ESOP · DOL Form 5500 · 2023

Decorah Bank & Trust Company ESOP

Data updated 2026-08-25

$13M
Total assets Small plan by assets
110
Participants Small participant base
65th
Percentile by assets National rank
$121,525
Avg per participant Near avg balance/head
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Official DOL plan name: Security Agency, Inc. Employee Stock Ownership Plan · Sponsored by Decorah Bank & Trust Company · Iowa · Finance & Insurance

$13M in assets, 110 participants

Decorah Bank & Trust Company's Security Agency, Inc. Employee Stock Ownership Plan reported $13M in total assets and 110 participants in its 2023 DOL Form 5500 filing, ranking in the 65th 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.

  • #4,424 in Finance & Insurance (8,869 peers)

Coverage in Iowa

Security Agency, Inc. Employee Stock Ownership Plan covers 110 participants in Iowa, about 18% of the average Iowa filer (state average ~609 per filing). Assets: $13M.

#4,424
in Finance & Insurance (8,869 peers)
-4.2%
assets change YoY

The plan reported a net loss of $588K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Security Agency, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Security Agency, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$13,367,726 Top 35% higher than 65% 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

Security Agency, Inc. 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. Security Agency, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (110 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Security Agency, Inc. Employee Stock Ownership Plan reported net income fell from $79K in the plan year 2022 filing to -$588K in the plan year 2023 filing.
  • Security Agency, Inc. Employee Stock Ownership Plan reported participants rose from 105 in the plan year 2022 filing to 110 in the plan year 2023 filing.
  • Security Agency, Inc. Employee Stock Ownership Plan end-of-year assets fell from $14M in the plan year 2022 filing to $13M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 420515840 · Decorah Bank & Trust Company PY 2023 · ESOP

Security Agency, Inc. Employee Stock Ownership Plan · $13M · 110 · 65th

  • IND $13M
  • EOY 110
  • 5500 65th
  • ASSETS ESOP
  • PCT near Moi, Inc. Employee Stock Ownership Plan
  • EIN ind #4424

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 →

Security Agency, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Naxion, Inc. Employee Stock Ownership PlanNaxion, Inc. Employee Stock …$13MInnovative One Group, Inc. Employee Stock Ownership PlanInnovative One Group, Inc. E…$13MSecurity Agency, Inc. Employee Stock Ownership PlanSecurity Agency, Inc. Employ…$13MMoi, Inc. Employee Stock Ownership PlanMoi, Inc. Employee Stock Own…$13MBiologics Consulting Group, Inc. Employee Stock Ownership PlanBiologics Consulting Group, …$13M
End-of-year total assets ($M) among Security Agency, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Iowa filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$13M
Net Income-$588K
Employer EIN420515840
Plan Effective Date1983-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Decorah Bank & Trust Company)

Sponsor-wide plan assets over time

All Decorah Bank & Trust Company plans reported in each filing year

Latest sponsor-wide plan assets
$15M 5.716735446912527% vs 2022
2024 filing year
$13M$13.5M$14M$14.5M$15M 202220232024 $14M $14.8M ▲ +5.7%
Year Plans Participants Total Assets
2022 1 105 $14M
2023 1 110 $13M
2024 1 112 $15M

Nearby ESOP Plans in Iowa

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

Security Agency, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants Scatter plot of 6 data points. 050010001500 -20002004006008001000 Total assets ($M) Participants Security Agency, Inc. Employee Stock Ownership Plan, Total assets ($M): 13.367726 · Participants: 110Security Agency, Inc. 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
Security Agency, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants
Compare Security Agency, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Security Agency, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Iowa, the nearest ESOP by assets is Moi, Inc. Employee Stock Ownership Plan in MD ($13M); by covered participants it is Mjw Consolidated, Inc. Employee Stock Ownership Plan in FL (110 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (110 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 Security Agency, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Security Agency, Inc. Employee Stock Ownership Plan edged down modestly - down 4.2% during 2023, from $14M to $13M. Reported net income was -$588K.
How have Decorah Bank & Trust Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Decorah Bank & Trust Company's sponsor-wide assets grew 5.7%, from $14M to $15M.
Which ESOP plans are similar in size to Security Agency, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Moi, Inc. Employee Stock Ownership Plan in MD ($13M, 285 participants).
Which ESOP plans cover a similar participant headcount to Security Agency, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Mjw Consolidated, Inc. Employee Stock Ownership Plan in FL (110 participants, $57M 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 420515840.

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.