Profit Sharing · DOL Form 5500 · 2023

Lovelady State Bank Profit Sharing Plan

Data updated 2026-08-25

$759K
Total assets Small plan by assets
8
Participants Small participant base
21st
Percentile by assets National rank
$94,929
Avg per participant Below avg balance/head
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Official DOL plan name: Lovelady State Bank Psp · Sponsored by Lovelady State Bank · Texas · Finance & Insurance

$759K in assets, 8 participants

Lovelady State Bank's Lovelady State Bank Psp reported $759K in total assets and 8 participants in its 2023 DOL Form 5500 filing, ranking in the 21st 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.

  • #1,174 in Finance & Insurance (8,869 peers)

Lovelady State Bank multi-year trail

Lovelady State Bank's plans moved +16.6% in assets from 2022 to 2024; this filing shows Lovelady State Bank Psp at $759K / 8 participants.

#1,174
in Finance & Insurance (8,869 peers)
+6.6%
assets growth YoY

Lovelady State Bank Psp among the smaller filed plans by assets

Lovelady State Bank Psp vs every filed plan by assets

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

$759,430 21st percentile higher than 21% 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

Lovelady State Bank Psp among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Lovelady State Bank Psp is a micro filing (8 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Lovelady State Bank Psp reported net income rose from -$52K in the plan year 2022 filing to $47K in the plan year 2023 filing.
  • Lovelady State Bank Psp reported participants fell from 9 in the plan year 2022 filing to 8 in the plan year 2023 filing.
  • Lovelady State Bank Psp end-of-year assets rose from $712K in the plan year 2022 filing to $759K in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 751455327 · Lovelady State Bank PY 2023 · Profit Sharing

Lovelady State Bank Psp · $759K · 8 · 21st

  • BOY $759K
  • BOY 8
  • BOY 21st
  • BOY Profit Sharing
  • BOY near Miller Supply Co., Inc. of Pittsfield Psp
  • BOY ind #1174

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 Finance & Insurance retirement plans → · Plans in Texas →

Lovelady State Bank Psp in the asset neighbourhood

Lovelady State Bank Psp$759KMiller Supply Co., Inc. of Pittsfield PspMiller Supply Co., Inc. of P…$759KJmc Enterprises, Inc. Retirement PlanJmc Enterprises, Inc. Retire…$759KKenneth M. Owyang, O.D. Profit Sharing PlanKenneth M. Owyang, O.D. Prof…$760KDr. Irma Colon, Psc Radiologist Retirement PlanDr. Irma Colon, Psc Radiolog…$759K
End-of-year total assets ($M) among Lovelady State Bank Psp and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Lovelady State Bank multi-year asset trail

Sponsor-wide plan assets over time

All Lovelady State Bank plans reported in each filing year

Latest sponsor-wide plan assets
$830K 16.55494520149873% vs 2022
2024 filing year
$0.65M$0.7M$0.75M$0.8M$0.85M 202220232024 $0.71M $0.83M ▲ +16.9%
Year Plans Participants Total Assets
2022 1 9 $712K
2023 1 8 $759K
2024 1 8 $830K

Lovelady State Bank filing trail (2023)

Total Assets (Beginning of Year)$712K
Net Assets (End of Year)$759K
Net Income$47K
Employer EIN751455327
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Nearby Profit Sharing Plans in Texas

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

Lovelady State Bank Psp vs. nearby Profit Sharing plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -202468 Total assets ($B) Participants Lovelady State Bank Psp, Total assets ($B): 0.00075943 · Participants: 8Lovelady State Bank PspSouthwest Airlines Co. Profitsharing Plan, Total assets ($B): 5.82182651 · Participants: 71461Southwest Airlines Co. Profitsharing PlanBaylor College of Medicine Retirement Plan, Total assets ($B): 1.714999292 · Participants: 10240Baylor College of Medicine Retirement PlanH-E-B Partner Stock Plan, Total assets ($B): 1.320262511 · Participants: 96911H-E-B Partner Stock PlanThe Defined Contribution Plan of the Methodist Hospital, Total assets ($B): 0.92297353 · Participants: 29678The Defined Contribution Plan of the Methodist HospitalAmerican Heart Association, Inc. Qualified Retirement Plan, Total assets ($B): 0.456894615 · Participants: 3455American Heart Association, Inc. Qualified Retirement Plan
Lovelady State Bank Psp vs. nearby Profit Sharing plans in Texas, assets vs. participants
Compare Lovelady State Bank Psp side-by-side with 3 peers →

Lovelady State Bank Psp's out-of-state Profit Sharing peers by assets and headcount

Outside Texas, the nearest Profit Sharing by assets is Miller Supply Co., Inc. of Pittsfield Psp in MA ($759K); by covered participants it is Verona Insurance Agency, Inc. 401(k) Profit Sharing Plan in NJ (8 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (8 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 Lovelady State Bank Psp assets move in 2023? ▼
Lovelady State Bank Psp grew at a solid clip - up 6.6% during 2023, from $712K to $759K. Reported net income was $47K.
How have Lovelady State Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Lovelady State Bank's sponsor-wide assets grew 16.6%, from $712K to $830K.
Where does Lovelady State Bank Psp rank by assets among Form 5500 filers? ▼
Lovelady State Bank Psp ranks in the 21st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which Profit Sharing plans are similar in size to Lovelady State Bank Psp? ▼
Among Profit Sharing plans in other states, the closest by assets is Miller Supply Co., Inc. of Pittsfield Psp in MA ($759K, 2 participants).
Which Profit Sharing plans cover a similar participant headcount to Lovelady State Bank Psp? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Verona Insurance Agency, Inc. 401(k) Profit Sharing Plan in NJ (8 participants, $424K 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 751455327.

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.