ESOP · DOL Form 5500 · 2023

First Fed Bancorp, Inc. ESOP

Data updated 2026-08-25

$1M
Total assets Small plan by assets
64
Participants Small participant base
27th
Percentile by assets National rank
$22,034
Avg per participant Low balance/head
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Official DOL plan name: First Financial Bank Employee Stock Ownership Plan · Sponsored by First Fed Bancorp, Inc. · Alabama · Finance & Insurance

$1M in assets, 64 participants

First Fed Bancorp, Inc.'s First Financial Bank Employee Stock Ownership Plan reported $1M in total assets and 64 participants in its 2023 DOL Form 5500 filing, ranking in the 27th 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.

  • #1,570 in Finance & Insurance (8,869 peers)

2023 asset change

First Financial Bank Employee Stock Ownership Plan declined sharply 16.0% in 2023 ($2M → $1M) for 64 participants.

#1,570
in Finance & Insurance (8,869 peers)
-16.0%
assets change YoY

The plan reported a net loss of $268K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

First Financial Bank Employee Stock Ownership Plan among the smaller filed plans by assets

First Financial Bank Employee Stock Ownership Plan vs every filed plan by assets

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

$1,410,167 27th percentile higher than 27% 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

First Financial 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. First Financial Bank Employee Stock Ownership Plan is a small filing (64 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First Financial Bank Employee Stock Ownership Plan reported net income fell from -$132K in the plan year 2022 filing to -$268K in the plan year 2023 filing.
  • First Financial Bank Employee Stock Ownership Plan end-of-year assets fell from $2M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • First Financial Bank Employee Stock Ownership Plan reported participants rose from 63 in the plan year 2022 filing to 64 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 631048648 · First Fed Bancorp, Inc. PY 2023 · ESOP

First Financial Bank Employee Stock Ownership Plan · $1M · 64 · 27th

  • PART $1M
  • PART 64
  • PART 27th
  • PART ESOP
  • PART near Jtg, Inc. Employee Stock Ownership Plan
  • PART ind #1570

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 Alabama →

First Financial Bank Employee Stock Ownership Plan in the asset neighbourhood

First Financial Bank Employee Stock Ownership PlanFirst Financial Bank Employe…$1MJtg, Inc. Employee Stock Ownership PlanJtg, Inc. Employee Stock Own…$1MAction Air Systems, Inc. Employee Stock Ownership PlanAction Air Systems, Inc. Emp…$1MBland & Associates Employee Stock Ownership PlanBland & Associates Employee …$1MGreenvale Liquors, Inc. Employee Stock Ownership PlanGreenvale Liquors, Inc. Empl…$1M
End-of-year total assets ($M) among First Financial Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

First Fed Bancorp, Inc. years around the 2023 move

Sponsor-wide plan assets over time

All First Fed Bancorp, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$2M 1.232691809169654% vs 2022
2024 filing year
$1.3M$1.4M$1.5M$1.6M$1.7M$1.8M 202220232024 $1.68M $1.7M ▲ +1.2%
Year Plans Participants Total Assets
2022 1 63 $2M
2023 1 64 $1M
2024 1 65 $2M

2023 asset-move particulars

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$1M
Net Income-$268K
Employer EIN631048648
Plan Effective Date1991-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Alabama

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

First Financial Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Alabama, assets vs. participants Scatter plot of 6 data points. -500050010001500 -2000200400600 Total assets ($M) Participants First Financial Bank Employee Stock Ownership Plan, Total assets ($M): 1.410167 · Participants: 64First Financial Bank Employee Stock Ownership PlanStarfish Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 470.48798 · Participants: 1360Starfish Holdings, Inc. Employee Stock Ownership PlanInline Electric Employee Stock Ownership Plan, Total assets ($M): 196.496733 · Participants: 287Inline Electric Employee Stock Ownership PlanRadiance Technologies, Inc. Employee Stock Ownership Plan, Total assets ($M): 168.105591 · Participants: 874Radiance Technologies, Inc. Employee Stock Ownership PlanSignature Homes Employee Stock Ownership Plan, Total assets ($M): 167.814551 · Participants: 123Signature Homes Employee Stock Ownership PlanEmployee Stock Ownership Plan for Employees of David Volkert and Associates, Inc. and Sub, Total assets ($M): 126.850762 · Participants: 909Employee Stock Ownership Plan for Employees of David Volkert and Associates, Inc. and Sub
First Financial Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Alabama, assets vs. participants
Compare First Financial Bank Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Alabama, the nearest ESOP by assets is Jtg, Inc. Employee Stock Ownership Plan in VA ($1M); by covered participants it is Minn-Dak, Co. Employee Stock Ownership Plan in ND (64 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (64 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 First Financial Bank Employee Stock Ownership Plan assets move in 2023? ▼
First Financial Bank Employee Stock Ownership Plan declined sharply - down 16.0% during 2023, from $2M to $1M. Reported net income was -$268K.
How have First Fed Bancorp, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Fed Bancorp, Inc.'s sponsor-wide assets grew 1.2%, from $2M to $2M.
Which ESOP plans are similar in size to First Financial Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Jtg, Inc. Employee Stock Ownership Plan in VA ($1M, 23 participants).
Which ESOP plans cover a similar participant headcount to First Financial Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Minn-Dak, Co. Employee Stock Ownership Plan in ND (64 participants, $26M 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 631048648.

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.