ESOP · DOL Form 5500 · 2024

Decorah Bank & Trust Company ESOP

Data updated 2026-08-25

$15M
Total assets Small plan by assets
112
Participants Small participant base
64th
Percentile by assets National rank
$131,731
Avg per participant Near avg balance/head
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Official DOL plan name: Security Agency, Inc. Employee Stock Ownership Plan · Sponsored by Decorah Bank & Trust Company · Iowa · Finance & Insurance

$15M in assets, 112 participants

Decorah Bank & Trust Company's Security Agency, Inc. Employee Stock Ownership Plan reported $15M in total assets and 112 participants in its 2024 DOL Form 5500 filing, ranking in the 64th 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.

  • #4,124 in Finance & Insurance (8,549 peers)

Coverage in Iowa

Security Agency, Inc. Employee Stock Ownership Plan covers 112 participants in Iowa, about 18% of the average Iowa filer (state average ~609 per filing). Assets: $15M.

#4,124
in Finance & Insurance (8,549 peers)
+10.4%
assets growth YoY

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Security Agency, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Security Agency, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$14,753,872 Top 36% higher than 64% 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

Security Agency, Inc. Employee Stock Ownership 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. Security Agency, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (112 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Security Agency, Inc. Employee Stock Ownership Plan reported net income fell from -$588K in the plan year 2023 filing to -$1M in the plan year 2024 filing.
  • Security Agency, Inc. Employee Stock Ownership Plan end-of-year assets rose from $13M in the plan year 2023 filing to $15M in the plan year 2024 filing.
  • Security Agency, Inc. Employee Stock Ownership Plan reported participants rose from 110 in the plan year 2023 filing to 112 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 420515840 · Decorah Bank & Trust Company PY 2024 · ESOP

Security Agency, Inc. Employee Stock Ownership Plan · $15M · 112 · 64th

  • EOY $15M
  • 5500 112
  • ASSETS 64th
  • PCT ESOP
  • EIN near Provident Savings Bank, F.S.B. Employee Stock Ownership Plan
  • RANK ind #4124

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 →

Security Agency, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Security Agency, Inc. Employee Stock Ownership PlanSecurity Agency, Inc. Employ…$15MProvident Savings Bank, F.S.B. Employee Stock Ownership PlanProvident Savings Bank, F.S.…$15MEmployee Stock Ownership Plan of Westfield Financial, Inc.Employee Stock Ownership Pla…$15MStansell Electric Company, Inc. Employee Stock Ownership PlanStansell Electric Company, I…$15MC.a. Group, Inc. Employee Stock Ownership PlanC.a. Group, Inc. Employee St…$15M
End-of-year total assets ($M) among Security Agency, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Iowa filing particulars

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$12M
Net Income-$1M
Employer EIN420515840
Plan Effective Date1983-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Decorah Bank & Trust Company)

Sponsor-wide plan assets over time

All Decorah Bank & Trust Company plans reported in each filing year

Latest sponsor-wide plan assets
$15M 5.716735446912527% vs 2022
2024 filing year
$13M$13.5M$14M$14.5M$15M 202220232024 $14M $14.8M ▲ +5.7%
Year Plans Participants Total Assets
2022 1 105 $14M
2023 1 110 $13M
2024 1 112 $15M

Nearby ESOP Plans in Iowa

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

Security Agency, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants Scatter plot of 6 data points. 050010001500 -20002004006008001000 Total assets ($M) Participants Security Agency, Inc. Employee Stock Ownership Plan, Total assets ($M): 14.753872 · Participants: 112Security Agency, Inc. 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
Security Agency, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants
Compare Security Agency, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Security Agency, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Iowa, the nearest ESOP by assets is Provident Savings Bank, F.S.B. Employee Stock Ownership Plan in CA ($15M); by covered participants it is R. W. Dake & Co., Inc. Employee Stock Ownership Plan in NY (112 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (112 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 Security Agency, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Security Agency, Inc. Employee Stock Ownership Plan grew at a solid clip - up 10.4% during 2024, from $13M to $15M. Reported net income was -$1M.
How have Decorah Bank & Trust Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Decorah Bank & Trust Company's sponsor-wide assets grew 5.7%, from $14M to $15M.
Which ESOP plans are similar in size to Security Agency, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Provident Savings Bank, F.S.B. Employee Stock Ownership Plan in CA ($15M, 153 participants).
Which ESOP plans cover a similar participant headcount to Security Agency, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is R. W. Dake & Co., Inc. Employee Stock Ownership Plan in NY (112 participants, $8M 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 420515840.

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.