ESOP · DOL Form 5500 · 2023

Northeast Bank ESOP ESOP

Data updated 2026-08-25

$11M
Total assets Small plan by assets
69
Participants Small participant base
60th
Percentile by assets National rank
$153,840
Avg per participant Above avg balance/head
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Official DOL plan name: Northeast Bank Employee Stock Ownership Plan · Sponsored by Northeast Bank ESOP · Minnesota · Finance & Insurance

$11M in assets, 69 participants

Northeast Bank ESOP's Northeast Bank Employee Stock Ownership Plan reported $11M in total assets and 69 participants in its 2023 DOL Form 5500 filing, ranking in the 60th 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.

  • #3,964 in Finance & Insurance (8,869 peers)

Northeast Bank ESOP multi-year trail

Northeast Bank ESOP's plans moved +19.1% in assets from 2022 to 2024; this filing shows Northeast Bank Employee Stock Ownership Plan at $11M / 69 participants.

#3,964
in Finance & Insurance (8,869 peers)
+5.8%
assets growth YoY

Northeast Bank Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Northeast Bank Employee Stock Ownership Plan vs every filed plan by assets

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

$10,614,961 Top 40% higher than 60% 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

Northeast Bank 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. Northeast Bank Employee Stock Ownership Plan is a small filing (69 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Northeast Bank Employee Stock Ownership Plan reported net income rose from -$194K in the plan year 2022 filing to $582K in the plan year 2023 filing.
  • Northeast Bank Employee Stock Ownership Plan end-of-year assets rose from $10M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • Northeast Bank Employee Stock Ownership Plan reported participants rose from 68 in the plan year 2022 filing to 69 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 410663145 · Northeast Bank ESOP PY 2023 · ESOP

Northeast Bank Employee Stock Ownership Plan · $11M · 69 · 60th

  • PCT $11M
  • PCT 69
  • PCT 60th
  • PCT ESOP
  • PCT near Schmidt & Bartelt, Inc. Employee Stock Ownership Plan
  • PCT ind #3964

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 →

Northeast Bank Employee Stock Ownership Plan in the asset neighbourhood

Keenan, Hopkins, Suder & Stowell Contractors, Inc. Employee StockKeenan, Hopkins, Suder & Sto…$11MMeasurement Incorporated Employee Stock Ownership PlanMeasurement Incorporated Emp…$11MSchmidt & Bartelt, Inc. Employee Stock Ownership PlanSchmidt & Bartelt, Inc. Empl…$11MNortheast Bank Employee Stock Ownership PlanNortheast Bank Employee Stoc…$11MBna Bank Employee Stock Ownership PlanBna Bank Employee Stock Owne…$11M
End-of-year total assets ($M) among Northeast Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Northeast Bank ESOP multi-year asset trail

Sponsor-wide plan assets over time

All Northeast Bank ESOP plans reported in each filing year

Latest sponsor-wide plan assets
$12M 19.105569018075926% vs 2022
2024 filing year
$9M$10M$11M$12M$13M 202220232024 $10M $12M ▲ +19.1%
Year Plans Participants Total Assets
2022 1 68 $10M
2023 1 69 $11M
2024 1 69 $12M

Northeast Bank ESOP filing trail (2023)

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$11M
Net Income$582K
Employer EIN410663145
Plan Effective Date2011-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Minnesota

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

Northeast Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -20002004006008001000 Total assets ($M) Participants Northeast Bank Employee Stock Ownership Plan, Total assets ($M): 10.614961 · Participants: 69Northeast Bank 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
Northeast Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Northeast Bank Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Minnesota, the nearest ESOP by assets is Schmidt & Bartelt, Inc. Employee Stock Ownership Plan in WI ($11M); by covered participants it is Oconee Savings & Loan Association Employee Stock Ownership Plan in SC (69 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (69 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 Northeast Bank Employee Stock Ownership Plan assets move in 2023? ▼
Northeast Bank Employee Stock Ownership Plan grew at a solid clip - up 5.8% during 2023, from $10M to $11M. Reported net income was $582K.
How have Northeast Bank ESOP plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Northeast Bank ESOP's sponsor-wide assets grew 19.1%, from $10M to $12M.
Which ESOP plans are similar in size to Northeast Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Schmidt & Bartelt, Inc. Employee Stock Ownership Plan in WI ($11M, 24 participants).
Which ESOP plans cover a similar participant headcount to Northeast Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Oconee Savings & Loan Association Employee Stock Ownership Plan in SC (69 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 410663145.

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.