401(k) · DOL Form 5500 · 2024

Finlayson Bancshares, Inc. 401(k) Plan

Data updated 2026-08-25

$28M
Total assets Below avg plan size
177
Participants Small participant base
76th
Percentile by assets National rank
$159,932
Avg per participant Above avg balance/head
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Official DOL plan name: Finlayson Bancshares, Inc. ESOP with 401(k) Provisions · Sponsored by Finlayson Bancshares, Inc. · Minnesota · Management of Enterprises

$28M in assets, 177 participants

Finlayson Bancshares, Inc.'s Finlayson Bancshares, Inc. ESOP with 401(k) Provisions reported $28M in total assets and 177 participants in its 2024 DOL Form 5500 filing, ranking in the 76th 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.

  • #656 in Management of Enterprises (1,133 peers)

Coverage in Minnesota

Finlayson Bancshares, Inc. ESOP with 401(k) Provisions covers 177 participants in Minnesota, about 16% of the average Minnesota filer (state average ~1,126 per filing). Assets: $28M.

#656
in Management of Enterprises (1,133 peers)
-5.8%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Finlayson Bancshares, Inc. ESOP with 401(k) Provisions's outsized position by total assets

Finlayson Bancshares, Inc. ESOP with 401(k) Provisions vs every filed plan by assets

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

$28,307,962 Top 24% higher than 76% 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

Finlayson Bancshares, Inc. ESOP with 401(k) Provisions 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. Finlayson Bancshares, Inc. ESOP with 401(k) Provisions sits mid-pack in the medium band (177 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Finlayson Bancshares, Inc. ESOP with 401(k) Provisions reported net income fell from $533K in the plan year 2023 filing to -$2M in the plan year 2024 filing.
  • Finlayson Bancshares, Inc. ESOP with 401(k) Provisions reported participants fell from 190 in the plan year 2023 filing to 177 in the plan year 2024 filing.
  • Finlayson Bancshares, Inc. ESOP with 401(k) Provisions end-of-year assets fell from $30M in the plan year 2023 filing to $28M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 411396929 · Finlayson Bancshares, Inc. PY 2024 · 401(k)

Finlayson Bancshares, Inc. ESOP with 401(k) Provisions · $28M · 177 · 76th

  • EOY $28M
  • 5500 177
  • ASSETS 76th
  • PCT 401(k)
  • EIN near Albright Stonebridge Group, LLC Profit Sharing Plan
  • RANK ind #656

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 Management of Enterprises retirement plans → · Plans in Minnesota →

Finlayson Bancshares, Inc. ESOP with 401(k) Provisions in the asset neighbourhood

Finlayson Bancshares, Inc. ESOP with 401(k) ProvisionsFinlayson Bancshares, Inc. E…$28MAlbright Stonebridge Group, LLC Profit Sharing PlanAlbright Stonebridge Group, …$28MH&k Equipment, Inc 401(k) PlanH&k Equipment, Inc 401(k) Pl…$28MAmerican Acryl, L.P. 401(k) Profit Sharing PlanAmerican Acryl, L.P. 401(k) …$28MAlbert & Mackenzie, LLP 401(k) Profit Sharing PlanAlbert & Mackenzie, LLP 401(…$28M
End-of-year total assets ($M) among Finlayson Bancshares, Inc. ESOP with 401(k) Provisions and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$30M
Net Assets (End of Year)$28M
Net Income-$2M
Employer EIN411396929
Plan Effective Date1990-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Finlayson Bancshares, Inc.)

Sponsor-wide plan assets over time

All Finlayson Bancshares, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$28M 4.067537791164631% vs 2022
2024 filing year
$28M$29M$30M$31M 202220232024 $29.5M $28.3M ▼ -4.1%
Year Plans Participants Total Assets
2022 1 178 $30M
2023 1 190 $30M
2024 1 177 $28M

Nearby 401(k) Plans in Minnesota

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

Finlayson Bancshares, Inc. ESOP with 401(k) Provisions vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -20020406080 Total assets ($B) Participants Finlayson Bancshares, Inc. ESOP with 401(k) Provisions, Total assets ($B): 0.028307962 · Participants: 177Finlayson Bancshares, Inc. ESOP with 401(k) ProvisionsWells 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
Finlayson Bancshares, Inc. ESOP with 401(k) Provisions vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Finlayson Bancshares, Inc. ESOP with 401(k) Provisions side-by-side with 3 peers →

Finlayson Bancshares, Inc. ESOP with 401(k) Provisions's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Albright Stonebridge Group, LLC Profit Sharing Plan in DC ($28M); by covered participants it is Greater Houston Retailers Association 401(k) Plan in TX (177 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (177 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 Finlayson Bancshares, Inc. ESOP with 401(k) Provisions assets move in 2024? ▼
Finlayson Bancshares, Inc. ESOP with 401(k) Provisions pulled back noticeably - down 5.8% during 2024, from $30M to $28M. Reported net income was -$2M.
How have Finlayson Bancshares, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Finlayson Bancshares, Inc.'s sponsor-wide assets declined 4.1%, from $30M to $28M.
Where does Finlayson Bancshares, Inc. ESOP with 401(k) Provisions rank by assets among Form 5500 filers? ▼
Finlayson Bancshares, Inc. ESOP with 401(k) Provisions ranks in the 76th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Finlayson Bancshares, Inc. ESOP with 401(k) Provisions? ▼
Among 401(k) plans in other states, the closest by assets is Albright Stonebridge Group, LLC Profit Sharing Plan in DC ($28M, 110 participants).
Which 401(k) plans cover a similar participant headcount to Finlayson Bancshares, Inc. ESOP with 401(k) Provisions? ▼
Among 401(k) plans in other states, the closest by covered participants is Greater Houston Retailers Association 401(k) Plan in TX (177 participants, $496K 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 411396929.

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.