401(k) · DOL Form 5500 · 2024

Home Federal Savings Bank 401(k) Plan

Data updated 2026-08-25

$33M
Total assets Below avg plan size
168
Participants Small participant base
79th
Percentile by assets National rank
$198,205
Avg per participant Above avg balance/head
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Official DOL plan name: Home Federal Savings Bank 401(k) Retirement Plan · Sponsored by Home Federal Savings Bank · Minnesota · Finance & Insurance

$33M in assets, 168 participants

Home Federal Savings Bank's Home Federal Savings Bank 401(k) Retirement Plan reported $33M in total assets and 168 participants in its 2024 DOL Form 5500 filing, ranking in the 79th 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.

  • #5,725 in Finance & Insurance (8,549 peers)

Coverage in Minnesota

Home Federal Savings Bank 401(k) Retirement Plan covers 168 participants in Minnesota, about 15% of the average Minnesota filer (state average ~1,126 per filing). Assets: $33M.

#5,725
in Finance & Insurance (8,549 peers)
+8.3%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Home Federal Savings Bank 401(k) Retirement Plan's outsized position by total assets

Home Federal Savings Bank 401(k) Retirement Plan vs every filed plan by assets

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

$33,298,475 Top 21% higher than 79% 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

Home Federal Savings Bank 401(k) Retirement 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. Home Federal Savings Bank 401(k) Retirement Plan sits mid-pack in the medium band (168 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Home Federal Savings Bank 401(k) Retirement Plan reported net income fell from $5M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Home Federal Savings Bank 401(k) Retirement Plan end-of-year assets rose from $31M in the plan year 2023 filing to $33M in the plan year 2024 filing.
  • Home Federal Savings Bank 401(k) Retirement Plan reported participants fell from 175 in the plan year 2023 filing to 168 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 410318319 · Home Federal Savings Bank PY 2024 · 401(k)

Home Federal Savings Bank 401(k) Retirement Plan · $33M · 168 · 79th

  • PHOTO $33M
  • PHOTO 168
  • PHOTO 79th
  • PHOTO 401(k)
  • PHOTO near Gainsco, Inc. 401(k) Plan
  • PHOTO ind #5725

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 →

Home Federal Savings Bank 401(k) Retirement Plan in the asset neighbourhood

Home Federal Savings Bank 401(k) Retirement PlanHome Federal Savings Bank 40…$33MGainsco, Inc. 401(k) Plan$33MRetirement Savings Plan for Production Employees of Seaboard CorporationRetirement Savings Plan for …$33MPbi-Gordon Companies, Inc. 401(k) Retirement Savings PlanPbi-Gordon Companies, Inc. 4…$33MJohn Knox Village Retirement PlanJohn Knox Village Retirement…$33M
End-of-year total assets ($M) among Home Federal Savings Bank 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$31M
Net Assets (End of Year)$33M
Net Income$3M
Employer EIN410318319
Plan Effective Date1992-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Home Federal Savings Bank)

Sponsor-wide plan assets over time

All Home Federal Savings Bank plans reported in each filing year

Latest sponsor-wide plan assets
$33M 30.575311367756285% vs 2022
2024 filing year
$20M$25M$30M$35M 202220232024 $25.5M $33.3M ▲ +30.6%
Year Plans Participants Total Assets
2022 1 184 $26M
2023 1 175 $31M
2024 1 168 $33M

Nearby 401(k) Plans in Minnesota

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

Home Federal Savings Bank 401(k) Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -20020406080 Total assets ($B) Participants Home Federal Savings Bank 401(k) Retirement Plan, Total assets ($B): 0.033298475 · Participants: 168Home Federal Savings Bank 401(k) Retirement PlanWells 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
Home Federal Savings Bank 401(k) Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Home Federal Savings Bank 401(k) Retirement Plan side-by-side with 3 peers →

Home Federal Savings Bank 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Gainsco, Inc. 401(k) Plan in TX ($33M); by covered participants it is Illinois Retina Associates, S.C. 401(k) Plan in IL (168 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (168 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 Home Federal Savings Bank 401(k) Retirement Plan assets move in 2024? ▼
Home Federal Savings Bank 401(k) Retirement Plan grew at a solid clip - up 8.3% during 2024, from $31M to $33M. Reported net income was $3M.
How have Home Federal Savings Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Home Federal Savings Bank's sponsor-wide assets grew 30.6%, from $26M to $33M.
Where does Home Federal Savings Bank 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼
Home Federal Savings Bank 401(k) Retirement Plan ranks in the 79th 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 Home Federal Savings Bank 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Gainsco, Inc. 401(k) Plan in TX ($33M, 541 participants).
Which 401(k) plans cover a similar participant headcount to Home Federal Savings Bank 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Illinois Retina Associates, S.C. 401(k) Plan in IL (168 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 410318319.

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.