ESOP · DOL Form 5500 · 2022

First Security State Bank ESOP

Data updated 2026-08-25

$2M
Total assets Small plan by assets
20
Participants Small participant base
35th
Percentile by assets National rank
$111,748
Avg per participant Below avg balance/head
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Official DOL plan name: First Security State Bank 401(k) Employee Stock Ownership Plan · Sponsored by First Security State Bank · Iowa · Finance & Insurance

$2M in assets, 20 participants

First Security State Bank's First Security State Bank 401(k) Employee Stock Ownership Plan reported $2M in total assets and 20 participants in its 2022 DOL Form 5500 filing, ranking in the 35th 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.

  • #2,223 in Finance & Insurance (9,261 peers)

2022 asset change

First Security State Bank 401(k) Employee Stock Ownership Plan pulled back noticeably 13.7% in 2022 ($3M → $2M) for 20 participants.

#2,223
in Finance & Insurance (9,261 peers)
-13.7%
assets change YoY

The plan reported a net loss of $355K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

First Security State Bank 401(k) Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

First Security State Bank 401(k) Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$2,234,957 35th percentile higher than 35% of 139,123 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 2022

First Security State Bank 401(k) Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Security State Bank 401(k) Employee Stock Ownership Plan is a small filing (20 participants) on this national headcount ladder.

Published 5500 schedule card

Filing strip 420864710 · First Security State Bank PY 2022 · ESOP

First Security State Bank 401(k) Employee Stock Ownership Plan · $2M · 20 · 35th

  • ASSETS $2M
  • PCT 20
  • EIN 35th
  • RANK ESOP
  • PHOTO near Adelante Consulting, Inc. Employee Stock Ownership Plan
  • IND ind #2223

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 →

First Security State Bank 401(k) Employee Stock Ownership Plan in the asset neighbourhood

Dycast Specialties Corporation Employee Stock Ownership Plan and TrustDycast Specialties Corporati…$2MFirst Security State Bank 401(k) Employee Stock Ownership PlanFirst Security State Bank 40…$2MAdelante Consulting, Inc. Employee Stock Ownership PlanAdelante Consulting, Inc. Em…$2MPartners Bank of Wisconsin Employee Stock Ownership PlanPartners Bank of Wisconsin E…$2MRhoads Co. Employee Stock Ownership PlanRhoads Co. Employee Stock Ow…$2M
End-of-year total assets ($M) among First Security State Bank 401(k) Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

First Security State Bank years around the 2022 move

Sponsor-wide plan assets over time

All First Security State Bank plans reported in each filing year

Latest sponsor-wide plan assets
$2M 4.155963627040699% vs 2022
2024 filing year
$2.1M$2.2M$2.3M$2.4M 202220232024 $2.23M $2.33M ▲ +4.5%
Year Plans Participants Total Assets
2022 1 20 $2M
2023 1 20 $2M
2024 1 18 $2M

2022 asset-move particulars

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$2M
Net Income-$355K
Employer EIN420864710
Plan Effective Date1983-12-28
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Iowa

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

First Security State Bank 401(k) Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants Scatter plot of 6 data points. -10000100020003000 -2000200400600800 Total assets ($M) Participants First Security State Bank 401(k) Employee Stock Ownership Plan, Total assets ($M): 2.234957 · Participants: 20First Security State Bank 401(k) Employee Stock Ownership PlanEmployee Owned Brands, Inc. Employee Stock Ownership Plan, Total assets ($M): 685.782673 · Participants: 781Employee Owned Brands, Inc. Employee Stock Ownership PlanVan Meter Industrial, Inc. Employee Stock Ownership Plan, Total assets ($M): 437.278096 · Participants: 774Van Meter Industrial, Inc. Employee Stock Ownership PlanPrecision, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 402.726302 · Participants: 645Precision, Inc. Employee Stock Ownership Plan and TrustIta Group Holdings, Inc. Employees' Stock Ownership Plan, Total assets ($M): 382.93662 · Participants: 643Ita Group Holdings, Inc. Employees' Stock Ownership PlanAnnett Holdings, Inc. Employee Stock Ownership Plan & Trust, Total assets ($M): 362.257753 · Participants: 2582Annett Holdings, Inc. Employee Stock Ownership Plan & Trust
First Security State Bank 401(k) Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants
Compare First Security State Bank 401(k) Employee Stock Ownership Plan side-by-side with 3 peers →

First Security State 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 Adelante Consulting, Inc. Employee Stock Ownership Plan in NM ($2M); by covered participants it is Mckenzie Supply Company Employee Stock Ownership Plan in NC (20 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (20 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did First Security State Bank 401(k) Employee Stock Ownership Plan assets move in 2022? ▼
First Security State Bank 401(k) Employee Stock Ownership Plan pulled back noticeably - down 13.7% during 2022, from $3M to $2M. Reported net income was -$355K.
How have First Security State Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Security State Bank's sponsor-wide assets grew 4.2%, from $2M to $2M.
Which ESOP plans are similar in size to First Security State Bank 401(k) Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Adelante Consulting, Inc. Employee Stock Ownership Plan in NM ($2M, 12 participants).
Which ESOP plans cover a similar participant headcount to First Security State Bank 401(k) 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 (20 participants, $4M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 420864710.

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.