401(k) · DOL Form 5500 · 2023

West Bancorporation, Inc. 401(k) Plan

Data updated 2026-08-25

$46M
Total assets Below avg plan size
167
Participants Small participant base
85th
Percentile by assets National rank
$273,741
Avg per participant High balance/head
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Official DOL plan name: West Bancorporation, Inc. Employee Savings and Stock Ownership Plan · Sponsored by West Bancorporation, Inc. · Iowa · Management of Enterprises

$46M in assets, 167 participants

West Bancorporation, Inc.'s West Bancorporation, Inc. Employee Savings and Stock Ownership Plan reported $46M in total assets and 167 participants in its 2023 DOL Form 5500 filing, ranking in the 85th 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.

  • #756 in Management of Enterprises (1,137 peers)

Coverage in Iowa

West Bancorporation, Inc. Employee Savings and Stock Ownership Plan covers 167 participants in Iowa, about 27% of the average Iowa filer (state average ~609 per filing). Assets: $46M.

#756
in Management of Enterprises (1,137 peers)
+5.9%
assets growth YoY
0.5×
vs typical plan assets (national mean)

West Bancorporation, Inc. Employee Savings and Stock Ownership Plan's outsized position by total assets

West Bancorporation, Inc. Employee Savings and Stock Ownership Plan vs every filed plan by assets

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

$45,714,708 Top 15% higher than 85% 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

West Bancorporation, Inc. Employee Savings and 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. West Bancorporation, Inc. Employee Savings and Stock Ownership Plan sits mid-pack in the medium band (167 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • West Bancorporation, Inc. Employee Savings and Stock Ownership Plan reported net income rose from -$7M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • West Bancorporation, Inc. Employee Savings and Stock Ownership Plan end-of-year assets rose from $43M in the plan year 2022 filing to $46M in the plan year 2023 filing.
  • West Bancorporation, Inc. Employee Savings and Stock Ownership Plan reported participants fell from 169 in the plan year 2022 filing to 167 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 421230603 · West Bancorporation, Inc. PY 2023 · 401(k)

West Bancorporation, Inc. Employee Savings and Stock Ownership Plan · $46M · 167 · 85th

  • TYPE $46M
  • NET 167
  • BOOK 85th
  • VS-ST 401(k)
  • BOY near Southern Bancorp 401(k) Retirement Savings and Employee Stock Ownership Plan
  • SCH ind #756

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 Management of Enterprises retirement plans → · Plans in Iowa →

West Bancorporation, Inc. Employee Savings and Stock Ownership Plan in the asset neighbourhood

Monmouth Cardiology Associates, LLC 401(k) PlanMonmouth Cardiology Associat…$46MSouthern Bancorp 401(k) Retirement Savings and Employee Stock Ownership PlanSouthern Bancorp 401(k) Reti…$46MWest Bancorporation, Inc. Employee Savings and Stock Ownership PlanWest Bancorporation, Inc. Em…$46MFort Wayne Orthopaedics, LLC Profit Sharing PlanFort Wayne Orthopaedics, LLC…$46M401(k) Incentive Savings Plan for Salaried and Hourly Employees of Kewaunee Scientific Corporation401(k) Incentive Savings Pla…$46M
End-of-year total assets ($M) among West Bancorporation, Inc. Employee Savings and Stock Ownership Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Iowa filing particulars

Total Assets (Beginning of Year)$43M
Net Assets (End of Year)$46M
Net Income$3M
Employer EIN421230603
Plan Effective Date1965-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (West Bancorporation, Inc.)

Sponsor-wide plan assets over time

All West Bancorporation, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$51M 17.258464278280755% vs 2022
2024 filing year
$40M$45M$50M$55M 202220232024 $43.2M $50.6M ▲ +17.3%
Year Plans Participants Total Assets
2022 1 169 $43M
2023 1 167 $46M
2024 1 178 $51M

Nearby 401(k) Plans in Iowa

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

West Bancorporation, Inc. Employee Savings and Stock Ownership Plan vs. nearby 401(k) plans in Iowa, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -1012345 Total assets ($B) Participants West Bancorporation, Inc. Employee Savings and Stock Ownership Plan, Total assets ($B): 0.045714708 · Participants: 167West Bancorporation, Inc. Employee Savings and Stock Ownership 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
West Bancorporation, Inc. Employee Savings and Stock Ownership Plan vs. nearby 401(k) plans in Iowa, assets vs. participants
Compare West Bancorporation, Inc. Employee Savings and Stock Ownership Plan side-by-side with 3 peers →

West Bancorporation, Inc. Employee Savings and Stock Ownership Plan's out-of-state 401(k) peers by assets and headcount

Outside Iowa, the nearest 401(k) by assets is Southern Bancorp 401(k) Retirement Savings and Employee Stock Ownership Plan in AR ($46M); by covered participants it is Cleveland Hardware and Forging Co. Profit Sharing in WI (167 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (167 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 West Bancorporation, Inc. Employee Savings and Stock Ownership Plan assets move in 2023? ▼
West Bancorporation, Inc. Employee Savings and Stock Ownership Plan grew at a solid clip - up 5.9% during 2023, from $43M to $46M. Reported net income was $3M.
How have West Bancorporation, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), West Bancorporation, Inc.'s sponsor-wide assets grew 17.3%, from $43M to $51M.
Where does West Bancorporation, Inc. Employee Savings and Stock Ownership Plan rank by assets among Form 5500 filers? ▼
West Bancorporation, Inc. Employee Savings and Stock Ownership Plan ranks in the 85th 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 West Bancorporation, Inc. Employee Savings and Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by assets is Southern Bancorp 401(k) Retirement Savings and Employee Stock Ownership Plan in AR ($46M, 490 participants).
Which 401(k) plans cover a similar participant headcount to West Bancorporation, Inc. Employee Savings and Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Cleveland Hardware and Forging Co. Profit Sharing in WI (167 participants, $8M 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 421230603.

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.