ESOP · DOL Form 5500 · 2023

Western National Bank ESOP

Data updated 2026-08-25

$1M
Total assets Small plan by assets
21
Participants Small participant base
24th
Percentile by assets National rank
$47,699
Avg per participant Low balance/head
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Official DOL plan name: Western National Bank and Affiliates Employee Stock Ownership Plan · Sponsored by Western National Bank · Minnesota · Finance & Insurance

$1M in assets, 21 participants

Western National Bank's Western National Bank and Affiliates Employee Stock Ownership Plan reported $1M in total assets and 21 participants in its 2023 DOL Form 5500 filing, ranking in the 24th 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.

  • #1,350 in Finance & Insurance (8,869 peers)

What the 2023 filing shows

Western National Bank and Affiliates Employee Stock Ownership Plan holds $1M for 21 participants - about $47,699 per participant, among the smaller plans by assets on file.

#1,350
in Finance & Insurance (8,869 peers)
-5.8%
assets change YoY

The plan reported a net loss of $62K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Western National Bank and Affiliates Employee Stock Ownership Plan among the smaller filed plans by assets

Western National Bank and Affiliates Employee Stock Ownership Plan vs every filed plan by assets

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

$1,001,670 24th percentile higher than 24% 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

Western National Bank and Affiliates 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. Western National Bank and Affiliates Employee Stock Ownership Plan is a small filing (21 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Western National Bank and Affiliates Employee Stock Ownership Plan reported participants fell from 24 in the plan year 2022 filing to 21 in the plan year 2023 filing.
  • Western National Bank and Affiliates Employee Stock Ownership Plan end-of-year assets fell from $1M in the plan year 2022 filing to $1M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 410607570 · Western National Bank PY 2023 · ESOP

Western National Bank and Affiliates Employee Stock Ownership Plan · $1M · 21 · 24th

  • EBSA $1M
  • PART 21
  • TYPE 24th
  • NET ESOP
  • BOOK near Rdc Services, Inc. Employee Stock Ownership Plan
  • VS-ST ind #1350

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 Minnesota →

Western National Bank and Affiliates Employee Stock Ownership Plan in the asset neighbourhood

Western National Bank and Affiliates Employee Stock Ownership PlanWestern National Bank and Af…$1MRdc Services, Inc. Employee Stock Ownership PlanRdc Services, Inc. Employee …$1MAlen Corporation Employee Stock Ownership PlanAlen Corporation Employee St…$1MClark Bros., Inc. Employee Stock Ownership PlanClark Bros., Inc. Employee S…$1M1st Pet Employee Stock Ownership Plan1st Pet Employee Stock Owner…$1M
End-of-year total assets ($M) among Western National Bank and Affiliates Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Filing particulars (2023)

Total Assets (Beginning of Year)$1M
Net Assets (End of Year)$1M
Net Income-$62K
Employer EIN410607570
Plan Effective Date2005-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Western National Bank)

Sponsor-wide plan assets over time

All Western National Bank plans reported in each filing year

Latest sponsor-wide plan assets
$996K 6.398276244589763% vs 2022
2024 filing year
$0.98M$1M$1.02M$1.04M$1.06M$1.08M 202220232024 $1.06M $1M ▼ -5.7%
Year Plans Participants Total Assets
2022 1 24 $1M
2023 1 21 $1M
2024 1 25 $996K

Nearby ESOP Plans in Minnesota

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

Western National Bank and Affiliates Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -20002004006008001000 Total assets ($M) Participants Western National Bank and Affiliates Employee Stock Ownership Plan, Total assets ($M): 1.00167 · Participants: 21Western National Bank and Affiliates Employee Stock Ownership PlanAndersen Corporation Employee Stock Ownership Plan, Total assets ($M): 899.073238 · Participants: 11644Andersen Corporation Employee Stock Ownership PlanKingdom Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 497.538965 · Participants: 789Kingdom Enterprises, Inc. Employee Stock Ownership PlanLandscape Structures, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 432.374379 · Participants: 446Landscape Structures, Inc. Employee Stock Ownership Plan and TrustHormel Foods Corporation Joint Earnings Profit Sharing Trust, Total assets ($M): 431.874919 · Participants: 4575Hormel Foods Corporation Joint Earnings Profit Sharing TrustForce America Inc. Employee Stock Ownership Plan, Total assets ($M): 426.610266 · Participants: 412Force America Inc. Employee Stock Ownership Plan
Western National Bank and Affiliates Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Western National Bank and Affiliates Employee Stock Ownership Plan side-by-side with 3 peers →

Western National Bank and Affiliates Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is Rdc Services, Inc. Employee Stock Ownership Plan in AZ ($1M); by covered participants it is Mckenzie Supply Company Employee Stock Ownership Plan in NC (21 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (21 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 Western National Bank and Affiliates Employee Stock Ownership Plan assets move in 2023? ▼
Western National Bank and Affiliates Employee Stock Ownership Plan pulled back noticeably - down 5.8% during 2023, from $1M to $1M. Reported net income was -$62K.
How have Western National Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Western National Bank's sponsor-wide assets declined 6.4%, from $1M to $996K.
Where does Western National Bank and Affiliates Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Western National Bank and Affiliates Employee Stock Ownership Plan ranks in the 24th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which ESOP plans are similar in size to Western National Bank and Affiliates Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Rdc Services, Inc. Employee Stock Ownership Plan in AZ ($1M, 21 participants).
Which ESOP plans cover a similar participant headcount to Western National Bank and Affiliates Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Mckenzie Supply Company Employee Stock Ownership Plan in NC (21 participants, $5M 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 410607570.

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.