ESOP · DOL Form 5500 · 2022

South Plains Financial, Inc. ESOP

Data updated 2026-08-25

$74M
Total assets Below avg plan size
542
Participants Below avg headcount
91st
Percentile by assets National rank
$135,796
Avg per participant Near avg balance/head
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Official DOL plan name: South Plains Financial, Inc. Employee Stock Ownership Plan · Sponsored by South Plains Financial, Inc. · Texas · Finance & Insurance

$74M in assets, 542 participants

South Plains Financial, Inc.'s South Plains Financial, Inc. Employee Stock Ownership Plan reported $74M in total assets and 542 participants in its 2022 DOL Form 5500 filing, ranking in the 91st 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.

  • #7,905 in Finance & Insurance (9,261 peers)

Where South Plains Financial, Inc. Employee Stock Ownership Plan sits by assets

South Plains Financial, Inc. Employee Stock Ownership Plan sits in the top 10% of all filed plans by assets, $74M for 542 participants (~$135,796/participant), down 8.2% in 2022.

#7,905
in Finance & Insurance (9,261 peers)
-8.2%
assets change YoY
0.7×
vs typical plan assets (national mean)

The plan reported a net loss of $7M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

South Plains Financial, Inc. Employee Stock Ownership Plan's outsized position by total assets

South Plains Financial, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$73,601,636 Top 9% higher than 91% 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

South Plains Financial, 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. South Plains Financial, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (542 participants).

DOL schedule card

Filing strip 752453320 · South Plains Financial, Inc. PY 2022 · ESOP

South Plains Financial, Inc. Employee Stock Ownership Plan · $74M · 542 · 91st

  • BOOK $74M
  • VS-ST 542
  • BOY 91st
  • SCH ESOP
  • EBSA near Cornerstone Controls, Inc. Employee Stock Ownership Plan
  • PART ind #7905

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 Texas →

South Plains Financial, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Reliance Steel & Aluminum Co. Employee Stock Ownership PlanReliance Steel & Aluminum Co…$74MMaine Drilling and Blasting Group Employee Stock Ownership PlanMaine Drilling and Blasting …$74MSouth Plains Financial, Inc. Employee Stock Ownership PlanSouth Plains Financial, Inc.…$74MCornerstone Controls, Inc. Employee Stock Ownership PlanCornerstone Controls, Inc. E…$74MI&s Group, Inc. Employee Stock Ownership PlanI&s Group, Inc. Employee Sto…$73M
End-of-year total assets ($M) among South Plains Financial, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$80M
Net Assets (End of Year)$74M
Net Income-$7M
Employer EIN752453320
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (South Plains Financial, Inc.)

Sponsor-wide plan assets over time

All South Plains Financial, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$50M 55.54218502085276% vs 2022
2024 filing year
$0M$50M$100M$150M 202220232024 $113M $50.2M ▼ -55.5%
Year Plans Participants Total Assets
2022 3 1,646 $113M
2023 1 657 $45M
2024 1 607 $50M

Nearby ESOP Plans in Texas

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

South Plains Financial, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Texas, assets vs. participants Scatter plot of 6 data points. 0200040006000 -50510152025 Total assets ($B) Participants South Plains Financial, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.073601636 · Participants: 542South Plains Financial, Inc. Employee Stock Ownership PlanSammons Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($B): 20.550345006 · Participants: 2620Sammons Enterprises, Inc. Employee Stock Ownership PlanHighland Homes Employee Stock Ownership Plan, Total assets ($B): 0.519630506 · Participants: 690Highland Homes Employee Stock Ownership PlanCactus Feeders, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.495132236 · Participants: 818Cactus Feeders, Inc. Employee Stock Ownership PlanAustin Industries Employee Stock Ownership Plan, Total assets ($B): 0.421653441 · Participants: 5325Austin Industries Employee Stock Ownership PlanLja Engineering ESOP, Total assets ($B): 0.352817177 · Participants: 1298Lja Engineering ESOP
South Plains Financial, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Texas, assets vs. participants
Compare South Plains Financial, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

South Plains Financial, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Texas, the nearest ESOP by assets is Cornerstone Controls, Inc. Employee Stock Ownership Plan in IN ($74M); by covered participants it is M. B. Haynes Corporation Employee Stock Ownership Plan in NC (542 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (542 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 South Plains Financial, Inc. Employee Stock Ownership Plan assets move in 2022? ▼
South Plains Financial, Inc. Employee Stock Ownership Plan pulled back noticeably - down 8.2% during 2022, from $80M to $74M. Reported net income was -$7M.
How have South Plains Financial, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), South Plains Financial, Inc.'s sponsor-wide assets declined 55.5%, from $113M to $50M.
Where does South Plains Financial, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
South Plains Financial, Inc. Employee Stock Ownership Plan ranks in the 91st percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which ESOP plans are similar in size to South Plains Financial, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Cornerstone Controls, Inc. Employee Stock Ownership Plan in IN ($74M, 133 participants).
Which ESOP plans cover a similar participant headcount to South Plains Financial, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is M. B. Haynes Corporation Employee Stock Ownership Plan in NC (542 participants, $46M 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 752453320.

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.