ESOP · DOL Form 5500 · 2024

First National Bank of Bemidji ESOP

Data updated 2026-08-25

$28M
Total assets Below avg plan size
93
Participants Small participant base
76th
Percentile by assets National rank
$300,319
Avg per participant High balance/head
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Official DOL plan name: First National Bank of Bemidji Employee Stock Ownership Plan and Trust · Sponsored by First National Bank of Bemidji · Minnesota · Finance & Insurance

$28M in assets, 93 participants

First National Bank of Bemidji's First National Bank of Bemidji Employee Stock Ownership Plan and Trust reported $28M in total assets and 93 participants in its 2024 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.

  • #5,401 in Finance & Insurance (8,549 peers)

Where First National Bank of Bemidji Employee Stock Ownership Plan and Trust sits by assets

First National Bank of Bemidji Employee Stock Ownership Plan and Trust sits in the top quartile of all filed plans by assets, $28M for 93 participants (~$300,319/participant), down 6.4% in 2024.

#5,401
in Finance & Insurance (8,549 peers)
-6.4%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

First National Bank of Bemidji Employee Stock Ownership Plan and Trust's outsized position by total assets

First National Bank of Bemidji Employee Stock Ownership Plan and Trust vs every filed plan by assets

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

$27,929,635 Top 24% higher than 76% 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 Bemidji Employee Stock Ownership Plan and Trust 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 Bemidji Employee Stock Ownership Plan and Trust is a small filing (93 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First National Bank of Bemidji Employee Stock Ownership Plan and Trust reported net income fell from $135K in the plan year 2023 filing to -$1M in the plan year 2024 filing.
  • First National Bank of Bemidji Employee Stock Ownership Plan and Trust end-of-year assets fell from $30M in the plan year 2023 filing to $28M in the plan year 2024 filing.
  • First National Bank of Bemidji Employee Stock Ownership Plan and Trust reported participants fell from 99 in the plan year 2023 filing to 93 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 410145155 · First National Bank of Bemidji PY 2024 · ESOP

First National Bank of Bemidji Employee Stock Ownership Plan and Trust · $28M · 93 · 76th

  • IND $28M
  • IND 93
  • IND 76th
  • IND ESOP
  • IND near Peerless Machine and Tool Corporation Employee Stock Ownership Plan
  • IND ind #5401

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 Minnesota →

First National Bank of Bemidji Employee Stock Ownership Plan and Trust in the asset neighbourhood

Peerless Machine and Tool Corporation Employee Stock Ownership PlanPeerless Machine and Tool Co…$28MFirst National Bank of Bemidji Employee Stock Ownership Plan and TrustFirst National Bank of Bemid…$28MSteel Encounters, Inc. Employee Stock Ownership PlanSteel Encounters, Inc. Emplo…$28MBaker Engineering and Risk Consultants, Inc. Employee Stock Ownership PlanBaker Engineering and Risk C…$28MArrow Financial Corporation Employee Stock Ownership PlanArrow Financial Corporation …$28M
End-of-year total assets ($M) among First National Bank of Bemidji Employee Stock Ownership Plan and Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$30M
Net Assets (End of Year)$19M
Net Income-$1M
Employer EIN410145155
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First National Bank of Bemidji)

Sponsor-wide plan assets over time

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

Latest sponsor-wide plan assets
$28M 7.4745536789764335% vs 2022
2024 filing year
$27M$28M$29M$30M$31M 202220232024 $30.2M $27.9M ▼ -7.5%
Year Plans Participants Total Assets
2022 1 97 $30M
2023 1 99 $30M
2024 1 93 $28M

Nearby ESOP Plans in Minnesota

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

First National Bank of Bemidji Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -500050010001500 Total assets ($M) Participants First National Bank of Bemidji Employee Stock Ownership Plan and Trust, Total assets ($M): 27.929635 · Participants: 93First National Bank of Bemidji Employee Stock Ownership Plan and TrustAndersen Corporation Employee Stock Ownership Plan, Total assets ($M): 962.686911 · Participants: 12104Andersen Corporation Employee Stock Ownership PlanLandscape Structures, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 593.784492 · Participants: 490Landscape Structures, Inc. Employee Stock Ownership Plan and TrustKingdom Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 593.525018 · Participants: 782Kingdom Enterprises, Inc. Employee Stock Ownership PlanForce America Inc. Employee Stock Ownership Plan, Total assets ($M): 472.716981 · Participants: 615Force America Inc. Employee Stock Ownership PlanAblenet, Inc. Employee Stock Ownership Plan, Total assets ($M): 459.837439 · Participants: 134Ablenet, Inc. Employee Stock Ownership Plan
First National Bank of Bemidji Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare First National Bank of Bemidji Employee Stock Ownership Plan and Trust side-by-side with 3 peers →

First National Bank of Bemidji Employee Stock Ownership Plan and Trust's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is Peerless Machine and Tool Corporation Employee Stock Ownership Plan in IN ($28M); by covered participants it is Integrus Holdings, Inc. Employee Stock Ownership Plan in VA (93 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (93 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 Bemidji Employee Stock Ownership Plan and Trust assets move in 2024? ▼
First National Bank of Bemidji Employee Stock Ownership Plan and Trust pulled back noticeably - down 6.4% during 2024, from $30M to $28M. Reported net income was -$1M.
How have First National Bank of Bemidji plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First National Bank of Bemidji's sponsor-wide assets declined 7.5%, from $30M to $28M.
Where does First National Bank of Bemidji Employee Stock Ownership Plan and Trust rank by assets among Form 5500 filers? ▼
First National Bank of Bemidji Employee Stock Ownership Plan and Trust ranks in the 76th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to First National Bank of Bemidji Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by assets is Peerless Machine and Tool Corporation Employee Stock Ownership Plan in IN ($28M, 51 participants).
Which ESOP plans cover a similar participant headcount to First National Bank of Bemidji Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by covered participants is Integrus Holdings, Inc. Employee Stock Ownership Plan in VA (93 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 410145155.

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.