ESOP · DOL Form 5500 · 2023

United Bank Corporation ESOP

Data updated 2026-08-25

$57M
Total assets Below avg plan size
336
Participants Below avg headcount
87th
Percentile by assets National rank
$169,408
Avg per participant Above avg balance/head
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Official DOL plan name: United Bank Corporation Employee Stock Ownership Plan · Sponsored by United Bank Corporation · Georgia · Finance & Insurance

$57M in assets, 336 participants

United Bank Corporation's United Bank Corporation Employee Stock Ownership Plan reported $57M in total assets and 336 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • #7,071 in Finance & Insurance (8,869 peers)

Coverage in Georgia

United Bank Corporation Employee Stock Ownership Plan covers 336 participants in Georgia, about 31% of the average Georgia filer (state average ~1,096 per filing). Assets: $57M.

#7,071
in Finance & Insurance (8,869 peers)
+9.2%
assets growth YoY
0.6×
vs typical plan assets (national mean)

United Bank Corporation Employee Stock Ownership Plan's outsized position by total assets

United Bank Corporation Employee Stock Ownership Plan vs every filed plan by assets

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

$56,921,023 Top 13% higher than 87% 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

United Bank Corporation 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. United Bank Corporation Employee Stock Ownership Plan sits mid-pack in the medium band (336 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • United Bank Corporation Employee Stock Ownership Plan reported net income rose from -$5M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • United Bank Corporation Employee Stock Ownership Plan end-of-year assets rose from $52M in the plan year 2022 filing to $57M in the plan year 2023 filing.
  • United Bank Corporation Employee Stock Ownership Plan reported participants fell from 344 in the plan year 2022 filing to 336 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 581447401 · United Bank Corporation PY 2023 · ESOP

United Bank Corporation Employee Stock Ownership Plan · $57M · 336 · 87th

  • RANK $57M
  • RANK 336
  • RANK 87th
  • RANK ESOP
  • RANK near Paladin Capital, Inc. ESOP
  • RANK ind #7071

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 Georgia →

United Bank Corporation Employee Stock Ownership Plan in the asset neighbourhood

Mjw Consolidated, Inc. Employee Stock Ownership PlanMjw Consolidated, Inc. Emplo…$57MOliver's Market Employee Stock Ownership PlanOliver's Market Employee Sto…$57MPaladin Capital, Inc. ESOP$57MUnited Bank Corporation Employee Stock Ownership PlanUnited Bank Corporation Empl…$57MOxygen Service Co., Inc. Employee Stock Ownership PlanOxygen Service Co., Inc. Emp…$57M
End-of-year total assets ($M) among United Bank Corporation Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Georgia filing particulars

Total Assets (Beginning of Year)$52M
Net Assets (End of Year)$57M
Net Income$5M
Employer EIN581447401
Plan Effective Date2018-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (United Bank Corporation)

Sponsor-wide plan assets over time

All United Bank Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$153M 83.68356608675538% vs 2022
2024 filing year
$50M$100M$150M$200M 202220232024 $83.6M $153M ▲ +83.7%
Year Plans Participants Total Assets
2022 2 741 $84M
2023 2 721 $96M
2024 2 755 $153M

Nearby ESOP Plans in Georgia

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

United Bank Corporation Employee Stock Ownership Plan vs. nearby ESOP plans in Georgia, assets vs. participants Scatter plot of 6 data points. 0500100015002000 0200400600800 Total assets ($M) Participants United Bank Corporation Employee Stock Ownership Plan, Total assets ($M): 56.921023 · Participants: 336United Bank Corporation Employee Stock Ownership PlanWarehouse Home Furnishings Distributors, Inc. Employee Stock Ownership Plan, Total assets ($M): 664.601691 · Participants: 1772Warehouse Home Furnishings Distributors, Inc. Employee Stock Ownership PlanChoate Construction Company Employee Stock Ownership Plan, Total assets ($M): 407.968435 · Participants: 454Choate Construction Company Employee Stock Ownership PlanBrent Scarbrough & Company Employee Stock Ownership Plan, Total assets ($M): 366.989824 · Participants: 439Brent Scarbrough & Company Employee Stock Ownership PlanAubrey Silvey Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 222.074562 · Participants: 424Aubrey Silvey Enterprises, Inc. Employee Stock Ownership PlanDixie Plywood and Lumber Company Employee Stock Ownership Plan, Total assets ($M): 208.200343 · Participants: 327Dixie Plywood and Lumber Company Employee Stock Ownership Plan
United Bank Corporation Employee Stock Ownership Plan vs. nearby ESOP plans in Georgia, assets vs. participants
Compare United Bank Corporation Employee Stock Ownership Plan side-by-side with 3 peers →

United Bank Corporation Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Georgia, the nearest ESOP by assets is Paladin Capital, Inc. ESOP in TN ($57M); by covered participants it is Kinzler Employee Stock Ownership Plan and Trust Agreement in IA (335 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (336 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 United Bank Corporation Employee Stock Ownership Plan assets move in 2023? ▼
United Bank Corporation Employee Stock Ownership Plan grew at a solid clip - up 9.2% during 2023, from $52M to $57M. Reported net income was $5M.
How have United Bank Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), United Bank Corporation's sponsor-wide assets grew 83.7%, from $84M to $153M.
Where does United Bank Corporation Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
United Bank Corporation Employee Stock Ownership Plan ranks in the 87th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to United Bank Corporation Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Paladin Capital, Inc. ESOP in TN ($57M, 3,846 participants).
Which ESOP plans cover a similar participant headcount to United Bank Corporation Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Kinzler Employee Stock Ownership Plan and Trust Agreement in IA (335 participants, $6M 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 581447401.

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.