ESOP · DOL Form 5500 · 2024

Hills Bank and Trust Company ESOP

Data updated 2026-08-25

$59M
Total assets Below avg plan size
445
Participants Below avg headcount
86th
Percentile by assets National rank
$132,213
Avg per participant Near avg balance/head
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Official DOL plan name: Hills Bank and Trust Employee Stock Ownership Plan · Sponsored by Hills Bank and Trust Company · Iowa · Finance & Insurance

$59M in assets, 445 participants

Hills Bank and Trust Company's Hills Bank and Trust Employee Stock Ownership Plan reported $59M in total assets and 445 participants in its 2024 DOL Form 5500 filing, ranking in the 86th 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.

  • #6,676 in Finance & Insurance (8,549 peers)

Where Hills Bank and Trust Employee Stock Ownership Plan sits by assets

Hills Bank and Trust Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $59M for 445 participants (~$132,213/participant), up 6.9% in 2024.

#6,676
in Finance & Insurance (8,549 peers)
+6.9%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Hills Bank and Trust Employee Stock Ownership Plan's outsized position by total assets

Hills Bank and Trust Employee Stock Ownership Plan vs every filed plan by assets

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

$58,834,850 Top 14% higher than 86% 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

Hills Bank and Trust Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Hills Bank and Trust Employee Stock Ownership Plan sits mid-pack in the medium band (445 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Hills Bank and Trust Employee Stock Ownership Plan reported net income rose from -$5M in the plan year 2023 filing to $4M in the plan year 2024 filing.
  • Hills Bank and Trust Employee Stock Ownership Plan end-of-year assets rose from $55M in the plan year 2023 filing to $59M in the plan year 2024 filing.
  • Hills Bank and Trust Employee Stock Ownership Plan reported participants rose from 420 in the plan year 2023 filing to 445 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 420310580 · Hills Bank and Trust Company PY 2024 · ESOP

Hills Bank and Trust Employee Stock Ownership Plan · $59M · 445 · 86th

  • IND $59M
  • IND 445
  • IND 86th
  • IND ESOP
  • IND near Component Plastics, Inc. Employee Stock Ownership Plan
  • IND ind #6676

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 Iowa →

Hills Bank and Trust Employee Stock Ownership Plan in the asset neighbourhood

Churchill Holdings, Inc. Employee Stock Ownership PlanChurchill Holdings, Inc. Emp…$59MXtekinc Employee Stock Ownership PlanXtekinc Employee Stock Owner…$59MHills Bank and Trust Employee Stock Ownership PlanHills Bank and Trust Employe…$59MComponent Plastics, Inc. Employee Stock Ownership PlanComponent Plastics, Inc. Emp…$59MJwd Group, Inc Employee Stock Ownership PlanJwd Group, Inc Employee Stoc…$59M
End-of-year total assets ($M) among Hills Bank and Trust Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$55M
Net Assets (End of Year)$59M
Net Income$4M
Employer EIN420310580
Plan Effective Date1974-12-31
Filing StatusFILING RECEIVED

Sponsor Plan History (Hills Bank and Trust Company)

Sponsor-wide plan assets over time

All Hills Bank and Trust Company plans reported in each filing year

Latest sponsor-wide plan assets
$141M 17.404568179420625% vs 2022
2024 filing year
$110M$120M$130M$140M$150M 202220232024 $120M $141M ▲ +17.4%
Year Plans Participants Total Assets
2022 2 915 $120M
2023 2 922 $129M
2024 2 950 $141M

Nearby ESOP Plans in Iowa

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

Hills Bank and Trust Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants Scatter plot of 6 data points. 400600800100012001400 02004006008001000 Total assets ($M) Participants Hills Bank and Trust Employee Stock Ownership Plan, Total assets ($M): 58.83485 · Participants: 445Hills Bank and Trust Employee Stock Ownership PlanEmployee Owned Brands, Inc. Employee Stock Ownership Plan, Total assets ($M): 877.41862 · Participants: 819Employee Owned Brands, Inc. Employee Stock Ownership PlanVan Meter Industrial, Inc. Employee Stock Ownership Plan, Total assets ($M): 658.666503 · Participants: 849Van Meter Industrial, Inc. Employee Stock Ownership PlanIta Group Holdings, Inc. Employees' Stock Ownership Plan, Total assets ($M): 498.079165 · Participants: 907Ita Group Holdings, Inc. Employees' Stock Ownership PlanPrecision, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 472.977214 · Participants: 658Precision, Inc. Employee Stock Ownership Plan and TrustVgm Group, Inc. Employee Stock Ownership Plan, Total assets ($M): 426.304167 · Participants: 1169Vgm Group, Inc. Employee Stock Ownership Plan
Hills Bank and Trust Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants
Compare Hills Bank and Trust Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Iowa, the nearest ESOP by assets is Component Plastics, Inc. Employee Stock Ownership Plan in IL ($59M); by covered participants it is First Amended and Restated Creative Financial Staffing, Inc. Employee Stock Ownership Plan in MA (445 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (445 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 Hills Bank and Trust Employee Stock Ownership Plan assets move in 2024? ▼
Hills Bank and Trust Employee Stock Ownership Plan grew at a solid clip - up 6.9% during 2024, from $55M to $59M. Reported net income was $4M.
How have Hills Bank and Trust Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Hills Bank and Trust Company's sponsor-wide assets grew 17.4%, from $120M to $141M.
Where does Hills Bank and Trust Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Hills Bank and Trust Employee Stock Ownership Plan ranks in the 86th 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 Hills Bank and Trust Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Component Plastics, Inc. Employee Stock Ownership Plan in IL ($59M, 50 participants).
Which ESOP plans cover a similar participant headcount to Hills Bank and Trust Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is First Amended and Restated Creative Financial Staffing, Inc. Employee Stock Ownership Plan in MA (445 participants, $253M 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 420310580.

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.