401(k) · DOL Form 5500 · 2024

First State Bank Southwest 401(k) Plan

Data updated 2026-08-25

$23M
Total assets Small plan by assets
42
Participants Small participant base
73rd
Percentile by assets National rank
$555,011
Avg per participant High balance/head
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Official DOL plan name: First State Bank Southwest Ksop Plan and Trust · Sponsored by First State Bank Southwest · Minnesota · Finance & Insurance

$23M in assets, 42 participants

First State Bank Southwest's First State Bank Southwest Ksop Plan and Trust reported $23M in total assets and 42 participants in its 2024 DOL Form 5500 filing, ranking in the 73rd 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.

  • #5,056 in Finance & Insurance (8,549 peers)

First State Bank Southwest multi-year trail

First State Bank Southwest's plans moved +22.5% in assets from 2022 to 2024; this filing shows First State Bank Southwest Ksop Plan and Trust at $23M / 42 participants.

#5,056
in Finance & Insurance (8,549 peers)
+10.9%
assets growth YoY

First State Bank Southwest Ksop Plan and Trust's outsized position by total assets

First State Bank Southwest Ksop Plan and Trust vs every filed plan by assets

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

$23,310,457 Top 27% higher than 73% 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

First State Bank Southwest Ksop Plan and Trust among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First State Bank Southwest Ksop Plan and Trust is a small filing (42 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First State Bank Southwest Ksop Plan and Trust reported net income rose from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • First State Bank Southwest Ksop Plan and Trust end-of-year assets rose from $21M in the plan year 2023 filing to $23M in the plan year 2024 filing.
  • First State Bank Southwest Ksop Plan and Trust reported participants rose from 40 in the plan year 2023 filing to 42 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 410514195 · First State Bank Southwest PY 2024 · 401(k)

First State Bank Southwest Ksop Plan and Trust · $23M · 42 · 73rd

  • EIN $23M
  • RANK 42
  • PHOTO 73rd
  • IND 401(k)
  • EOY near J.W. Pepper & Son, Inc. 401(k) Savings and Investment Plan
  • 5500 ind #5056

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 Minnesota →

First State Bank Southwest Ksop Plan and Trust in the asset neighbourhood

Ac Johnston 401(k) Plan$23MFirst State Bank Southwest Ksop Plan and TrustFirst State Bank Southwest K…$23MJ.W. Pepper & Son, Inc. 401(k) Savings and Investment PlanJ.W. Pepper & Son, Inc. 401(…$23MMp Materials Corp. 401(k) PlanMp Materials Corp. 401(k) Pl…$23MPeco Pallet Inc. 401(k) Plan$23M
End-of-year total assets ($M) among First State Bank Southwest Ksop Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

First State Bank Southwest multi-year asset trail

Sponsor-wide plan assets over time

All First State Bank Southwest plans reported in each filing year

Latest sponsor-wide plan assets
$23M 22.460843111928014% vs 2022
2024 filing year
$18M$20M$22M$24M 202220232024 $19M $23.3M ▲ +22.4%
Year Plans Participants Total Assets
2022 1 45 $19M
2023 1 40 $21M
2024 1 42 $23M

First State Bank Southwest filing trail (2024)

Total Assets (Beginning of Year)$21M
Net Assets (End of Year)$23M
Net Income$2M
Employer EIN410514195
Plan Effective Date1986-10-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Minnesota

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

First State Bank Southwest Ksop Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -20020406080 Total assets ($B) Participants First State Bank Southwest Ksop Plan and Trust, Total assets ($B): 0.023310457 · Participants: 42First State Bank Southwest Ksop Plan and TrustWells Fargo & Company 401(k) Plan, Total assets ($B): 57.886997456 · Participants: 179076Wells Fargo & Company 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 26.618762181 · Participants: 205460Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 14.419645154 · Participants: 409649Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 13.719378 · Participants: 38480Medtronic Savings and Investment PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 11.442089862 · Participants: 73109U.S. Bank 401(k) Savings Plan
First State Bank Southwest Ksop Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare First State Bank Southwest Ksop Plan and Trust side-by-side with 3 peers →

First State Bank Southwest Ksop Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is J.W. Pepper & Son, Inc. 401(k) Savings and Investment Plan in PA ($23M); by covered participants it is Laforce, LLC Union 401(k) Profit Sharing Plan and Trust in WI (42 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($23M here).

Similar participant headcount

Nearest other-state filings by covered participants (42 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 First State Bank Southwest Ksop Plan and Trust assets move in 2024? ▼
First State Bank Southwest Ksop Plan and Trust grew at a solid clip - up 10.9% during 2024, from $21M to $23M. Reported net income was $2M.
How have First State Bank Southwest plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First State Bank Southwest's sponsor-wide assets grew 22.5%, from $19M to $23M.
Which 401(k) plans are similar in size to First State Bank Southwest Ksop Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is J.W. Pepper & Son, Inc. 401(k) Savings and Investment Plan in PA ($23M, 162 participants).
Which 401(k) plans cover a similar participant headcount to First State Bank Southwest Ksop Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Laforce, LLC Union 401(k) Profit Sharing Plan and Trust in WI (42 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 410514195.

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.