401(k) · DOL Form 5500 · 2024

American Federal Bank 401(k) Plan

Data updated 2026-08-25

$29M
Total assets Below avg plan size
132
Participants Small participant base
77th
Percentile by assets National rank
$222,835
Avg per participant Above avg balance/head
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Official DOL plan name: American Federal Bank 401(k) Profit Sharing Plan · Sponsored by American Federal Bank · North Dakota · Finance & Insurance

$29M in assets, 132 participants

American Federal Bank's American Federal Bank 401(k) Profit Sharing Plan reported $29M in total assets and 132 participants in its 2024 DOL Form 5500 filing, ranking in the 77th 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.

  • #5,493 in Finance & Insurance (8,549 peers)

Coverage in North Dakota

American Federal Bank 401(k) Profit Sharing Plan covers 132 participants in North Dakota, about 26% of the average North Dakota filer (state average ~504 per filing). Assets: $29M.

#5,493
in Finance & Insurance (8,549 peers)
+17.1%
assets growth YoY
0.3×
vs typical plan assets (national mean)

American Federal Bank 401(k) Profit Sharing Plan's outsized position by total assets

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

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

$29,414,263 Top 23% higher than 77% 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

American Federal Bank 401(k) Profit Sharing 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. American Federal Bank 401(k) Profit Sharing Plan sits mid-pack in the medium band (132 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • American Federal Bank 401(k) Profit Sharing Plan reported net income fell from $5M in the plan year 2023 filing to $4M in the plan year 2024 filing.
  • American Federal Bank 401(k) Profit Sharing Plan end-of-year assets rose from $25M in the plan year 2023 filing to $29M in the plan year 2024 filing.
  • American Federal Bank 401(k) Profit Sharing Plan reported participants rose from 123 in the plan year 2023 filing to 132 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 410229822 · American Federal Bank PY 2024 · 401(k)

American Federal Bank 401(k) Profit Sharing Plan · $29M · 132 · 77th

  • BOOK $29M
  • BOOK 132
  • BOOK 77th
  • BOOK 401(k)
  • BOOK near Virginia Transformer Corp Profit Sharing and Retirement Plan
  • BOOK ind #5493

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 North Dakota →

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

Saviynt, Inc. 401(k) Profit Sharing PlanSaviynt, Inc. 401(k) Profit …$29MCymstar Retirement Plan$29MEdfinancial Services, LLC 401(k) PlanEdfinancial Services, LLC 40…$29MAmerican Federal Bank 401(k) Profit Sharing PlanAmerican Federal Bank 401(k)…$29MVirginia Transformer Corp Profit Sharing and Retirement PlanVirginia Transformer Corp Pr…$29M
End-of-year total assets ($M) among American Federal Bank 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

North Dakota filing particulars

Total Assets (Beginning of Year)$25M
Net Assets (End of Year)$29M
Net Income$4M
Employer EIN410229822
Plan Effective Date1968-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (American Federal Bank)

Sponsor-wide plan assets over time

All American Federal Bank plans reported in each filing year

Latest sponsor-wide plan assets
$45M 23.293767231051575% vs 2022
2024 filing year
$35M$40M$45M$50M 202220232024 $36.1M $44.5M ▲ +23.3%
Year Plans Participants Total Assets
2022 2 232 $36M
2023 2 230 $40M
2024 2 245 $45M

Nearby 401(k) Plans in North Dakota

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

American Federal Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -101234 Total assets ($B) Participants American Federal Bank 401(k) Profit Sharing Plan, Total assets ($B): 0.029414263 · Participants: 132American Federal Bank 401(k) Profit Sharing PlanSanford Retirement Savings Plan, Total assets ($B): 3.602462001 · Participants: 31958Sanford Retirement Savings PlanKnife River Corporation 401(k) Retirement Plan, Total assets ($B): 0.856387415 · Participants: 5327Knife River Corporation 401(k) Retirement PlanMdu Resources Group, Inc. 401(k) Retirement Plan, Total assets ($B): 0.775551136 · Participants: 3465Mdu Resources Group, Inc. 401(k) Retirement PlanEide Bailly LLP 401(k) Profit Sharing Plan, Total assets ($B): 0.615317303 · Participants: 2920Eide Bailly LLP 401(k) Profit Sharing PlanOffutt Companies 401(k) Savings Plan, Total assets ($B): 0.591992052 · Participants: 5199Offutt Companies 401(k) Savings Plan
American Federal Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants
Compare American Federal Bank 401(k) Profit Sharing Plan side-by-side with 3 peers →

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

Outside North Dakota, the nearest 401(k) by assets is Virginia Transformer Corp Profit Sharing and Retirement Plan in VA ($29M); by covered participants it is Oiwk 401(k) Profit Sharing Plan in KY (132 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($29M here).

Similar participant headcount

Nearest other-state filings by covered participants (132 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 American Federal Bank 401(k) Profit Sharing Plan assets move in 2024? ▼
American Federal Bank 401(k) Profit Sharing Plan grew sharply - up 17.1% during 2024, from $25M to $29M. Reported net income was $4M.
How have American Federal Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), American Federal Bank's sponsor-wide assets grew 23.3%, from $36M to $45M.
Where does American Federal Bank 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
American Federal Bank 401(k) Profit Sharing Plan ranks in the 77th 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 401(k) plans are similar in size to American Federal Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Virginia Transformer Corp Profit Sharing and Retirement Plan in VA ($29M, 1,433 participants).
Which 401(k) plans cover a similar participant headcount to American Federal Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Oiwk 401(k) Profit Sharing Plan in KY (132 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 410229822.

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.