ESOP · DOL Form 5500 · 2023
Northeast Bank ESOP ESOP
Data updated 2026-08-11
- $11M
- Total assets
- 69
- Participants
- 60th
- Percentile by assets
- $153,840
- Avg per participant
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.
- 60th percentile by assets (of 127,072 plans)
- #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.
- $11M
- total plan assets (2023 EOY)
- 69
- covered participants
- 60th
- percentile by assets (of 127,072 plans)
- $153,840
- avg assets per participant
Where Northeast Bank Employee Stock Ownership Plan sits by total assets
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
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
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.
Northeast Bank ESOP across 3 plan years on file
Across the 3 plan years Northeast Bank ESOP has on file (2022-2024), sponsor-wide plan assets have moved from $10M to $12M, a gain of 19.1%, while reported participants moved from 68 to 69 (+1.5%). Peak year by sponsor assets: 2024 ($12M); trough: 2022 ($10M).
Northeast Bank ESOP multi-year asset trail
| 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 EIN | 410663145 |
| Plan Effective Date | 2011-01-01 |
| Filing Status | FILING 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
- Andersen Corporation Employee Stock Ownership Plan $899M · 11,644
- Kingdom Enterprises, Inc. Employee Stock Ownership Plan $498M · 789
- Landscape Structures, Inc. Employee Stock Ownership Plan and Trust $432M · 446
- Hormel Foods Corporation Joint Earnings Profit Sharing Trust $432M · 4,575
- Force America Inc. Employee Stock Ownership Plan $427M · 412
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Northeast Bank Employee Stock Ownership Plan by total assets, not by location.
Frequently Asked Questions
How did Northeast Bank Employee Stock Ownership Plan assets move in 2023? ▼
How have Northeast Bank ESOP plan assets changed over time? ▼
Which ESOP plans are similar in size to Northeast Bank Employee Stock Ownership Plan? ▼
Next read for Northeast Bank Employee Stock Ownership …
Multi-year trail
Ways to act on Northeast Bank Employee Stock Ownership Plan's numbers.
- By total assets, Northeast Bank Employee Stock Ownership Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Minnesota. Compare plans
- Northeast Bank ESOP's sponsor-wide assets have grown 19.1% since 2022 across 3 plan years on file. More Finance & Insurance plans