ESOP · DOL Form 5500 · 2024
State Bankshares, Inc. ESOP
Data updated 2026-08-25
- $78M
- Total assets Below avg plan size
- 1,700
- Participants Near avg headcount
- 89th
- Percentile by assets National rank
- $45,877
- Avg per participant Low balance/head
Official DOL plan name: State Bankshares Employee Stock Ownership Plan and Trust · Sponsored by State Bankshares, Inc. · North Dakota · Finance & Insurance
$78M in assets, 1,700 participants
State Bankshares, Inc.'s State Bankshares Employee Stock Ownership Plan and Trust reported $78M in total assets and 1,700 participants in its 2024 DOL Form 5500 filing, ranking in the 89th 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.
- #7,030 in Finance & Insurance (8,549 peers)
Coverage in North Dakota
State Bankshares Employee Stock Ownership Plan and Trust covers 1,700 participants in North Dakota, 3.4x the typical North Dakota plan (state average ~504 per filing). Assets: $78M.
- #7,030
- in Finance & Insurance (8,549 peers)
- +3.0%
- assets growth YoY
- 0.8×
- vs typical plan assets (national mean)
State Bankshares Employee Stock Ownership Plan and Trust's outsized position by total assets
State Bankshares Employee Stock Ownership Plan and Trust vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$77,990,848 Top 11% higher than 89% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
State Bankshares Employee Stock Ownership Plan and Trust's large-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. State Bankshares Employee Stock Ownership Plan and Trust lands in the large band (1,700 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- State Bankshares Employee Stock Ownership Plan and Trust reported net income rose from -$5M in the plan year 2023 filing to $2M in the plan year 2024 filing.
- State Bankshares Employee Stock Ownership Plan and Trust reported participants rose from 1,617 in the plan year 2023 filing to 1,700 in the plan year 2024 filing.
- State Bankshares Employee Stock Ownership Plan and Trust end-of-year assets rose from $76M in the plan year 2023 filing to $78M in the plan year 2024 filing.
Published 5500 schedule card
Filing strip 450412162 · State Bankshares, Inc. PY 2024 · ESOP
State Bankshares Employee Stock Ownership Plan and Trust · $78M · 1,700 · 89th
- ASSETS $78M
- ASSETS 1,700
- ASSETS 89th
- ASSETS ESOP
- ASSETS near Godshall's Quality Meats Employee Stock Ownership Plan
- ASSETS ind #7030
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 North Dakota →
State Bankshares Employee Stock Ownership Plan and Trust in the asset neighbourhood
North Dakota filing particulars
| Total Assets (Beginning of Year) | $76M |
|---|---|
| Net Assets (End of Year) | $78M |
| Net Income | $2M |
| Employer EIN | 450412162 |
| Plan Effective Date | 2016-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (State Bankshares, Inc.)
Sponsor-wide plan assets over time
All State Bankshares, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $397M 30.38507359433517% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 3,204 | $305M |
| 2023 | 2 | 3,559 | $351M |
| 2024 | 2 | 3,608 | $397M |
Nearby ESOP Plans in North Dakota
Peer ESOP plans, same state, same plan type, ranked by total assets.
- Border States Industries, Inc. Employee Stock Ownership Plan $1.3B · 3,256
- Scheels Employee Stock Ownership Plan $963M · 5,157
- Ulteig, Inc. Employee Stock Ownership Plan $193M · 1,117
- Frontier Precision, Inc Employee Stock Ownership Plan $98M · 89
- Klj Solutions Co Employee Stock Ownership Plan $92M · 525
State Bankshares Employee Stock Ownership Plan and Trust's out-of-state ESOP peers by assets and headcount
Outside North Dakota, the nearest ESOP by assets is Godshall's Quality Meats Employee Stock Ownership Plan in ($78M); by covered participants it is Sensient Technologies Corporation Employee Stock Ownership Plan in WI (1,704 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($78M here).
Similar participant headcount
Nearest other-state filings by covered participants (1,700 participants); asset peers above are excluded.
- Sensient Technologies Corporation Employee Stock Ownership Plan (WI) 1,704 · 4 off
- Ki Employee Stock Ownership Plan (WI) 1,689 · 11 off
- Lgc Associates Employee Stock Ownership Plan (IN) 1,712 · 12 off
- Mulberry's Independent Home Services, Inc. Employee Stock Ownership Plan (WV) 1,687 · 13 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.