ESOP · DOL Form 5500 · 2022

Progressive Bancorp, Inc. ESOP

Data updated 2026-08-25

$4M
Total assets Small plan by assets
115
Participants Small participant base
45th
Percentile by assets National rank
$33,742
Avg per participant Low balance/head
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Official DOL plan name: Progressive Bancorp, Inc. Employee Stock Ownership Plan · Sponsored by Progressive Bancorp, Inc. · Louisiana · Finance & Insurance

$4M in assets, 115 participants

Progressive Bancorp, Inc.'s Progressive Bancorp, Inc. Employee Stock Ownership Plan reported $4M in total assets and 115 participants in its 2022 DOL Form 5500 filing, ranking in the 45th 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.

  • #2,883 in Finance & Insurance (9,261 peers)

Coverage in Louisiana

Progressive Bancorp, Inc. Employee Stock Ownership Plan covers 115 participants in Louisiana, about 23% of the average Louisiana filer (state average ~495 per filing). Assets: $4M.

#2,883
in Finance & Insurance (9,261 peers)
-10.8%
assets change YoY

The plan reported a net loss of $468K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Progressive Bancorp, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Progressive Bancorp, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$3,880,286 45th percentile higher than 45% 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

Progressive Bancorp, Inc. Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Progressive Bancorp, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (115 participants).

DOL schedule card

Filing strip 720988150 · Progressive Bancorp, Inc. PY 2022 · ESOP

Progressive Bancorp, Inc. Employee Stock Ownership Plan · $4M · 115 · 45th

  • RANK $4M
  • RANK 115
  • RANK 45th
  • RANK ESOP
  • RANK near Southern Services, Inc. Employee Stock Ownership Plan
  • RANK ind #2883

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 Louisiana →

Progressive Bancorp, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Campbell Lumber & Supply Co., Inc. Employee Stock Ownership Plan & TrustCampbell Lumber & Supply Co.…$4MSaw Ventures, Inc. Employee Stock Ownership PlanSaw Ventures, Inc. Employee …$4MLester R. Summers, Inc. Employee Stock Ownership PlanLester R. Summers, Inc. Empl…$4MProgressive Bancorp, Inc. Employee Stock Ownership PlanProgressive Bancorp, Inc. Em…$4MSouthern Services, Inc. Employee Stock Ownership PlanSouthern Services, Inc. Empl…$4M
End-of-year total assets ($M) among Progressive Bancorp, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Louisiana filing particulars

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$4M
Net Income-$468K
Employer EIN720988150
Plan Effective Date1998-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Progressive Bancorp, Inc.)

Sponsor-wide plan assets over time

All Progressive Bancorp, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$4M 4.535773909448943% vs 2022
2024 filing year
$3.4M$3.6M$3.8M$4M 202220232024 $3.88M $3.7M ▼ -4.6%
Year Plans Participants Total Assets
2022 1 115 $4M
2023 1 111 $3M
2024 1 111 $4M

Nearby ESOP Plans in Louisiana

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

Progressive Bancorp, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Louisiana, assets vs. participants Scatter plot of 6 data points. -100001000200030004000 -2000200400600 Total assets ($M) Participants Progressive Bancorp, Inc. Employee Stock Ownership Plan, Total assets ($M): 3.880286 · Participants: 115Progressive Bancorp, Inc. Employee Stock Ownership PlanMagnolia Employee Stock Ownership Plan, Total assets ($M): 498.809004 · Participants: 561Magnolia Employee Stock Ownership PlanAcadian Ambulance Service, Inc. Employee Stock Ownership Plan, Total assets ($M): 397.78589 · Participants: 3581Acadian Ambulance Service, Inc. Employee Stock Ownership PlanMcelroy Metal Mill, Inc. Employee Stock Ownership Plan, Total assets ($M): 178.557968 · Participants: 566Mcelroy Metal Mill, Inc. Employee Stock Ownership PlanGulf Coast Bank & Trust Company Employee Stock Ownership Plan, Total assets ($M): 110.666049 · Participants: 779Gulf Coast Bank & Trust Company Employee Stock Ownership PlanAmg Employee Stock Ownership Plan, Total assets ($M): 83.954227 · Participants: 439Amg Employee Stock Ownership Plan
Progressive Bancorp, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Louisiana, assets vs. participants
Compare Progressive Bancorp, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Progressive Bancorp, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Louisiana, the nearest ESOP by assets is Southern Services, Inc. Employee Stock Ownership Plan in TX ($4M); by covered participants it is Rose & Kiernan Emp Stock Ownership Pl & Tr in NY (115 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (115 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 Progressive Bancorp, Inc. Employee Stock Ownership Plan assets move in 2022? ▼
Progressive Bancorp, Inc. Employee Stock Ownership Plan pulled back noticeably - down 10.8% during 2022, from $4M to $4M. Reported net income was -$468K.
How have Progressive Bancorp, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Progressive Bancorp, Inc.'s sponsor-wide assets declined 4.5%, from $4M to $4M.
Which ESOP plans are similar in size to Progressive Bancorp, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Southern Services, Inc. Employee Stock Ownership Plan in TX ($4M, 71 participants).
Which ESOP plans cover a similar participant headcount to Progressive Bancorp, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Rose & Kiernan Emp Stock Ownership Pl & Tr in NY (115 participants, N/A 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 720988150.

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.