ESOP · DOL Form 5500 · 2023
Altrust Financial Services, Inc. ESOP
Data updated 2026-08-25
- $34M
- Total assets Below avg plan size
- 277
- Participants Below avg headcount
- 81st
- Percentile by assets National rank
- $121,161
- Avg per participant Near avg balance/head
Official DOL plan name: Altrust Financial Services, Inc. Employee Stock Ownership Plan · Sponsored by Altrust Financial Services, Inc. · Alabama · Finance & Insurance
$34M in assets, 277 participants
Altrust Financial Services, Inc.'s Altrust Financial Services, Inc. Employee Stock Ownership Plan reported $34M in total assets and 277 participants in its 2023 DOL Form 5500 filing, ranking in the 81st 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.
- #6,260 in Finance & Insurance (8,869 peers)
Where Altrust Financial Services, Inc. Employee Stock Ownership Plan sits by assets
Altrust Financial Services, Inc. Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $34M for 277 participants (~$121,161/participant), up 12.8% in 2023.
- #6,260
- in Finance & Insurance (8,869 peers)
- +12.8%
- assets growth YoY
- 0.3×
- vs typical plan assets (national mean)
Altrust Financial Services, Inc. Employee Stock Ownership Plan's outsized position by total assets
Altrust Financial Services, Inc. Employee Stock Ownership Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$33,561,535 Top 19% higher than 81% 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
Altrust Financial Services, Inc. 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. Altrust Financial Services, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (277 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Altrust Financial Services, Inc. Employee Stock Ownership Plan end-of-year assets rose from $30M in the plan year 2022 filing to $34M in the plan year 2023 filing.
- Altrust Financial Services, Inc. Employee Stock Ownership Plan reported net income rose from $4M in the plan year 2022 filing to $4M in the plan year 2023 filing.
- Altrust Financial Services, Inc. Employee Stock Ownership Plan reported participants rose from 270 in the plan year 2022 filing to 277 in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 630923450 · Altrust Financial Services, Inc. PY 2023 · ESOP
Altrust Financial Services, Inc. Employee Stock Ownership Plan · $34M · 277 · 81st
- VS-ST $34M
- BOY 277
- SCH 81st
- EBSA ESOP
- PART near Haylor Freyer & Coon Inc. Employee Stock Ownership Plan
- TYPE ind #6260
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 Alabama →
Altrust Financial Services, Inc. Employee Stock Ownership Plan in the asset neighbourhood
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $30M |
|---|---|
| Net Assets (End of Year) | $34M |
| Net Income | $4M |
| Employer EIN | 630923450 |
| Plan Effective Date | 1985-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Altrust Financial Services, Inc.)
Sponsor-wide plan assets over time
All Altrust Financial Services, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $49M 38.35921886643296% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 541 | $36M |
| 2023 | 2 | 553 | $41M |
| 2024 | 2 | 560 | $49M |
Nearby ESOP Plans in Alabama
Peer ESOP plans, same state, same plan type, ranked by total assets.
- Starfish Holdings, Inc. Employee Stock Ownership Plan $470M · 1,360
- Inline Electric Employee Stock Ownership Plan $196M · 287
- Radiance Technologies, Inc. Employee Stock Ownership Plan $168M · 874
- Signature Homes Employee Stock Ownership Plan $168M · 123
- Employee Stock Ownership Plan for Employees of David Volkert and Associates, Inc. and Sub $127M · 909
Altrust Financial Services, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount
Outside Alabama, the nearest ESOP by assets is Haylor Freyer & Coon Inc. Employee Stock Ownership Plan in NY ($34M); by covered participants it is Baker Electric Employee Stock Ownership Plan in CA (277 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($34M here).
- Haylor Freyer & Coon Inc. Employee Stock Ownership Plan (NY) $34M · 121
- Highlight Technologies, Inc. Employee Stock Ownership Plan and Trust (VA) $34M · 338
- Kimberlite Corporation Employee Stock Ownership Plan (CA) $33M · 104
- Combined Public Communications Employee Stock Ownership Plan (KY) $33M · 207
Similar participant headcount
Nearest other-state filings by covered participants (277 participants); asset peers above are excluded.
- Baker Electric Employee Stock Ownership Plan (CA) 277 · 0 off
- Ownersedge Employee Stock Ownership Plan (WI) 277 · 0 off
- Comsonics, Inc. Employee Stock Ownership Trust (VA) 277 · 0 off
- Jax Mercantile Co. Employee Stock Ownership Plan (CO) 277 · 0 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.