ESOP · DOL Form 5500 · 2023
Arrow Financial Corporation ESOP
Data updated 2026-08-25
- $28M
- Total assets Below avg plan size
- 403
- Participants Below avg headcount
- 78th
- Percentile by assets National rank
- $68,760
- Avg per participant Below avg balance/head
Official DOL plan name: Arrow Financial Corporation Employee Stock Ownership Plan · Sponsored by Arrow Financial Corporation · New York · Finance & Insurance
$28M in assets, 403 participants
Arrow Financial Corporation's Arrow Financial Corporation Employee Stock Ownership Plan reported $28M in total assets and 403 participants in its 2023 DOL Form 5500 filing, ranking in the 78th 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.
- #5,900 in Finance & Insurance (8,869 peers)
Where Arrow Financial Corporation Employee Stock Ownership Plan sits by assets
Arrow Financial Corporation Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $28M for 403 participants (~$68,760/participant), down 10.3% in 2023.
- #5,900
- in Finance & Insurance (8,869 peers)
- -10.3%
- assets change YoY
- 0.3×
- vs typical plan assets (national mean)
The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Arrow Financial Corporation Employee Stock Ownership Plan's outsized position by total assets
Arrow Financial Corporation Employee Stock Ownership Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$27,710,255 Top 22% higher than 78% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Arrow Financial 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. Arrow Financial Corporation Employee Stock Ownership Plan sits mid-pack in the medium band (403 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Arrow Financial Corporation Employee Stock Ownership Plan reported net income fell from $195K in the plan year 2022 filing to -$3M in the plan year 2023 filing.
- Arrow Financial Corporation Employee Stock Ownership Plan end-of-year assets fell from $31M in the plan year 2022 filing to $28M in the plan year 2023 filing.
- Arrow Financial Corporation Employee Stock Ownership Plan reported participants fell from 426 in the plan year 2022 filing to 403 in the plan year 2023 filing.
DOL schedule card
Filing strip 222448962 · Arrow Financial Corporation PY 2023 · ESOP
Arrow Financial Corporation Employee Stock Ownership Plan · $28M · 403 · 78th
- RANK $28M
- PHOTO 403
- IND 78th
- EOY ESOP
- 5500 near Ricondo & Associates, Inc. Employee Stock Ownership Plan
- ASSETS ind #5900
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 New York →
Arrow Financial Corporation Employee Stock Ownership Plan in the asset neighbourhood
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $31M |
|---|---|
| Net Assets (End of Year) | $28M |
| Net Income | -$3M |
| Employer EIN | 222448962 |
| Plan Effective Date | 1970-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Arrow Financial Corporation)
Sponsor-wide plan assets over time
All Arrow Financial Corporation plans reported in each filing year
- Latest sponsor-wide plan assets
- $132M 14.975930928648115% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 1,364 | $115M |
| 2023 | 3 | 1,309 | $122M |
| 2024 | 3 | 1,344 | $132M |
Nearby ESOP Plans in New York
Peer ESOP plans, same state, same plan type, ranked by total assets.
- Stewart's Shops Corp Employee Stock Ownership Plan $877M · 3,439
- North Coast Holdings Employee Stock Ownership Plan $406M · 4,467
- Griffon Corporation Employee Stock Ownership Plan $299M · 3,674
- Greenman-Pedersen, Inc. Employee Stock Ownership Plan $248M · 1,704
- H.C. Wainwright & Co. Employee Stock Ownership Plan $242M · 93
Arrow Financial Corporation Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount
Outside New York, the nearest ESOP by assets is Ricondo & Associates, Inc. Employee Stock Ownership Plan in IL ($28M); by covered participants it is Icr Inc. Employee Stock Ownership Plan in CO (403 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($28M here).
- Ricondo & Associates, Inc. Employee Stock Ownership Plan (IL) $28M · 157
- Midwest Mole, Inc. Employee Stock Ownership Plan and Trust Agreement (IN) $28M · 62
- Zealandia Holding Company, Inc. Employee Stock Ownership Plan (NC) $28M · 263
- Vroman Systems, Inc. Employee Stock Ownership Plan and Trust (IL) $28M · 7
Similar participant headcount
Nearest other-state filings by covered participants (403 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.