401(k) · DOL Form 5500 · 2023

Finlayson Bancshares, Inc. 401(k) Plan

Data updated 2026-08-25

$30M
Total assets Below avg plan size
190
Participants Below avg headcount
79th
Percentile by assets National rank
$158,109
Avg per participant Above avg balance/head
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Official DOL plan name: Finlayson Bancshares, Inc. ESOP with 401(k) Provisions · Sponsored by Finlayson Bancshares, Inc. · Minnesota · Management of Enterprises

$30M in assets, 190 participants

Finlayson Bancshares, Inc.'s Finlayson Bancshares, Inc. ESOP with 401(k) Provisions reported $30M in total assets and 190 participants in its 2023 DOL Form 5500 filing, ranking in the 79th 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.

  • #678 in Management of Enterprises (1,137 peers)

Coverage in Minnesota

Finlayson Bancshares, Inc. ESOP with 401(k) Provisions covers 190 participants in Minnesota, about 17% of the average Minnesota filer (state average ~1,126 per filing). Assets: $30M.

#678
in Management of Enterprises (1,137 peers)
+1.8%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Finlayson Bancshares, Inc. ESOP with 401(k) Provisions's outsized position by total assets

Finlayson Bancshares, Inc. ESOP with 401(k) Provisions vs every filed plan by assets

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

$30,040,743 Top 21% higher than 79% 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

Finlayson Bancshares, Inc. ESOP with 401(k) Provisions 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. Finlayson Bancshares, Inc. ESOP with 401(k) Provisions sits mid-pack in the medium band (190 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Finlayson Bancshares, Inc. ESOP with 401(k) Provisions reported net income rose from -$4M in the plan year 2022 filing to $533K in the plan year 2023 filing.
  • Finlayson Bancshares, Inc. ESOP with 401(k) Provisions reported participants rose from 178 in the plan year 2022 filing to 190 in the plan year 2023 filing.
  • Finlayson Bancshares, Inc. ESOP with 401(k) Provisions end-of-year assets rose from $30M in the plan year 2022 filing to $30M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 411396929 · Finlayson Bancshares, Inc. PY 2023 · 401(k)

Finlayson Bancshares, Inc. ESOP with 401(k) Provisions · $30M · 190 · 79th

  • EIN $30M
  • RANK 190
  • PHOTO 79th
  • IND 401(k)
  • EOY near Tipp Distributors, Inc. Dba Novamex 401(k) Plan
  • 5500 ind #678

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 Management of Enterprises retirement plans → · Plans in Minnesota →

Finlayson Bancshares, Inc. ESOP with 401(k) Provisions in the asset neighbourhood

Finlayson Bancshares, Inc. ESOP with 401(k) ProvisionsFinlayson Bancshares, Inc. E…$30MTipp Distributors, Inc. Dba Novamex 401(k) PlanTipp Distributors, Inc. Dba …$30MMad Tim Enterprises, Inc. 401(k) PlanMad Tim Enterprises, Inc. 40…$30MMedeanalytics 401(k) Plan$30MMode Transportation 401(k) PlanMode Transportation 401(k) P…$30M
End-of-year total assets ($M) among Finlayson Bancshares, Inc. ESOP with 401(k) Provisions and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$30M
Net Assets (End of Year)$30M
Net Income$533K
Employer EIN411396929
Plan Effective Date1990-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Finlayson Bancshares, Inc.)

Sponsor-wide plan assets over time

All Finlayson Bancshares, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$28M 4.067537791164631% vs 2022
2024 filing year
$28M$29M$30M$31M 202220232024 $29.5M $28.3M ▼ -4.1%
Year Plans Participants Total Assets
2022 1 178 $30M
2023 1 190 $30M
2024 1 177 $28M

Nearby 401(k) Plans in Minnesota

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

Finlayson Bancshares, Inc. ESOP with 401(k) Provisions vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Finlayson Bancshares, Inc. ESOP with 401(k) Provisions, Total assets ($B): 0.030040743 · Participants: 190Finlayson Bancshares, Inc. ESOP with 401(k) ProvisionsUnitedhealth 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
Finlayson Bancshares, Inc. ESOP with 401(k) Provisions vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Finlayson Bancshares, Inc. ESOP with 401(k) Provisions side-by-side with 3 peers →

Finlayson Bancshares, Inc. ESOP with 401(k) Provisions's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Tipp Distributors, Inc. Dba Novamex 401(k) Plan in TX ($30M); by covered participants it is Nextpoint Group, LLC 401(k) Plan in VA (190 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($30M here).

Similar participant headcount

Nearest other-state filings by covered participants (190 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 Finlayson Bancshares, Inc. ESOP with 401(k) Provisions assets move in 2023? ▼
Finlayson Bancshares, Inc. ESOP with 401(k) Provisions edged up modestly - up 1.8% during 2023, from $30M to $30M. Reported net income was $533K.
How have Finlayson Bancshares, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Finlayson Bancshares, Inc.'s sponsor-wide assets declined 4.1%, from $30M to $28M.
Where does Finlayson Bancshares, Inc. ESOP with 401(k) Provisions rank by assets among Form 5500 filers? ▼
Finlayson Bancshares, Inc. ESOP with 401(k) Provisions ranks in the 79th 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 Finlayson Bancshares, Inc. ESOP with 401(k) Provisions? ▼
Among 401(k) plans in other states, the closest by assets is Tipp Distributors, Inc. Dba Novamex 401(k) Plan in TX ($30M, 352 participants).
Which 401(k) plans cover a similar participant headcount to Finlayson Bancshares, Inc. ESOP with 401(k) Provisions? ▼
Among 401(k) plans in other states, the closest by covered participants is Nextpoint Group, LLC 401(k) Plan in VA (190 participants, $36M 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 411396929.

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.