ESOP · DOL Form 5500 · 2024

Bank 1st ESOP

Data updated 2026-08-25

$3M
Total assets Small plan by assets
17
Participants Small participant base
32nd
Percentile by assets National rank
$147,812
Avg per participant Above avg balance/head
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Official DOL plan name: Bank 1st Employee Stock Ownership Plan · Sponsored by Bank 1st · Iowa · Finance & Insurance

$3M in assets, 17 participants

Bank 1st's Bank 1st Employee Stock Ownership Plan reported $3M in total assets and 17 participants in its 2024 DOL Form 5500 filing, ranking in the 32nd 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.

  • #1,759 in Finance & Insurance (8,549 peers)

What the 2024 filing shows

Bank 1st Employee Stock Ownership Plan holds $3M for 17 participants - about $147,812 per participant, in the lower half of filed plans by assets.

#1,759
in Finance & Insurance (8,549 peers)
+3.5%
assets growth YoY

Bank 1st Employee Stock Ownership Plan among the smaller filed plans by assets

Bank 1st Employee Stock Ownership Plan vs every filed plan by assets

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

$2,512,808 32nd percentile higher than 32% 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

Bank 1st Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bank 1st Employee Stock Ownership Plan is a small filing (17 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Bank 1st Employee Stock Ownership Plan reported net income rose from $52K in the plan year 2023 filing to $187K in the plan year 2024 filing.
  • Bank 1st Employee Stock Ownership Plan reported participants fell from 20 in the plan year 2023 filing to 17 in the plan year 2024 filing.
  • Bank 1st Employee Stock Ownership Plan end-of-year assets rose from $2M in the plan year 2023 filing to $3M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 420253320 · Bank 1st PY 2024 · ESOP

Bank 1st Employee Stock Ownership Plan · $3M · 17 · 32nd

  • EBSA $3M
  • PART 17
  • TYPE 32nd
  • NET ESOP
  • BOOK near Huntingdon Valley Bank Employee Stock Ownership Plan
  • VS-ST ind #1759

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 →

Bank 1st Employee Stock Ownership Plan in the asset neighbourhood

Bank 1st Employee Stock Ownership PlanBank 1st Employee Stock Owne…$3MHuntingdon Valley Bank Employee Stock Ownership PlanHuntingdon Valley Bank Emplo…$3MExact Scientific Services, Inc. Employee Stock Ownership PlanExact Scientific Services, I…$3MMoore Erection, L.P. Employee Stock Ownership Plan and TrustMoore Erection, L.P. Employe…$3MAvc Employee Stock Ownership PlanAvc Employee Stock Ownership…$3M
End-of-year total assets ($M) among Bank 1st Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Filing particulars (2024)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$2M
Net Income$187K
Employer EIN420253320
Plan Effective Date2016-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bank 1st)

Sponsor-wide plan assets over time

All Bank 1st plans reported in each filing year

Latest sponsor-wide plan assets
$3M 1.5372778980137096% vs 2022
2024 filing year
$2.4M$2.45M$2.5M$2.55M 202220232024 $2.47M $2.51M ▲ +1.6%
Year Plans Participants Total Assets
2022 1 20 $2M
2023 1 20 $2M
2024 1 17 $3M

Nearby ESOP Plans in Iowa

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

Bank 1st Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants Scatter plot of 6 data points. -500050010001500 -20002004006008001000 Total assets ($M) Participants Bank 1st Employee Stock Ownership Plan, Total assets ($M): 2.512808 · Participants: 17Bank 1st 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
Bank 1st Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants
Compare Bank 1st Employee Stock Ownership Plan side-by-side with 3 peers →

Bank 1st Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Iowa, the nearest ESOP by assets is Huntingdon Valley Bank Employee Stock Ownership Plan in PA ($3M); by covered participants it is Gaskets, Inc. Employee Stock Ownership Plan in WI (17 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (17 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 Bank 1st Employee Stock Ownership Plan assets move in 2024? ▼
Bank 1st Employee Stock Ownership Plan edged up modestly - up 3.5% during 2024, from $2M to $3M. Reported net income was $187K.
How have Bank 1st plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bank 1st's sponsor-wide assets grew 1.5%, from $2M to $3M.
Which ESOP plans are similar in size to Bank 1st Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Huntingdon Valley Bank Employee Stock Ownership Plan in PA ($3M, N/A participants).
Which ESOP plans cover a similar participant headcount to Bank 1st Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Gaskets, Inc. Employee Stock Ownership Plan in WI (17 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 420253320.

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.