ESOP · DOL Form 5500 · 2024

Hmn Financial, Inc. ESOP

Data updated 2026-08-25

$9M
Total assets Small plan by assets
151
Participants Small participant base
54th
Percentile by assets National rank
$60,861
Avg per participant Low balance/head
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Official DOL plan name: Hmn Financial, Inc. Employee Stock Ownership Plan · Sponsored by Hmn Financial, Inc. · Minnesota · Finance & Insurance

$9M in assets, 151 participants

Hmn Financial, Inc.'s Hmn Financial, Inc. Employee Stock Ownership Plan reported $9M in total assets and 151 participants in its 2024 DOL Form 5500 filing, ranking in the 54th 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.

  • #3,239 in Finance & Insurance (8,549 peers)

Coverage in Minnesota

Hmn Financial, Inc. Employee Stock Ownership Plan covers 151 participants in Minnesota, about 13% of the average Minnesota filer (state average ~1,126 per filing). Assets: $9M.

#3,239
in Finance & Insurance (8,549 peers)
-17.1%
assets change YoY

Hmn Financial, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Hmn Financial, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$9,190,033 Top 46% higher than 54% 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

Hmn Financial, 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. Hmn Financial, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (151 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Hmn Financial, Inc. Employee Stock Ownership Plan reported net income fell from $884K in the plan year 2023 filing to $89K in the plan year 2024 filing.
  • Hmn Financial, Inc. Employee Stock Ownership Plan end-of-year assets fell from $11M in the plan year 2023 filing to $9M in the plan year 2024 filing.
  • Hmn Financial, Inc. Employee Stock Ownership Plan reported participants rose from 148 in the plan year 2023 filing to 151 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 411777397 · Hmn Financial, Inc. PY 2024 · ESOP

Hmn Financial, Inc. Employee Stock Ownership Plan · $9M · 151 · 54th

  • SCH $9M
  • EBSA 151
  • PART 54th
  • TYPE ESOP
  • NET near Gh Advertising, Inc. Employee Stock Ownership Plan
  • BOOK ind #3239

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 Minnesota →

Hmn Financial, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Hawk Trailers, Inc. Employee Stock Ownership PlanHawk Trailers, Inc. Employee…$9MJpra Architects, Ltd. Employee Stock Ownership PlanJpra Architects, Ltd. Employ…$9MHmn Financial, Inc. Employee Stock Ownership PlanHmn Financial, Inc. Employee…$9MGh Advertising, Inc. Employee Stock Ownership PlanGh Advertising, Inc. Employe…$9MSelway Machine Tool Co., Inc. Employee Stock Ownership PlanSelway Machine Tool Co., Inc…$9M
End-of-year total assets ($M) among Hmn Financial, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$9M
Net Income$89K
Employer EIN411777397
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Hmn Financial, Inc.)

Sponsor-wide plan assets over time

All Hmn Financial, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$9M 12.974218965359032% vs 2022
2024 filing year
$9M$10M$11M$12M 202220232024 $10.6M $9.19M ▼ -13.0%
Year Plans Participants Total Assets
2022 1 157 $11M
2023 1 148 $11M
2024 1 151 $9M

Nearby ESOP Plans in Minnesota

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

Hmn Financial, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -500050010001500 Total assets ($M) Participants Hmn Financial, Inc. Employee Stock Ownership Plan, Total assets ($M): 9.190033 · Participants: 151Hmn Financial, Inc. Employee Stock Ownership PlanAndersen Corporation Employee Stock Ownership Plan, Total assets ($M): 962.686911 · Participants: 12104Andersen Corporation Employee Stock Ownership PlanLandscape Structures, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 593.784492 · Participants: 490Landscape Structures, Inc. Employee Stock Ownership Plan and TrustKingdom Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 593.525018 · Participants: 782Kingdom Enterprises, Inc. Employee Stock Ownership PlanForce America Inc. Employee Stock Ownership Plan, Total assets ($M): 472.716981 · Participants: 615Force America Inc. Employee Stock Ownership PlanAblenet, Inc. Employee Stock Ownership Plan, Total assets ($M): 459.837439 · Participants: 134Ablenet, Inc. Employee Stock Ownership Plan
Hmn Financial, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Hmn Financial, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Hmn Financial, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is Gh Advertising, Inc. Employee Stock Ownership Plan in PA ($9M); by covered participants it is Honat Bancorp, Inc. Employee Stock Ownership Plan W/401(k) Provisions in PA (151 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (151 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 Hmn Financial, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Hmn Financial, Inc. Employee Stock Ownership Plan declined sharply - down 17.1% during 2024, from $11M to $9M. Reported net income was $89K.
How have Hmn Financial, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Hmn Financial, Inc.'s sponsor-wide assets declined 13.0%, from $11M to $9M.
Which ESOP plans are similar in size to Hmn Financial, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Gh Advertising, Inc. Employee Stock Ownership Plan in PA ($9M, 97 participants).
Which ESOP plans cover a similar participant headcount to Hmn Financial, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Honat Bancorp, Inc. Employee Stock Ownership Plan W/401(k) Provisions in PA (151 participants, $31M 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 411777397.

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.