ESOP · DOL Form 5500 · 2023

Central-State Bancorp, Inc ESOP

Data updated 2026-08-25

$329K
Total assets Small plan by assets
98
Participants Small participant base
14th
Percentile by assets National rank
$3,360
Avg per participant Low balance/head
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Official DOL plan name: Central-State Bancorp, Inc. Employee Stock Ownership Plan · Sponsored by Central-State Bancorp, Inc · Michigan · Finance & Insurance

$329K in assets, 98 participants

Central-State Bancorp, Inc's Central-State Bancorp, Inc. Employee Stock Ownership Plan reported $329K in total assets and 98 participants in its 2023 DOL Form 5500 filing, ranking in the 14th 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.

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

Central-State Bancorp, Inc multi-year trail

Central-State Bancorp, Inc's plans moved +226.5% in assets from 2022 to 2024; this filing shows Central-State Bancorp, Inc. Employee Stock Ownership Plan at $329K / 98 participants.

#741
in Finance & Insurance (8,869 peers)
+116.1%
assets growth YoY

Central-State Bancorp, Inc. Employee Stock Ownership Plan among the smaller filed plans by assets

Central-State Bancorp, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$329,264 14th percentile higher than 14% 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

Central-State Bancorp, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Central-State Bancorp, Inc. Employee Stock Ownership Plan is a small filing (98 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Central-State Bancorp, Inc. Employee Stock Ownership Plan end-of-year assets rose from $152K in the plan year 2022 filing to $329K in the plan year 2023 filing.
  • Central-State Bancorp, Inc. Employee Stock Ownership Plan reported net income rose from $152K in the plan year 2022 filing to $177K in the plan year 2023 filing.
  • Central-State Bancorp, Inc. Employee Stock Ownership Plan reported participants rose from 93 in the plan year 2022 filing to 98 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 382720385 · Central-State Bancorp, Inc PY 2023 · ESOP

Central-State Bancorp, Inc. Employee Stock Ownership Plan · $329K · 98 · 14th

  • VS-ST $329K
  • BOY 98
  • SCH 14th
  • EBSA ESOP
  • PART near Lenoir Mirror Company Employee Stock Ownership Plan
  • TYPE ind #741

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 Michigan →

Central-State Bancorp, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Central-State Bancorp, Inc. Employee Stock Ownership PlanCentral-State Bancorp, Inc. …$329KLenoir Mirror Company Employee Stock Ownership PlanLenoir Mirror Company Employ…$330KNatural Way Management Group, Inc. Employee Stock Ownership PlanNatural Way Management Group…$328KCrystal Valley Sales Employee Stock Ownership PlanCrystal Valley Sales Employe…$333KEmployee Stock Ownership Plan of People's United Financial, Inc.Employee Stock Ownership Pla…$323K
End-of-year total assets ($M) among Central-State Bancorp, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Central-State Bancorp, Inc multi-year asset trail

Sponsor-wide plan assets over time

All Central-State Bancorp, Inc plans reported in each filing year

Latest sponsor-wide plan assets
$498K 226.52512059856264% vs 2022
2024 filing year
$0M$0.2M$0.4M$0.6M 202220232024 $0.15M $0.5M ▲ +233.3%
Year Plans Participants Total Assets
2022 1 93 $152K
2023 1 98 $329K
2024 1 95 $498K

Central-State Bancorp, Inc filing trail (2023)

Total Assets (Beginning of Year)$152K
Net Assets (End of Year)$329K
Net Income$177K
Employer EIN382720385
Plan Effective Date2021-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Michigan

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

Central-State Bancorp, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants Scatter plot of 6 data points. 0500100015002000 -0.500.511.5 Total assets ($B) Participants Central-State Bancorp, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.000329264 · Participants: 98Central-State Bancorp, Inc. Employee Stock Ownership PlanMcnaughton-Mckay Electric Company Employee Stock Ownership Plan, Total assets ($B): 1.30777109 · Participants: 1635Mcnaughton-Mckay Electric Company Employee Stock Ownership PlanThe Kendall Group Employee Stock Ownership Plan, Total assets ($B): 0.808091077 · Participants: 1907The Kendall Group Employee Stock Ownership PlanProject Worldwide, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.436210284 · Participants: 1173Project Worldwide, Inc. Employee Stock Ownership PlanMotor City Electric Co. Employee Stock Ownership Plan, Total assets ($B): 0.258079249 · Participants: 207Motor City Electric Co. Employee Stock Ownership PlanLee Contracting, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.237688318 · Participants: 500Lee Contracting, Inc. Employee Stock Ownership Plan
Central-State Bancorp, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Central-State Bancorp, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Michigan, the nearest ESOP by assets is Lenoir Mirror Company Employee Stock Ownership Plan in NC ($330K); by covered participants it is New Glarus Brewing Company Employee Stock Ownership Plan in WI (98 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (98 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 Central-State Bancorp, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Central-State Bancorp, Inc. Employee Stock Ownership Plan surged - up 116.1% during 2023, from $152K to $329K. Reported net income was $177K.
How have Central-State Bancorp, Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Central-State Bancorp, Inc's sponsor-wide assets grew 226.5%, from $152K to $498K.
Where does Central-State Bancorp, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Central-State Bancorp, Inc. Employee Stock Ownership Plan ranks in the 14th 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 Central-State Bancorp, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Lenoir Mirror Company Employee Stock Ownership Plan in NC ($330K, 80 participants).
Which ESOP plans cover a similar participant headcount to Central-State Bancorp, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is New Glarus Brewing Company Employee Stock Ownership Plan in WI (98 participants, $25M 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 382720385.

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.