ESOP · DOL Form 5500 · 2023

Washington State Bancshares, Inc ESOP

Data updated 2026-08-25

$6M
Total assets Small plan by assets
61
Participants Small participant base
49th
Percentile by assets National rank
$103,644
Avg per participant Below avg balance/head
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Official DOL plan name: Washington State Bancshares, Inc Employee Stock Ownership Plan · Sponsored by Washington State Bancshares, Inc · Louisiana · Management of Enterprises

$6M in assets, 61 participants

Washington State Bancshares, Inc's Washington State Bancshares, Inc Employee Stock Ownership Plan reported $6M in total assets and 61 participants in its 2023 DOL Form 5500 filing, ranking in the 49th 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.

  • #332 in Management of Enterprises (1,137 peers)

Management of Enterprises sector rank

Within Management of Enterprises, Washington State Bancshares, Inc Employee Stock Ownership Plan ranks #332 of 1,137 2023 filers by assets (5623% of the sector average)-$6M for 61 participants.

#332
in Management of Enterprises (1,137 peers)
+10.6%
assets growth YoY

Washington State Bancshares, Inc Employee Stock Ownership Plan's mid-pack asset rank among Management of Enterprises and all filers

Washington State Bancshares, Inc Employee Stock Ownership Plan vs every filed plan by assets

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

$6,322,265 49th percentile higher than 49% 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

Washington State Bancshares, Inc 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. Washington State Bancshares, Inc Employee Stock Ownership Plan is a small filing (61 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Washington State Bancshares, Inc Employee Stock Ownership Plan reported net income fell from $998K in the plan year 2022 filing to $689K in the plan year 2023 filing.
  • Washington State Bancshares, Inc Employee Stock Ownership Plan end-of-year assets rose from $6M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Washington State Bancshares, Inc Employee Stock Ownership Plan reported participants fell from 62 in the plan year 2022 filing to 61 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 721008743 · Washington State Bancshares, Inc PY 2023 · ESOP

Washington State Bancshares, Inc Employee Stock Ownership Plan · $6M · 61 · 49th

  • RANK $6M
  • RANK 61
  • RANK 49th
  • RANK ESOP
  • RANK near Binkley & Barfield, Inc. Profit Sharing Plan
  • RANK ind #332

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 Louisiana →

Washington State Bancshares, Inc Employee Stock Ownership Plan in the asset neighbourhood

Asm Affiliates Employee Stock Ownership PlanAsm Affiliates Employee Stoc…$6MStylmark, Inc. Employee Stock Ownership Plan and TrustStylmark, Inc. Employee Stoc…$6MJohnson and Turner Painting Company, Inc. ESOPJohnson and Turner Painting …$6MWashington State Bancshares, Inc Employee Stock Ownership PlanWashington State Bancshares,…$6MBinkley & Barfield, Inc. Profit Sharing PlanBinkley & Barfield, Inc. Pro…$6M
End-of-year total assets ($M) among Washington State Bancshares, Inc Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Management of Enterprises filing particulars

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$5M
Net Income$689K
Employer EIN721008743
Plan Effective Date2020-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Washington State Bancshares, Inc)

Sponsor-wide plan assets over time

All Washington State Bancshares, Inc plans reported in each filing year

Latest sponsor-wide plan assets
$7M 17.055564772947633% vs 2022
2024 filing year
$5.5M$6M$6.5M$7M 202220232024 $5.71M $6.69M ▲ +17.2%
Year Plans Participants Total Assets
2022 1 62 $6M
2023 1 61 $6M
2024 1 58 $7M

Nearby ESOP Plans in Louisiana

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

Washington State Bancshares, Inc Employee Stock Ownership Plan vs. nearby ESOP plans in Louisiana, assets vs. participants Scatter plot of 6 data points. -100001000200030004000 -2000200400600800 Total assets ($M) Participants Washington State Bancshares, Inc Employee Stock Ownership Plan, Total assets ($M): 6.322265 · Participants: 61Washington State Bancshares, Inc Employee Stock Ownership PlanMagnolia Employee Stock Ownership Plan, Total assets ($M): 611.505673 · Participants: 44Magnolia Employee Stock Ownership PlanAcadian Ambulance Service, Inc. Employee Stock Ownership Plan, Total assets ($M): 446.486105 · Participants: 3467Acadian Ambulance Service, Inc. Employee Stock Ownership PlanMcelroy Metal Mill, Inc. Employee Stock Ownership Plan, Total assets ($M): 143.058565 · Participants: 570Mcelroy Metal Mill, Inc. Employee Stock Ownership PlanRogers Manufacturing Corporation Employee Stock Ownership Plan, Total assets ($M): 132.262774 · Participants: 153Rogers Manufacturing Corporation Employee Stock Ownership PlanGulf Coast Bank & Trust Company Employee Stock Ownership Plan, Total assets ($M): 126.28162 · Participants: 820Gulf Coast Bank & Trust Company Employee Stock Ownership Plan
Washington State Bancshares, Inc Employee Stock Ownership Plan vs. nearby ESOP plans in Louisiana, assets vs. participants
Compare Washington State Bancshares, Inc Employee Stock Ownership Plan side-by-side with 3 peers →

Washington State Bancshares, Inc Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Louisiana, the nearest ESOP by assets is Binkley & Barfield, Inc. Profit Sharing Plan in TX ($6M); by covered participants it is Employee Stock Ownership Plan for Employees of Perry Bancshares, Inc. in OK (61 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (61 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 Washington State Bancshares, Inc Employee Stock Ownership Plan assets move in 2023? ▼
Washington State Bancshares, Inc Employee Stock Ownership Plan grew at a solid clip - up 10.6% during 2023, from $6M to $6M. Reported net income was $689K.
How have Washington State Bancshares, Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Washington State Bancshares, Inc's sponsor-wide assets grew 17.1%, from $6M to $7M.
Which ESOP plans are similar in size to Washington State Bancshares, Inc Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Binkley & Barfield, Inc. Profit Sharing Plan in TX ($6M, 207 participants).
Which ESOP plans cover a similar participant headcount to Washington State Bancshares, Inc Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Employee Stock Ownership Plan for Employees of Perry Bancshares, Inc. in OK (61 participants, $4M 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 721008743.

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.