401(k) · DOL Form 5500 · 2023

Horizon Bancorp 401(k) Plan

Data updated 2026-08-25

$59M
Total assets Below avg plan size
876
Participants Near avg headcount
87th
Percentile by assets National rank
$67,677
Avg per participant Below avg balance/head
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Official DOL plan name: Horizon Bancorp Employees' Thrift Plan · Sponsored by Horizon Bancorp · Indiana · Management of Enterprises

$59M in assets, 876 participants

Horizon Bancorp's Horizon Bancorp Employees' Thrift Plan reported $59M in total assets and 876 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

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

Where Horizon Bancorp Employees' Thrift Plan sits by assets

Horizon Bancorp Employees' Thrift Plan sits in the top quartile of all filed plans by assets, $59M for 876 participants (~$67,677/participant), up 11.0% in 2023.

#795
in Management of Enterprises (1,137 peers)
+11.0%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Horizon Bancorp Employees' Thrift Plan's outsized position by total assets

Horizon Bancorp Employees' Thrift Plan vs every filed plan by assets

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

$59,285,011 Top 13% higher than 87% 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

Horizon Bancorp Employees' Thrift 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. Horizon Bancorp Employees' Thrift Plan sits mid-pack in the medium band (876 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Horizon Bancorp Employees' Thrift Plan reported net income rose from -$7M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Horizon Bancorp Employees' Thrift Plan end-of-year assets rose from $53M in the plan year 2022 filing to $59M in the plan year 2023 filing.
  • Horizon Bancorp Employees' Thrift Plan reported participants rose from 851 in the plan year 2022 filing to 876 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 351562417 · Horizon Bancorp PY 2023 · 401(k)

Horizon Bancorp Employees' Thrift Plan · $59M · 876 · 87th

  • SCH $59M
  • SCH 876
  • SCH 87th
  • SCH 401(k)
  • SCH near Mbi, Inc 401(k) Plan
  • SCH ind #795

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 Indiana →

Horizon Bancorp Employees' Thrift Plan in the asset neighbourhood

Horizon Bancorp Employees' Thrift PlanHorizon Bancorp Employees' T…$59MHutchinson Aerospace & Industry, Inc. 401(k) PlanHutchinson Aerospace & Indus…$59MWilton Brands LLC Retirement PlanWilton Brands LLC Retirement…$59MMbi, Inc 401(k) Plan$59MMvp Law Profit Sharing 401(k) PlanMvp Law Profit Sharing 401(k…$59M
End-of-year total assets ($M) among Horizon Bancorp Employees' Thrift Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$53M
Net Assets (End of Year)$59M
Net Income$6M
Employer EIN351562417
Plan Effective Date1963-12-10
Filing StatusFILING RECEIVED

Sponsor Plan History (Horizon Bancorp)

Sponsor-wide plan assets over time

All Horizon Bancorp plans reported in each filing year

Latest sponsor-wide plan assets
$67M 25.62161254993713% vs 2022
2024 filing year
$50M$55M$60M$65M$70M 202220232024 $53.4M $67.1M ▲ +25.6%
Year Plans Participants Total Assets
2022 2 1,478 $53M
2023 1 876 $59M
2024 1 836 $67M

Nearby 401(k) Plans in Indiana

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

Horizon Bancorp Employees' Thrift Plan vs. nearby 401(k) plans in Indiana, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -5051015 Total assets ($B) Participants Horizon Bancorp Employees' Thrift Plan, Total assets ($B): 0.059285011 · Participants: 876Horizon Bancorp Employees' Thrift PlanThe Lilly Employee 401(k) Plan, Total assets ($B): 11.133214731 · Participants: 17583The Lilly Employee 401(k) PlanElevance Health 401(k) Plan, Total assets ($B): 11.042395257 · Participants: 76590Elevance Health 401(k) PlanCummins Retirement and Savings Plan, Total assets ($B): 5.730057183 · Participants: 28381Cummins Retirement and Savings PlanIu Health 401(k) Savings Plan, Total assets ($B): 3.907792365 · Participants: 38575Iu Health 401(k) Savings PlanSteel Dynamics, Inc. Profit Sharing and Retirement Savings Plan, Total assets ($B): 2.573079703 · Participants: 9015Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan
Horizon Bancorp Employees' Thrift Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare Horizon Bancorp Employees' Thrift Plan side-by-side with 3 peers →

Horizon Bancorp Employees' Thrift Plan's out-of-state 401(k) peers by assets and headcount

Outside Indiana, the nearest 401(k) by assets is Mbi, Inc 401(k) Plan in CT ($59M); by covered participants it is Outpatient Imaging Affiliates Savings Plan in TN (876 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($59M here).

Similar participant headcount

Nearest other-state filings by covered participants (876 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 Horizon Bancorp Employees' Thrift Plan assets move in 2023? ▼
Horizon Bancorp Employees' Thrift Plan grew at a solid clip - up 11.0% during 2023, from $53M to $59M. Reported net income was $6M.
How have Horizon Bancorp plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Horizon Bancorp's sponsor-wide assets grew 25.6%, from $53M to $67M.
Where does Horizon Bancorp Employees' Thrift Plan rank by assets among Form 5500 filers? ▼
Horizon Bancorp Employees' Thrift Plan ranks in the 87th 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 Horizon Bancorp Employees' Thrift Plan? ▼
Among 401(k) plans in other states, the closest by assets is Mbi, Inc 401(k) Plan in CT ($59M, 377 participants).
Which 401(k) plans cover a similar participant headcount to Horizon Bancorp Employees' Thrift Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Outpatient Imaging Affiliates Savings Plan in TN (876 participants, N/A 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 351562417.

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.