401(k) · DOL Form 5500 · 2024

Ames National Corporation 401(k) Plan

Data updated 2026-08-25

$68M
Total assets Below avg plan size
268
Participants Below avg headcount
87th
Percentile by assets National rank
$253,094
Avg per participant Above avg balance/head
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Official DOL plan name: Ames National Corporation 401(k) Plan · Sponsored by Ames National Corporation · Iowa · Finance & Insurance

$68M in assets, 268 participants

Ames National Corporation's Ames National Corporation 401(k) Plan reported $68M in total assets and 268 participants in its 2024 DOL Form 5500 filing, ranking in the 87th 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.

  • #6,868 in Finance & Insurance (8,549 peers)

Coverage in Iowa

Ames National Corporation 401(k) Plan covers 268 participants in Iowa, about 44% of the average Iowa filer (state average ~609 per filing). Assets: $68M.

#6,868
in Finance & Insurance (8,549 peers)
+16.0%
assets growth YoY
0.7×
vs typical plan assets (national mean)

Ames National Corporation 401(k) Plan's outsized position by total assets

Ames National Corporation 401(k) Plan vs every filed plan by assets

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

$67,829,097 Top 13% higher than 87% 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

Ames National Corporation 401(k) 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. Ames National Corporation 401(k) Plan sits mid-pack in the medium band (268 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Ames National Corporation 401(k) Plan reported net income rose from $7M in the plan year 2023 filing to $9M in the plan year 2024 filing.
  • Ames National Corporation 401(k) Plan end-of-year assets rose from $58M in the plan year 2023 filing to $68M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 421039071 · Ames National Corporation PY 2024 · 401(k)

Ames National Corporation 401(k) Plan · $68M · 268 · 87th

  • SCH $68M
  • EBSA 268
  • PART 87th
  • TYPE 401(k)
  • NET near Kobre & Kim LLP 401(k) Profit Sharing Plan and Trust
  • BOOK ind #6868

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 Iowa →

Ames National Corporation 401(k) Plan in the asset neighbourhood

Privia Medical Group Gulf Coast Retirement PlanPrivia Medical Group Gulf Co…$68MParkland USA 401(k) Plan$68MAmes National Corporation 401(k) PlanAmes National Corporation 40…$68MKobre & Kim LLP 401(k) Profit Sharing Plan and TrustKobre & Kim LLP 401(k) Profi…$68MIlfc Retirement Savings 401(k) PlanIlfc Retirement Savings 401(…$68M
End-of-year total assets ($M) among Ames National Corporation 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Iowa filing particulars

Total Assets (Beginning of Year)$58M
Net Assets (End of Year)$68M
Net Income$9M
Employer EIN421039071
Plan Effective Date1971-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Ames National Corporation)

Sponsor-wide plan assets over time

All Ames National Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$68M 30.698844638047536% vs 2022
2024 filing year
$50M$55M$60M$65M$70M 202220232024 $51.9M $67.8M ▲ +30.7%
Year Plans Participants Total Assets
2022 1 273 $52M
2023 1 270 $58M
2024 1 268 $68M

Nearby 401(k) Plans in Iowa

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

Ames National Corporation 401(k) Plan vs. nearby 401(k) plans in Iowa, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -1012345 Total assets ($B) Participants Ames National Corporation 401(k) Plan, Total assets ($B): 0.067829097 · Participants: 268Ames National Corporation 401(k) PlanThe Principal Select Savings Plan, Total assets ($B): 4.579548793 · Participants: 12841The Principal Select Savings PlanThe Rsm US LLP Retirement Plan, Total assets ($B): 3.375271119 · Participants: 14728The Rsm US LLP Retirement PlanIowa Health System Section 401(k) Retirement Savings Plan, Total assets ($B): 3.306182291 · Participants: 25072Iowa Health System Section 401(k) Retirement Savings PlanThe Hy-Vee and Affiliates 401(k) Plan, Total assets ($B): 3.1084169 · Participants: 55411The Hy-Vee and Affiliates 401(k) PlanTransamerica 401(k) Retirement Savings Plan, Total assets ($B): 2.720479704 · Participants: 8059Transamerica 401(k) Retirement Savings Plan
Ames National Corporation 401(k) Plan vs. nearby 401(k) plans in Iowa, assets vs. participants
Compare Ames National Corporation 401(k) Plan side-by-side with 3 peers →

Ames National Corporation 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Iowa, the nearest 401(k) by assets is Kobre & Kim LLP 401(k) Profit Sharing Plan and Trust in NY ($68M); by covered participants it is Advantage Engineers, LLC 401(k) Plan in PA (268 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($68M here).

Similar participant headcount

Nearest other-state filings by covered participants (268 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 Ames National Corporation 401(k) Plan assets move in 2024? ▼
Ames National Corporation 401(k) Plan grew sharply - up 16.0% during 2024, from $58M to $68M. Reported net income was $9M.
How have Ames National Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Ames National Corporation's sponsor-wide assets grew 30.7%, from $52M to $68M.
Where does Ames National Corporation 401(k) Plan rank by assets among Form 5500 filers? ▼
Ames National Corporation 401(k) Plan ranks in the 87th 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 401(k) plans are similar in size to Ames National Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Kobre & Kim LLP 401(k) Profit Sharing Plan and Trust in NY ($68M, 255 participants).
Which 401(k) plans cover a similar participant headcount to Ames National Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Advantage Engineers, LLC 401(k) Plan in PA (268 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 421039071.

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.