401(k) · DOL Form 5500 · 2024

Forstrom Bancorporation Inc. 401(k) Plan

Data updated 2026-08-25

$17M
Total assets Small plan by assets
207
Participants Below avg headcount
66th
Percentile by assets National rank
$79,814
Avg per participant Below avg balance/head
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Official DOL plan name: Forstrom Bancorporation 401(k) Plan and Trust · Sponsored by Forstrom Bancorporation Inc. · Minnesota · Finance & Insurance

$17M in assets, 207 participants

Forstrom Bancorporation Inc.'s Forstrom Bancorporation 401(k) Plan and Trust reported $17M in total assets and 207 participants in its 2024 DOL Form 5500 filing, ranking in the 66th 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.

  • #4,334 in Finance & Insurance (8,549 peers)

Coverage in Minnesota

Forstrom Bancorporation 401(k) Plan and Trust covers 207 participants in Minnesota, about 18% of the average Minnesota filer (state average ~1,126 per filing). Assets: $17M.

#4,334
in Finance & Insurance (8,549 peers)
+15.9%
assets growth YoY

Forstrom Bancorporation 401(k) Plan and Trust's mid-pack asset rank among Finance & Insurance and all filers

Forstrom Bancorporation 401(k) Plan and Trust vs every filed plan by assets

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

$16,521,536 Top 34% higher than 66% 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

Forstrom Bancorporation 401(k) Plan and Trust 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. Forstrom Bancorporation 401(k) Plan and Trust sits mid-pack in the medium band (207 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Forstrom Bancorporation 401(k) Plan and Trust end-of-year assets rose from $14M in the plan year 2023 filing to $17M in the plan year 2024 filing.
  • Forstrom Bancorporation 401(k) Plan and Trust reported participants rose from 184 in the plan year 2023 filing to 207 in the plan year 2024 filing.
  • Forstrom Bancorporation 401(k) Plan and Trust reported net income fell from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 411452688 · Forstrom Bancorporation Inc. PY 2024 · 401(k)

Forstrom Bancorporation 401(k) Plan and Trust · $17M · 207 · 66th

  • IND $17M
  • EOY 207
  • 5500 66th
  • ASSETS 401(k)
  • PCT near Summers-Taylor, Inc 401(k) Retirement Plan
  • EIN ind #4334

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 →

Forstrom Bancorporation 401(k) Plan and Trust in the asset neighbourhood

Forstrom Bancorporation 401(k) Plan and TrustForstrom Bancorporation 401(…$17MSummers-Taylor, Inc 401(k) Retirement PlanSummers-Taylor, Inc 401(k) R…$17MBcei 401(k) Plan$17MElopak, Inc. Capital Accumulation PlanElopak, Inc. Capital Accumul…$17MAdvanced Dermatology 401(k) PlanAdvanced Dermatology 401(k) …$17M
End-of-year total assets ($M) among Forstrom Bancorporation 401(k) Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$17M
Net Income$2M
Employer EIN411452688
Plan Effective Date1991-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Forstrom Bancorporation Inc.)

Sponsor-wide plan assets over time

All Forstrom Bancorporation Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$17M 40.4949025585808% vs 2022
2024 filing year
$10M$12M$14M$16M$18M 202220232024 $11.8M $16.5M ▲ +40.5%
Year Plans Participants Total Assets
2022 1 186 $12M
2023 1 184 $14M
2024 1 207 $17M

Nearby 401(k) Plans in Minnesota

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

Forstrom Bancorporation 401(k) Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -20020406080 Total assets ($B) Participants Forstrom Bancorporation 401(k) Plan and Trust, Total assets ($B): 0.016521536 · Participants: 207Forstrom Bancorporation 401(k) Plan and TrustWells 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
Forstrom Bancorporation 401(k) Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Forstrom Bancorporation 401(k) Plan and Trust side-by-side with 3 peers →

Forstrom Bancorporation 401(k) Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Summers-Taylor, Inc 401(k) Retirement Plan in TN ($17M); by covered participants it is California Retina Associates 401(k) Plan in CA (207 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($17M here).

Similar participant headcount

Nearest other-state filings by covered participants (207 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 Forstrom Bancorporation 401(k) Plan and Trust assets move in 2024? ▼
Forstrom Bancorporation 401(k) Plan and Trust grew sharply - up 15.9% during 2024, from $14M to $17M. Reported net income was $2M.
How have Forstrom Bancorporation Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Forstrom Bancorporation Inc.'s sponsor-wide assets grew 40.5%, from $12M to $17M.
Which 401(k) plans are similar in size to Forstrom Bancorporation 401(k) Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is Summers-Taylor, Inc 401(k) Retirement Plan in TN ($17M, 693 participants).
Which 401(k) plans cover a similar participant headcount to Forstrom Bancorporation 401(k) Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is California Retina Associates 401(k) Plan in CA (207 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 411452688.

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.