ESOP · DOL Form 5500 · 2023

Tri-County Bank ESOP

Data updated 2026-08-25

$10M
Total assets Small plan by assets
70
Participants Small participant base
59th
Percentile by assets National rank
$144,524
Avg per participant Above avg balance/head
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Official DOL plan name: Tri-County Bank Employee Stock Ownership Plan · Sponsored by Tri-County Bank · Michigan · Finance & Insurance

$10M in assets, 70 participants

Tri-County Bank's Tri-County Bank Employee Stock Ownership Plan reported $10M in total assets and 70 participants in its 2023 DOL Form 5500 filing, ranking in the 59th 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.

  • #3,863 in Finance & Insurance (8,869 peers)

Tri-County Bank multi-year trail

Tri-County Bank's plans moved +11.8% in assets from 2022 to 2024; this filing shows Tri-County Bank Employee Stock Ownership Plan at $10M / 70 participants.

#3,863
in Finance & Insurance (8,869 peers)
+0.1%
assets growth YoY

Tri-County Bank Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Tri-County Bank Employee Stock Ownership Plan vs every filed plan by assets

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

$10,116,679 Top 41% higher than 59% 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

Tri-County Bank Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Tri-County Bank Employee Stock Ownership Plan is a small filing (70 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Tri-County Bank Employee Stock Ownership Plan reported net income rose from -$185K in the plan year 2022 filing to $10K in the plan year 2023 filing.
  • Tri-County Bank Employee Stock Ownership Plan reported participants rose from 65 in the plan year 2022 filing to 70 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 380377226 · Tri-County Bank PY 2023 · ESOP

Tri-County Bank Employee Stock Ownership Plan · $10M · 70 · 59th

  • RANK $10M
  • PHOTO 70
  • IND 59th
  • EOY ESOP
  • 5500 near Andrew Davidson & Co., Inc. Employee Stock Ownership Plan
  • ASSETS ind #3863

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 Michigan →

Tri-County Bank Employee Stock Ownership Plan in the asset neighbourhood

Tri-County Bank Employee Stock Ownership PlanTri-County Bank Employee Sto…$10MAndrew Davidson & Co., Inc. Employee Stock Ownership PlanAndrew Davidson & Co., Inc. …$10MAct Fulfillment, Inc. Employee Stock Ownership PlanAct Fulfillment, Inc. Employ…$10MCommercial Bank of Mott Employee Stock Ownership PlanCommercial Bank of Mott Empl…$10MAcme Truck Employee Stock Ownership PlanAcme Truck Employee Stock Ow…$10M
End-of-year total assets ($M) among Tri-County Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Tri-County Bank multi-year asset trail

Sponsor-wide plan assets over time

All Tri-County Bank plans reported in each filing year

Latest sponsor-wide plan assets
$11M 11.781935952526323% vs 2022
2024 filing year
$9.5M$10M$10.5M$11M$11.5M 202220232024 $10.1M $11.3M ▲ +11.8%
Year Plans Participants Total Assets
2022 1 65 $10M
2023 1 70 $10M
2024 1 69 $11M

Tri-County Bank filing trail (2023)

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$10M
Net Income$10K
Employer EIN380377226
Plan Effective Date1986-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Michigan

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

Tri-County Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants Scatter plot of 6 data points. -5000500100015002000 -0.500.511.5 Total assets ($B) Participants Tri-County Bank Employee Stock Ownership Plan, Total assets ($B): 0.010116679 · Participants: 70Tri-County Bank Employee Stock Ownership PlanMcnaughton-Mckay Electric Company Employee Stock Ownership Plan, Total assets ($B): 1.30777109 · Participants: 1635Mcnaughton-Mckay Electric Company Employee Stock Ownership PlanThe Kendall Group Employee Stock Ownership Plan, Total assets ($B): 0.808091077 · Participants: 1907The Kendall Group Employee Stock Ownership PlanProject Worldwide, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.436210284 · Participants: 1173Project Worldwide, Inc. Employee Stock Ownership PlanMotor City Electric Co. Employee Stock Ownership Plan, Total assets ($B): 0.258079249 · Participants: 207Motor City Electric Co. Employee Stock Ownership PlanLee Contracting, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.237688318 · Participants: 500Lee Contracting, Inc. Employee Stock Ownership Plan
Tri-County Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Tri-County Bank Employee Stock Ownership Plan side-by-side with 3 peers →

Tri-County Bank Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Michigan, the nearest ESOP by assets is Andrew Davidson & Co., Inc. Employee Stock Ownership Plan in NY ($10M); by covered participants it is Amended and Restated Affinity Bank Employee Stock Ownership Plan in GA (70 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (70 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 Tri-County Bank Employee Stock Ownership Plan assets move in 2023? ▼
Tri-County Bank Employee Stock Ownership Plan held essentially flat - up 0.1% during 2023, from $10M to $10M. Reported net income was $10K.
How have Tri-County Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Tri-County Bank's sponsor-wide assets grew 11.8%, from $10M to $11M.
Which ESOP plans are similar in size to Tri-County Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Andrew Davidson & Co., Inc. Employee Stock Ownership Plan in NY ($10M, 48 participants).
Which ESOP plans cover a similar participant headcount to Tri-County Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Amended and Restated Affinity Bank Employee Stock Ownership Plan in GA (70 participants, $9M 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 380377226.

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.