401(k) · DOL Form 5500 · 2023

American Federal Bank 401(k) Plan

Data updated 2026-08-25

$25M
Total assets Below avg plan size
123
Participants Small participant base
77th
Percentile by assets National rank
$204,233
Avg per participant Above avg balance/head
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Official DOL plan name: American Federal Bank 401(k) Profit Sharing Plan · Sponsored by American Federal Bank · North Dakota · Finance & Insurance

$25M in assets, 123 participants

American Federal Bank's American Federal Bank 401(k) Profit Sharing Plan reported $25M in total assets and 123 participants in its 2023 DOL Form 5500 filing, ranking in the 77th 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.

  • #5,704 in Finance & Insurance (8,869 peers)

Coverage in North Dakota

American Federal Bank 401(k) Profit Sharing Plan covers 123 participants in North Dakota, about 24% of the average North Dakota filer (state average ~504 per filing). Assets: $25M.

#5,704
in Finance & Insurance (8,869 peers)
+27.7%
assets growth YoY
0.3×
vs typical plan assets (national mean)

American Federal Bank 401(k) Profit Sharing Plan's outsized position by total assets

American Federal Bank 401(k) Profit Sharing Plan vs every filed plan by assets

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

$25,120,613 Top 23% higher than 77% 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

American Federal Bank 401(k) Profit Sharing 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. American Federal Bank 401(k) Profit Sharing Plan sits mid-pack in the medium band (123 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • American Federal Bank 401(k) Profit Sharing Plan reported net income rose from -$7M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • American Federal Bank 401(k) Profit Sharing Plan end-of-year assets rose from $20M in the plan year 2022 filing to $25M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 410229822 · American Federal Bank PY 2023 · 401(k)

American Federal Bank 401(k) Profit Sharing Plan · $25M · 123 · 77th

  • ASSETS $25M
  • PCT 123
  • EIN 77th
  • RANK 401(k)
  • PHOTO near Jdrc Managed Services, LLC 401(k) Plan
  • IND ind #5704

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 Finance & Insurance retirement plans → · Plans in North Dakota →

American Federal Bank 401(k) Profit Sharing Plan in the asset neighbourhood

American Federal Bank 401(k) Profit Sharing PlanAmerican Federal Bank 401(k)…$25MJdrc Managed Services, LLC 401(k) PlanJdrc Managed Services, LLC 4…$25MPioneer Technical Services, Inc. 401(k) Profit Sharing PlanPioneer Technical Services, …$25MAspen Surgical Products Holdings, Inc. 401(k) PlanAspen Surgical Products Hold…$25MTerraphase Engineering 401(k) PlanTerraphase Engineering 401(k…$25M
End-of-year total assets ($M) among American Federal Bank 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Dakota filing particulars

Total Assets (Beginning of Year)$20M
Net Assets (End of Year)$25M
Net Income$5M
Employer EIN410229822
Plan Effective Date1968-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (American Federal Bank)

Sponsor-wide plan assets over time

All American Federal Bank plans reported in each filing year

Latest sponsor-wide plan assets
$45M 23.293767231051575% vs 2022
2024 filing year
$35M$40M$45M$50M 202220232024 $36.1M $44.5M ▲ +23.3%
Year Plans Participants Total Assets
2022 2 232 $36M
2023 2 230 $40M
2024 2 245 $45M

Nearby 401(k) Plans in North Dakota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

American Federal Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -101234 Total assets ($B) Participants American Federal Bank 401(k) Profit Sharing Plan, Total assets ($B): 0.025120613 · Participants: 123American Federal Bank 401(k) Profit Sharing PlanSanford Retirement Savings Plan, Total assets ($B): 3.110361496 · Participants: 30495Sanford Retirement Savings PlanMdu Resources Group, Inc. 401(k) Retirement Plan, Total assets ($B): 0.829880488 · Participants: 8551Mdu Resources Group, Inc. 401(k) Retirement PlanKnife River Corporation 401(k) Retirement Plan, Total assets ($B): 0.7412361 · Participants: 5269Knife River Corporation 401(k) Retirement PlanDakotas Areawide IBEW-NECA Savings and Retirement Plan, Total assets ($B): 0.521170291 · Participants: 3853Dakotas Areawide IBEW-NECA Savings and Retirement PlanEide Bailly LLP 401(k) Profit Sharing Plan, Total assets ($B): 0.512524705 · Participants: 2920Eide Bailly LLP 401(k) Profit Sharing Plan
American Federal Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants
Compare American Federal Bank 401(k) Profit Sharing Plan side-by-side with 3 peers →

American Federal Bank 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside North Dakota, the nearest 401(k) by assets is Jdrc Managed Services, LLC 401(k) Plan in IL ($25M); by covered participants it is Sunchase Salary Savings Plan in NC (123 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (123 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 American Federal Bank 401(k) Profit Sharing Plan assets move in 2023? ▼
American Federal Bank 401(k) Profit Sharing Plan grew sharply - up 27.7% during 2023, from $20M to $25M. Reported net income was $5M.
How have American Federal Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), American Federal Bank's sponsor-wide assets grew 23.3%, from $36M to $45M.
Where does American Federal Bank 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
American Federal Bank 401(k) Profit Sharing Plan ranks in the 77th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to American Federal Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Jdrc Managed Services, LLC 401(k) Plan in IL ($25M, 2,705 participants).
Which 401(k) plans cover a similar participant headcount to American Federal Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Sunchase Salary Savings Plan in NC (123 participants, $2M 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 410229822.

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.