ESOP · DOL Form 5500 · 2023

First Citizens Financial Corp ESOP

Data updated 2026-08-25

$34M
Total assets Below avg plan size
194
Participants Below avg headcount
81st
Percentile by assets National rank
$174,561
Avg per participant Above avg balance/head
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Official DOL plan name: First Citizens Financial Corp Employee Stock Ownership Plan · Sponsored by First Citizens Financial Corp · Iowa · Finance & Insurance

$34M in assets, 194 participants

First Citizens Financial Corp's First Citizens Financial Corp Employee Stock Ownership Plan reported $34M in total assets and 194 participants in its 2023 DOL Form 5500 filing, ranking in the 81st 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.

  • #6,274 in Finance & Insurance (8,869 peers)

Coverage in Iowa

First Citizens Financial Corp Employee Stock Ownership Plan covers 194 participants in Iowa, about 32% of the average Iowa filer (state average ~609 per filing). Assets: $34M.

#6,274
in Finance & Insurance (8,869 peers)
-1.6%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $549K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

First Citizens Financial Corp Employee Stock Ownership Plan's outsized position by total assets

First Citizens Financial Corp Employee Stock Ownership Plan vs every filed plan by assets

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

$33,864,899 Top 19% higher than 81% 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

First Citizens Financial Corp Employee Stock Ownership 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. First Citizens Financial Corp Employee Stock Ownership Plan sits mid-pack in the medium band (194 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First Citizens Financial Corp Employee Stock Ownership Plan reported net income fell from $130K in the plan year 2022 filing to -$549K in the plan year 2023 filing.
  • First Citizens Financial Corp Employee Stock Ownership Plan reported participants rose from 186 in the plan year 2022 filing to 194 in the plan year 2023 filing.
  • First Citizens Financial Corp Employee Stock Ownership Plan end-of-year assets fell from $34M in the plan year 2022 filing to $34M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 421113318 · First Citizens Financial Corp PY 2023 · ESOP

First Citizens Financial Corp Employee Stock Ownership Plan · $34M · 194 · 81st

  • PHOTO $34M
  • PHOTO 194
  • PHOTO 81st
  • PHOTO ESOP
  • PHOTO near Tech Systems, Inc. Employee Stock Ownership Plan
  • PHOTO ind #6274

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 Citizens Financial Corp Employee Stock Ownership Plan in the asset neighbourhood

Emerald Asset Management Employee Stock Ownership PlanEmerald Asset Management Emp…$34MTech Systems, Inc. Employee Stock Ownership PlanTech Systems, Inc. Employee …$34MT.W. Frierson Contractor, Inc. Employee Stock Ownership PlanT.W. Frierson Contractor, In…$34MFirst Citizens Financial Corp Employee Stock Ownership PlanFirst Citizens Financial Cor…$34MSavanna Industries Employee Stock Ownership PlanSavanna Industries Employee …$34M
End-of-year total assets ($M) among First Citizens Financial Corp Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Iowa filing particulars

Total Assets (Beginning of Year)$34M
Net Assets (End of Year)$34M
Net Income-$549K
Employer EIN421113318
Plan Effective Date1991-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Citizens Financial Corp)

Sponsor-wide plan assets over time

All First Citizens Financial Corp plans reported in each filing year

Latest sponsor-wide plan assets
$77M 19.81414810302251% vs 2022
2024 filing year
$60M$65M$70M$75M$80M 202220232024 $64.5M $77.2M ▲ +19.8%
Year Plans Participants Total Assets
2022 2 389 $64M
2023 2 415 $69M
2024 2 413 $77M

Nearby ESOP Plans in Iowa

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

First Citizens Financial Corp Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants Scatter plot of 6 data points. 020040060080010001200 -20002004006008001000 Total assets ($M) Participants First Citizens Financial Corp Employee Stock Ownership Plan, Total assets ($M): 33.864899 · Participants: 194First Citizens Financial Corp Employee Stock Ownership PlanEmployee Owned Brands, Inc. Employee Stock Ownership Plan, Total assets ($M): 863.986659 · Participants: 802Employee Owned Brands, Inc. Employee Stock Ownership PlanVan Meter Industrial, Inc. Employee Stock Ownership Plan, Total assets ($M): 596.09835 · Participants: 801Van Meter Industrial, Inc. Employee Stock Ownership PlanPrecision, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 438.062674 · Participants: 667Precision, Inc. Employee Stock Ownership Plan and TrustIta Group Holdings, Inc. Employees' Stock Ownership Plan, Total assets ($M): 427.790025 · Participants: 771Ita Group Holdings, Inc. Employees' Stock Ownership PlanVgm Group, Inc. Employee Stock Ownership Plan, Total assets ($M): 405.931426 · Participants: 1070Vgm Group, Inc. Employee Stock Ownership Plan
First Citizens Financial Corp Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants
Compare First Citizens Financial Corp Employee Stock Ownership Plan side-by-side with 3 peers →

First Citizens Financial Corp Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Iowa, the nearest ESOP by assets is Tech Systems, Inc. Employee Stock Ownership Plan in GA ($34M); by covered participants it is Threaded Fasteners, Inc. Employee Stock Ownership Plan and Trust in AL (194 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (194 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 First Citizens Financial Corp Employee Stock Ownership Plan assets move in 2023? ▼
First Citizens Financial Corp Employee Stock Ownership Plan edged down modestly - down 1.6% during 2023, from $34M to $34M. Reported net income was -$549K.
How have First Citizens Financial Corp plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Citizens Financial Corp's sponsor-wide assets grew 19.8%, from $64M to $77M.
Where does First Citizens Financial Corp Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
First Citizens Financial Corp Employee Stock Ownership Plan ranks in the 81st 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 ESOP plans are similar in size to First Citizens Financial Corp Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Tech Systems, Inc. Employee Stock Ownership Plan in GA ($34M, 325 participants).
Which ESOP plans cover a similar participant headcount to First Citizens Financial Corp Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Threaded Fasteners, Inc. Employee Stock Ownership Plan and Trust in AL (194 participants, $37M 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 421113318.

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.