ESOP · DOL Form 5500 · 2024

First Citizens Financial Corp ESOP

Data updated 2026-08-25

$35M
Total assets Below avg plan size
199
Participants Below avg headcount
80th
Percentile by assets National rank
$177,902
Avg per participant Above avg balance/head
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Official DOL plan name: First Citizens Financial Corp Employee Stock Ownership Plan · Sponsored by First Citizens Financial Corp · Iowa · Finance & Insurance

$35M in assets, 199 participants

First Citizens Financial Corp's First Citizens Financial Corp Employee Stock Ownership Plan reported $35M in total assets and 199 participants in its 2024 DOL Form 5500 filing, ranking in the 80th 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.

  • #5,848 in Finance & Insurance (8,549 peers)

Coverage in Iowa

First Citizens Financial Corp Employee Stock Ownership Plan covers 199 participants in Iowa, about 33% of the average Iowa filer (state average ~609 per filing). Assets: $35M.

#5,848
in Finance & Insurance (8,549 peers)
+4.5%
assets growth YoY
0.4×
vs typical plan assets (national mean)

First Citizens Financial Corp Employee Stock Ownership Plan's outsized position by total assets

First Citizens Financial Corp Employee Stock Ownership Plan vs every filed plan by assets

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

$35,402,481 Top 20% higher than 80% 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 Citizens Financial Corp 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. First Citizens Financial Corp Employee Stock Ownership Plan sits mid-pack in the medium band (199 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First Citizens Financial Corp Employee Stock Ownership Plan reported net income rose from -$549K in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • First Citizens Financial Corp Employee Stock Ownership Plan end-of-year assets rose from $34M in the plan year 2023 filing to $35M in the plan year 2024 filing.
  • First Citizens Financial Corp Employee Stock Ownership Plan reported participants rose from 194 in the plan year 2023 filing to 199 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 421113318 · First Citizens Financial Corp PY 2024 · ESOP

First Citizens Financial Corp Employee Stock Ownership Plan · $35M · 199 · 80th

  • TYPE $35M
  • TYPE 199
  • TYPE 80th
  • TYPE ESOP
  • TYPE near Force Companies ESOP
  • TYPE ind #5848

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 Iowa →

First Citizens Financial Corp Employee Stock Ownership Plan in the asset neighbourhood

Chestnut Ridge Foam, Inc. Employee Stock Ownership PlanChestnut Ridge Foam, Inc. Em…$35MForce Companies ESOP$35MForce Companies ESOP$35MFirst Citizens Financial Corp Employee Stock Ownership PlanFirst Citizens Financial Cor…$35MCarolina Products, Inc. Employee Stock Ownership PlanCarolina Products, Inc. Empl…$35M
End-of-year total assets ($M) among First Citizens Financial Corp Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Iowa filing particulars

Total Assets (Beginning of Year)$34M
Net Assets (End of Year)$35M
Net Income$2M
Employer EIN421113318
Plan Effective Date1991-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Citizens Financial Corp)

Sponsor-wide plan assets over time

All First Citizens Financial Corp plans reported in each filing year

Latest sponsor-wide plan assets
$77M 19.81414810302251% vs 2022
2024 filing year
$60M$65M$70M$75M$80M 202220232024 $64.5M $77.2M ▲ +19.8%
Year Plans Participants Total Assets
2022 2 389 $64M
2023 2 415 $69M
2024 2 413 $77M

Nearby ESOP Plans in Iowa

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

First Citizens Financial Corp Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants Scatter plot of 6 data points. 050010001500 -20002004006008001000 Total assets ($M) Participants First Citizens Financial Corp Employee Stock Ownership Plan, Total assets ($M): 35.402481 · Participants: 199First Citizens Financial Corp Employee Stock Ownership PlanEmployee Owned Brands, Inc. Employee Stock Ownership Plan, Total assets ($M): 877.41862 · Participants: 819Employee Owned Brands, Inc. Employee Stock Ownership PlanVan Meter Industrial, Inc. Employee Stock Ownership Plan, Total assets ($M): 658.666503 · Participants: 849Van Meter Industrial, Inc. Employee Stock Ownership PlanIta Group Holdings, Inc. Employees' Stock Ownership Plan, Total assets ($M): 498.079165 · Participants: 907Ita Group Holdings, Inc. Employees' Stock Ownership PlanPrecision, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 472.977214 · Participants: 658Precision, Inc. Employee Stock Ownership Plan and TrustVgm Group, Inc. Employee Stock Ownership Plan, Total assets ($M): 426.304167 · Participants: 1169Vgm Group, Inc. Employee Stock Ownership Plan
First Citizens Financial Corp Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants
Compare First Citizens Financial Corp Employee Stock Ownership Plan side-by-side with 3 peers →

First Citizens Financial Corp Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Iowa, the nearest ESOP by assets is Force Companies ESOP in IN ($35M); by covered participants it is Dekker Employee Stock Ownership Plan in NM (199 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($35M here).

Similar participant headcount

Nearest other-state filings by covered participants (199 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 Citizens Financial Corp Employee Stock Ownership Plan assets move in 2024? ▼
First Citizens Financial Corp Employee Stock Ownership Plan edged up modestly - up 4.5% during 2024, from $34M to $35M. Reported net income was $2M.
How have First Citizens Financial Corp plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Citizens Financial Corp's sponsor-wide assets grew 19.8%, from $64M to $77M.
Where does First Citizens Financial Corp Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
First Citizens Financial Corp Employee Stock Ownership Plan ranks in the 80th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to First Citizens Financial Corp Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Force Companies ESOP in IN ($35M, 49 participants).
Which ESOP plans cover a similar participant headcount to First Citizens Financial Corp Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Dekker Employee Stock Ownership Plan in NM (199 participants, $2M 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 421113318.

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.