ESOP · DOL Form 5500 · 2023

Richmond Mutual Bancorporation, Inc. ESOP

Data updated 2026-08-11

$13M
Total assets
151
Participants
63rd
Percentile by assets
$83,235
Avg per participant
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Official DOL plan name: Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan · Sponsored by Richmond Mutual Bancorporation, Inc. · Indiana · Management of Enterprises

$13M in assets, 151 participants

Richmond Mutual Bancorporation, Inc.'s Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan reported $13M in total assets and 151 participants in its 2023 DOL Form 5500 filing, ranking in the 63rd 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.

  • 63rd percentile by assets (of 127,072 plans)
  • #480 in Management of Enterprises (1,137 peers)

Coverage in Indiana

Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan covers 151 participants in Indiana, about 28% of the average Indiana filer (state average ~541 per filing). Assets: $13M.

$13M
total plan assets (2023 EOY)
151
covered participants
63rd
percentile by assets (of 127,072 plans)
$83,235
avg assets per participant

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan sits by total assets

Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$12,568,492 Top 37% higher than 63% of 127,068 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan reported net income rose from -$3M in the plan year 2022 filing to -$1M in the plan year 2023 filing.
  • Richmond Mutual Bancorporation, 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.
  • Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan reported participants rose from 144 in the plan year 2022 filing to 151 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Indiana
Industry
Management of Enterprises

Participants vs Indiana filers

In Indiana, the average filing covers about 541 participants across 2,302 plans. Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan reports 151 participants - about 28% of that state average ($13M EOY assets).

Indiana filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)-$92K
Net Income-$1M
Employer EIN364926041
Plan Effective Date2019-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Richmond Mutual Bancorporation, Inc.)

$12M$13M$14M$15M$16M 202220232024 $14.1M $15.4M ▲ +9.1%
Total plan assets by year, all Richmond Mutual Bancorporation, Inc. plans on file
Year Plans Participants Total Assets
2022 1 144 $14M
2023 1 151 $13M
2024 1 162 $15M

Nearby ESOP Plans in Indiana

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

Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Indiana, assets vs. participants Scatter plot of 6 data points. -100001000200030004000 -0.500.511.522.5 Total assets ($B) Participants Richmond Mutual Banc…, Total assets ($B): 0.012568492 · Participants: 151Richmond Mutual Banc…Jasper Holdings, Inc…, Total assets ($B): 1.921766853 · Participants: 3535Jasper Holdings, Inc…Urschel Laboratories…, Total assets ($B): 0.36648086 · Participants: 487Urschel Laboratories…Nibco Inc. Employee …, Total assets ($B): 0.364505967 · Participants: 1242Nibco Inc. Employee …Superior Industrial …, Total assets ($B): 0.138902309 · Participants: 363Superior Industrial …Ducharme, Mcmillen &…, Total assets ($B): 0.135390454 · Participants: 558Ducharme, Mcmillen &…
Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Indiana, assets vs. participants
Compare Richmond Mutual Bancorporation, Inc. Emp… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan by total assets, not by location.

Frequently Asked Questions

How did Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan pulled back noticeably - down 11.0% during 2023, from $14M to $13M. Reported net income was -$1M.
How have Richmond Mutual Bancorporation, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Richmond Mutual Bancorporation, Inc.'s sponsor-wide assets grew 9.1%, from $14M to $15M.
Which ESOP plans are similar in size to Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Weighing Technologies, Inc. ESOP in TX ($13M, 32 participants).

Next read for Richmond Mutual Bancorporation, Inc. Emp…

Filing takeaways

Ways to act on Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan's numbers.

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 364926041.

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.