ESOP · DOL Form 5500 · 2023

Hills Bank and Trust Company ESOP

Data updated 2026-08-25

$55M
Total assets Below avg plan size
420
Participants Below avg headcount
86th
Percentile by assets National rank
$131,040
Avg per participant Near avg balance/head
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Official DOL plan name: Hills Bank and Trust Employee Stock Ownership Plan · Sponsored by Hills Bank and Trust Company · Iowa · Finance & Insurance

$55M in assets, 420 participants

Hills Bank and Trust Company's Hills Bank and Trust Employee Stock Ownership Plan reported $55M in total assets and 420 participants in its 2023 DOL Form 5500 filing, ranking in the 86th 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.

  • #7,032 in Finance & Insurance (8,869 peers)

Where Hills Bank and Trust Employee Stock Ownership Plan sits by assets

Hills Bank and Trust Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $55M for 420 participants (~$131,040/participant), down 8.1% in 2023.

#7,032
in Finance & Insurance (8,869 peers)
-8.1%
assets change YoY
0.6×
vs typical plan assets (national mean)

The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Hills Bank and Trust Employee Stock Ownership Plan's outsized position by total assets

Hills Bank and Trust Employee Stock Ownership Plan vs every filed plan by assets

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

$55,036,726 Top 14% higher than 86% 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 Employee Stock Ownership 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 Employee Stock Ownership Plan sits mid-pack in the medium band (420 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Hills Bank and Trust Employee Stock Ownership Plan reported net income fell from -$2M in the plan year 2022 filing to -$5M in the plan year 2023 filing.
  • Hills Bank and Trust Employee Stock Ownership Plan end-of-year assets fell from $60M in the plan year 2022 filing to $55M in the plan year 2023 filing.
  • Hills Bank and Trust Employee Stock Ownership Plan reported participants fell from 425 in the plan year 2022 filing to 420 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 · ESOP

Hills Bank and Trust Employee Stock Ownership Plan · $55M · 420 · 86th

  • PCT $55M
  • EIN 420
  • RANK 86th
  • PHOTO ESOP
  • IND near Avion Solutions, Inc. Employee Stock Ownership Plan
  • EOY ind #7032

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 What is an ESOP? → · Plans in Iowa →

Hills Bank and Trust Employee Stock Ownership Plan in the asset neighbourhood

Hills Bank and Trust Employee Stock Ownership PlanHills Bank and Trust Employe…$55MAvion Solutions, Inc. Employee Stock Ownership PlanAvion Solutions, Inc. Employ…$55MViking Drill & Tool, Inc. Employee Stock Ownership PlanViking Drill & Tool, Inc. Em…$55MAnderson Electric, Inc. ESOP$55MMillstone Weber Employee Stock Ownership PlanMillstone Weber Employee Sto…$55M
End-of-year total assets ($M) among Hills Bank and Trust Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$60M
Net Assets (End of Year)$55M
Net Income-$5M
Employer EIN420310580
Plan Effective Date1974-12-31
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 ESOP Plans in Iowa

Peer ESOP plans, same state, same plan type, ranked by total assets.

Hills Bank and Trust Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants Scatter plot of 6 data points. 20040060080010001200 02004006008001000 Total assets ($M) Participants Hills Bank and Trust Employee Stock Ownership Plan, Total assets ($M): 55.036726 · Participants: 420Hills Bank and Trust Employee Stock Ownership PlanEmployee Owned Brands, Inc. Employee Stock Ownership Plan, Total assets ($M): 863.986659 · Participants: 802Employee Owned Brands, Inc. Employee Stock Ownership PlanVan Meter Industrial, Inc. Employee Stock Ownership Plan, Total assets ($M): 596.09835 · Participants: 801Van Meter Industrial, Inc. Employee Stock Ownership PlanPrecision, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 438.062674 · Participants: 667Precision, Inc. Employee Stock Ownership Plan and TrustIta Group Holdings, Inc. Employees' Stock Ownership Plan, Total assets ($M): 427.790025 · Participants: 771Ita Group Holdings, Inc. Employees' Stock Ownership PlanVgm Group, Inc. Employee Stock Ownership Plan, Total assets ($M): 405.931426 · Participants: 1070Vgm Group, Inc. Employee Stock Ownership Plan
Hills Bank and Trust Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants
Compare Hills Bank and Trust Employee Stock Ownership Plan side-by-side with 3 peers →

Hills Bank and Trust Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Iowa, the nearest ESOP by assets is Avion Solutions, Inc. Employee Stock Ownership Plan in AL ($55M); by covered participants it is Acutec Precision Aerospace Employee Stock Ownership Plan in PA (420 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (420 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 Employee Stock Ownership Plan assets move in 2023? ▼
Hills Bank and Trust Employee Stock Ownership Plan pulled back noticeably - down 8.1% during 2023, from $60M to $55M. Reported net income was -$5M.
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 Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Hills Bank and Trust Employee Stock Ownership Plan ranks in the 86th 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 ESOP plans are similar in size to Hills Bank and Trust Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Avion Solutions, Inc. Employee Stock Ownership Plan in AL ($55M, 245 participants).
Which ESOP plans cover a similar participant headcount to Hills Bank and Trust Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Acutec Precision Aerospace Employee Stock Ownership Plan in PA (420 participants, $6M 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.