401(k) · DOL Form 5500 · 2023
Hills Bank and Trust Company 401(k) Plan
Data updated 2026-08-11
- $73M
- Total assets
- 502
- Participants
- 89th
- Percentile by assets
- $146,363
- Avg per participant
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.
- 89th percentile by assets (of 127,072 plans)
- #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.
- $73M
- total plan assets (2023 EOY)
- 502
- covered participants
- 89th
- percentile by assets (of 127,072 plans)
- $146,363
- avg assets per participant
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.
Hills Bank and Trust Co 401(k) Profit Sharing Plan vs the 2023 asset distribution
By assets, Hills Bank and Trust Co 401(k) Profit Sharing Plan outranks 89% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.7x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $60M |
|---|---|
| Net Assets (End of Year) | $73M |
| Net Income | $13M |
| Employer EIN | 420310580 |
| Plan Effective Date | 1994-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Hills Bank and Trust Company)
| 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
- The Principal Select Savings Plan $4.1B · 12,827
- Iowa Health System Section 401(k) Retirement Savings Plan $3.0B · 28,959
- The Hy-Vee and Affiliates 401(k) Plan $2.9B · 56,181
- The Rsm US LLP Retirement Plan $2.9B · 14,720
- Transamerica 401(k) Retirement Savings Plan $2.4B · 6,999
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Hills Bank and Trust Co 401(k) Profit Sharing Plan by total assets, not by location.
Frequently Asked Questions
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Ways to act on Hills Bank and Trust Co 401(k) Profit Sharing Plan's numbers.
- By total assets, Hills Bank and Trust Co 401(k) Profit Sharing Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Iowa. Compare plans
- Hills Bank and Trust Company's sponsor-wide assets have grown 17.4% since 2022 across 3 plan years on file. More Finance & Insurance plans