ESOP · DOL Form 5500 · 2022

Altrust Financial Services, Inc. ESOP

Data updated 2026-08-25

$30M
Total assets Below avg plan size
270
Participants Below avg headcount
83rd
Percentile by assets National rank
$110,222
Avg per participant Below avg balance/head
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Official DOL plan name: Altrust Financial Services, Inc. Employee Stock Ownership Plan · Sponsored by Altrust Financial Services, Inc. · Alabama · Finance & Insurance

$30M in assets, 270 participants

Altrust Financial Services, Inc.'s Altrust Financial Services, Inc. Employee Stock Ownership Plan reported $30M in total assets and 270 participants in its 2022 DOL Form 5500 filing, ranking in the 83rd 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.

  • #6,678 in Finance & Insurance (9,261 peers)

Where Altrust Financial Services, Inc. Employee Stock Ownership Plan sits by assets

Altrust Financial Services, Inc. Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $30M for 270 participants (~$110,222/participant), up 14.1% in 2022.

#6,678
in Finance & Insurance (9,261 peers)
+14.1%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Altrust Financial Services, Inc. Employee Stock Ownership Plan's outsized position by total assets

Altrust Financial Services, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$29,759,981 Top 17% higher than 83% 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

Altrust Financial Services, 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. Altrust Financial Services, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (270 participants).

DOL schedule card

Filing strip 630923450 · Altrust Financial Services, Inc. PY 2022 · ESOP

Altrust Financial Services, Inc. Employee Stock Ownership Plan · $30M · 270 · 83rd

  • BOOK $30M
  • VS-ST 270
  • BOY 83rd
  • SCH ESOP
  • EBSA near Consulting Engineers Group Employee Stock Ownership Plan
  • PART ind #6678

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 Alabama →

Altrust Financial Services, Inc. Employee Stock Ownership Plan in the asset neighbourhood

J. D. Steel Co., Inc. Employee Stock Ownership PlanJ. D. Steel Co., Inc. Employ…$30MConsulting Engineers Group Employee Stock Ownership PlanConsulting Engineers Group E…$30MAltrust Financial Services, Inc. Employee Stock Ownership PlanAltrust Financial Services, …$30MCtl Engineering, Inc. Employee Stock Ownership PlanCtl Engineering, Inc. Employ…$30MControl Air Employee Stock Ownership PlanControl Air Employee Stock O…$30M
End-of-year total assets ($M) among Altrust Financial Services, 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)$26M
Net Assets (End of Year)$30M
Net Income$4M
Employer EIN630923450
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Altrust Financial Services, Inc.)

Sponsor-wide plan assets over time

All Altrust Financial Services, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$49M 38.35921886643296% vs 2022
2024 filing year
$30M$35M$40M$45M$50M$55M 202220232024 $35.7M $49.4M ▲ +38.4%
Year Plans Participants Total Assets
2022 2 541 $36M
2023 2 553 $41M
2024 2 560 $49M

Nearby ESOP Plans in Alabama

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

Altrust Financial Services, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Alabama, assets vs. participants Scatter plot of 6 data points. 050010001500 0100200300400500 Total assets ($M) Participants Altrust Financial Services, Inc. Employee Stock Ownership Plan, Total assets ($M): 29.759981 · Participants: 270Altrust Financial Services, Inc. Employee Stock Ownership PlanStarfish Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 388.874122 · Participants: 1314Starfish Holdings, Inc. Employee Stock Ownership PlanStarfish Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 388.874122 · Participants: 1314Starfish Holdings, Inc. Employee Stock Ownership PlanInline Electric Employee Stock Ownership Plan, Total assets ($M): 163.711693 · Participants: 231Inline Electric Employee Stock Ownership PlanSignature Homes Employee Stock Ownership Plan, Total assets ($M): 126.162 · Participants: 130Signature Homes Employee Stock Ownership PlanRadiance Technologies, Inc. Employee Stock Ownership Plan, Total assets ($M): 120.092479 · Participants: 853Radiance Technologies, Inc. Employee Stock Ownership Plan
Altrust Financial Services, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Alabama, assets vs. participants
Compare Altrust Financial Services, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Alabama, the nearest ESOP by assets is Consulting Engineers Group Employee Stock Ownership Plan in IL ($30M); by covered participants it is Hinderliter, De Llamas & Associates ESOP in CA (270 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (270 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 Altrust Financial Services, Inc. Employee Stock Ownership Plan assets move in 2022? ▼
Altrust Financial Services, Inc. Employee Stock Ownership Plan grew at a solid clip - up 14.1% during 2022, from $26M to $30M. Reported net income was $4M.
How have Altrust Financial Services, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Altrust Financial Services, Inc.'s sponsor-wide assets grew 38.4%, from $36M to $49M.
Where does Altrust Financial Services, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Altrust Financial Services, Inc. Employee Stock Ownership Plan ranks in the 83rd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Altrust Financial Services, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Consulting Engineers Group Employee Stock Ownership Plan in IL ($30M, 133 participants).
Which ESOP plans cover a similar participant headcount to Altrust Financial Services, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Hinderliter, De Llamas & Associates ESOP in CA (270 participants, $58M 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 630923450.

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.