ESOP · DOL Form 5500 · 2024

First National Bank of Sparta ESOP

Data updated 2026-08-25

$2M
Total assets Small plan by assets
14
Participants Small participant base
29th
Percentile by assets National rank
$140,499
Avg per participant Near avg balance/head
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Official DOL plan name: First National Bank of Sparta Profit Sharing Plan · Sponsored by First National Bank of Sparta · Illinois · Finance & Insurance

$2M in assets, 14 participants

First National Bank of Sparta's First National Bank of Sparta Profit Sharing Plan reported $2M in total assets and 14 participants in its 2024 DOL Form 5500 filing, ranking in the 29th 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.

  • #1,564 in Finance & Insurance (8,549 peers)

First National Bank of Sparta multi-year trail

First National Bank of Sparta's plans moved -10.3% in assets from 2022 to 2024; this filing shows First National Bank of Sparta Profit Sharing Plan at $2M / 14 participants.

#1,564
in Finance & Insurance (8,549 peers)
+16.8%
assets growth YoY

First National Bank of Sparta Profit Sharing Plan among the smaller filed plans by assets

First National Bank of Sparta Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$1,966,988 29th percentile higher than 29% of 123,620 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 2024

First National Bank of Sparta Profit Sharing Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First National Bank of Sparta Profit Sharing Plan is a small filing (14 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First National Bank of Sparta Profit Sharing Plan reported net income rose from -$509K in the plan year 2023 filing to $283K in the plan year 2024 filing.
  • First National Bank of Sparta Profit Sharing Plan end-of-year assets rose from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • First National Bank of Sparta Profit Sharing Plan reported participants fell from 15 in the plan year 2023 filing to 14 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 370274480 · First National Bank of Sparta PY 2024 · ESOP

First National Bank of Sparta Profit Sharing Plan · $2M · 14 · 29th

  • IND $2M
  • IND 14
  • IND 29th
  • IND ESOP
  • IND near Kvk Precision Specialties, Inc. Employee Stock Ownership Plan
  • IND ind #1564

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 Illinois →

First National Bank of Sparta Profit Sharing Plan in the asset neighbourhood

First National Bank of Sparta Profit Sharing PlanFirst National Bank of Spart…$2MKvk Precision Specialties, Inc. Employee Stock Ownership PlanKvk Precision Specialties, I…$2MAlthouse and Meade, Inc. Employee Stock Ownership PlanAlthouse and Meade, Inc. Emp…$2MAftercare Nursing Services, Inc. Employee Stock Ownership PlanAftercare Nursing Services, …$2MPeople's Bank of Commerce Employee Stock Ownership PlanPeople's Bank of Commerce Em…$2M
End-of-year total assets ($M) among First National Bank of Sparta Profit Sharing Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

First National Bank of Sparta multi-year asset trail

Sponsor-wide plan assets over time

All First National Bank of Sparta plans reported in each filing year

Latest sponsor-wide plan assets
$2M 10.300829232166766% vs 2022
2024 filing year
$1.6M$1.8M$2M$2.2M$2.4M 202220232024 $2.19M $1.97M ▼ -10.0%
Year Plans Participants Total Assets
2022 1 16 $2M
2023 1 15 $2M
2024 1 14 $2M

First National Bank of Sparta filing trail (2024)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$2M
Net Income$283K
Employer EIN370274480
Plan Effective Date1984-12-31
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Illinois

Peer ESOP plans, same state, same plan type, ranked by total assets.

First National Bank of Sparta Profit Sharing Plan vs. nearby ESOP plans in Illinois, assets vs. participants Scatter plot of 6 data points. -50000500010000 -101234 Total assets ($B) Participants First National Bank of Sparta Profit Sharing Plan, Total assets ($B): 0.001966988 · Participants: 14First National Bank of Sparta Profit Sharing PlanAmsted Industries Incorporated Employees' Stock Ownership Plan, Total assets ($B): 3.699095694 · Participants: 4909Amsted Industries Incorporated Employees' Stock Ownership PlanKehe Distributors, Inc. Employee Stock Ownership Plan, Total assets ($B): 2.165348047 · Participants: 4815Kehe Distributors, Inc. Employee Stock Ownership PlanScot Forge Company Employee Stock Ownership Plan, Total assets ($B): 1.429776889 · Participants: 491Scot Forge Company Employee Stock Ownership PlanBdo USA Employee Stock Ownership Plan, Total assets ($B): 1.0622005 · Participants: 9258Bdo USA Employee Stock Ownership PlanShorr Paper Products, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.430213996 · Participants: 543Shorr Paper Products, Inc. Employee Stock Ownership Plan
First National Bank of Sparta Profit Sharing Plan vs. nearby ESOP plans in Illinois, assets vs. participants
Compare First National Bank of Sparta Profit Sharing Plan side-by-side with 3 peers →

First National Bank of Sparta Profit Sharing Plan's out-of-state ESOP peers by assets and headcount

Outside Illinois, the nearest ESOP by assets is Kvk Precision Specialties, Inc. Employee Stock Ownership Plan in VA ($2M); by covered participants it is Foods for Living, Inc. Employee Stock Ownership Plan and Trust in MI (14 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (14 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did First National Bank of Sparta Profit Sharing Plan assets move in 2024? ▼
First National Bank of Sparta Profit Sharing Plan grew sharply - up 16.8% during 2024, from $2M to $2M. Reported net income was $283K.
How have First National Bank of Sparta plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First National Bank of Sparta's sponsor-wide assets declined 10.3%, from $2M to $2M.
Which ESOP plans are similar in size to First National Bank of Sparta Profit Sharing Plan? ▼
Among ESOP plans in other states, the closest by assets is Kvk Precision Specialties, Inc. Employee Stock Ownership Plan in VA ($2M, 39 participants).
Which ESOP plans cover a similar participant headcount to First National Bank of Sparta Profit Sharing Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Foods for Living, Inc. Employee Stock Ownership Plan and Trust in MI (14 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 370274480.

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.