ESOP · DOL Form 5500 · 2023

American Federal Bank ESOP

Data updated 2026-08-25

$15M
Total assets Small plan by assets
107
Participants Small participant base
67th
Percentile by assets National rank
$139,238
Avg per participant Near avg balance/head
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Official DOL plan name: American Federal Bank Employee Stock Ownership Plan · Sponsored by American Federal Bank · North Dakota · Finance & Insurance

$15M in assets, 107 participants

American Federal Bank's American Federal Bank Employee Stock Ownership Plan reported $15M in total assets and 107 participants in its 2023 DOL Form 5500 filing, ranking in the 67th 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.

  • #4,623 in Finance & Insurance (8,869 peers)

Coverage in North Dakota

American Federal Bank Employee Stock Ownership Plan covers 107 participants in North Dakota, about 21% of the average North Dakota filer (state average ~504 per filing). Assets: $15M.

#4,623
in Finance & Insurance (8,869 peers)
-9.3%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

American Federal Bank Employee Stock Ownership Plan's outsized position by total assets

American Federal Bank Employee Stock Ownership Plan vs every filed plan by assets

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

$14,898,455 Top 33% higher than 67% 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

American Federal Bank Employee Stock Ownership 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. American Federal Bank Employee Stock Ownership Plan sits mid-pack in the medium band (107 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • American Federal Bank Employee Stock Ownership Plan reported net income rose from -$3M in the plan year 2022 filing to -$2M in the plan year 2023 filing.
  • American Federal Bank Employee Stock Ownership Plan end-of-year assets fell from $16M in the plan year 2022 filing to $15M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 410229822 · American Federal Bank PY 2023 · ESOP

American Federal Bank Employee Stock Ownership Plan · $15M · 107 · 67th

  • SCH $15M
  • SCH 107
  • SCH 67th
  • SCH ESOP
  • SCH near Airpro Fan & Blower Company Employee Stock Ownership Plan
  • SCH ind #4623

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 North Dakota →

American Federal Bank Employee Stock Ownership Plan in the asset neighbourhood

The Levy Company, Inc. Employee Stock Ownership PlanThe Levy Company, Inc. Emplo…$15MAmerican Federal Bank Employee Stock Ownership PlanAmerican Federal Bank Employ…$15MAirpro Fan & Blower Company Employee Stock Ownership PlanAirpro Fan & Blower Company …$15MBridge Community Bank ESOP$15MHi Nabor Supermarket Employee Stock Ownership PlanHi Nabor Supermarket Employe…$15M
End-of-year total assets ($M) among American Federal Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

North Dakota filing particulars

Total Assets (Beginning of Year)$16M
Net Assets (End of Year)$15M
Net Income-$2M
Employer EIN410229822
Plan Effective Date1991-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (American Federal Bank)

Sponsor-wide plan assets over time

All American Federal Bank plans reported in each filing year

Latest sponsor-wide plan assets
$45M 23.293767231051575% vs 2022
2024 filing year
$35M$40M$45M$50M 202220232024 $36.1M $44.5M ▲ +23.3%
Year Plans Participants Total Assets
2022 2 232 $36M
2023 2 230 $40M
2024 2 245 $45M

Nearby ESOP Plans in North Dakota

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

American Federal Bank Employee Stock Ownership Plan vs. nearby ESOP plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -1000010002000300040005000 -0.500.511.5 Total assets ($B) Participants American Federal Bank Employee Stock Ownership Plan, Total assets ($B): 0.014898455 · Participants: 107American Federal Bank Employee Stock Ownership PlanBorder States Industries, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.176759361 · Participants: 2973Border States Industries, Inc. Employee Stock Ownership PlanScheels Employee Stock Ownership Plan, Total assets ($B): 0.837710398 · Participants: 4597Scheels Employee Stock Ownership PlanDakota Supply Group, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.229795263 · Participants: 767Dakota Supply Group, Inc. Employee Stock Ownership PlanUlteig, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.158672448 · Participants: 901Ulteig, Inc. Employee Stock Ownership PlanFrontier Precision, Inc Employee Stock Ownership Plan, Total assets ($B): 0.086685795 · Participants: 90Frontier Precision, Inc Employee Stock Ownership Plan
American Federal Bank Employee Stock Ownership Plan vs. nearby ESOP plans in North Dakota, assets vs. participants
Compare American Federal Bank Employee Stock Ownership Plan side-by-side with 3 peers →

American Federal Bank Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside North Dakota, the nearest ESOP by assets is Airpro Fan & Blower Company Employee Stock Ownership Plan in WI ($15M); by covered participants it is Ppic Employee Stock Ownership Plan in NM (107 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (107 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 American Federal Bank Employee Stock Ownership Plan assets move in 2023? ▼
American Federal Bank Employee Stock Ownership Plan pulled back noticeably - down 9.3% during 2023, from $16M to $15M. Reported net income was -$2M.
How have American Federal Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), American Federal Bank's sponsor-wide assets grew 23.3%, from $36M to $45M.
Which ESOP plans are similar in size to American Federal Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Airpro Fan & Blower Company Employee Stock Ownership Plan in WI ($15M, 84 participants).
Which ESOP plans cover a similar participant headcount to American Federal Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Ppic Employee Stock Ownership Plan in NM (107 participants, $59M 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 410229822.

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.