401(k) · DOL Form 5500 · 2023

Forstrom Bancorporation Inc. 401(k) Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
184
Participants Below avg headcount
66th
Percentile by assets National rank
$77,483
Avg per participant Below avg balance/head
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Official DOL plan name: Forstrom Bancorporation 401(k) Plan and Trust · Sponsored by Forstrom Bancorporation Inc. · Minnesota · Finance & Insurance

$14M in assets, 184 participants

Forstrom Bancorporation Inc.'s Forstrom Bancorporation 401(k) Plan and Trust reported $14M in total assets and 184 participants in its 2023 DOL Form 5500 filing, ranking in the 66th 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.

  • #4,546 in Finance & Insurance (8,869 peers)

Coverage in Minnesota

Forstrom Bancorporation 401(k) Plan and Trust covers 184 participants in Minnesota, about 16% of the average Minnesota filer (state average ~1,126 per filing). Assets: $14M.

#4,546
in Finance & Insurance (8,869 peers)
+21.2%
assets growth YoY

Forstrom Bancorporation 401(k) Plan and Trust's mid-pack asset rank among Finance & Insurance and all filers

Forstrom Bancorporation 401(k) Plan and Trust vs every filed plan by assets

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

$14,256,858 Top 34% higher than 66% 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

Forstrom Bancorporation 401(k) Plan and Trust 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. Forstrom Bancorporation 401(k) Plan and Trust sits mid-pack in the medium band (184 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Forstrom Bancorporation 401(k) Plan and Trust reported net income rose from -$1M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Forstrom Bancorporation 401(k) Plan and Trust end-of-year assets rose from $12M in the plan year 2022 filing to $14M in the plan year 2023 filing.
  • Forstrom Bancorporation 401(k) Plan and Trust reported participants fell from 186 in the plan year 2022 filing to 184 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 411452688 · Forstrom Bancorporation Inc. PY 2023 · 401(k)

Forstrom Bancorporation 401(k) Plan and Trust · $14M · 184 · 66th

  • PCT $14M
  • EIN 184
  • RANK 66th
  • PHOTO 401(k)
  • IND near White Plains Hospital Affiliated Entity, PC 401(k) Plan
  • EOY ind #4546

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 Finance & Insurance retirement plans → · Plans in Minnesota →

Forstrom Bancorporation 401(k) Plan and Trust in the asset neighbourhood

Forstrom Bancorporation 401(k) Plan and TrustForstrom Bancorporation 401(…$14MWhite Plains Hospital Affiliated Entity, PC 401(k) PlanWhite Plains Hospital Affili…$14MMorgan Distributing, Inc. Retirement PlanMorgan Distributing, Inc. Re…$14MHikvision USA Inc. 401(k) PlanHikvision USA Inc. 401(k) Pl…$14MBuchheit, Inc. Employees' 401(k) Retirement PlanBuchheit, Inc. Employees' 40…$14M
End-of-year total assets ($M) among Forstrom Bancorporation 401(k) Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$14M
Net Income$2M
Employer EIN411452688
Plan Effective Date1991-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Forstrom Bancorporation Inc.)

Sponsor-wide plan assets over time

All Forstrom Bancorporation Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$17M 40.4949025585808% vs 2022
2024 filing year
$10M$12M$14M$16M$18M 202220232024 $11.8M $16.5M ▲ +40.5%
Year Plans Participants Total Assets
2022 1 186 $12M
2023 1 184 $14M
2024 1 207 $17M

Nearby 401(k) Plans in Minnesota

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

Forstrom Bancorporation 401(k) Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Forstrom Bancorporation 401(k) Plan and Trust, Total assets ($B): 0.014256858 · Participants: 184Forstrom Bancorporation 401(k) Plan and TrustUnitedhealth 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
Forstrom Bancorporation 401(k) Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Forstrom Bancorporation 401(k) Plan and Trust side-by-side with 3 peers →

Forstrom Bancorporation 401(k) Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is White Plains Hospital Affiliated Entity, PC 401(k) Plan in NY ($14M); by covered participants it is Afiniti 401(k) Plan in DC (184 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (184 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 Forstrom Bancorporation 401(k) Plan and Trust assets move in 2023? ▼
Forstrom Bancorporation 401(k) Plan and Trust grew sharply - up 21.2% during 2023, from $12M to $14M. Reported net income was $2M.
How have Forstrom Bancorporation Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Forstrom Bancorporation Inc.'s sponsor-wide assets grew 40.5%, from $12M to $17M.
Which 401(k) plans are similar in size to Forstrom Bancorporation 401(k) Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is White Plains Hospital Affiliated Entity, PC 401(k) Plan in NY ($14M, 41 participants).
Which 401(k) plans cover a similar participant headcount to Forstrom Bancorporation 401(k) Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Afiniti 401(k) Plan in DC (184 participants, $5M 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 411452688.

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.