401(k) · DOL Form 5500 · 2023

Home Federal Savings Bank 401(k) Plan

Data updated 2026-08-25

$31M
Total assets Below avg plan size
175
Participants Small participant base
80th
Percentile by assets National rank
$175,691
Avg per participant Above avg balance/head
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Official DOL plan name: Home Federal Savings Bank 401(k) Retirement Plan · Sponsored by Home Federal Savings Bank · Minnesota · Finance & Insurance

$31M in assets, 175 participants

Home Federal Savings Bank's Home Federal Savings Bank 401(k) Retirement Plan reported $31M in total assets and 175 participants in its 2023 DOL Form 5500 filing, ranking in the 80th 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.

  • #6,095 in Finance & Insurance (8,869 peers)

Coverage in Minnesota

Home Federal Savings Bank 401(k) Retirement Plan covers 175 participants in Minnesota, about 16% of the average Minnesota filer (state average ~1,126 per filing). Assets: $31M.

#6,095
in Finance & Insurance (8,869 peers)
+20.6%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Home Federal Savings Bank 401(k) Retirement Plan's outsized position by total assets

Home Federal Savings Bank 401(k) Retirement Plan vs every filed plan by assets

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

$30,745,891 Top 20% higher than 80% 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

Home Federal Savings Bank 401(k) Retirement 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. Home Federal Savings Bank 401(k) Retirement Plan sits mid-pack in the medium band (175 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Home Federal Savings Bank 401(k) Retirement Plan reported net income rose from -$5M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Home Federal Savings Bank 401(k) Retirement Plan end-of-year assets rose from $26M in the plan year 2022 filing to $31M in the plan year 2023 filing.
  • Home Federal Savings Bank 401(k) Retirement Plan reported participants fell from 184 in the plan year 2022 filing to 175 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 410318319 · Home Federal Savings Bank PY 2023 · 401(k)

Home Federal Savings Bank 401(k) Retirement Plan · $31M · 175 · 80th

  • ASSETS $31M
  • ASSETS 175
  • ASSETS 80th
  • ASSETS 401(k)
  • ASSETS near Softerware, Inc. 401(k) Profit Sharing Plan and Tr
  • ASSETS ind #6095

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 Finance & Insurance retirement plans → · Plans in Minnesota →

Home Federal Savings Bank 401(k) Retirement Plan in the asset neighbourhood

Home Federal Savings Bank 401(k) Retirement PlanHome Federal Savings Bank 40…$31MSofterware, Inc. 401(k) Profit Sharing Plan and TrSofterware, Inc. 401(k) Prof…$31MThe Home Depot Futurebuilder for Puerto RicoThe Home Depot Futurebuilder…$31MSdi Presence LLC 401(k) Plan$31MEastern Industrial Automation 401(k) Retirement PlanEastern Industrial Automatio…$31M
End-of-year total assets ($M) among Home Federal Savings Bank 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$26M
Net Assets (End of Year)$31M
Net Income$5M
Employer EIN410318319
Plan Effective Date1992-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Home Federal Savings Bank)

Sponsor-wide plan assets over time

All Home Federal Savings Bank plans reported in each filing year

Latest sponsor-wide plan assets
$33M 30.575311367756285% vs 2022
2024 filing year
$20M$25M$30M$35M 202220232024 $25.5M $33.3M ▲ +30.6%
Year Plans Participants Total Assets
2022 1 184 $26M
2023 1 175 $31M
2024 1 168 $33M

Nearby 401(k) Plans in Minnesota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Home Federal Savings Bank 401(k) Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Home Federal Savings Bank 401(k) Retirement Plan, Total assets ($B): 0.030745891 · Participants: 175Home Federal Savings Bank 401(k) Retirement PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
Home Federal Savings Bank 401(k) Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Home Federal Savings Bank 401(k) Retirement Plan side-by-side with 3 peers →

Home Federal Savings Bank 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Softerware, Inc. 401(k) Profit Sharing Plan and Tr in PA ($31M); by covered participants it is Uniseal 401(k) Plan in IN (175 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (175 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 Home Federal Savings Bank 401(k) Retirement Plan assets move in 2023? ▼
Home Federal Savings Bank 401(k) Retirement Plan grew sharply - up 20.6% during 2023, from $26M to $31M. Reported net income was $5M.
How have Home Federal Savings Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Home Federal Savings Bank's sponsor-wide assets grew 30.6%, from $26M to $33M.
Where does Home Federal Savings Bank 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼
Home Federal Savings Bank 401(k) Retirement Plan ranks in the 80th 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 401(k) plans are similar in size to Home Federal Savings Bank 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Softerware, Inc. 401(k) Profit Sharing Plan and Tr in PA ($31M, 140 participants).
Which 401(k) plans cover a similar participant headcount to Home Federal Savings Bank 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Uniseal 401(k) Plan in IN (175 participants, N/A 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 410318319.

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.