ESOP · DOL Form 5500 · 2024

Richmond Mutual Bancorporation, Inc. ESOP

Data updated 2026-08-25

$15M
Total assets Small plan by assets
162
Participants Small participant base
65th
Percentile by assets National rank
$95,122
Avg per participant Below avg balance/head
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Official DOL plan name: Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan · Sponsored by Richmond Mutual Bancorporation, Inc. · Indiana · Management of Enterprises

$15M in assets, 162 participants

Richmond Mutual Bancorporation, Inc.'s Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan reported $15M in total assets and 162 participants in its 2024 DOL Form 5500 filing, ranking in the 65th 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.

  • #532 in Management of Enterprises (1,133 peers)

Coverage in Indiana

Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan covers 162 participants in Indiana, about 30% of the average Indiana filer (state average ~541 per filing). Assets: $15M.

#532
in Management of Enterprises (1,133 peers)
+22.6%
assets growth YoY

Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Management of Enterprises and all filers

Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$15,409,800 Top 35% higher than 65% 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

Richmond Mutual Bancorporation, Inc. 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. Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (162 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan reported net income rose from -$1M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan end-of-year assets rose from $13M in the plan year 2023 filing to $15M in the plan year 2024 filing.
  • Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan reported participants rose from 151 in the plan year 2023 filing to 162 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 364926041 · Richmond Mutual Bancorporation, Inc. PY 2024 · ESOP

Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan · $15M · 162 · 65th

  • PHOTO $15M
  • PHOTO 162
  • PHOTO 65th
  • PHOTO ESOP
  • PHOTO near The Chicago Lumber Company of Omaha Employee Stock Ownership Plan and Trust
  • PHOTO ind #532

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 Indiana →

Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Richmond Mutual Bancorporation, Inc. Employee Stock Ownership PlanRichmond Mutual Bancorporati…$15MThe Chicago Lumber Company of Omaha Employee Stock Ownership Plan and TrustThe Chicago Lumber Company o…$15MNickerson & O'day, Inc. Employee Stock Ownership PlanNickerson & O'day, Inc. Empl…$15MBank of Marin Employee Stock Ownership PlanBank of Marin Employee Stock…$15MVernon Holding Company, Inc. Employee Stock Ownership PlanVernon Holding Company, Inc.…$15M
End-of-year total assets ($M) among Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Indiana filing particulars

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$3M
Net Income$3M
Employer EIN364926041
Plan Effective Date2019-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Richmond Mutual Bancorporation, Inc.)

Sponsor-wide plan assets over time

All Richmond Mutual Bancorporation, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$15M 9.103869647999868% vs 2022
2024 filing year
$12M$13M$14M$15M$16M 202220232024 $14.1M $15.4M ▲ +9.1%
Year Plans Participants Total Assets
2022 1 144 $14M
2023 1 151 $13M
2024 1 162 $15M

Nearby ESOP Plans in Indiana

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

Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Indiana, assets vs. participants Scatter plot of 6 data points. -1000010002000300040005000 -0.500.511.522.5 Total assets ($B) Participants Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.0154098 · Participants: 162Richmond Mutual Bancorporation, Inc. Employee Stock Ownership PlanJasper Holdings, Inc Employee Stock Ownership Plan and Trust, Total assets ($B): 2.185109137 · Participants: 4295Jasper Holdings, Inc Employee Stock Ownership Plan and TrustUrschel Laboratories Employee Stock Ownership Plan, Total assets ($B): 0.432438721 · Participants: 509Urschel Laboratories Employee Stock Ownership PlanNibco Inc. Employee Stock Ownership Plan, Total assets ($B): 0.376983564 · Participants: 1370Nibco Inc. Employee Stock Ownership PlanDucharme, Mcmillen & Associates, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.170278352 · Participants: 622Ducharme, Mcmillen & Associates, Inc. Employee Stock Ownership PlanErmco, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.151428287 · Participants: 123Ermco, Inc. Employee Stock Ownership Plan
Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Indiana, assets vs. participants
Compare Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Indiana, the nearest ESOP by assets is The Chicago Lumber Company of Omaha Employee Stock Ownership Plan and Trust in NE ($15M); by covered participants it is Minnesota Elevator, Inc. Employee Stock Ownership Plan in MN (162 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (162 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 Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan grew sharply - up 22.6% during 2024, from $13M to $15M. Reported net income was $3M.
How have Richmond Mutual Bancorporation, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Richmond Mutual Bancorporation, Inc.'s sponsor-wide assets grew 9.1%, from $14M to $15M.
Which ESOP plans are similar in size to Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is The Chicago Lumber Company of Omaha Employee Stock Ownership Plan and Trust in NE ($15M, 65 participants).
Which ESOP plans cover a similar participant headcount to Richmond Mutual Bancorporation, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Minnesota Elevator, Inc. Employee Stock Ownership Plan in MN (162 participants, $74M 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 364926041.

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.