ESOP · DOL Form 5500 · 2023

Premier Bank ESOP

Data updated 2026-08-25

$15M
Total assets Small plan by assets
37
Participants Small participant base
67th
Percentile by assets National rank
$407,958
Avg per participant High balance/head
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Official DOL plan name: Premier Bank 401(k) Employee Stock Ownership Plan · Sponsored by Premier Bank · Iowa · Finance & Insurance

$15M in assets, 37 participants

Premier Bank's Premier Bank 401(k) Employee Stock Ownership Plan reported $15M in total assets and 37 participants in its 2023 DOL Form 5500 filing, ranking in the 67th 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.

  • #4,651 in Finance & Insurance (8,869 peers)

2023 asset change

Premier Bank 401(k) Employee Stock Ownership Plan grew at a solid clip 9.0% in 2023 ($14M → $15M) for 37 participants.

#4,651
in Finance & Insurance (8,869 peers)
+9.0%
assets growth YoY

Premier Bank 401(k) Employee Stock Ownership Plan's outsized position by total assets

Premier Bank 401(k) Employee Stock Ownership Plan vs every filed plan by assets

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

$15,094,436 Top 33% higher than 67% 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

Premier Bank 401(k) 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. Premier Bank 401(k) Employee Stock Ownership Plan is a small filing (37 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Premier Bank 401(k) Employee Stock Ownership Plan reported net income rose from -$96K in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Premier Bank 401(k) Employee Stock Ownership Plan reported participants fell from 44 in the plan year 2022 filing to 37 in the plan year 2023 filing.
  • Premier Bank 401(k) Employee Stock Ownership Plan end-of-year assets rose from $14M in the plan year 2022 filing to $15M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 421476537 · Premier Bank PY 2023 · ESOP

Premier Bank 401(k) Employee Stock Ownership Plan · $15M · 37 · 67th

  • 5500 $15M
  • ASSETS 37
  • PCT 67th
  • EIN ESOP
  • RANK near Employee Stock Ownership Plan of Westfield Financial, Inc.
  • PHOTO ind #4651

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 →

Premier Bank 401(k) Employee Stock Ownership Plan in the asset neighbourhood

Indiana Professional Management Group, Inc. Employee Stock Ownership PlanIndiana Professional Managem…$15MAbsher Holding Co. Employee Stock Ownership PlanAbsher Holding Co. Employee …$15MPremier Bank 401(k) Employee Stock Ownership PlanPremier Bank 401(k) Employee…$15MEmployee Stock Ownership Plan of Westfield Financial, Inc.Employee Stock Ownership Pla…$15MBrewer & Company of West Virginia, Inc. Employee Stock Ownership PlanBrewer & Company of West Vir…$15M
End-of-year total assets ($M) among Premier Bank 401(k) Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Premier Bank years around the 2023 move

Sponsor-wide plan assets over time

All Premier Bank plans reported in each filing year

Latest sponsor-wide plan assets
$15M 8.956587821352738% vs 2022
2023 filing year
$13.5M$14M$14.5M$15M$15.5M 20222023 $13.9M $15.1M ▲ +9.0%
Year Plans Participants Total Assets
2022 1 44 $14M
2023 1 37 $15M

2023 asset-move particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$15M
Net Income$1M
Employer EIN421476537
Plan Effective Date2005-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Iowa

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

Premier Bank 401(k) Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants Scatter plot of 6 data points. -500050010001500 -20002004006008001000 Total assets ($M) Participants Premier Bank 401(k) Employee Stock Ownership Plan, Total assets ($M): 15.094436 · Participants: 37Premier Bank 401(k) 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
Premier Bank 401(k) Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants
Compare Premier Bank 401(k) Employee Stock Ownership Plan side-by-side with 3 peers →

Premier Bank 401(k) Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Iowa, the nearest ESOP by assets is Employee Stock Ownership Plan of Westfield Financial, Inc. in MA ($15M); by covered participants it is Alexander Clark, Inc. Employee Stock Ownership Plan and Trust in ID (37 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (37 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 Premier Bank 401(k) Employee Stock Ownership Plan assets move in 2023? ▼
Premier Bank 401(k) Employee Stock Ownership Plan grew at a solid clip - up 9.0% during 2023, from $14M to $15M. Reported net income was $1M.
How have Premier Bank plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), Premier Bank's sponsor-wide assets grew 9.0%, from $14M to $15M.
Which ESOP plans are similar in size to Premier Bank 401(k) Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Employee Stock Ownership Plan of Westfield Financial, Inc. in MA ($15M, 263 participants).
Which ESOP plans cover a similar participant headcount to Premier Bank 401(k) Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Alexander Clark, Inc. Employee Stock Ownership Plan and Trust in ID (37 participants, $4M 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 421476537.

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.