ESOP · DOL Form 5500 · 2023

Sotherly Hotels Inc. ESOP

Data updated 2026-08-25

$982K
Total assets Small plan by assets
8
Participants Small participant base
24th
Percentile by assets National rank
$122,778
Avg per participant Near avg balance/head
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Official DOL plan name: Sotherly Hotels Inc. Employee Stock Ownership Plan · Sponsored by Sotherly Hotels Inc. · Virginia · Food Services & Accommodation

$982K in assets, 8 participants

Sotherly Hotels Inc.'s Sotherly Hotels Inc. Employee Stock Ownership Plan reported $982K in total assets and 8 participants in its 2023 DOL Form 5500 filing, ranking in the 24th 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.

  • #2,261 in Food Services & Accommodation (3,828 peers)

Food Services & Accommodation sector rank

Within Food Services & Accommodation, Sotherly Hotels Inc. Employee Stock Ownership Plan ranks #2,261 of 3,828 2023 filers by assets (1992% of the sector average)-$982K for 8 participants.

#2,261
in Food Services & Accommodation (3,828 peers)
-18.5%
assets change YoY

Sotherly Hotels Inc. Employee Stock Ownership Plan among the smaller filed plans by assets

Sotherly Hotels Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$982,227 24th percentile higher than 24% 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

Sotherly Hotels Inc. Employee Stock Ownership Plan among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sotherly Hotels Inc. Employee Stock Ownership Plan is a micro filing (8 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sotherly Hotels Inc. Employee Stock Ownership Plan reported net income rose from $292K in the plan year 2022 filing to $684K in the plan year 2023 filing.
  • Sotherly Hotels Inc. Employee Stock Ownership Plan reported participants fell from 10 in the plan year 2022 filing to 8 in the plan year 2023 filing.
  • Sotherly Hotels Inc. Employee Stock Ownership Plan end-of-year assets fell from $1M in the plan year 2022 filing to $982K in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 201965427 · Sotherly Hotels Inc. PY 2023 · ESOP

Sotherly Hotels Inc. Employee Stock Ownership Plan · $982K · 8 · 24th

  • PART $982K
  • PART 8
  • PART 24th
  • PART ESOP
  • PART near Mesa Employee Stock Ownership Plan
  • PART ind #2261

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 Virginia →

Sotherly Hotels Inc. Employee Stock Ownership Plan in the asset neighbourhood

Emcs, Inc. Employee Stock Ownership PlanEmcs, Inc. Employee Stock Ow…$987KSotherly Hotels Inc. Employee Stock Ownership PlanSotherly Hotels Inc. Employe…$982KMesa Employee Stock Ownership PlanMesa Employee Stock Ownershi…$981KHometown Bank Amended and Restated Employee Stock Ownership PlanHometown Bank Amended and Re…$981KHumanix Employee Stock Ownership PlanHumanix Employee Stock Owner…$980K
End-of-year total assets ($M) among Sotherly Hotels Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Food Services & Accommodation filing particulars

Total Assets (Beginning of Year)$1M
Net Assets (End of Year)-$761K
Net Income$684K
Employer EIN201965427
Plan Effective Date2016-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sotherly Hotels Inc.)

Sponsor-wide plan assets over time

All Sotherly Hotels Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1M 15.937816353286754% vs 2022
2024 filing year
$0.9M$1M$1.1M$1.2M$1.3M 202220232024 $1.21M $1.01M ▼ -16.5%
Year Plans Participants Total Assets
2022 1 10 $1M
2023 1 8 $982K
2024 1 9 $1M

Nearby ESOP Plans in Virginia

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

Sotherly Hotels Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Virginia, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -0.500.511.5 Total assets ($B) Participants Sotherly Hotels Inc. Employee Stock Ownership Plan, Total assets ($B): 0.000982227 · Participants: 8Sotherly Hotels Inc. Employee Stock Ownership PlanNvr, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.200416394 · Participants: 6866Nvr, Inc. Employee Stock Ownership PlanThe Resorts Companies, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.351932601 · Participants: 1751The Resorts Companies, Inc. Employee Stock Ownership PlanAmerican Systems Corporation Employee Stock Ownership Plan, Total assets ($B): 0.331314714 · Participants: 1782American Systems Corporation Employee Stock Ownership PlanModern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust, Total assets ($B): 0.321520666 · Participants: 1652Modern Technology Solutions, Inc. Employee Stock Ownership Plan and TrustNew River Electrical Corporation Employee Stock Ownership Plan, Total assets ($B): 0.320954252 · Participants: 444New River Electrical Corporation Employee Stock Ownership Plan
Sotherly Hotels Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Virginia, assets vs. participants
Compare Sotherly Hotels Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Sotherly Hotels Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Virginia, the nearest ESOP by assets is Mesa Employee Stock Ownership Plan in PA ($981K); by covered participants it is Versailles Savings and Loan Company Employee Stock Ownership Plan in OH (8 participants). Same-state nearby plans are listed separately above.

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 Sotherly Hotels Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Sotherly Hotels Inc. Employee Stock Ownership Plan declined sharply - down 18.5% during 2023, from $1M to $982K. Reported net income was $684K.
How have Sotherly Hotels Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sotherly Hotels Inc.'s sponsor-wide assets declined 15.9%, from $1M to $1M.
Where does Sotherly Hotels Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Sotherly Hotels Inc. Employee Stock Ownership Plan ranks in the 24th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which ESOP plans are similar in size to Sotherly Hotels Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Mesa Employee Stock Ownership Plan in PA ($981K, 13 participants).
Which ESOP plans cover a similar participant headcount to Sotherly Hotels Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Versailles Savings and Loan Company Employee Stock Ownership Plan in OH (8 participants, $614K 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 201965427.

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.