401(k) · DOL Form 5500 · 2023

Minster Bank 401(k) Plan

Data updated 2026-08-25

$24M
Total assets Small plan by assets
98
Participants Small participant base
76th
Percentile by assets National rank
$248,333
Avg per participant Above avg balance/head
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Official DOL plan name: Minster Bank Profit Sharing Plan · Sponsored by Minster Bank · Ohio · Finance & Insurance

$24M in assets, 98 participants

Minster Bank's Minster Bank Profit Sharing Plan reported $24M in total assets and 98 participants in its 2023 DOL Form 5500 filing, ranking in the 76th 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.

  • #5,652 in Finance & Insurance (8,869 peers)

Where Minster Bank Profit Sharing Plan sits by assets

Minster Bank Profit Sharing Plan sits in the top quartile of all filed plans by assets, $24M for 98 participants (~$248,333/participant), up 3.7% in 2023.

#5,652
in Finance & Insurance (8,869 peers)
+3.7%
assets growth YoY
0.2×
vs typical plan assets (national mean)

Minster Bank Profit Sharing Plan's outsized position by total assets

Minster Bank Profit Sharing Plan vs every filed plan by assets

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

$24,336,586 Top 24% higher than 76% 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

Minster Bank Profit Sharing Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Minster Bank Profit Sharing Plan is a small filing (98 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Minster Bank Profit Sharing Plan reported net income rose from -$3M in the plan year 2022 filing to $866K in the plan year 2023 filing.
  • Minster Bank Profit Sharing Plan reported participants fell from 104 in the plan year 2022 filing to 98 in the plan year 2023 filing.
  • Minster Bank Profit Sharing Plan end-of-year assets rose from $23M in the plan year 2022 filing to $24M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 344306490 · Minster Bank PY 2023 · 401(k)

Minster Bank Profit Sharing Plan · $24M · 98 · 76th

  • RANK $24M
  • PHOTO 98
  • IND 76th
  • EOY 401(k)
  • 5500 near Cexec, Inc. 401(k) Profit Sharing Plan & Trust
  • ASSETS ind #5652

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 Ohio →

Minster Bank Profit Sharing Plan in the asset neighbourhood

Minster Bank Profit Sharing PlanMinster Bank Profit Sharing …$24MCexec, Inc. 401(k) Profit Sharing Plan & TrustCexec, Inc. 401(k) Profit Sh…$24MAmpla Health Retirement Plan$24MKelley Automotive Group, LLC 401(k) PlanKelley Automotive Group, LLC…$24MEmployees' Savings Plan of Madico, Inc.Employees' Savings Plan of M…$24M
End-of-year total assets ($M) among Minster Bank Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$23M
Net Assets (End of Year)$24M
Net Income$866K
Employer EIN344306490
Plan Effective Date1992-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Minster Bank)

Sponsor-wide plan assets over time

All Minster Bank plans reported in each filing year

Latest sponsor-wide plan assets
$28M 18.05323902718278% vs 2022
2024 filing year
$22M$24M$26M$28M$30M 202220232024 $23.5M $27.7M ▲ +18.1%
Year Plans Participants Total Assets
2022 1 104 $23M
2023 1 98 $24M
2024 1 87 $28M

Nearby 401(k) Plans in Ohio

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

Minster Bank Profit Sharing Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -50510152025 Total assets ($B) Participants Minster Bank Profit Sharing Plan, Total assets ($B): 0.024336586 · Participants: 98Minster Bank Profit Sharing PlanGE Retirement Savings Plan, Total assets ($B): 19.485469047 · Participants: 59766GE Retirement Savings PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.12932701 · Participants: 47362The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 9.225573063 · Participants: 56176The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 8.445085 · Participants: 129769The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 7.618883027 · Participants: 24715Nationwide Savings Plan
Minster Bank Profit Sharing Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Minster Bank Profit Sharing Plan side-by-side with 3 peers →

Minster Bank Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Cexec, Inc. 401(k) Profit Sharing Plan & Trust in VA ($24M); by covered participants it is Blanco Enterprises 1081. 01(D) Retirement Plan in PR (98 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($24M here).

Similar participant headcount

Nearest other-state filings by covered participants (98 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 Minster Bank Profit Sharing Plan assets move in 2023? ▼
Minster Bank Profit Sharing Plan edged up modestly - up 3.7% during 2023, from $23M to $24M. Reported net income was $866K.
How have Minster Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Minster Bank's sponsor-wide assets grew 18.1%, from $23M to $28M.
Where does Minster Bank Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Minster Bank Profit Sharing Plan ranks in the 76th 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 Minster Bank Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Cexec, Inc. 401(k) Profit Sharing Plan & Trust in VA ($24M, 79 participants).
Which 401(k) plans cover a similar participant headcount to Minster Bank Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Blanco Enterprises 1081. 01(D) Retirement Plan in PR (98 participants, $81K 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 344306490.

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.