ESOP · DOL Form 5500 · 2024

North Salem State Bank ESOP

Data updated 2026-08-25

$1M
Total assets Small plan by assets
79
Participants Small participant base
23rd
Percentile by assets National rank
$12,960
Avg per participant Low balance/head
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Official DOL plan name: North Salem State Bank Employee Stock Ownership Plan · Sponsored by North Salem State Bank · Indiana · Finance & Insurance

$1M in assets, 79 participants

North Salem State Bank's North Salem State Bank Employee Stock Ownership Plan reported $1M in total assets and 79 participants in its 2024 DOL Form 5500 filing, ranking in the 23rd 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.

  • #1,145 in Finance & Insurance (8,549 peers)

North Salem State Bank multi-year trail

North Salem State Bank's plans moved +53.4% in assets from 2022 to 2024; this filing shows North Salem State Bank Employee Stock Ownership Plan at $1M / 79 participants.

#1,145
in Finance & Insurance (8,549 peers)
+79.7%
assets growth YoY

North Salem State Bank Employee Stock Ownership Plan among the smaller filed plans by assets

North Salem State Bank Employee Stock Ownership Plan vs every filed plan by assets

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

$1,023,823 23rd percentile higher than 23% 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 Salem State Bank Employee Stock Ownership 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. North Salem State Bank Employee Stock Ownership Plan is a small filing (79 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • North Salem State Bank Employee Stock Ownership Plan reported net income rose from $199K in the plan year 2023 filing to $454K in the plan year 2024 filing.
  • North Salem State Bank Employee Stock Ownership Plan end-of-year assets rose from $570K in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • North Salem State Bank Employee Stock Ownership Plan reported participants rose from 74 in the plan year 2023 filing to 79 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 350551480 · North Salem State Bank PY 2024 · ESOP

North Salem State Bank Employee Stock Ownership Plan · $1M · 79 · 23rd

  • 5500 $1M
  • 5500 79
  • 5500 23rd
  • 5500 ESOP
  • 5500 near Semple Brown Design, P. C. Employee Stock Ownership Plan
  • 5500 ind #1145

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 →

North Salem State Bank Employee Stock Ownership Plan in the asset neighbourhood

North Salem State Bank Employee Stock Ownership PlanNorth Salem State Bank Emplo…$1MSemple Brown Design, P. C. Employee Stock Ownership PlanSemple Brown Design, P. C. E…$1MWater Medic of Cape Coral Inc. Employee Stock Ownership PlanWater Medic of Cape Coral In…$1MCouts Heating and Cooling, Inc. Employee Stock Ownership PlanCouts Heating and Cooling, I…$1MSacred Wind Employee Stock Ownership PlanSacred Wind Employee Stock O…$1M
End-of-year total assets ($M) among North Salem State Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

North Salem State Bank multi-year asset trail

Sponsor-wide plan assets over time

All North Salem State Bank plans reported in each filing year

Latest sponsor-wide plan assets
$7M 53.37237498827686% vs 2022
2024 filing year
$4M$5M$6M$7M$8M 202220232024 $4.88M $7.49M ▲ +53.5%
Year Plans Participants Total Assets
2022 2 155 $5M
2023 2 164 $6M
2024 2 174 $7M

North Salem State Bank filing trail (2024)

Total Assets (Beginning of Year)$570K
Net Assets (End of Year)$1M
Net Income$454K
Employer EIN350551480
Plan Effective Date2021-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Indiana

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

North Salem State Bank 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 ($B) Participants North Salem State Bank Employee Stock Ownership Plan, Total assets ($B): 0.001023823 · Participants: 79North Salem State Bank 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
North Salem State Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Indiana, assets vs. participants
Compare North Salem State Bank Employee Stock Ownership Plan side-by-side with 3 peers →

North Salem State Bank Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Indiana, the nearest ESOP by assets is Semple Brown Design, P. C. Employee Stock Ownership Plan in CO ($1M); by covered participants it is Bank of Sun Prairie Employee Stock Ownership Plan in WI (79 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (79 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 Salem State Bank Employee Stock Ownership Plan assets move in 2024? ▼
North Salem State Bank Employee Stock Ownership Plan surged - up 79.7% during 2024, from $570K to $1M. Reported net income was $454K.
How have North Salem State Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), North Salem State Bank's sponsor-wide assets grew 53.4%, from $5M to $7M.
Where does North Salem State Bank Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
North Salem State Bank Employee Stock Ownership Plan ranks in the 23rd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the smaller plans by assets on file).
Which ESOP plans are similar in size to North Salem State Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Semple Brown Design, P. C. Employee Stock Ownership Plan in CO ($1M, 27 participants).
Which ESOP plans cover a similar participant headcount to North Salem State Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Bank of Sun Prairie Employee Stock Ownership Plan in WI (79 participants, $3M 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 350551480.

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.