Other
2023 plan-year Other DOL Form 5500

MYERS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

MYERS BANCSHARES, INC.

This Other plan holds $344K in total assets and serves 99 participants as of 2023. It is sponsored by MYERS BANCSHARES, INC. in Oklahoma. The plan reported a net loss of $708K for the year.

Total Assets (2023)
$344K
Participants
99
State
Industry
Management of Enterprises

What the Filing Says About MYERS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

MYERS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN is a Other retirement plan sponsored by MYERS BANCSHARES, INC., headquartered in Oklahoma. As of the 2023 Form 5500 filing, the plan reports $344K in total end-of-year assets and covers 99 participants across the Management of Enterprises industry. The sponsor's EIN on file with the U.S. Department of Labor is 731436109, and the plan has been effective since 2018-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $1M at the beginning of 2023 to $344K at year-end — a decline of 67.8%. Net assets (after liabilities) closed the year at $335K, with reported net income of $-707,702 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$1M
Total Assets (End of Year)$344K
Net Assets (End of Year)$335K
Net Income$-707,702
Plan TypeOther
Employer EIN731436109
Plan Effective Date2018-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (MYERS BANCSHARES, INC.)

Year Plans Participants Total Assets
2022 1 106 $1M
2023 1 99 $344K
2024 1 N/A $86K

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Frequently Asked Questions

How much money is in the MYERS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN?
As of the 2023 Form 5500 filing, MYERS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN holds $344K in total assets with 99 participants. It is sponsored by MYERS BANCSHARES, INC..
What type of plan is MYERS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN?
MYERS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN is a Other plan. It has been effective since 2018-01-01. The plan is filed with the U.S. Department of Labor under EIN 731436109.
Who sponsors the MYERS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN?
MYERS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN is sponsored by MYERS BANCSHARES, INC., located in Oklahoma. The sponsor's EIN is 731436109 and the plan operates in the Management of Enterprises industry.
How did MYERS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN perform in 2023?
MYERS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN declined by 67.8% during 2023, moving from $1M to $344K in total assets. Net income was $-707,702.
Where can I find official filings for MYERS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN?
Official Form 5500 filings for MYERS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 731436109 or plan name at efast.dol.gov.
How does MYERS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN compare to other plans?
You can compare MYERS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN against other Other plans on the plan type page, or view plans in Oklahoma on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

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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 731436109.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.