ESOP · DOL Form 5500 · 2023

North Salem State Bank ESOP

Data updated 2026-08-25

$570K
Total assets Small plan by assets
74
Participants Small participant base
19th
Percentile by assets National rank
$7,698
Avg per participant Low balance/head
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Official DOL plan name: North Salem State Bank Employee Stock Ownership Plan · Sponsored by North Salem State Bank · Indiana · Finance & Insurance

$570K in assets, 74 participants

North Salem State Bank's North Salem State Bank Employee Stock Ownership Plan reported $570K in total assets and 74 participants in its 2023 DOL Form 5500 filing, ranking in the 19th 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.

  • #1,041 in Finance & Insurance (8,869 peers)

North Salem State Bank multi-year trail

North Salem State Bank's plans moved +53.4% in assets from 2022 to 2024; this filing shows North Salem State Bank Employee Stock Ownership Plan at $570K / 74 participants.

#1,041
in Finance & Insurance (8,869 peers)
+53.8%
assets growth YoY

North Salem State Bank Employee Stock Ownership Plan among the smaller filed plans by assets

North Salem State Bank Employee Stock Ownership Plan vs every filed plan by assets

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

$569,626 19th percentile higher than 19% 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

North Salem State Bank Employee Stock Ownership 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. North Salem State Bank Employee Stock Ownership Plan is a small filing (74 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • North Salem State Bank Employee Stock Ownership Plan end-of-year assets rose from $370K in the plan year 2022 filing to $570K in the plan year 2023 filing.
  • North Salem State Bank Employee Stock Ownership Plan reported participants rose from 73 in the plan year 2022 filing to 74 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 350551480 · North Salem State Bank PY 2023 · ESOP

North Salem State Bank Employee Stock Ownership Plan · $570K · 74 · 19th

  • TYPE $570K
  • TYPE 74
  • TYPE 19th
  • TYPE ESOP
  • TYPE near Custom Dental Management, Inc. Employee Stock Ownership Plan
  • TYPE ind #1041

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 Indiana →

North Salem State Bank Employee Stock Ownership Plan in the asset neighbourhood

North Salem State Bank Employee Stock Ownership PlanNorth Salem State Bank Emplo…$570KCustom Dental Management, Inc. Employee Stock Ownership PlanCustom Dental Management, In…$571KQspec Solutions Employee Stock Ownership PlanQspec Solutions Employee Sto…$569KSouthland Dairy Equipment Company Inc. Employee Stock Ownership PlanSouthland Dairy Equipment Co…$571KAxis Interior Systems, Inc. Employee Stock Ownership PlanAxis Interior Systems, Inc. …$567K
End-of-year total assets ($M) among North Salem State Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

North Salem State Bank multi-year asset trail

Sponsor-wide plan assets over time

All North Salem State Bank plans reported in each filing year

Latest sponsor-wide plan assets
$7M 53.37237498827686% vs 2022
2024 filing year
$4M$5M$6M$7M$8M 202220232024 $4.88M $7.49M ▲ +53.5%
Year Plans Participants Total Assets
2022 2 155 $5M
2023 2 164 $6M
2024 2 174 $7M

North Salem State Bank filing trail (2023)

Total Assets (Beginning of Year)$370K
Net Assets (End of Year)$570K
Net Income$199K
Employer EIN350551480
Plan Effective Date2021-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Indiana

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

North Salem State Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Indiana, assets vs. participants Scatter plot of 6 data points. -100001000200030004000 -0.500.511.522.5 Total assets ($B) Participants North Salem State Bank Employee Stock Ownership Plan, Total assets ($B): 0.000569626 · Participants: 74North Salem State Bank Employee Stock Ownership PlanJasper Holdings, Inc Employee Stock Ownership Plan and Trust, Total assets ($B): 1.921766853 · Participants: 3535Jasper Holdings, Inc Employee Stock Ownership Plan and TrustUrschel Laboratories Employee Stock Ownership Plan, Total assets ($B): 0.36648086 · Participants: 487Urschel Laboratories Employee Stock Ownership PlanNibco Inc. Employee Stock Ownership Plan, Total assets ($B): 0.364505967 · Participants: 1242Nibco Inc. Employee Stock Ownership PlanSuperior Industrial Solutions, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.138902309 · Participants: 363Superior Industrial Solutions, Inc. Employee Stock Ownership PlanDucharme, Mcmillen & Associates, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.135390454 · Participants: 558Ducharme, Mcmillen & Associates, Inc. Employee Stock Ownership Plan
North Salem State Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Indiana, assets vs. participants
Compare North Salem State Bank Employee Stock Ownership Plan side-by-side with 3 peers →

North Salem State Bank Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Indiana, the nearest ESOP by assets is Custom Dental Management, Inc. Employee Stock Ownership Plan in MO ($571K); by covered participants it is Asg Holdings Employee Stock Ownership Plan in OH (74 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (74 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 North Salem State Bank Employee Stock Ownership Plan assets move in 2023? ▼
North Salem State Bank Employee Stock Ownership Plan surged - up 53.8% during 2023, from $370K to $570K. Reported net income was $199K.
How have North Salem State Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), North Salem State Bank's sponsor-wide assets grew 53.4%, from $5M to $7M.
Where does North Salem State Bank Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
North Salem State Bank Employee Stock Ownership Plan ranks in the 19th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which ESOP plans are similar in size to North Salem State Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Custom Dental Management, Inc. Employee Stock Ownership Plan in MO ($571K, 41 participants).
Which ESOP plans cover a similar participant headcount to North Salem State Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Asg Holdings Employee Stock Ownership Plan in OH (74 participants, $8M 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 350551480.

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.