ESOP · DOL Form 5500 · 2023
Cullman Savings Bank ESOP
Data updated 2026-08-11
- $11M
- Total assets
- 42
- Participants
- 60th
- Percentile by assets
- $253,716
- Avg per participant
Official DOL plan name: Cullman Savings Bank Employee Stock Ownership Plan · Sponsored by Cullman Savings Bank · Alabama · Finance & Insurance
$11M in assets, 42 participants
Cullman Savings Bank's Cullman Savings Bank Employee Stock Ownership Plan reported $11M in total assets and 42 participants in its 2023 DOL Form 5500 filing, ranking in the 60th 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.
- 60th percentile by assets (of 127,072 plans)
- #3,970 in Finance & Insurance (8,869 peers)
Cullman Savings Bank multi-year trail
Cullman Savings Bank's plans moved -16.9% in assets from 2022 to 2024; this filing shows Cullman Savings Bank Employee Stock Ownership Plan at $11M / 42 participants.
- $11M
- total plan assets (2023 EOY)
- 42
- covered participants
- 60th
- percentile by assets (of 127,072 plans)
- $253,716
- avg assets per participant
The plan reported a net loss of $550K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Cullman Savings Bank Employee Stock Ownership Plan reported net income fell from -$369K in the plan year 2022 filing to -$550K in the plan year 2023 filing.
- Cullman Savings Bank Employee Stock Ownership Plan end-of-year assets fell from $11M in the plan year 2022 filing to $11M in the plan year 2023 filing.
- Cullman Savings Bank Employee Stock Ownership Plan reported participants fell from 44 in the plan year 2022 filing to 42 in the plan year 2023 filing.
Cullman Savings Bank across 3 plan years on file
Across the 3 plan years Cullman Savings Bank has on file (2022-2024), sponsor-wide plan assets have moved from $11M to $9M, a decline of 16.9%, while reported participants moved from 44 to 50 (+13.6%). Peak year by sponsor assets: 2022 ($11M); trough: 2024 ($9M).
Cullman Savings Bank multi-year asset trail
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 44 | $11M |
| 2023 | 1 | 42 | $11M |
| 2024 | 1 | 50 | $9M |
Cullman Savings Bank filing trail (2023)
| Total Assets (Beginning of Year) | $11M |
|---|---|
| Net Assets (End of Year) | $8M |
| Net Income | -$550K |
| Employer EIN | 630052835 |
| Plan Effective Date | 2009-01-01 |
| Filing Status | FILING RECEIVED |
Nearby ESOP Plans in Alabama
Peer ESOP plans, same state, same plan type, ranked by total assets.
Cullman Savings Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Alabama, assets vs. participants
- Starfish Holdings, Inc. Employee Stock Ownership Plan $470M · 1,360
- Inline Electric Employee Stock Ownership Plan $196M · 287
- Radiance Technologies, Inc. Employee Stock Ownership Plan $168M · 874
- Signature Homes Employee Stock Ownership Plan $168M · 123
- Employee Stock Ownership Plan for Employees of David Volkert and Associates, Inc. and Sub $127M · 909
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Cullman Savings Bank Employee Stock Ownership Plan by total assets, not by location.
Frequently Asked Questions
How did Cullman Savings Bank Employee Stock Ownership Plan assets move in 2023? ▼
How have Cullman Savings Bank plan assets changed over time? ▼
Which ESOP plans are similar in size to Cullman Savings Bank Employee Stock Ownership Plan? ▼
Next read for Cullman Savings Bank Employee Stock Owne…
Multi-year trail
Ways to act on Cullman Savings Bank Employee Stock Ownership Plan's numbers.
- By total assets, Cullman Savings Bank Employee Stock Ownership Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Alabama. Compare plans
- Cullman Savings Bank's sponsor-wide assets have declined 16.9% since 2022 across 3 plan years on file. More Finance & Insurance plans