ESOP · DOL Form 5500 · 2023

Progressive Bancorp, Inc. ESOP

Data updated 2026-08-25

$3M
Total assets Small plan by assets
111
Participants Small participant base
38th
Percentile by assets National rank
$31,287
Avg per participant Low balance/head
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Official DOL plan name: Progressive Bancorp, Inc. Employee Stock Ownership Plan · Sponsored by Progressive Bancorp, Inc. · Louisiana · Finance & Insurance

$3M in assets, 111 participants

Progressive Bancorp, Inc.'s Progressive Bancorp, Inc. Employee Stock Ownership Plan reported $3M in total assets and 111 participants in its 2023 DOL Form 5500 filing, ranking in the 38th 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.

  • #2,339 in Finance & Insurance (8,869 peers)

Coverage in Louisiana

Progressive Bancorp, Inc. Employee Stock Ownership Plan covers 111 participants in Louisiana, about 22% of the average Louisiana filer (state average ~495 per filing). Assets: $3M.

#2,339
in Finance & Insurance (8,869 peers)
-10.5%
assets change YoY

The plan reported a net loss of $407K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Progressive Bancorp, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Progressive Bancorp, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$3,472,818 38th percentile higher than 38% 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

Progressive Bancorp, Inc. Employee Stock Ownership Plan 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. Progressive Bancorp, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (111 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Progressive Bancorp, Inc. Employee Stock Ownership Plan reported net income rose from -$468K in the plan year 2022 filing to -$407K in the plan year 2023 filing.
  • Progressive Bancorp, Inc. Employee Stock Ownership Plan end-of-year assets fell from $4M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Progressive Bancorp, Inc. Employee Stock Ownership Plan reported participants fell from 115 in the plan year 2022 filing to 111 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 720988150 · Progressive Bancorp, Inc. PY 2023 · ESOP

Progressive Bancorp, Inc. Employee Stock Ownership Plan · $3M · 111 · 38th

  • EIN $3M
  • RANK 111
  • PHOTO 38th
  • IND ESOP
  • EOY near ESOP of Valley Bank of Ronan
  • 5500 ind #2339

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 Louisiana →

Progressive Bancorp, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Focus Holdings USA, Inc. Employee Stock Ownership PlanFocus Holdings USA, Inc. Emp…$3MProgressive Bancorp, Inc. Employee Stock Ownership PlanProgressive Bancorp, Inc. Em…$3MESOP of Valley Bank of Ronan$3MIllinois Oil Marketing Equipment, Inc. Employee Stock Ownership Plan and Trust IIIllinois Oil Marketing Equip…$3MMorrissey, Inc. Employee Stock Ownership PlanMorrissey, Inc. Employee Sto…$3M
End-of-year total assets ($M) among Progressive Bancorp, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Louisiana filing particulars

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$3M
Net Income-$407K
Employer EIN720988150
Plan Effective Date1998-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Progressive Bancorp, Inc.)

Sponsor-wide plan assets over time

All Progressive Bancorp, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$4M 4.535773909448943% vs 2022
2024 filing year
$3.4M$3.6M$3.8M$4M 202220232024 $3.88M $3.7M ▼ -4.6%
Year Plans Participants Total Assets
2022 1 115 $4M
2023 1 111 $3M
2024 1 111 $4M

Nearby ESOP Plans in Louisiana

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

Progressive Bancorp, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Louisiana, assets vs. participants Scatter plot of 6 data points. -100001000200030004000 -2000200400600800 Total assets ($M) Participants Progressive Bancorp, Inc. Employee Stock Ownership Plan, Total assets ($M): 3.472818 · Participants: 111Progressive Bancorp, Inc. Employee Stock Ownership PlanMagnolia Employee Stock Ownership Plan, Total assets ($M): 611.505673 · Participants: 44Magnolia Employee Stock Ownership PlanAcadian Ambulance Service, Inc. Employee Stock Ownership Plan, Total assets ($M): 446.486105 · Participants: 3467Acadian Ambulance Service, Inc. Employee Stock Ownership PlanMcelroy Metal Mill, Inc. Employee Stock Ownership Plan, Total assets ($M): 143.058565 · Participants: 570Mcelroy Metal Mill, Inc. Employee Stock Ownership PlanRogers Manufacturing Corporation Employee Stock Ownership Plan, Total assets ($M): 132.262774 · Participants: 153Rogers Manufacturing Corporation Employee Stock Ownership PlanGulf Coast Bank & Trust Company Employee Stock Ownership Plan, Total assets ($M): 126.28162 · Participants: 820Gulf Coast Bank & Trust Company Employee Stock Ownership Plan
Progressive Bancorp, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Louisiana, assets vs. participants
Compare Progressive Bancorp, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Progressive Bancorp, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Louisiana, the nearest ESOP by assets is ESOP of Valley Bank of Ronan in MT ($3M); by covered participants it is Double D Express, Inc. Employee Stock Ownership Plan and Trust in IL (111 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (111 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 Progressive Bancorp, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Progressive Bancorp, Inc. Employee Stock Ownership Plan pulled back noticeably - down 10.5% during 2023, from $4M to $3M. Reported net income was -$407K.
How have Progressive Bancorp, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Progressive Bancorp, Inc.'s sponsor-wide assets declined 4.5%, from $4M to $4M.
Which ESOP plans are similar in size to Progressive Bancorp, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is ESOP of Valley Bank of Ronan in MT ($3M, 45 participants).
Which ESOP plans cover a similar participant headcount to Progressive Bancorp, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Double D Express, Inc. Employee Stock Ownership Plan and Trust in IL (111 participants, $2M 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 720988150.

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.