401(k) · DOL Form 5500 · 2023

Hills Bank and Trust Company 401(k) Plan

Data updated 2026-08-25

$73M
Total assets Below avg plan size
502
Participants Below avg headcount
89th
Percentile by assets National rank
$146,363
Avg per participant Above avg balance/head
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Official DOL plan name: Hills Bank and Trust Co 401(k) Profit Sharing Plan · Sponsored by Hills Bank and Trust Company · Iowa · Finance & Insurance

$73M in assets, 502 participants

Hills Bank and Trust Company's Hills Bank and Trust Co 401(k) Profit Sharing Plan reported $73M in total assets and 502 participants in its 2023 DOL Form 5500 filing, ranking in the 89th 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.

  • #7,360 in Finance & Insurance (8,869 peers)

Where Hills Bank and Trust Co 401(k) Profit Sharing Plan sits by assets

Hills Bank and Trust Co 401(k) Profit Sharing Plan sits in the top quartile of all filed plans by assets, $73M for 502 participants (~$146,363/participant), up 21.7% in 2023.

#7,360
in Finance & Insurance (8,869 peers)
+21.7%
assets growth YoY
0.7×
vs typical plan assets (national mean)

Hills Bank and Trust Co 401(k) Profit Sharing Plan's outsized position by total assets

Hills Bank and Trust Co 401(k) Profit Sharing Plan vs every filed plan by assets

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

$73,474,178 Top 11% higher than 89% 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

Hills Bank and Trust Co 401(k) Profit Sharing 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. Hills Bank and Trust Co 401(k) Profit Sharing Plan sits mid-pack in the medium band (502 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Hills Bank and Trust Co 401(k) Profit Sharing Plan reported net income rose from -$12M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • Hills Bank and Trust Co 401(k) Profit Sharing Plan end-of-year assets rose from $60M in the plan year 2022 filing to $73M in the plan year 2023 filing.
  • Hills Bank and Trust Co 401(k) Profit Sharing Plan reported participants rose from 490 in the plan year 2022 filing to 502 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 420310580 · Hills Bank and Trust Company PY 2023 · 401(k)

Hills Bank and Trust Co 401(k) Profit Sharing Plan · $73M · 502 · 89th

  • ASSETS $73M
  • PCT 502
  • EIN 89th
  • RANK 401(k)
  • PHOTO near Smarsh 401(k) Plan
  • IND ind #7360

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 →

Hills Bank and Trust Co 401(k) Profit Sharing Plan in the asset neighbourhood

Smarsh 401(k) Plan$73MHills Bank and Trust Co 401(k) Profit Sharing PlanHills Bank and Trust Co 401(…$73MGoya Foods, Inc. Retirement & 401(k) Savings PlanGoya Foods, Inc. Retirement …$73MGaming Laboratories International, LLC Profit Sharing PlanGaming Laboratories Internat…$73MDrug Plastics & Glass Company, Inc. 401(k) Profit Sharing PlanDrug Plastics & Glass Compan…$73M
End-of-year total assets ($M) among Hills Bank and Trust Co 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$60M
Net Assets (End of Year)$73M
Net Income$13M
Employer EIN420310580
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Hills Bank and Trust Company)

Sponsor-wide plan assets over time

All Hills Bank and Trust Company plans reported in each filing year

Latest sponsor-wide plan assets
$141M 17.404568179420625% vs 2022
2024 filing year
$110M$120M$130M$140M$150M 202220232024 $120M $141M ▲ +17.4%
Year Plans Participants Total Assets
2022 2 915 $120M
2023 2 922 $129M
2024 2 950 $141M

Nearby 401(k) Plans in Iowa

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

Hills Bank and Trust Co 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Iowa, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -1012345 Total assets ($B) Participants Hills Bank and Trust Co 401(k) Profit Sharing Plan, Total assets ($B): 0.073474178 · Participants: 502Hills Bank and Trust Co 401(k) Profit Sharing 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
Hills Bank and Trust Co 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Iowa, assets vs. participants
Compare Hills Bank and Trust Co 401(k) Profit Sharing Plan side-by-side with 3 peers →

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

Outside Iowa, the nearest 401(k) by assets is Smarsh 401(k) Plan in OR ($73M); by covered participants it is Mariani Nut Company Inc. 401(k) Profit Sharing Plan in CA (502 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (502 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 Hills Bank and Trust Co 401(k) Profit Sharing Plan assets move in 2023? ▼
Hills Bank and Trust Co 401(k) Profit Sharing Plan grew sharply - up 21.7% during 2023, from $60M to $73M. Reported net income was $13M.
How have Hills Bank and Trust Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Hills Bank and Trust Company's sponsor-wide assets grew 17.4%, from $120M to $141M.
Where does Hills Bank and Trust Co 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Hills Bank and Trust Co 401(k) Profit Sharing Plan ranks in the 89th 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 Hills Bank and Trust Co 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Smarsh 401(k) Plan in OR ($73M, 665 participants).
Which 401(k) plans cover a similar participant headcount to Hills Bank and Trust Co 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Mariani Nut Company Inc. 401(k) Profit Sharing Plan in CA (502 participants, $25M 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 420310580.

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.