401(k) · DOL Form 5500 · 2024

North State Bank 401(k) Plan

Data updated 2026-08-25

$31M
Total assets Below avg plan size
204
Participants Below avg headcount
78th
Percentile by assets National rank
$151,409
Avg per participant Above avg balance/head
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Official DOL plan name: North State Bank 401(k) Plan and ESOP · Sponsored by North State Bank · North Carolina · Finance & Insurance

$31M in assets, 204 participants

North State Bank's North State Bank 401(k) Plan and ESOP reported $31M in total assets and 204 participants in its 2024 DOL Form 5500 filing, ranking in the 78th 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.

  • #5,588 in Finance & Insurance (8,549 peers)

Coverage in North Carolina

North State Bank 401(k) Plan and ESOP covers 204 participants in North Carolina, about 25% of the average North Carolina filer (state average ~819 per filing). Assets: $31M.

#5,588
in Finance & Insurance (8,549 peers)
+6.2%
assets growth YoY
0.3×
vs typical plan assets (national mean)

North State Bank 401(k) Plan and ESOP's outsized position by total assets

North State Bank 401(k) Plan and ESOP vs every filed plan by assets

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

$30,887,510 Top 22% higher than 78% 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

North State Bank 401(k) Plan and ESOP 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. North State Bank 401(k) Plan and ESOP sits mid-pack in the medium band (204 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • North State Bank 401(k) Plan and ESOP reported net income fell from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • North State Bank 401(k) Plan and ESOP end-of-year assets rose from $29M in the plan year 2023 filing to $31M in the plan year 2024 filing.
  • North State Bank 401(k) Plan and ESOP reported participants rose from 195 in the plan year 2023 filing to 204 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 562183599 · North State Bank PY 2024 · 401(k)

North State Bank 401(k) Plan and ESOP · $31M · 204 · 78th

  • TYPE $31M
  • TYPE 204
  • TYPE 78th
  • TYPE 401(k)
  • TYPE near Lamson Dugan & Murray LLP Retirement Savings Plan
  • TYPE ind #5588

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 North Carolina →

North State Bank 401(k) Plan and ESOP in the asset neighbourhood

North State Bank 401(k) Plan and ESOPNorth State Bank 401(k) Plan…$31MLamson Dugan & Murray LLP Retirement Savings PlanLamson Dugan & Murray LLP Re…$31MThe Employer Group Retirement Savings PlanThe Employer Group Retiremen…$31MDhr International/Jobplex 401(k) Savings PlanDhr International/Jobplex 40…$31MGem State Radiology Profit Sharing PlanGem State Radiology Profit S…$31M
End-of-year total assets ($M) among North State Bank 401(k) Plan and ESOP and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$29M
Net Assets (End of Year)$31M
Net Income$2M
Employer EIN562183599
Plan Effective Date2000-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (North State Bank)

Sponsor-wide plan assets over time

All North State Bank plans reported in each filing year

Latest sponsor-wide plan assets
$31M 14.838151409559543% vs 2022
2024 filing year
$26M$28M$30M$32M 202220232024 $26.9M $30.9M ▲ +14.8%
Year Plans Participants Total Assets
2022 1 210 $27M
2023 1 195 $29M
2024 1 204 $31M

Nearby 401(k) Plans in North Carolina

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

North State Bank 401(k) Plan and ESOP vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -20020406080 Total assets ($B) Participants North State Bank 401(k) Plan and ESOP, Total assets ($B): 0.03088751 · Participants: 204North State Bank 401(k) Plan and ESOPThe Bank of America 401(k) Plan, Total assets ($B): 62.902405616 · Participants: 168963The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 16.316486587 · Participants: 39468Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 11.269744 · Participants: 27341Duke Energy Retirement Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 9.349291649 · Participants: 27070Nucor Corporation Profit Sharing and Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 9.231001739 · Participants: 52699Truist Financial Corporation 401(k) Savings Plan
North State Bank 401(k) Plan and ESOP vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare North State Bank 401(k) Plan and ESOP side-by-side with 3 peers →

North State Bank 401(k) Plan and ESOP's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Lamson Dugan & Murray LLP Retirement Savings Plan in NE ($31M); by covered participants it is S.W. Rodgers Co., Inc. 401(k)/Profit Sharing Plan in VA (204 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (204 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 North State Bank 401(k) Plan and ESOP assets move in 2024? ▼
North State Bank 401(k) Plan and ESOP grew at a solid clip - up 6.2% during 2024, from $29M to $31M. Reported net income was $2M.
How have North State Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), North State Bank's sponsor-wide assets grew 14.8%, from $27M to $31M.
Where does North State Bank 401(k) Plan and ESOP rank by assets among Form 5500 filers? ▼
North State Bank 401(k) Plan and ESOP ranks in the 78th 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 North State Bank 401(k) Plan and ESOP? ▼
Among 401(k) plans in other states, the closest by assets is Lamson Dugan & Murray LLP Retirement Savings Plan in NE ($31M, 99 participants).
Which 401(k) plans cover a similar participant headcount to North State Bank 401(k) Plan and ESOP? ▼
Among 401(k) plans in other states, the closest by covered participants is S.W. Rodgers Co., Inc. 401(k)/Profit Sharing Plan in VA (204 participants, $41M 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 562183599.

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.