Hills Bank And Trust Company 401(k) Plan: Login, Facts & Contact Information

Hills Bank And Trust Company 401(k) Plan Facts

Plan name
HILLS BANK AND TRUST CO 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
HILLS BANK AND TRUST COMPANY
Participants
755 (457 active employees)
Former employees with a balance
214
Plan assets
$82,305,496 at Dec 31, 2024
Average account balance
$95,041 across 866 accounts
Employer contributions
$1,652,352 in plan year 2024 (42% of all contributions)
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1994
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Jul 29, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.95 million went into the plan in contributions, $1.65 million of it from the employer (42%).
  • $5.29 million was paid out to participants.
  • Investment and other income added $10.2 million.
  • Administrative expenses were $10,150, about $12 per account.

How the Hills Bank And Trust Company 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019605$53.9 million$1.31 million$1.90 million
2020647$64.3 million$1.52 million$2.53 million
2021684$72.8 million$1.54 million$5.08 million
2022771$60.4 million$1.56 million$3.31 million
2023732$73.5 million$1.69 million$3.51 million
2024755$82.3 million$1.65 million$5.29 million

Hills Bank And Trust Company 401(k) Contact Information

Phone
319-338-1522
Mailing address
590 WEST FOREVERGREEN ROAD, NORTH LIBERTY IA 52317
Plan sponsor
HILLS BANK AND TRUST COMPANY
Employer identification number (EIN)
42-0310580
Plan number
002

Questions about the Hills Bank And Trust Company 401(k)

Does Hills Bank And Trust Company contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.65 million, 42% of all contributions.

Does the Hills Bank And Trust Company 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Hills Bank And Trust Company 401(k) plan?

755 participants at the start of plan year 2024, 457 of them active employees, and 214 former employees who still had money in the plan.

What is the average 401(k) balance at Hills Bank And Trust Company?

About $95,041 per account: $82.3 million in plan assets across 866 accounts with a balance at the end of plan year 2024.

Who manages the Hills Bank And Trust Company 401(k) accounts?

HILLS BANK AND TRUST COMPANY is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Hills Bank And Trust Company. How do I access my 401(k)?

Your account stays with HILLS BANK AND TRUST COMPANY after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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