ESOP · DOL Form 5500 · 2022

1st Security Bank of Washington ESOP

Data updated 2026-08-25

$16M
Total assets Small plan by assets
434
Participants Below avg headcount
73rd
Percentile by assets National rank
$36,458
Avg per participant Low balance/head
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Official DOL plan name: Fs Bancorp, Inc. Employee Stock Ownership Plan · Sponsored by 1st Security Bank of Washington · Washington · Finance & Insurance

$16M in assets, 434 participants

1st Security Bank of Washington's Fs Bancorp, Inc. Employee Stock Ownership Plan reported $16M in total assets and 434 participants in its 2022 DOL Form 5500 filing, ranking in the 73rd 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.

  • #5,435 in Finance & Insurance (9,261 peers)

Coverage in Washington

Fs Bancorp, Inc. Employee Stock Ownership Plan covers 434 participants in Washington, about 29% of the average Washington filer (state average ~1,476 per filing). Assets: $16M.

#5,435
in Finance & Insurance (9,261 peers)
-0.3%
assets change YoY

The plan reported a net loss of $43K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Fs Bancorp, Inc. Employee Stock Ownership Plan's outsized position by total assets

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

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

$15,822,657 Top 27% higher than 73% 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

Fs 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. Fs Bancorp, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (434 participants).

Plan-year Form 5500 strip

Filing strip 910459933 · 1st Security Bank of Washington PY 2022 · ESOP

Fs Bancorp, Inc. Employee Stock Ownership Plan · $16M · 434 · 73rd

  • PART $16M
  • PART 434
  • PART 73rd
  • PART ESOP
  • PART near Cp&y, Inc. Employee Stock Ownership Plan
  • PART ind #5435

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 Washington →

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

Westland Resources, Inc. Employee Stock Ownership PlanWestland Resources, Inc. Emp…$16MFs Bancorp, Inc. Employee Stock Ownership PlanFs Bancorp, Inc. Employee St…$16MCp&y, Inc. Employee Stock Ownership PlanCp&y, Inc. Employee Stock Ow…$16MAlaska Rent-a-Car, Inc. Employee Stock Ownership PlanAlaska Rent-a-Car, Inc. Empl…$16MSwanson & Youngdale Employee Stock Ownership PlanSwanson & Youngdale Employee…$16M
End-of-year total assets ($M) among Fs Bancorp, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Washington filing particulars

Total Assets (Beginning of Year)$16M
Net Assets (End of Year)$16M
Net Income-$43K
Employer EIN910459933
Plan Effective Date2012-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (1st Security Bank of Washington)

Sponsor-wide plan assets over time

All 1st Security Bank of Washington plans reported in each filing year

Latest sponsor-wide plan assets
$78M 37.085434099943996% vs 2022
2024 filing year
$50M$60M$70M$80M$90M 202220232024 $57.2M $78.4M ▲ +37.1%
Year Plans Participants Total Assets
2022 2 981 $57M
2023 2 1,001 $69M
2024 2 998 $78M

Nearby ESOP Plans in Washington

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

Fs Bancorp, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Washington, assets vs. participants Scatter plot of 6 data points. 01000200030004000 -0.500.511.52 Total assets ($B) Participants Fs Bancorp, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.015822657 · Participants: 434Fs Bancorp, Inc. Employee Stock Ownership PlanSchweitzer Engineering Laboratories, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.763037695 · Participants: 3621Schweitzer Engineering Laboratories, Inc. Employee Stock Ownership PlanTriple B Corporation Employee Stock Ownership Plan, Total assets ($B): 0.282617196 · Participants: 1096Triple B Corporation Employee Stock Ownership PlanManson Construction Co. Non-Craft Employee Stock Ownership Plan, Total assets ($B): 0.151972472 · Participants: 322Manson Construction Co. Non-Craft Employee Stock Ownership PlanPoint B, Inc. Employee Stock Ownership Plan and Trust, Total assets ($B): 0.142690764 · Participants: 768Point B, Inc. Employee Stock Ownership Plan and TrustThe Plexsys Interface Products, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.131317752 · Participants: 211The Plexsys Interface Products, Inc. Employee Stock Ownership Plan
Fs Bancorp, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Washington, assets vs. participants
Compare Fs Bancorp, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Washington, the nearest ESOP by assets is Cp&y, Inc. Employee Stock Ownership Plan in TX ($16M); by covered participants it is Ksm Business Services, Inc. Employee Stock Ownership Plan in IN (434 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (434 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 Fs Bancorp, Inc. Employee Stock Ownership Plan assets move in 2022? ▼
Fs Bancorp, Inc. Employee Stock Ownership Plan held essentially flat - down 0.3% during 2022, from $16M to $16M. Reported net income was -$43K.
How have 1st Security Bank of Washington plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), 1st Security Bank of Washington's sponsor-wide assets grew 37.1%, from $57M to $78M.
Which ESOP plans are similar in size to Fs Bancorp, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Cp&y, Inc. Employee Stock Ownership Plan in TX ($16M, 291 participants).
Which ESOP plans cover a similar participant headcount to Fs Bancorp, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Ksm Business Services, Inc. Employee Stock Ownership Plan in IN (434 participants, $94M 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 910459933.

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.