How much does D L Evans Bank contribute to its ESOP?

In 2023, employer contributions to the D L Evans Bank plan averaged $4,424 per active participant, above the $2,440 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the D L Evans Bank 401(k)?

The average participant account balance was $75,319 for plan year 2023, based on 513 accounts.

D L Evans BankESOP

Name: D L Evans Bank 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

D.L. EVANS BANK EMPLOYEES STOCK OWNERSHIP PLAN AND TRUST · BURLEY, ID · plan year 2023

Employer contribution per participant · 2023

$4,424

D L Evans Bank's 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $38,638,448 across 513 participant accounts, with employer contributions averaging $4,424 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other finance & insurance employers. By assets it is the 58th-largest of 349 plans among Idaho employers on file, and the 2,015th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$38,638,448
Participants with balances513
Active participants381
Employer contributions$1,685,708
Employee contributions—
Employer contribution per active participant$4,424
Average account balance$75,319
Benefits paid to participants$1,320,771
Plan auditUnmodified (clean) audit opinion
AuditorEIDE BAILLY LLP

Plan history3

Yearassets · accounts · employer contribution

2024$35.4M · 507 accts · $2.3M emplr

2023$38.6M · 513 accts · $1.7M emplr

2022$34.7M · 497 accts · $1.9M emplr

Employer contributions to the D L Evans Bank plan · 2023

Employer contribution per active participant$4,424

Median for plans this size$2,440

2024$5,943 per active participant

2023$4,424 per active participant

2022$4,839 per active participant

D L Evans Bank's 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Administrative cost history3

2024Not separately reported

2023Not separately reported

2022Not separately reported

All plans at this employer2

D.L. EVANS BANK EMPLOYEES STOCK OWNERSHIP PLAN AND TRUSTESOP

D.L. EVANS BANK 401(K) RETIREMENT SAVINGS PLAN401(k)

Same employer

D L Evans Bank's health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 820117415 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.