,765 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

Ames National Corporation 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. Ames National Corporation 401(k) Plan sits mid-pack in the medium band (270 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Ames National Corporation 401(k) Plan reported net income rose from -$8M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Ames National Corporation 401(k) Plan end-of-year assets rose from $52M in the plan year 2022 filing to $58M in the plan year 2023 filing.
  • Ames National Corporation 401(k) Plan reported participants fell from 273 in the plan year 2022 filing to 270 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 421039071 · Ames National Corporation PY 2023 · 401(k)

Ames National Corporation 401(k) Plan · $58M · 270 · 87th

  • 5500 $58M
  • ASSETS 270
  • PCT 87th
  • EIN 401(k)
  • RANK near Virginia Physicians, Inc. 401(k) Plan
  • PHOTO ind #7100

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 →

Ames National Corporation 401(k) Plan in the asset neighbourhood

Antylia Scientific 401(k) Retirement PlanAntylia Scientific 401(k) Re…$58MAmes National Corporation 401(k) PlanAmes National Corporation 40…$58MVirginia Physicians, Inc. 401(k) PlanVirginia Physicians, Inc. 40…$58MProfit Sharing and Salary Deferral Plan of Consolidated Supply Co.Profit Sharing and Salary De…$58MIcm Ventures Retirement Plan$58M
End-of-year total assets ($M) among Ames National Corporation 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Iowa filing particulars

Total Assets (Beginning of Year)$52M
Net Assets (End of Year)$58M
Net Income$7M
Employer EIN421039071
Plan Effective Date1971-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Ames National Corporation)

Sponsor-wide plan assets over time

All Ames National Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$68M 30.698844638047536% vs 2022
2024 filing year
$50M$55M$60M$65M$70M 202220232024 $51.9M $67.8M ▲ +30.7%
Year Plans Participants Total Assets
2022 1 273 $52M
2023 1 270 $58M
2024 1 268 $68M

Nearby 401(k) Plans in Iowa

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

Ames National Corporation 401(k) Plan vs. nearby 401(k) plans in Iowa, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -1012345 Total assets ($B) Participants Ames National Corporation 401(k) Plan, Total assets ($B): 0.058453765 · Participants: 270Ames National Corporation 401(k) PlanThe 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
Ames National Corporation 401(k) Plan vs. nearby 401(k) plans in Iowa, assets vs. participants
Compare Ames National Corporation 401(k) Plan side-by-side with 3 peers →

Ames National Corporation 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Iowa, the nearest 401(k) by assets is Virginia Physicians, Inc. 401(k) Plan in VA ($58M); by covered participants it is Revision Military 401(k) Retirement Plan in VT (270 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (270 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 Ames National Corporation 401(k) Plan assets move in 2023? ▼
Ames National Corporation 401(k) Plan grew at a solid clip - up 12.6% during 2023, from $52M to $58M. Reported net income was $7M.
How have Ames National Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Ames National Corporation's sponsor-wide assets grew 30.7%, from $52M to $68M.
Where does Ames National Corporation 401(k) Plan rank by assets among Form 5500 filers? ▼
Ames National Corporation 401(k) Plan 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 Ames National Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Virginia Physicians, Inc. 401(k) Plan in VA ($58M, 320 participants).
Which 401(k) plans cover a similar participant headcount to Ames National Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Revision Military 401(k) Retirement Plan in VT (270 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 421039071.

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.