401(k) · DOL Form 5500 · 2023

First National Bank North 401(k) Plan

Data updated 2026-08-25

$15M
Total assets Small plan by assets
111
Participants Small participant base
68th
Percentile by assets National rank
$138,634
Avg per participant Near avg balance/head
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Official DOL plan name: First National Bank North 401(k) Profit Sharing Plan and Trust · Sponsored by First National Bank North · Minnesota · Finance & Insurance

$15M in assets, 111 participants

First National Bank North's First National Bank North 401(k) Profit Sharing Plan and Trust reported $15M in total assets and 111 participants in its 2023 DOL Form 5500 filing, ranking in the 68th 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.

  • #4,692 in Finance & Insurance (8,869 peers)

Coverage in Minnesota

First National Bank North 401(k) Profit Sharing Plan and Trust covers 111 participants in Minnesota, about 10% of the average Minnesota filer (state average ~1,126 per filing). Assets: $15M.

#4,692
in Finance & Insurance (8,869 peers)
+7.6%
assets growth YoY

First National Bank North 401(k) Profit Sharing Plan and Trust's outsized position by total assets

First National Bank North 401(k) Profit Sharing Plan and Trust vs every filed plan by assets

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

$15,388,423 Top 32% higher than 68% 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 National Bank North 401(k) Profit Sharing Plan and Trust 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 National Bank North 401(k) Profit Sharing Plan and Trust sits mid-pack in the medium band (111 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First National Bank North 401(k) Profit Sharing Plan and Trust reported net income rose from -$1M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • First National Bank North 401(k) Profit Sharing Plan and Trust end-of-year assets rose from $14M in the plan year 2022 filing to $15M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 410597395 · First National Bank North PY 2023 · 401(k)

First National Bank North 401(k) Profit Sharing Plan and Trust · $15M · 111 · 68th

  • BOOK $15M
  • VS-ST 111
  • BOY 68th
  • SCH 401(k)
  • EBSA near Boyle Transportation 401(k) Plan
  • PART ind #4692

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 →

First National Bank North 401(k) Profit Sharing Plan and Trust in the asset neighbourhood

First National Bank North 401(k) Profit Sharing Plan and TrustFirst National Bank North 40…$15MBoyle Transportation 401(k) PlanBoyle Transportation 401(k) …$15MEqt Partners, Inc. 401(k) PlanEqt Partners, Inc. 401(k) Pl…$15MAutumn Harp, Inc. 401(k) Profit Sharing PlanAutumn Harp, Inc. 401(k) Pro…$15MJeffers, Danielson, Sonn & Aylward P.S. 401(k) Profit Sharing PlanJeffers, Danielson, Sonn & A…$15M
End-of-year total assets ($M) among First National Bank North 401(k) Profit Sharing Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$15M
Net Income$1M
Employer EIN410597395
Plan Effective Date1990-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First National Bank North)

Sponsor-wide plan assets over time

All First National Bank North plans reported in each filing year

Latest sponsor-wide plan assets
$17M 21.516557451508785% vs 2022
2024 filing year
$13M$14M$15M$16M$17M$18M 202220232024 $14.3M $17.4M ▲ +21.5%
Year Plans Participants Total Assets
2022 1 112 $14M
2023 1 111 $15M
2024 1 121 $17M

Nearby 401(k) Plans in Minnesota

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

First National Bank North 401(k) Profit Sharing Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants First National Bank North 401(k) Profit Sharing Plan and Trust, Total assets ($B): 0.015388423 · Participants: 111First National Bank North 401(k) Profit Sharing Plan and TrustUnitedhealth 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
First National Bank North 401(k) Profit Sharing Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare First National Bank North 401(k) Profit Sharing Plan and Trust side-by-side with 3 peers →

First National Bank North 401(k) Profit Sharing Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Boyle Transportation 401(k) Plan in MA ($15M); by covered participants it is Reliable Appliance Installation Inc. 401(k) Plan in OH (111 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (111 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 National Bank North 401(k) Profit Sharing Plan and Trust assets move in 2023? ▼
First National Bank North 401(k) Profit Sharing Plan and Trust grew at a solid clip - up 7.6% during 2023, from $14M to $15M. Reported net income was $1M.
How have First National Bank North plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First National Bank North's sponsor-wide assets grew 21.5%, from $14M to $17M.
Which 401(k) plans are similar in size to First National Bank North 401(k) Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is Boyle Transportation 401(k) Plan in MA ($15M, 333 participants).
Which 401(k) plans cover a similar participant headcount to First National Bank North 401(k) Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Reliable Appliance Installation Inc. 401(k) Plan in OH (111 participants, $3M 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 410597395.

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.