401(k) · DOL Form 5500 · 2023

Lake Elmo Bank 401(k) Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
88
Participants Small participant base
65th
Percentile by assets National rank
$155,478
Avg per participant Above avg balance/head
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Official DOL plan name: Lake Elmo Bank 401(k) Plan · Sponsored by Lake Elmo Bank · Minnesota · Finance & Insurance

$14M in assets, 88 participants

Lake Elmo Bank's Lake Elmo Bank 401(k) Plan reported $14M in total assets and 88 participants in its 2023 DOL Form 5500 filing, ranking in the 65th 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.

  • #4,475 in Finance & Insurance (8,869 peers)

Lake Elmo Bank multi-year trail

Lake Elmo Bank's plans moved -57.1% in assets from 2022 to 2024; this filing shows Lake Elmo Bank 401(k) Plan at $14M / 88 participants.

#4,475
in Finance & Insurance (8,869 peers)
+5.5%
assets growth YoY

Lake Elmo Bank 401(k) Plan's mid-pack asset rank among Finance & Insurance and all filers

Lake Elmo Bank 401(k) Plan vs every filed plan by assets

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

$13,682,069 Top 35% higher than 65% 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

Lake Elmo Bank 401(k) 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. Lake Elmo Bank 401(k) Plan is a small filing (88 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Lake Elmo Bank 401(k) Plan reported net income rose from -$2M in the plan year 2022 filing to $716K in the plan year 2023 filing.
  • Lake Elmo Bank 401(k) Plan reported participants fell from 97 in the plan year 2022 filing to 88 in the plan year 2023 filing.
  • Lake Elmo Bank 401(k) Plan end-of-year assets rose from $13M in the plan year 2022 filing to $14M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 410557070 · Lake Elmo Bank PY 2023 · 401(k)

Lake Elmo Bank 401(k) Plan · $14M · 88 · 65th

  • BOOK $14M
  • VS-ST 88
  • BOY 65th
  • SCH 401(k)
  • EBSA near Ultrafabrics Inc 401(k) Profit Sharing Plan & Trust
  • PART ind #4475

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 →

Lake Elmo Bank 401(k) Plan in the asset neighbourhood

Lake Elmo Bank 401(k) Plan$14MUltrafabrics Inc 401(k) Profit Sharing Plan & TrustUltrafabrics Inc 401(k) Prof…$14MChemstress Consultant Company Retirement Plan and TrustChemstress Consultant Compan…$14MProperty Management, Inc. Employee's 401(k) PlanProperty Management, Inc. Em…$14M403b Thrift Plan of Community Health Centers of Southeastern Iowa, Inc.403b Thrift Plan of Communit…$14M
End-of-year total assets ($M) among Lake Elmo Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Lake Elmo Bank multi-year asset trail

Sponsor-wide plan assets over time

All Lake Elmo Bank plans reported in each filing year

Latest sponsor-wide plan assets
$10M 57.12711592097991% vs 2022
2024 filing year
$5M$10M$15M$20M$25M 202220232024 $23.3M $10M ▼ -57.1%
Year Plans Participants Total Assets
2022 2 196 $23M
2023 2 179 $24M
2024 1 88 $10M

Lake Elmo Bank filing trail (2023)

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$14M
Net Income$716K
Employer EIN410557070
Plan Effective Date1993-10-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Minnesota

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

Lake Elmo Bank 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Lake Elmo Bank 401(k) Plan, Total assets ($B): 0.013682069 · Participants: 88Lake Elmo Bank 401(k) 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
Lake Elmo Bank 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Lake Elmo Bank 401(k) Plan side-by-side with 3 peers →

Lake Elmo Bank 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Ultrafabrics Inc 401(k) Profit Sharing Plan & Trust in NY ($14M); by covered participants it is Martines Palmeiro Construction 401(k) Plan in CO (88 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (88 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 Lake Elmo Bank 401(k) Plan assets move in 2023? ▼
Lake Elmo Bank 401(k) Plan grew at a solid clip - up 5.5% during 2023, from $13M to $14M. Reported net income was $716K.
How have Lake Elmo Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Lake Elmo Bank's sponsor-wide assets declined 57.1%, from $23M to $10M.
Which 401(k) plans are similar in size to Lake Elmo Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Ultrafabrics Inc 401(k) Profit Sharing Plan & Trust in NY ($14M, 113 participants).
Which 401(k) plans cover a similar participant headcount to Lake Elmo Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Martines Palmeiro Construction 401(k) Plan in CO (88 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 410557070.

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.