ESOP · DOL Form 5500 · 2023
Cathay General Bancorp ESOP
Data updated 2026-08-11
- $30M
- Total assets
- 97
- Participants
- 79th
- Percentile by assets
- $310,890
- Avg per participant
Official DOL plan name: Cathay Bank Employee Stock Ownership Plan · Sponsored by Cathay General Bancorp · California · Finance & Insurance
$30M in assets, 97 participants
Cathay General Bancorp's Cathay Bank Employee Stock Ownership Plan reported $30M in total assets and 97 participants in its 2023 DOL Form 5500 filing, ranking in the 79th 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.
- 79th percentile by assets (of 127,072 plans)
- #6,056 in Finance & Insurance (8,869 peers)
Where Cathay Bank Employee Stock Ownership Plan sits by assets
Cathay Bank Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $30M for 97 participants (~$310,890/participant), up 4.7% in 2023.
- $30M
- total plan assets (2023 EOY)
- 97
- covered participants
- 79th
- percentile by assets (of 127,072 plans)
- $310,890
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Cathay Bank Employee Stock Ownership Plan reported net income rose from -$2M in the plan year 2022 filing to $1M in the plan year 2023 filing.
- Cathay Bank Employee Stock Ownership Plan reported participants fell from 111 in the plan year 2022 filing to 97 in the plan year 2023 filing.
- Cathay Bank Employee Stock Ownership Plan end-of-year assets rose from $29M in the plan year 2022 filing to $30M in the plan year 2023 filing.
Cathay Bank Employee Stock Ownership Plan vs the 2023 asset distribution
By assets, Cathay Bank Employee Stock Ownership Plan outranks 79% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.3x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $29M |
|---|---|
| Net Assets (End of Year) | $30M |
| Net Income | $1M |
| Employer EIN | 954274680 |
| Plan Effective Date | 1985-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Cathay General Bancorp)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 1,228 | $221M |
| 2023 | 2 | 1,217 | $259M |
| 2024 | 2 | 1,291 | $290M |
Nearby ESOP Plans in California
Peer ESOP plans, same state, same plan type, ranked by total assets.
Cathay Bank Employee Stock Ownership Plan vs. nearby ESOP plans in California, assets vs. participants
- Parsons Employee Stock Ownership Plan $3.8B · 7,871
- Acco Employee Stock Ownership Plan $1.4B · 1,397
- Rosendin Electric, Inc. Employee Stock Ownership Plan $1.1B · 1,700
- Agron, Inc. Employee Stock Ownership Plan $533M · 72
- Recology Employee Stock Ownership Plan $497M · 3,656
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Cathay Bank Employee Stock Ownership Plan by total assets, not by location.
- Consulting Engineers Group Employee Stock Ownership Plan (IL) $30M · 141
- Alaska Garden and Pet Supply, Inc. Employee Stock Ownership Plan and Trust (AK) $30M · 47
- Hub Truck Rental Corp. Employee Stock Ownership Plan (NY) $30M · 98
- Financial Corporation of Louisiana ESOP Stock Ownership Plan (LA) $30M · 132
Frequently Asked Questions
How did Cathay Bank Employee Stock Ownership Plan assets move in 2023? ▼
How have Cathay General Bancorp plan assets changed over time? ▼
Where does Cathay Bank Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Which ESOP plans are similar in size to Cathay Bank Employee Stock Ownership Plan? ▼
Next read for Cathay Bank Employee Stock Ownership Pla…
Scale reading
Ways to act on Cathay Bank Employee Stock Ownership Plan's numbers.
- By total assets, Cathay Bank Employee Stock Ownership Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in California. Compare plans
- Cathay General Bancorp's sponsor-wide assets have grown 31.4% since 2022 across 3 plan years on file. More Finance & Insurance plans