ESOP · DOL Form 5500 · 2022

First Freedom Bancshares ESOP

Data updated 2026-08-25

$5M
Total assets Small plan by assets
56
Participants Small participant base
50th
Percentile by assets National rank
$86,597
Avg per participant Below avg balance/head
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Official DOL plan name: First Freedom Bancshares Employee Stock Ownership Plan · Sponsored by First Freedom Bancshares · Tennessee · Finance & Insurance

$5M in assets, 56 participants

First Freedom Bancshares's First Freedom Bancshares Employee Stock Ownership Plan reported $5M in total assets and 56 participants in its 2022 DOL Form 5500 filing, ranking in the 50th 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.

  • #3,215 in Finance & Insurance (9,261 peers)

2022 asset change

First Freedom Bancshares Employee Stock Ownership Plan grew sharply 19.0% in 2022 ($4M → $5M) for 56 participants.

#3,215
in Finance & Insurance (9,261 peers)
+19.0%
assets growth YoY

First Freedom Bancshares Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

First Freedom Bancshares Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$4,849,440 Top 50% higher than 50% of 139,123 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 2022

First Freedom Bancshares Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Freedom Bancshares Employee Stock Ownership Plan is a small filing (56 participants) on this national headcount ladder.

Form 5500 schedule snapshot

Filing strip 263516509 · First Freedom Bancshares PY 2022 · ESOP

First Freedom Bancshares Employee Stock Ownership Plan · $5M · 56 · 50th

  • NET $5M
  • NET 56
  • NET 50th
  • NET ESOP
  • NET near Eastex Environmental Laboratory, Inc. Employee Stock Ownership Plan
  • NET ind #3215

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 What is an ESOP? → · Plans in Tennessee →

First Freedom Bancshares Employee Stock Ownership Plan in the asset neighbourhood

Array Architects Employee Stock Ownership PlanArray Architects Employee St…$5MFirst Freedom Bancshares Employee Stock Ownership PlanFirst Freedom Bancshares Emp…$5MEastex Environmental Laboratory, Inc. Employee Stock Ownership PlanEastex Environmental Laborat…$5MFusion Inc. Employee Stock Ownership PlanFusion Inc. Employee Stock O…$5MBank of Oak Ridge Employee Stock Ownership Plan and TrustBank of Oak Ridge Employee S…$5M
End-of-year total assets ($M) among First Freedom Bancshares Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

First Freedom Bancshares years around the 2022 move

Sponsor-wide plan assets over time

All First Freedom Bancshares plans reported in each filing year

Latest sponsor-wide plan assets
$5M 9.87056237421228% vs 2022
2024 filing year
$4.8M$5M$5.2M$5.4M 202220232024 $4.85M $5.33M ▲ +9.9%
Year Plans Participants Total Assets
2022 1 56 $5M
2023 1 59 $5M
2024 1 65 $5M

2022 asset-move particulars

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$5M
Net Income$748K
Employer EIN263516509
Plan Effective Date2013-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Tennessee

Peer ESOP plans, same state, same plan type, ranked by total assets.

First Freedom Bancshares Employee Stock Ownership Plan vs. nearby ESOP plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -100001000200030004000 -1000100200300400500 Total assets ($M) Participants First Freedom Bancshares Employee Stock Ownership Plan, Total assets ($M): 4.84944 · Participants: 56First Freedom Bancshares Employee Stock Ownership PlanBarr Brands International Amended and Restated Employee Stock Ownership Plan, Total assets ($M): 448.826239 · Participants: 312Barr Brands International Amended and Restated Employee Stock Ownership PlanZander Group Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 199.960184 · Participants: 184Zander Group Holdings, Inc. Employee Stock Ownership Plan3ls, Inc. Employee Stock Ownership Plan, Total assets ($M): 118.475903 · Participants: 5053ls, Inc. Employee Stock Ownership PlanPaladin Capital, Inc. ESOP, Total assets ($M): 99.01375 · Participants: 3771Paladin Capital, Inc. ESOPChurchill Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 93.135811 · Participants: 512Churchill Holdings, Inc. Employee Stock Ownership Plan
First Freedom Bancshares Employee Stock Ownership Plan vs. nearby ESOP plans in Tennessee, assets vs. participants
Compare First Freedom Bancshares Employee Stock Ownership Plan side-by-side with 3 peers →

First Freedom Bancshares Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Tennessee, the nearest ESOP by assets is Eastex Environmental Laboratory, Inc. Employee Stock Ownership Plan in TX ($5M); by covered participants it is Barker-Phillips-Jackson, Inc. Employee Stock Ownership Plan in MO (56 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (56 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did First Freedom Bancshares Employee Stock Ownership Plan assets move in 2022? ▼
First Freedom Bancshares Employee Stock Ownership Plan grew sharply - up 19.0% during 2022, from $4M to $5M. Reported net income was $748K.
How have First Freedom Bancshares plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Freedom Bancshares's sponsor-wide assets grew 9.9%, from $5M to $5M.
Which ESOP plans are similar in size to First Freedom Bancshares Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Eastex Environmental Laboratory, Inc. Employee Stock Ownership Plan in TX ($5M, 11 participants).
Which ESOP plans cover a similar participant headcount to First Freedom Bancshares Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Barker-Phillips-Jackson, Inc. Employee Stock Ownership Plan in MO (56 participants, $36M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 263516509.

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.