ESOP · DOL Form 5500 · 2023
Bank Forward ESOP
Data updated 2026-08-11
- $42M
- Total assets
- 202
- Participants
- 83rd
- Percentile by assets
- $206,352
- Avg per participant
Official DOL plan name: Bank Forward Employee Stock Ownership Plan · Sponsored by Bank Forward · North Dakota · Finance & Insurance
$42M in assets, 202 participants
Bank Forward's Bank Forward Employee Stock Ownership Plan reported $42M in total assets and 202 participants in its 2023 DOL Form 5500 filing, ranking in the 83rd 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.
- 83rd percentile by assets (of 127,072 plans)
- #6,630 in Finance & Insurance (8,869 peers)
Coverage in North Dakota
Bank Forward Employee Stock Ownership Plan covers 202 participants in North Dakota, about 40% of the average North Dakota filer (state average ~504 per filing). Assets: $42M.
- $42M
- total plan assets (2023 EOY)
- 202
- covered participants
- 83rd
- percentile by assets (of 127,072 plans)
- $206,352
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Bank Forward Employee Stock Ownership Plan reported net income rose from $5M in the plan year 2022 filing to $7M in the plan year 2023 filing.
- Bank Forward Employee Stock Ownership Plan end-of-year assets rose from $35M in the plan year 2022 filing to $42M in the plan year 2023 filing.
Participants vs North Dakota filers
In North Dakota, the average filing covers about 504 participants across 359 plans. Bank Forward Employee Stock Ownership Plan reports 202 participants - about 40% of that state average ($42M EOY assets).
North Dakota filing particulars
| Total Assets (Beginning of Year) | $35M |
|---|---|
| Net Assets (End of Year) | $39M |
| Net Income | $7M |
| Employer EIN | 450192700 |
| Plan Effective Date | 2000-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Bank Forward)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 434 | $60M |
| 2023 | 2 | 425 | $72M |
| 2024 | 2 | 430 | $82M |
Nearby ESOP Plans in North Dakota
Peer ESOP plans, same state, same plan type, ranked by total assets.
Bank Forward Employee Stock Ownership Plan vs. nearby ESOP plans in North Dakota, assets vs. participants
- Border States Industries, Inc. Employee Stock Ownership Plan $1.2B · 2,973
- Scheels Employee Stock Ownership Plan $838M · 4,597
- Dakota Supply Group, Inc. Employee Stock Ownership Plan $230M · 767
- Ulteig, Inc. Employee Stock Ownership Plan $159M · 901
- Frontier Precision, Inc Employee Stock Ownership Plan $87M · 90
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Bank Forward Employee Stock Ownership Plan by total assets, not by location.
Frequently Asked Questions
How did Bank Forward Employee Stock Ownership Plan assets move in 2023? ▼
How have Bank Forward plan assets changed over time? ▼
Where does Bank Forward Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Which ESOP plans are similar in size to Bank Forward Employee Stock Ownership Plan? ▼
Next read for Bank Forward Employee Stock Ownership Pl…
Filing takeaways
Ways to act on Bank Forward Employee Stock Ownership Plan's numbers.
- By total assets, Bank Forward Employee Stock Ownership Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in North Dakota. Compare plans
- Bank Forward's sponsor-wide assets have grown 36.2% since 2022 across 3 plan years on file. More Finance & Insurance plans