ESOP · DOL Form 5500 · 2023

Spencer County Bank ESOP

Data updated 2026-08-25

$2M
Total assets Small plan by assets
39
Participants Small participant base
31st
Percentile by assets National rank
$53,574
Avg per participant Low balance/head
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Official DOL plan name: Spencer County Bank Employees' Stock Ownership Plan & Trust · Sponsored by Spencer County Bank · Indiana · Finance & Insurance

$2M in assets, 39 participants

Spencer County Bank's Spencer County Bank Employees' Stock Ownership Plan & Trust reported $2M in total assets and 39 participants in its 2023 DOL Form 5500 filing, ranking in the 31st 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.

  • #1,876 in Finance & Insurance (8,869 peers)

What the 2023 filing shows

Spencer County Bank Employees' Stock Ownership Plan & Trust holds $2M for 39 participants - about $53,574 per participant, in the lower half of filed plans by assets.

#1,876
in Finance & Insurance (8,869 peers)
-3.2%
assets change YoY

The plan reported a net loss of $68K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Spencer County Bank Employees' Stock Ownership Plan & Trust among the smaller filed plans by assets

Spencer County Bank Employees' Stock Ownership Plan & Trust vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$2,089,392 31st percentile higher than 31% of 127,068 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 2023

Spencer County Bank Employees' Stock Ownership Plan & Trust among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Spencer County Bank Employees' Stock Ownership Plan & Trust is a small filing (39 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Spencer County Bank Employees' Stock Ownership Plan & Trust reported net income fell from $165K in the plan year 2022 filing to -$68K in the plan year 2023 filing.
  • Spencer County Bank Employees' Stock Ownership Plan & Trust end-of-year assets fell from $2M in the plan year 2022 filing to $2M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 350458660 · Spencer County Bank PY 2023 · ESOP

Spencer County Bank Employees' Stock Ownership Plan & Trust · $2M · 39 · 31st

  • VS-ST $2M
  • BOY 39
  • SCH 31st
  • EBSA ESOP
  • PART near Argi Holdings, Inc. Employee Stock Ownership Plan
  • TYPE ind #1876

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 Indiana →

Spencer County Bank Employees' Stock Ownership Plan & Trust in the asset neighbourhood

Hale Northeastern Employee Stock Ownership PlanHale Northeastern Employee S…$2MSpencer County Bank Employees' Stock Ownership Plan & TrustSpencer County Bank Employee…$2MArgi Holdings, Inc. Employee Stock Ownership PlanArgi Holdings, Inc. Employee…$2MScientific Engineering Inc Employees Stock Ownership PlanScientific Engineering Inc E…$2MSauder Custom Fabrication, Inc. Employee Stock Ownership PlanSauder Custom Fabrication, I…$2M
End-of-year total assets ($M) among Spencer County Bank Employees' Stock Ownership Plan & Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Filing particulars (2023)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$2M
Net Income-$68K
Employer EIN350458660
Plan Effective Date1986-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Spencer County Bank)

Sponsor-wide plan assets over time

All Spencer County Bank plans reported in each filing year

Latest sponsor-wide plan assets
$2M 3.6977945801525656% vs 2022
2024 filing year
$2.05M$2.1M$2.15M$2.2M 202220232024 $2.16M $2.08M ▼ -3.7%
Year Plans Participants Total Assets
2022 1 39 $2M
2023 1 39 $2M
2024 1 40 $2M

Nearby ESOP Plans in Indiana

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

Spencer County Bank Employees' Stock Ownership Plan & Trust vs. nearby ESOP plans in Indiana, assets vs. participants Scatter plot of 6 data points. -100001000200030004000 -0.500.511.522.5 Total assets ($B) Participants Spencer County Bank Employees' Stock Ownership Plan & Trust, Total assets ($B): 0.002089392 · Participants: 39Spencer County Bank Employees' Stock Ownership Plan & TrustJasper Holdings, Inc Employee Stock Ownership Plan and Trust, Total assets ($B): 1.921766853 · Participants: 3535Jasper Holdings, Inc Employee Stock Ownership Plan and TrustUrschel Laboratories Employee Stock Ownership Plan, Total assets ($B): 0.36648086 · Participants: 487Urschel Laboratories Employee Stock Ownership PlanNibco Inc. Employee Stock Ownership Plan, Total assets ($B): 0.364505967 · Participants: 1242Nibco Inc. Employee Stock Ownership PlanSuperior Industrial Solutions, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.138902309 · Participants: 363Superior Industrial Solutions, Inc. Employee Stock Ownership PlanDucharme, Mcmillen & Associates, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.135390454 · Participants: 558Ducharme, Mcmillen & Associates, Inc. Employee Stock Ownership Plan
Spencer County Bank Employees' Stock Ownership Plan & Trust vs. nearby ESOP plans in Indiana, assets vs. participants
Compare Spencer County Bank Employees' Stock Ownership Plan & Trust side-by-side with 3 peers →

Spencer County Bank Employees' Stock Ownership Plan & Trust's out-of-state ESOP peers by assets and headcount

Outside Indiana, the nearest ESOP by assets is Argi Holdings, Inc. Employee Stock Ownership Plan in KY ($2M); by covered participants it is Consolidated Electronic Wire & Cable Corp. Employee Stock Ownership Plan in IL (39 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (39 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Spencer County Bank Employees' Stock Ownership Plan & Trust assets move in 2023? ▼
Spencer County Bank Employees' Stock Ownership Plan & Trust edged down modestly - down 3.2% during 2023, from $2M to $2M. Reported net income was -$68K.
How have Spencer County Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Spencer County Bank's sponsor-wide assets declined 3.7%, from $2M to $2M.
Which ESOP plans are similar in size to Spencer County Bank Employees' Stock Ownership Plan & Trust? ▼
Among ESOP plans in other states, the closest by assets is Argi Holdings, Inc. Employee Stock Ownership Plan in KY ($2M, 253 participants).
Which ESOP plans cover a similar participant headcount to Spencer County Bank Employees' Stock Ownership Plan & Trust? ▼
Among ESOP plans in other states, the closest by covered participants is Consolidated Electronic Wire & Cable Corp. Employee Stock Ownership Plan in IL (39 participants, $29M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 350458660.

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.