ESOP · DOL Form 5500 · 2023

Richmond Mutual Bancorporation, Inc. ESOP

Data updated 2026-08-25

$13M
Total assets Small plan by assets
151
Participants Small participant base
63rd
Percentile by assets National rank
$83,235
Avg per participant Below avg balance/head
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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.

  • #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.

#480
in Management of Enterprises (1,137 peers)
-11.0%
assets change YoY

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.

Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Management of Enterprises and all filers

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 $2,050,000,000 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

Richmond Mutual Bancorporation, 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. Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (151 participants).

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 →

Published 5500 schedule card

Filing strip 364926041 · Richmond Mutual Bancorporation, Inc. PY 2023 · ESOP

Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan · $13M · 151 · 63rd

  • IND $13M
  • EOY 151
  • 5500 63rd
  • ASSETS ESOP
  • PCT near Weighing Technologies, Inc. ESOP
  • EIN ind #480

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 Indiana →

Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Ohio Valley Electrical Services, Inc. Employee Stock Ownership PlanOhio Valley Electrical Servi…$13MRichmond Mutual Bancorporation, Inc. Employee Stock Ownership PlanRichmond Mutual Bancorporati…$13MWeighing Technologies, Inc. ESOPWeighing Technologies, Inc. …$13MJkj Employee Stock Ownership PlanJkj Employee Stock Ownership…$13MRuscilli Construction Co., LLC. Employee Stock Ownership PlanRuscilli Construction Co., L…$13M
End-of-year total assets ($M) among Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

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.)

Sponsor-wide plan assets over time

All Richmond Mutual Bancorporation, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$15M 9.103869647999868% vs 2022
2024 filing year
$12M$13M$14M$15M$16M 202220232024 $14.1M $15.4M ▲ +9.1%
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 ($B) Participants Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.012568492 · Participants: 151Richmond Mutual Bancorporation, Inc. Employee Stock Ownership PlanJasper Holdings, Inc Employee Stock Ownership Plan and Trust, Total assets ($B): 1.921766853 · Participants: 3535Jasper Holdings, Inc Employee Stock Ownership Plan and TrustUrschel Laboratories Employee Stock Ownership Plan, Total assets ($B): 0.36648086 · Participants: 487Urschel Laboratories Employee Stock Ownership PlanNibco Inc. Employee Stock Ownership Plan, Total assets ($B): 0.364505967 · Participants: 1242Nibco Inc. Employee Stock Ownership PlanSuperior Industrial Solutions, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.138902309 · Participants: 363Superior Industrial Solutions, Inc. Employee Stock Ownership PlanDucharme, Mcmillen & Associates, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.135390454 · Participants: 558Ducharme, Mcmillen & Associates, Inc. Employee Stock Ownership Plan
Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Indiana, assets vs. participants
Compare Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Indiana, the nearest ESOP by assets is Weighing Technologies, Inc. ESOP in TX ($13M); by covered participants it is Ata Engineering, Inc. Employee Stock Ownership Plan in CA (151 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (151 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 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).
Which ESOP plans cover a similar participant headcount to Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Ata Engineering, Inc. Employee Stock Ownership Plan in CA (151 participants, $17M 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 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.