ESOP · DOL Form 5500 · 2023

Central Bancshares, Inc. ESOP

Data updated 2026-08-25

$39M
Total assets Below avg plan size
413
Participants Below avg headcount
83rd
Percentile by assets National rank
$94,661
Avg per participant Below avg balance/head
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Official DOL plan name: Central Employees Stock Ownership Plan and Trust · Sponsored by Central Bancshares, Inc. · Kentucky · Finance & Insurance

$39M in assets, 413 participants

Central Bancshares, Inc.'s Central Employees Stock Ownership Plan and Trust reported $39M in total assets and 413 participants in its 2023 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.

  • #6,532 in Finance & Insurance (8,869 peers)

Where Central Employees Stock Ownership Plan and Trust sits by assets

Central Employees Stock Ownership Plan and Trust sits in the top quartile of all filed plans by assets, $39M for 413 participants (~$94,661/participant), up 8.3% in 2023.

#6,532
in Finance & Insurance (8,869 peers)
+8.3%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Central Employees Stock Ownership Plan and Trust's outsized position by total assets

Central Employees Stock Ownership Plan and Trust vs every filed plan by assets

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

$39,095,038 Top 17% higher than 83% 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

Central Employees Stock Ownership Plan and Trust among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Central Employees Stock Ownership Plan and Trust sits mid-pack in the medium band (413 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Central Employees Stock Ownership Plan and Trust reported net income rose from $283K in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Central Employees Stock Ownership Plan and Trust end-of-year assets rose from $36M in the plan year 2022 filing to $39M in the plan year 2023 filing.
  • Central Employees Stock Ownership Plan and Trust reported participants fell from 447 in the plan year 2022 filing to 413 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 611247980 · Central Bancshares, Inc. PY 2023 · ESOP

Central Employees Stock Ownership Plan and Trust · $39M · 413 · 83rd

  • SCH $39M
  • SCH 413
  • SCH 83rd
  • SCH ESOP
  • SCH near Hydro-Vac Holdings Employee Stock Ownership Plan
  • SCH ind #6532

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 Kentucky →

Central Employees Stock Ownership Plan and Trust in the asset neighbourhood

Iowa Plains Signing, Inc. Employee Stock Ownership Plan and TrustIowa Plains Signing, Inc. Em…$39MHydraulic Controls, Inc. Employee Stock Ownership PlanHydraulic Controls, Inc. Emp…$39MCentral Employees Stock Ownership Plan and TrustCentral Employees Stock Owne…$39MHydro-Vac Holdings Employee Stock Ownership PlanHydro-Vac Holdings Employee …$39MMoore Holding Company Employee Stock Ownership Plan and TrustMoore Holding Company Employ…$39M
End-of-year total assets ($M) among Central Employees Stock Ownership Plan and Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$36M
Net Assets (End of Year)$39M
Net Income$3M
Employer EIN611247980
Plan Effective Date1977-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Central Bancshares, Inc.)

Sponsor-wide plan assets over time

All Central Bancshares, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$155M 33.30954987657159% vs 2022
2024 filing year
$100M$120M$140M$160M 202220232024 $116M $155M ▲ +33.3%
Year Plans Participants Total Assets
2022 2 951 $116M
2023 2 921 $136M
2024 2 953 $155M

Nearby ESOP Plans in Kentucky

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

Central Employees Stock Ownership Plan and Trust vs. nearby ESOP plans in Kentucky, assets vs. participants Scatter plot of 6 data points. 02000400060008000 -10123 Total assets ($B) Participants Central Employees Stock Ownership Plan and Trust, Total assets ($B): 0.039095038 · Participants: 413Central Employees Stock Ownership Plan and TrustHouchens Industries, Inc. Employee Stock Ownership Plan, Total assets ($B): 2.325722921 · Participants: 6764Houchens Industries, Inc. Employee Stock Ownership PlanStock Yards Bank & Trust Company 401(k) Employee, Total assets ($B): 0.14680249 · Participants: 1080Stock Yards Bank & Trust Company 401(k) EmployeeGray, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.126524729 · Participants: 1362Gray, Inc. Employee Stock Ownership PlanH & R Agri-Power Employee Stock Ownership Plan, Total assets ($B): 0.104682343 · Participants: 489H & R Agri-Power Employee Stock Ownership PlanKentuckiana Comfort Center, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.094072192 · Participants: 650Kentuckiana Comfort Center, Inc. Employee Stock Ownership Plan
Central Employees Stock Ownership Plan and Trust vs. nearby ESOP plans in Kentucky, assets vs. participants
Compare Central Employees Stock Ownership Plan and Trust side-by-side with 3 peers →

Central Employees Stock Ownership Plan and Trust's out-of-state ESOP peers by assets and headcount

Outside Kentucky, the nearest ESOP by assets is Hydro-Vac Holdings Employee Stock Ownership Plan in OH ($39M); by covered participants it is Vantage Bank Texas Employee Stock Ownership Plan in TX (412 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (413 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 Central Employees Stock Ownership Plan and Trust assets move in 2023? ▼
Central Employees Stock Ownership Plan and Trust grew at a solid clip - up 8.3% during 2023, from $36M to $39M. Reported net income was $3M.
How have Central Bancshares, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Central Bancshares, Inc.'s sponsor-wide assets grew 33.3%, from $116M to $155M.
Where does Central Employees Stock Ownership Plan and Trust rank by assets among Form 5500 filers? ▼
Central Employees Stock Ownership Plan and Trust ranks in the 83rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Central Employees Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by assets is Hydro-Vac Holdings Employee Stock Ownership Plan in OH ($39M, 144 participants).
Which ESOP plans cover a similar participant headcount to Central Employees Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by covered participants is Vantage Bank Texas Employee Stock Ownership Plan in TX (412 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 611247980.

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.