ESOP · DOL Form 5500 · 2022

Highlands Bankshares, Inc. ESOP

Data updated 2026-08-25

$2M
Total assets Small plan by assets
110
Participants Small participant base
34th
Percentile by assets National rank
$17,946
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Highlands Bankshares, Inc. Employee Stock Ownership Plan · Sponsored by Highlands Bankshares, Inc. · West Virginia · Management of Enterprises

$2M in assets, 110 participants

Highlands Bankshares, Inc.'s Highlands Bankshares, Inc. Employee Stock Ownership Plan reported $2M in total assets and 110 participants in its 2022 DOL Form 5500 filing, ranking in the 34th 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.

  • #237 in Management of Enterprises (1,193 peers)

Coverage in West Virginia

Highlands Bankshares, Inc. Employee Stock Ownership Plan covers 110 participants in West Virginia, about 24% of the average West Virginia filer (state average ~467 per filing). Assets: $2M.

#237
in Management of Enterprises (1,193 peers)
+5.1%
assets growth YoY

Highlands Bankshares, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Management of Enterprises and all filers

Highlands Bankshares, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$1,974,024 34th percentile higher than 34% 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

Highlands Bankshares, 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. Highlands Bankshares, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (110 participants).

Form 5500 schedule snapshot

Filing strip 550650793 · Highlands Bankshares, Inc. PY 2022 · ESOP

Highlands Bankshares, Inc. Employee Stock Ownership Plan · $2M · 110 · 34th

  • NET $2M
  • BOOK 110
  • VS-ST 34th
  • BOY ESOP
  • SCH near Blaze Holdings, Inc. Employee Stock Ownership Plan
  • EBSA ind #237

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 West Virginia →

Highlands Bankshares, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Sftf Employee Stock Ownership PlanSftf Employee Stock Ownershi…$2MConsolidated Graphics Group, Inc. Employee Stock Ownership Plan and TrustConsolidated Graphics Group,…$2MHighlands Bankshares, Inc. Employee Stock Ownership PlanHighlands Bankshares, Inc. E…$2MBlaze Holdings, Inc. Employee Stock Ownership PlanBlaze Holdings, Inc. Employe…$2MFogle Pump & Supply, Inc. Employee Stock Ownership PlanFogle Pump & Supply, Inc. Em…$2M
End-of-year total assets ($M) among Highlands Bankshares, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

West Virginia filing particulars

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$2M
Net Income$97K
Employer EIN550650793
Plan Effective Date1995-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Highlands Bankshares, Inc.)

Sponsor-wide plan assets over time

All Highlands Bankshares, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$2M 15.593174145805724% vs 2022
2024 filing year
$1.9M$2M$2.1M$2.2M$2.3M$2.4M 202220232024 $1.97M $2.28M ▲ +15.7%
Year Plans Participants Total Assets
2022 1 110 $2M
2023 1 113 $2M
2024 1 112 $2M

Nearby ESOP Plans in West Virginia

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

Highlands Bankshares, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in West Virginia, assets vs. participants Scatter plot of 6 data points. -5000500100015002000 -20020406080 Total assets ($M) Participants Highlands Bankshares, Inc. Employee Stock Ownership Plan, Total assets ($M): 1.974024 · Participants: 110Highlands Bankshares, Inc. Employee Stock Ownership PlanTriton Employee Stock Ownership Plan, Total assets ($M): 62.954773 · Participants: 60Triton Employee Stock Ownership PlanPort Amherst, Ltd. Employee Stock Ownership Plan, Total assets ($M): 36.993299 · Participants: 325Port Amherst, Ltd. Employee Stock Ownership PlanWeirton Geriatric Center, Inc. Employees' Stock Ownership Plan, Total assets ($M): 26.703168 · Participants: 158Weirton Geriatric Center, Inc. Employees' Stock Ownership PlanMulberry's Independent Home Services, Inc. Employee Stock Ownership Plan, Total assets ($M): 24.823151 · Participants: 1716Mulberry's Independent Home Services, Inc. Employee Stock Ownership PlanMarch-Westin Company, Inc. Employee Stock Ownership Plan, Total assets ($M): 15.297112 · Participants: 89March-Westin Company, Inc. Employee Stock Ownership Plan
Highlands Bankshares, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in West Virginia, assets vs. participants
Compare Highlands Bankshares, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside West Virginia, the nearest ESOP by assets is Blaze Holdings, Inc. Employee Stock Ownership Plan in MI ($2M); by covered participants it is Breakside Brewery, Inc. Employee Stock Ownership Plan in OR (110 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (110 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 Highlands Bankshares, Inc. Employee Stock Ownership Plan assets move in 2022? ▼
Highlands Bankshares, Inc. Employee Stock Ownership Plan grew at a solid clip - up 5.1% during 2022, from $2M to $2M. Reported net income was $97K.
How have Highlands Bankshares, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Highlands Bankshares, Inc.'s sponsor-wide assets grew 15.6%, from $2M to $2M.
Which ESOP plans are similar in size to Highlands Bankshares, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Blaze Holdings, Inc. Employee Stock Ownership Plan in MI ($2M, 136 participants).
Which ESOP plans cover a similar participant headcount to Highlands Bankshares, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Breakside Brewery, Inc. Employee Stock Ownership Plan in OR (110 participants, $3M 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 550650793.

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.