ESOP · DOL Form 5500 · 2023
Bank 1st ESOP
Data updated 2026-08-25
- $2M
- Total assets Small plan by assets
- 20
- Participants Small participant base
- 33rd
- Percentile by assets National rank
- $121,432
- Avg per participant Near avg balance/head
Official DOL plan name: Bank 1st Employee Stock Ownership Plan · Sponsored by Bank 1st · Iowa · Finance & Insurance
$2M in assets, 20 participants
Bank 1st's Bank 1st Employee Stock Ownership Plan reported $2M in total assets and 20 participants in its 2023 DOL Form 5500 filing, ranking in the 33rd 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.
- #2,010 in Finance & Insurance (8,869 peers)
What the 2023 filing shows
Bank 1st Employee Stock Ownership Plan holds $2M for 20 participants - about $121,432 per participant, in the lower half of filed plans by assets.
- #2,010
- in Finance & Insurance (8,869 peers)
- -1.9%
- assets change YoY
Bank 1st Employee Stock Ownership Plan among the smaller filed plans by assets
Bank 1st Employee Stock Ownership Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$2,428,636 33rd percentile higher than 33% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Bank 1st Employee Stock Ownership Plan among smaller filed plans by headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bank 1st Employee Stock Ownership Plan is a small filing (20 participants) on this national headcount ladder.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Bank 1st Employee Stock Ownership Plan reported net income fell from $260K in the plan year 2022 filing to $52K in the plan year 2023 filing.
- Bank 1st Employee Stock Ownership Plan end-of-year assets fell from $2M in the plan year 2022 filing to $2M in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 420253320 · Bank 1st PY 2023 · ESOP
Bank 1st Employee Stock Ownership Plan · $2M · 20 · 33rd
- TYPE $2M
- NET 20
- BOOK 33rd
- VS-ST ESOP
- BOY near Busch Products, Inc. Employee Stock Ownership Plan
- SCH ind #2010
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 →
Bank 1st Employee Stock Ownership Plan in the asset neighbourhood
Filing particulars (2023)
| Total Assets (Beginning of Year) | $2M |
|---|---|
| Net Assets (End of Year) | $2M |
| Net Income | $52K |
| Employer EIN | 420253320 |
| Plan Effective Date | 2016-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Bank 1st)
Sponsor-wide plan assets over time
All Bank 1st plans reported in each filing year
- Latest sponsor-wide plan assets
- $3M 1.5372778980137096% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 20 | $2M |
| 2023 | 1 | 20 | $2M |
| 2024 | 1 | 17 | $3M |
Nearby ESOP Plans in Iowa
Peer ESOP plans, same state, same plan type, ranked by total assets.
- Employee Owned Brands, Inc. Employee Stock Ownership Plan $864M · 802
- Van Meter Industrial, Inc. Employee Stock Ownership Plan $596M · 801
- Precision, Inc. Employee Stock Ownership Plan and Trust $438M · 667
- Ita Group Holdings, Inc. Employees' Stock Ownership Plan $428M · 771
- Vgm Group, Inc. Employee Stock Ownership Plan $406M · 1,070
Bank 1st Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount
Outside Iowa, the nearest ESOP by assets is Busch Products, Inc. Employee Stock Ownership Plan in NY ($2M); by covered participants it is The Financial Consulate Employee Stock Ownership Plan in MD (20 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2M here).
- Busch Products, Inc. Employee Stock Ownership Plan (NY) $2M · 74
- Jabara Carpet Outlet, Inc. Employee Stock Ownership Plan (KS) $2M · 32
- First Robinson Financial Corporation Employee Stock Ownership Plan (IL) $2M · 68
- Taylor & Syfan Consulting Engineers Incorporated Employee Stock Ownership Plan (CA) $2M · 32
Similar participant headcount
Nearest other-state filings by covered participants (20 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.