401(k) · DOL Form 5500 · 2023

Paragon Bank 401(k) Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
102
Participants Small participant base
66th
Percentile by assets National rank
$138,462
Avg per participant Near avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Paragon Bank 401(k) Employee Stock Ownership Plan · Sponsored by Paragon Bank · Tennessee · Finance & Insurance

$14M in assets, 102 participants

Paragon Bank's Paragon Bank 401(k) Employee Stock Ownership Plan reported $14M in total assets and 102 participants in its 2023 DOL Form 5500 filing, ranking in the 66th 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.

  • #4,528 in Finance & Insurance (8,869 peers)

Coverage in Tennessee

Paragon Bank 401(k) Employee Stock Ownership Plan covers 102 participants in Tennessee, about 9% of the average Tennessee filer (state average ~1,126 per filing). Assets: $14M.

#4,528
in Finance & Insurance (8,869 peers)
+17.8%
assets growth YoY

Paragon Bank 401(k) Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Paragon Bank 401(k) Employee Stock Ownership Plan vs every filed plan by assets

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

$14,123,149 Top 34% higher than 66% 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

Paragon Bank 401(k) 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. Paragon Bank 401(k) Employee Stock Ownership Plan sits mid-pack in the medium band (102 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Paragon Bank 401(k) Employee Stock Ownership Plan reported net income rose from -$71K in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Paragon Bank 401(k) Employee Stock Ownership Plan end-of-year assets rose from $12M in the plan year 2022 filing to $14M in the plan year 2023 filing.
  • Paragon Bank 401(k) Employee Stock Ownership Plan reported participants rose from 97 in the plan year 2022 filing to 102 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 201022853 · Paragon Bank PY 2023 · 401(k)

Paragon Bank 401(k) Employee Stock Ownership Plan · $14M · 102 · 66th

  • EIN $14M
  • EIN 102
  • EIN 66th
  • EIN 401(k)
  • EIN near Conversica, Inc. 401(k) Plan
  • EIN ind #4528

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 Finance & Insurance retirement plans → · Plans in Tennessee →

Paragon Bank 401(k) Employee Stock Ownership Plan in the asset neighbourhood

Paragon Bank 401(k) Employee Stock Ownership PlanParagon Bank 401(k) Employee…$14MConversica, Inc. 401(k) Plan$14MW.T. Humphrey, Inc. 401(k) Profit Sharing PlanW.T. Humphrey, Inc. 401(k) P…$14MHercules Forwarding, Inc. Retirement PlanHercules Forwarding, Inc. Re…$14MIst Management Services, Inc. Defined Contribution PlanIst Management Services, Inc…$14M
End-of-year total assets ($M) among Paragon Bank 401(k) Employee Stock Ownership Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Tennessee filing particulars

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$14M
Net Income$2M
Employer EIN201022853
Plan Effective Date2004-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Paragon Bank)

Sponsor-wide plan assets over time

All Paragon Bank plans reported in each filing year

Latest sponsor-wide plan assets
$17M 45.50210004264147% vs 2022
2024 filing year
$10M$12M$14M$16M$18M 202220232024 $12M $17.4M ▲ +45.5%
Year Plans Participants Total Assets
2022 1 97 $12M
2023 1 102 $14M
2024 1 113 $17M

Nearby 401(k) Plans in Tennessee

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Paragon Bank 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -100102030 Total assets ($B) Participants Paragon Bank 401(k) Employee Stock Ownership Plan, Total assets ($B): 0.014123149 · Participants: 102Paragon Bank 401(k) Employee Stock Ownership PlanFedex Corporation Retirement Savings Plan, Total assets ($B): 23.88081991 · Participants: 127010Fedex Corporation Retirement Savings PlanHca 401(k) Plan, Total assets ($B): 21.53517366 · Participants: 291649Hca 401(k) PlanFederal Express Corporation Pilots Retirement Savings Plan, Total assets ($B): 4.743557391 · Participants: 5728Federal Express Corporation Pilots Retirement Savings PlanInternational Paper Company Salaried Savings Plan, Total assets ($B): 4.621886139 · Participants: 12153International Paper Company Salaried Savings PlanChs/Community Health Systems, Inc. Retirement Savings Plan, Total assets ($B): 4.517708174 · Participants: 62487Chs/Community Health Systems, Inc. Retirement Savings Plan
Paragon Bank 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants
Compare Paragon Bank 401(k) Employee Stock Ownership Plan side-by-side with 3 peers →

Paragon Bank 401(k) Employee Stock Ownership Plan's out-of-state 401(k) peers by assets and headcount

Outside Tennessee, the nearest 401(k) by assets is Conversica, Inc. 401(k) Plan in CA ($14M); by covered participants it is Air-Land Transport Service, Inc. 401(k) Plan in IL (102 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (102 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 Paragon Bank 401(k) Employee Stock Ownership Plan assets move in 2023? ▼
Paragon Bank 401(k) Employee Stock Ownership Plan grew sharply - up 17.8% during 2023, from $12M to $14M. Reported net income was $2M.
How have Paragon Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Paragon Bank's sponsor-wide assets grew 45.5%, from $12M to $17M.
Which 401(k) plans are similar in size to Paragon Bank 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by assets is Conversica, Inc. 401(k) Plan in CA ($14M, 155 participants).
Which 401(k) plans cover a similar participant headcount to Paragon Bank 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Air-Land Transport Service, Inc. 401(k) Plan in IL (102 participants, $5M 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 201022853.

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.