ESOP · DOL Form 5500 · 2023

Hmn Financial, Inc. ESOP

Data updated 2026-08-25

$11M
Total assets Small plan by assets
148
Participants Small participant base
61st
Percentile by assets National rank
$74,908
Avg per participant Below avg balance/head
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Official DOL plan name: Hmn Financial, Inc. Employee Stock Ownership Plan · Sponsored by Hmn Financial, Inc. · Minnesota · Finance & Insurance

$11M in assets, 148 participants

Hmn Financial, Inc.'s Hmn Financial, Inc. Employee Stock Ownership Plan reported $11M in total assets and 148 participants in its 2023 DOL Form 5500 filing, ranking in the 61st 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.

  • #4,042 in Finance & Insurance (8,869 peers)

Coverage in Minnesota

Hmn Financial, Inc. Employee Stock Ownership Plan covers 148 participants in Minnesota, about 13% of the average Minnesota filer (state average ~1,126 per filing). Assets: $11M.

#4,042
in Finance & Insurance (8,869 peers)
+5.0%
assets growth YoY

Hmn Financial, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Hmn Financial, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$11,086,437 Top 39% higher than 61% 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

Hmn Financial, Inc. 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. Hmn Financial, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (148 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Hmn Financial, Inc. Employee Stock Ownership Plan reported net income rose from -$2M in the plan year 2022 filing to $884K in the plan year 2023 filing.
  • Hmn Financial, Inc. Employee Stock Ownership Plan reported participants fell from 157 in the plan year 2022 filing to 148 in the plan year 2023 filing.
  • Hmn Financial, Inc. Employee Stock Ownership Plan end-of-year assets rose from $11M in the plan year 2022 filing to $11M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 411777397 · Hmn Financial, Inc. PY 2023 · ESOP

Hmn Financial, Inc. Employee Stock Ownership Plan · $11M · 148 · 61st

  • EBSA $11M
  • EBSA 148
  • EBSA 61st
  • EBSA ESOP
  • EBSA near Atap, Inc. Employee Stock Ownership Plan
  • EBSA ind #4042

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 →

Hmn Financial, Inc. Employee Stock Ownership Plan in the asset neighbourhood

High Touch Holdings, Inc Employees Stock Ownership PlanHigh Touch Holdings, Inc Emp…$11MHmn Financial, Inc. Employee Stock Ownership PlanHmn Financial, Inc. Employee…$11MAtap, Inc. Employee Stock Ownership PlanAtap, Inc. Employee Stock Ow…$11MTile Outlets of America Employee Stock Ownership PlanTile Outlets of America Empl…$11MCalifornia Shower Door Employee Stock Ownership PlanCalifornia Shower Door Emplo…$11M
End-of-year total assets ($M) among Hmn Financial, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$9M
Net Income$884K
Employer EIN411777397
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Hmn Financial, Inc.)

Sponsor-wide plan assets over time

All Hmn Financial, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$9M 12.974218965359032% vs 2022
2024 filing year
$9M$10M$11M$12M 202220232024 $10.6M $9.19M ▼ -13.0%
Year Plans Participants Total Assets
2022 1 157 $11M
2023 1 148 $11M
2024 1 151 $9M

Nearby ESOP Plans in Minnesota

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

Hmn Financial, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -20002004006008001000 Total assets ($M) Participants Hmn Financial, Inc. Employee Stock Ownership Plan, Total assets ($M): 11.086437 · Participants: 148Hmn Financial, Inc. 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
Hmn Financial, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Hmn Financial, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Hmn Financial, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is Atap, Inc. Employee Stock Ownership Plan in AL ($11M); by covered participants it is The T. H. Rogers Lumber Company Employee Stock Ownership Plan in OK (148 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (148 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 Hmn Financial, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Hmn Financial, Inc. Employee Stock Ownership Plan edged up modestly - up 5.0% during 2023, from $11M to $11M. Reported net income was $884K.
How have Hmn Financial, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Hmn Financial, Inc.'s sponsor-wide assets declined 13.0%, from $11M to $9M.
Which ESOP plans are similar in size to Hmn Financial, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Atap, Inc. Employee Stock Ownership Plan in AL ($11M, 78 participants).
Which ESOP plans cover a similar participant headcount to Hmn Financial, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is The T. H. Rogers Lumber Company Employee Stock Ownership Plan in OK (148 participants, $21M 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 411777397.

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.