401(k) · DOL Form 5500 · 2024

Connection Bank 401(k) Plan

Data updated 2026-08-25

$6M
Total assets Small plan by assets
70
Participants Small participant base
45th
Percentile by assets National rank
$84,093
Avg per participant Below avg balance/head
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Official DOL plan name: Connection Bank 401(k) Profit Sharing Plan · Sponsored by Connection Bank · Iowa · Finance & Insurance

$6M in assets, 70 participants

Connection Bank's Connection Bank 401(k) Profit Sharing Plan reported $6M in total assets and 70 participants in its 2024 DOL Form 5500 filing, ranking in the 45th 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.

  • #2,616 in Finance & Insurance (8,549 peers)

What the 2024 filing shows

Connection Bank 401(k) Profit Sharing Plan holds $6M for 70 participants - about $84,093 per participant, in the lower half of filed plans by assets.

#2,616
in Finance & Insurance (8,549 peers)
+7.6%
assets growth YoY

Connection Bank 401(k) Profit Sharing Plan's mid-pack asset rank among Finance & Insurance and all filers

Connection Bank 401(k) Profit Sharing Plan vs every filed plan by assets

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

$5,886,542 45th percentile higher than 45% 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

Connection Bank 401(k) Profit Sharing Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Connection Bank 401(k) Profit Sharing Plan is a small filing (70 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Connection Bank 401(k) Profit Sharing Plan reported net income rose from -$921K in the plan year 2023 filing to $415K in the plan year 2024 filing.
  • Connection Bank 401(k) Profit Sharing Plan reported participants rose from 59 in the plan year 2023 filing to 70 in the plan year 2024 filing.
  • Connection Bank 401(k) Profit Sharing Plan end-of-year assets rose from $5M in the plan year 2023 filing to $6M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 420258320 · Connection Bank PY 2024 · 401(k)

Connection Bank 401(k) Profit Sharing Plan · $6M · 70 · 45th

  • VS-ST $6M
  • BOY 70
  • SCH 45th
  • EBSA 401(k)
  • PART near Yu Yao, M.D., a Professional Corporation 401(k) Plan
  • TYPE ind #2616

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 →

Connection Bank 401(k) Profit Sharing Plan in the asset neighbourhood

Connection Bank 401(k) Profit Sharing PlanConnection Bank 401(k) Profi…$6MYu Yao, M.D., a Professional Corporation 401(k) PlanYu Yao, M.D., a Professional…$6MAcademic Cardiology Associates, P.C. 401(k) Retirement PlanAcademic Cardiology Associat…$6MMorgan Newton Company, LP 401(k) Retirement Savings PlanMorgan Newton Company, LP 40…$6MDetroit Thermal Systems, LLC Salaried 401(k) PlanDetroit Thermal Systems, LLC…$6M
End-of-year total assets ($M) among Connection Bank 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Filing particulars (2024)

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$6M
Net Income$415K
Employer EIN420258320
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Connection Bank)

Sponsor-wide plan assets over time

All Connection Bank plans reported in each filing year

Latest sponsor-wide plan assets
$6M 7.581907142298422% vs 2023
2024 filing year
$5.4M$5.6M$5.8M$6M 20232024 $5.47M $5.89M ▲ +7.7%
Year Plans Participants Total Assets
2023 1 59 $5M
2024 1 70 $6M

Nearby 401(k) Plans in Iowa

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

Connection Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Iowa, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -20246 Total assets ($B) Participants Connection Bank 401(k) Profit Sharing Plan, Total assets ($B): 0.005886542 · Participants: 70Connection Bank 401(k) Profit Sharing 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
Connection Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Iowa, assets vs. participants
Compare Connection Bank 401(k) Profit Sharing Plan side-by-side with 3 peers →

Connection Bank 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Iowa, the nearest 401(k) by assets is Yu Yao, M.D., a Professional Corporation 401(k) Plan in CA ($6M); by covered participants it is Revenir Energy Services LLC 401(k) Plan in CO (70 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (70 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 Connection Bank 401(k) Profit Sharing Plan assets move in 2024? ▼
Connection Bank 401(k) Profit Sharing Plan grew at a solid clip - up 7.6% during 2024, from $5M to $6M. Reported net income was $415K.
How have Connection Bank plan assets changed over time? ▼
Across 2 plan years on file (2023-2024), Connection Bank's sponsor-wide assets grew 7.6%, from $5M to $6M.
Which 401(k) plans are similar in size to Connection Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Yu Yao, M.D., a Professional Corporation 401(k) Plan in CA ($6M, 10 participants).
Which 401(k) plans cover a similar participant headcount to Connection Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Revenir Energy Services LLC 401(k) Plan in CO (70 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 420258320.

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.