ESOP · DOL Form 5500 · 2023

Bank of Forest ESOP

Data updated 2026-08-25

$2M
Total assets Small plan by assets
53
Participants Small participant base
27th
Percentile by assets National rank
$28,483
Avg per participant Low balance/head
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Official DOL plan name: Bank of Forest Employee Stock Ownership Plan and Trust · Sponsored by Bank of Forest · Mississippi · Finance & Insurance

$2M in assets, 53 participants

Bank of Forest's Bank of Forest Employee Stock Ownership Plan and Trust reported $2M in total assets and 53 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.

  • #1,629 in Finance & Insurance (8,869 peers)

What the 2023 filing shows

Bank of Forest Employee Stock Ownership Plan and Trust holds $2M for 53 participants - about $28,483 per participant, in the lower half of filed plans by assets.

#1,629
in Finance & Insurance (8,869 peers)
+1.9%
assets growth YoY

Bank of Forest Employee Stock Ownership Plan and Trust among the smaller filed plans by assets

Bank of Forest Employee Stock Ownership Plan and Trust vs every filed plan by assets

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

$1,509,609 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

Bank of Forest Employee Stock Ownership Plan and Trust among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bank of Forest Employee Stock Ownership Plan and Trust is a small filing (53 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bank of Forest Employee Stock Ownership Plan and Trust reported net income fell from $68K in the plan year 2022 filing to $29K in the plan year 2023 filing.
  • Bank of Forest Employee Stock Ownership Plan and Trust end-of-year assets rose from $1M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Bank of Forest Employee Stock Ownership Plan and Trust reported participants fell from 54 in the plan year 2022 filing to 53 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 640157923 · Bank of Forest PY 2023 · ESOP

Bank of Forest Employee Stock Ownership Plan and Trust · $2M · 53 · 27th

  • EOY $2M
  • EOY 53
  • EOY 27th
  • EOY ESOP
  • EOY near Winsystems, Inc. Employee Stock Ownership Plan
  • EOY ind #1629

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 Mississippi →

Bank of Forest Employee Stock Ownership Plan and Trust in the asset neighbourhood

Bank of Forest Employee Stock Ownership Plan and TrustBank of Forest Employee Stoc…$2MWinsystems, Inc. Employee Stock Ownership PlanWinsystems, Inc. Employee St…$2MCherokee Instruments Inc Employee Stock Ownership PlanCherokee Instruments Inc Emp…$2MF & S Mechanical and Plumbing Services, Inc. Employee Stock Ownership PlanF & S Mechanical and Plumbin…$2MPrr, Inc. Employee Stock Ownership PlanPrr, Inc. Employee Stock Own…$2M
End-of-year total assets ($M) among Bank of Forest Employee Stock Ownership Plan and Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Filing particulars (2023)

Total Assets (Beginning of Year)$1M
Net Assets (End of Year)$2M
Net Income$29K
Employer EIN640157923
Plan Effective Date1999-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bank of Forest)

Sponsor-wide plan assets over time

All Bank of Forest plans reported in each filing year

Latest sponsor-wide plan assets
$2M 9.800924109702072% vs 2022
2024 filing year
$1.45M$1.5M$1.55M$1.6M$1.65M 202220232024 $1.48M $1.63M ▲ +10.1%
Year Plans Participants Total Assets
2022 1 54 $1M
2023 1 53 $2M
2024 1 51 $2M

Nearby ESOP Plans in Mississippi

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

Bank of Forest Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Mississippi, assets vs. participants Scatter plot of 6 data points. -5000500100015002000 -50050100150200 Total assets ($M) Participants Bank of Forest Employee Stock Ownership Plan and Trust, Total assets ($M): 1.509609 · Participants: 53Bank of Forest Employee Stock Ownership Plan and TrustLt Corporation & Affiliates Employee Stock Ownership Plan, Total assets ($M): 159.396413 · Participants: 399Lt Corporation & Affiliates Employee Stock Ownership PlanTelapex, Inc. Employee Stock Ownership Plan, Total assets ($M): 159.125246 · Participants: 1610Telapex, Inc. Employee Stock Ownership PlanMdr Construction, Inc. Employee Stock Ownership Plan, Total assets ($M): 93.605073 · Participants: 349Mdr Construction, Inc. Employee Stock Ownership PlanCommunity Bancshares of Mississippi, Inc. Employee Stock Ownership Plan, Total assets ($M): 80.926488 · Participants: 887Community Bancshares of Mississippi, Inc. Employee Stock Ownership PlanF.L. Crane & Sons, Inc. Employee Stock Ownership Plan, Total assets ($M): 77.794773 · Participants: 325F.L. Crane & Sons, Inc. Employee Stock Ownership Plan
Bank of Forest Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Mississippi, assets vs. participants
Compare Bank of Forest Employee Stock Ownership Plan and Trust side-by-side with 3 peers →

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

Outside Mississippi, the nearest ESOP by assets is Winsystems, Inc. Employee Stock Ownership Plan in TX ($2M); by covered participants it is Brewer Direct, Inc. Employee Stock Ownership Plan in CA (53 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (53 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 Bank of Forest Employee Stock Ownership Plan and Trust assets move in 2023? ▼
Bank of Forest Employee Stock Ownership Plan and Trust edged up modestly - up 1.9% during 2023, from $1M to $2M. Reported net income was $29K.
How have Bank of Forest plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bank of Forest's sponsor-wide assets grew 9.8%, from $1M to $2M.
Which ESOP plans are similar in size to Bank of Forest Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by assets is Winsystems, Inc. Employee Stock Ownership Plan in TX ($2M, 47 participants).
Which ESOP plans cover a similar participant headcount to Bank of Forest Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by covered participants is Brewer Direct, Inc. Employee Stock Ownership Plan in CA (53 participants, $12M 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 640157923.

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.