Civic Intelligence

Lake Area Bank

Plan context: Lake Area Bank 401K Profit Sharing Plan

EIN 41-0531790 • Lindstrom, MN • 19 filings • 4 plans

12790 First Ave. N.P.O. Box 743Lindstrom, MN 55045
Current Snapshot

Latest Year

2018

2018 Participants

104

2018 Assets

$7,059,129

2018 Contributions

$1,036,455

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$7,059,129$3,529,565$0199920092017YearValue
$7,059,129Latest year 2017

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

124620199920092017YearValue
104Latest year 2017

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
201810$0$1,036,455-
Lake Area Bank 401K Profit Sharing Plan-0-$1,036,455-
20171104$7,059,129$825,202$7,935iApproximate average salary by contribution assumption: employee only about $198,366 at 4% or $132,244 at 6%; with 50% employer match about $132,244 at 4% or $88,163 at 6%; with 100% employer match about $99,183 at 4% or $66,122 at 6%.
Lake Area Bank 401K Profit Sharing Plan-104$7,059,129$825,202$7,935iApproximate average salary by contribution assumption: employee only about $198,366 at 4% or $132,244 at 6%; with 50% employer match about $132,244 at 4% or $88,163 at 6%; with 100% employer match about $99,183 at 4% or $66,122 at 6%.
20161109$5,718,970$730,909$6,706iApproximate average salary by contribution assumption: employee only about $167,640 at 4% or $111,760 at 6%; with 50% employer match about $111,760 at 4% or $74,507 at 6%; with 100% employer match about $83,820 at 4% or $55,880 at 6%.
Lake Area Bank 401K Profit Sharing Plan-109$5,718,970$730,909$6,706iApproximate average salary by contribution assumption: employee only about $167,640 at 4% or $111,760 at 6%; with 50% employer match about $111,760 at 4% or $74,507 at 6%; with 100% employer match about $83,820 at 4% or $55,880 at 6%.
2015195$4,918,525$897,126$9,443iApproximate average salary by contribution assumption: employee only about $236,086 at 4% or $157,391 at 6%; with 50% employer match about $157,391 at 4% or $104,927 at 6%; with 100% employer match about $118,043 at 4% or $78,695 at 6%.
Lake Area Bank 401K Profit Sharing Plan-95$4,918,525$897,126$9,443iApproximate average salary by contribution assumption: employee only about $236,086 at 4% or $157,391 at 6%; with 50% employer match about $157,391 at 4% or $104,927 at 6%; with 100% employer match about $118,043 at 4% or $78,695 at 6%.
20141102$4,237,829$501,721$4,919iApproximate average salary by contribution assumption: employee only about $122,971 at 4% or $81,981 at 6%; with 50% employer match about $81,981 at 4% or $54,654 at 6%; with 100% employer match about $61,485 at 4% or $40,990 at 6%.
Lake Area Bank 401K Profit Sharing Plan-102$4,237,829$501,721$4,919iApproximate average salary by contribution assumption: employee only about $122,971 at 4% or $81,981 at 6%; with 50% employer match about $81,981 at 4% or $54,654 at 6%; with 100% employer match about $61,485 at 4% or $40,990 at 6%.
20131106$3,967,256$458,736$4,328iApproximate average salary by contribution assumption: employee only about $108,192 at 4% or $72,128 at 6%; with 50% employer match about $72,128 at 4% or $48,086 at 6%; with 100% employer match about $54,096 at 4% or $36,064 at 6%.
Lake Area Bank 401K Profit Sharing Plan-106$3,967,256$458,736$4,328iApproximate average salary by contribution assumption: employee only about $108,192 at 4% or $72,128 at 6%; with 50% employer match about $72,128 at 4% or $48,086 at 6%; with 100% employer match about $54,096 at 4% or $36,064 at 6%.
20121124$3,081,521$401,469$3,238iApproximate average salary by contribution assumption: employee only about $80,941 at 4% or $53,961 at 6%; with 50% employer match about $53,961 at 4% or $35,974 at 6%; with 100% employer match about $40,471 at 4% or $26,980 at 6%.
Lake Area Bank 401K Profit Sharing Plan-124$3,081,521$401,469$3,238iApproximate average salary by contribution assumption: employee only about $80,941 at 4% or $53,961 at 6%; with 50% employer match about $53,961 at 4% or $35,974 at 6%; with 100% employer match about $40,471 at 4% or $26,980 at 6%.
20111109$2,629,585$308,569$2,831iApproximate average salary by contribution assumption: employee only about $70,773 at 4% or $47,182 at 6%; with 50% employer match about $47,182 at 4% or $31,455 at 6%; with 100% employer match about $35,386 at 4% or $23,591 at 6%.
Lake Area Bank 401K Profit Sharing Plan-109$2,629,585$308,569$2,831iApproximate average salary by contribution assumption: employee only about $70,773 at 4% or $47,182 at 6%; with 50% employer match about $47,182 at 4% or $31,455 at 6%; with 100% employer match about $35,386 at 4% or $23,591 at 6%.
2010199$2,649,937$431,061$4,354iApproximate average salary by contribution assumption: employee only about $108,854 at 4% or $72,569 at 6%; with 50% employer match about $72,569 at 4% or $48,379 at 6%; with 100% employer match about $54,427 at 4% or $36,285 at 6%.
Lake Area Bank 401K Profit Sharing Plan-99$2,649,937$431,061$4,354iApproximate average salary by contribution assumption: employee only about $108,854 at 4% or $72,569 at 6%; with 50% employer match about $72,569 at 4% or $48,379 at 6%; with 100% employer match about $54,427 at 4% or $36,285 at 6%.
20091104$2,259,603$538,915$5,182iApproximate average salary by contribution assumption: employee only about $129,547 at 4% or $86,365 at 6%; with 50% employer match about $86,365 at 4% or $57,576 at 6%; with 100% employer match about $64,773 at 4% or $43,182 at 6%.
Lake Area Bank 401K Profit Sharing Plan-104$2,259,603$538,915$5,182iApproximate average salary by contribution assumption: employee only about $129,547 at 4% or $86,365 at 6%; with 50% employer match about $86,365 at 4% or $57,576 at 6%; with 100% employer match about $64,773 at 4% or $43,182 at 6%.
2008197$1,409,662$551,098$5,681iApproximate average salary by contribution assumption: employee only about $142,036 at 4% or $94,690 at 6%; with 50% employer match about $94,690 at 4% or $63,127 at 6%; with 100% employer match about $71,018 at 4% or $47,345 at 6%.
Lake Area Bank 401K Profit Sharing Plan-97$1,409,662$551,098$5,681iApproximate average salary by contribution assumption: employee only about $142,036 at 4% or $94,690 at 6%; with 50% employer match about $94,690 at 4% or $63,127 at 6%; with 100% employer match about $71,018 at 4% or $47,345 at 6%.
2007159$1,529,258$231,543$3,924iApproximate average salary by contribution assumption: employee only about $98,111 at 4% or $65,408 at 6%; with 50% employer match about $65,408 at 4% or $43,605 at 6%; with 100% employer match about $49,056 at 4% or $32,704 at 6%.
Lake Area Bank 401K Profit Sharing Plan-59$1,529,258$231,543$3,924iApproximate average salary by contribution assumption: employee only about $98,111 at 4% or $65,408 at 6%; with 50% employer match about $65,408 at 4% or $43,605 at 6%; with 100% employer match about $49,056 at 4% or $32,704 at 6%.
2006148$1,708,827$201,011$4,188iApproximate average salary by contribution assumption: employee only about $104,693 at 4% or $69,795 at 6%; with 50% employer match about $69,795 at 4% or $46,530 at 6%; with 100% employer match about $52,347 at 4% or $34,898 at 6%.
Lake Area Bank 401K Profit Sharing Plan-48$1,708,827$201,011$4,188iApproximate average salary by contribution assumption: employee only about $104,693 at 4% or $69,795 at 6%; with 50% employer match about $69,795 at 4% or $46,530 at 6%; with 100% employer match about $52,347 at 4% or $34,898 at 6%.
2005147$1,582,050$209,863$4,465iApproximate average salary by contribution assumption: employee only about $111,629 at 4% or $74,420 at 6%; with 50% employer match about $74,420 at 4% or $49,613 at 6%; with 100% employer match about $55,815 at 4% or $37,210 at 6%.
Lake Area Bank 401K Profit Sharing Plan-47$1,582,050$209,863$4,465iApproximate average salary by contribution assumption: employee only about $111,629 at 4% or $74,420 at 6%; with 50% employer match about $74,420 at 4% or $49,613 at 6%; with 100% employer match about $55,815 at 4% or $37,210 at 6%.
2004149$1,412,659$193,042$3,940iApproximate average salary by contribution assumption: employee only about $98,491 at 4% or $65,661 at 6%; with 50% employer match about $65,661 at 4% or $43,774 at 6%; with 100% employer match about $49,245 at 4% or $32,830 at 6%.
Lake Area Bank 401K Profit Sharing Plan-49$1,412,659$193,042$3,940iApproximate average salary by contribution assumption: employee only about $98,491 at 4% or $65,661 at 6%; with 50% employer match about $65,661 at 4% or $43,774 at 6%; with 100% employer match about $49,245 at 4% or $32,830 at 6%.
2003143$1,144,487$183,216$4,261iApproximate average salary by contribution assumption: employee only about $106,521 at 4% or $71,014 at 6%; with 50% employer match about $71,014 at 4% or $47,343 at 6%; with 100% employer match about $53,260 at 4% or $35,507 at 6%.
Lake Area Bank 401K Profit Sharing Plan-43$1,144,487$183,216$4,261iApproximate average salary by contribution assumption: employee only about $106,521 at 4% or $71,014 at 6%; with 50% employer match about $71,014 at 4% or $47,343 at 6%; with 100% employer match about $53,260 at 4% or $35,507 at 6%.
2002142$696,397$200,536$4,775iApproximate average salary by contribution assumption: employee only about $119,367 at 4% or $79,578 at 6%; with 50% employer match about $79,578 at 4% or $53,052 at 6%; with 100% employer match about $59,683 at 4% or $39,789 at 6%.
Lake Area Bank 401K Profit Sharing Plan-42$696,397$200,536$4,775iApproximate average salary by contribution assumption: employee only about $119,367 at 4% or $79,578 at 6%; with 50% employer match about $79,578 at 4% or $53,052 at 6%; with 100% employer match about $59,683 at 4% or $39,789 at 6%.
2000132$0$0-
Lake Area Bank 401K Profit Sharing Plan-32---
1999146$870,775$118,606$2,578iApproximate average salary by contribution assumption: employee only about $64,460 at 4% or $42,973 at 6%; with 50% employer match about $42,973 at 4% or $28,649 at 6%; with 100% employer match about $32,230 at 4% or $21,487 at 6%.
Lake Area Bank 401K Profit Sharing Plan-46$870,775$118,606$2,578iApproximate average salary by contribution assumption: employee only about $64,460 at 4% or $42,973 at 6%; with 50% employer match about $42,973 at 4% or $28,649 at 6%; with 100% employer match about $32,230 at 4% or $21,487 at 6%.