ESOP · DOL Form 5500 · 2024

First Security State Bank ESOP

Data updated 2026-08-25

$2M
Total assets Small plan by assets
18
Participants Small participant base
31st
Percentile by assets National rank
$129,325
Avg per participant Near avg balance/head
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Official DOL plan name: First Security State Bank 401(k) Employee Stock Ownership Plan · Sponsored by First Security State Bank · Iowa · Finance & Insurance

$2M in assets, 18 participants

First Security State Bank's First Security State Bank 401(k) Employee Stock Ownership Plan reported $2M in total assets and 18 participants in its 2024 DOL Form 5500 filing, ranking in the 31st 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.

  • #1,702 in Finance & Insurance (8,549 peers)

2024 asset change

First Security State Bank 401(k) Employee Stock Ownership Plan grew at a solid clip 8.6% in 2024 ($2M → $2M) for 18 participants.

#1,702
in Finance & Insurance (8,549 peers)
+8.6%
assets growth YoY

First Security State Bank 401(k) Employee Stock Ownership Plan among the smaller filed plans by assets

First Security State Bank 401(k) Employee Stock Ownership Plan vs every filed plan by assets

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

$2,327,841 31st percentile higher than 31% 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 Security State Bank 401(k) 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. First Security State Bank 401(k) Employee Stock Ownership Plan is a small filing (18 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First Security State Bank 401(k) Employee Stock Ownership Plan reported net income rose from -$92K in the plan year 2023 filing to $185K in the plan year 2024 filing.
  • First Security State Bank 401(k) Employee Stock Ownership Plan reported participants fell from 20 in the plan year 2023 filing to 18 in the plan year 2024 filing.
  • First Security State Bank 401(k) Employee Stock Ownership Plan end-of-year assets rose from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 420864710 · First Security State Bank PY 2024 · ESOP

First Security State Bank 401(k) Employee Stock Ownership Plan · $2M · 18 · 31st

  • PCT $2M
  • EIN 18
  • RANK 31st
  • PHOTO ESOP
  • IND near Sawcross, Inc. Employee Stock Ownership Plan
  • EOY ind #1702

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 Security State Bank 401(k) Employee Stock Ownership Plan in the asset neighbourhood

First Security State Bank 401(k) Employee Stock Ownership PlanFirst Security State Bank 40…$2MSawcross, Inc. Employee Stock Ownership PlanSawcross, Inc. Employee Stoc…$2MM & K Retirement Savings Plan$2MNorwalk Furniture, Inc. Employee Stock Ownership PlanNorwalk Furniture, Inc. Empl…$2MEls, Inc. Employee Stock Ownership PlanEls, Inc. Employee Stock Own…$2M
End-of-year total assets ($M) among First Security State Bank 401(k) Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

First Security State Bank years around the 2024 move

Sponsor-wide plan assets over time

All First Security State Bank plans reported in each filing year

Latest sponsor-wide plan assets
$2M 4.155963627040699% vs 2022
2024 filing year
$2.1M$2.2M$2.3M$2.4M 202220232024 $2.23M $2.33M ▲ +4.5%
Year Plans Participants Total Assets
2022 1 20 $2M
2023 1 20 $2M
2024 1 18 $2M

2024 asset-move particulars

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$2M
Net Income$185K
Employer EIN420864710
Plan Effective Date1983-12-28
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Iowa

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

First Security State Bank 401(k) Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants Scatter plot of 6 data points. -500050010001500 -20002004006008001000 Total assets ($M) Participants First Security State Bank 401(k) Employee Stock Ownership Plan, Total assets ($M): 2.327841 · Participants: 18First Security State Bank 401(k) 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 Security State Bank 401(k) Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants
Compare First Security State Bank 401(k) Employee Stock Ownership Plan side-by-side with 3 peers →

First Security State Bank 401(k) Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Iowa, the nearest ESOP by assets is Sawcross, Inc. Employee Stock Ownership Plan in FL ($2M); by covered participants it is Aga Distribution Specialists, Inc. Employee Stock Ownership Plan in OR (18 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (18 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 Security State Bank 401(k) Employee Stock Ownership Plan assets move in 2024? ▼
First Security State Bank 401(k) Employee Stock Ownership Plan grew at a solid clip - up 8.6% during 2024, from $2M to $2M. Reported net income was $185K.
How have First Security State Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Security State Bank's sponsor-wide assets grew 4.2%, from $2M to $2M.
Which ESOP plans are similar in size to First Security State Bank 401(k) Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Sawcross, Inc. Employee Stock Ownership Plan in FL ($2M, 75 participants).
Which ESOP plans cover a similar participant headcount to First Security State Bank 401(k) Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Aga Distribution Specialists, Inc. Employee Stock Ownership Plan in OR (18 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 420864710.

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.