Decorah Bank & Trust CompanyESOP
SECURITY AGENCY, INC. EMPLOYEE STOCK OWNERSHIP PLAN · DECORAH, IA · plan year 2022
Decorah Bank & Trust Company's 2022 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 $13,956,042 across 145 participant accounts, with employer contributions averaging $4,061 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 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Iowa (512th of 878), and 3,602nd of 4,798 in finance & insurance.
Decorah Bank & Trust Company's 2022 employer contribution ran above the $2,266 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 420515840 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.