ESOP · DOL Form 5500 · 2023
State Bankshares, Inc. ESOP
Data updated 2026-08-25
- $76M
- Total assets Below avg plan size
- 1,617
- Participants Near avg headcount
- 89th
- Percentile by assets National rank
- $46,840
- Avg per participant Low balance/head
Official DOL plan name: State Bankshares Employee Stock Ownership Plan and Trust · Sponsored by State Bankshares, Inc. · North Dakota · Finance & Insurance
$76M in assets, 1,617 participants
State Bankshares, Inc.'s State Bankshares Employee Stock Ownership Plan and Trust reported $76M in total assets and 1,617 participants in its 2023 DOL Form 5500 filing, ranking in the 89th 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.
- #7,397 in Finance & Insurance (8,869 peers)
Coverage in North Dakota
State Bankshares Employee Stock Ownership Plan and Trust covers 1,617 participants in North Dakota, 3.2x the typical North Dakota plan (state average ~504 per filing). Assets: $76M.
- #7,397
- in Finance & Insurance (8,869 peers)
- -6.0%
- assets change YoY
- 0.8×
- vs typical plan assets (national mean)
The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
State Bankshares Employee Stock Ownership Plan and Trust's outsized position by total assets
State Bankshares Employee Stock Ownership Plan and Trust vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$75,740,162 Top 11% higher than 89% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
State Bankshares Employee Stock Ownership Plan and Trust's large-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. State Bankshares Employee Stock Ownership Plan and Trust lands in the large band (1,617 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- State Bankshares Employee Stock Ownership Plan and Trust reported net income fell from $3M in the plan year 2022 filing to -$5M in the plan year 2023 filing.
- State Bankshares Employee Stock Ownership Plan and Trust reported participants rose from 1,432 in the plan year 2022 filing to 1,617 in the plan year 2023 filing.
- State Bankshares Employee Stock Ownership Plan and Trust end-of-year assets fell from $81M in the plan year 2022 filing to $76M in the plan year 2023 filing.
DOL schedule card
Filing strip 450412162 · State Bankshares, Inc. PY 2023 · ESOP
State Bankshares Employee Stock Ownership Plan and Trust · $76M · 1,617 · 89th
- PART $76M
- TYPE 1,617
- NET 89th
- BOOK ESOP
- VS-ST near Brown and Caldwell Employee Stock Ownership Plan
- BOY ind #7397
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 →
State Bankshares Employee Stock Ownership Plan and Trust in the asset neighbourhood
North Dakota filing particulars
| Total Assets (Beginning of Year) | $81M |
|---|---|
| Net Assets (End of Year) | $76M |
| Net Income | -$5M |
| Employer EIN | 450412162 |
| Plan Effective Date | 2016-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (State Bankshares, Inc.)
Sponsor-wide plan assets over time
All State Bankshares, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $397M 30.38507359433517% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 3,204 | $305M |
| 2023 | 2 | 3,559 | $351M |
| 2024 | 2 | 3,608 | $397M |
Nearby ESOP Plans in North Dakota
Peer ESOP plans, same state, same plan type, ranked by total assets.
- 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
State Bankshares Employee Stock Ownership Plan and Trust's out-of-state ESOP peers by assets and headcount
Outside North Dakota, the nearest ESOP by assets is Brown and Caldwell Employee Stock Ownership Plan in CO ($76M); by covered participants it is Evapco, Inc. Employee Stock Ownership Plan in MD (1,617 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($76M here).
Similar participant headcount
Nearest other-state filings by covered participants (1,617 participants); asset peers above are excluded.
- Evapco, Inc. Employee Stock Ownership Plan (MD) 1,617 · 0 off
- Telapex, Inc. Employee Stock Ownership Plan (MS) 1,610 · 7 off
- Ki Employee Stock Ownership Plan (WI) 1,624 · 7 off
- Buehler's Fresh Foods Employee Stock Ownership Plan (OH) 1,631 · 14 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.