ESOP · DOL Form 5500 · 2023

1st Security Bank of Washington ESOP

Data updated 2026-08-25

$17M
Total assets Small plan by assets
446
Participants Below avg headcount
70th
Percentile by assets National rank
$38,734
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Fs Bancorp, Inc. Employee Stock Ownership Plan · Sponsored by 1st Security Bank of Washington · Washington · Finance & Insurance

$17M in assets, 446 participants

1st Security Bank of Washington's Fs Bancorp, Inc. Employee Stock Ownership Plan reported $17M in total assets and 446 participants in its 2023 DOL Form 5500 filing, ranking in the 70th 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.

  • #4,930 in Finance & Insurance (8,869 peers)

Coverage in Washington

Fs Bancorp, Inc. Employee Stock Ownership Plan covers 446 participants in Washington, about 30% of the average Washington filer (state average ~1,476 per filing). Assets: $17M.

#4,930
in Finance & Insurance (8,869 peers)
+9.2%
assets growth YoY

Fs Bancorp, Inc. Employee Stock Ownership Plan's outsized position by total assets

Fs Bancorp, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$17,275,561 Top 30% higher than 70% 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

Fs Bancorp, 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. Fs Bancorp, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (446 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Fs Bancorp, Inc. Employee Stock Ownership Plan reported net income rose from -$43K in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Fs Bancorp, Inc. Employee Stock Ownership Plan end-of-year assets rose from $16M in the plan year 2022 filing to $17M in the plan year 2023 filing.
  • Fs Bancorp, Inc. Employee Stock Ownership Plan reported participants rose from 434 in the plan year 2022 filing to 446 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 910459933 · 1st Security Bank of Washington PY 2023 · ESOP

Fs Bancorp, Inc. Employee Stock Ownership Plan · $17M · 446 · 70th

  • 5500 $17M
  • ASSETS 446
  • PCT 70th
  • EIN ESOP
  • RANK near Prisoner Transportation Services, Inc Employee Stock Ownership Plan
  • PHOTO ind #4930

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 Washington →

Fs Bancorp, Inc. Employee Stock Ownership Plan in the asset neighbourhood

American Vision Windows, Inc. ESOPAmerican Vision Windows, Inc…$17MHager Sharp, Inc. Employee Stock Ownership PlanHager Sharp, Inc. Employee S…$17MFs Bancorp, Inc. Employee Stock Ownership PlanFs Bancorp, Inc. Employee St…$17MPrisoner Transportation Services, Inc Employee Stock Ownership PlanPrisoner Transportation Serv…$17MEmployee Stock Ownership Plan and Trust for the Employees of Quality Manufacturing Services, Inc.Employee Stock Ownership Pla…$17M
End-of-year total assets ($M) among Fs Bancorp, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Washington filing particulars

Total Assets (Beginning of Year)$16M
Net Assets (End of Year)$17M
Net Income$1M
Employer EIN910459933
Plan Effective Date2012-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (1st Security Bank of Washington)

Sponsor-wide plan assets over time

All 1st Security Bank of Washington plans reported in each filing year

Latest sponsor-wide plan assets
$78M 37.085434099943996% vs 2022
2024 filing year
$50M$60M$70M$80M$90M 202220232024 $57.2M $78.4M ▲ +37.1%
Year Plans Participants Total Assets
2022 2 981 $57M
2023 2 1,001 $69M
2024 2 998 $78M

Nearby ESOP Plans in Washington

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

Fs Bancorp, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Washington, assets vs. participants Scatter plot of 6 data points. 01000200030004000 -101234 Total assets ($B) Participants Fs Bancorp, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.017275561 · Participants: 446Fs Bancorp, Inc. Employee Stock Ownership PlanSchweitzer Engineering Laboratories, Inc. Employee Stock Ownership Plan, Total assets ($B): 2.966454558 · Participants: 3694Schweitzer Engineering Laboratories, Inc. Employee Stock Ownership PlanTriple B Corporation Employee Stock Ownership Plan, Total assets ($B): 0.2780946 · Participants: 1123Triple B Corporation Employee Stock Ownership PlanManson Construction Co. Non-Craft Employee Stock Ownership Plan, Total assets ($B): 0.183263152 · Participants: 310Manson Construction Co. Non-Craft Employee Stock Ownership PlanParametrix, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.140162337 · Participants: 570Parametrix, Inc. Employee Stock Ownership PlanThe Plexsys Interface Products, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.114343989 · Participants: 183The Plexsys Interface Products, Inc. Employee Stock Ownership Plan
Fs Bancorp, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Washington, assets vs. participants
Compare Fs Bancorp, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Washington, the nearest ESOP by assets is Prisoner Transportation Services, Inc Employee Stock Ownership Plan in TN ($17M); by covered participants it is Landscape Structures, Inc. Employee Stock Ownership Plan and Trust in MN (446 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (446 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 Fs Bancorp, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Fs Bancorp, Inc. Employee Stock Ownership Plan grew at a solid clip - up 9.2% during 2023, from $16M to $17M. Reported net income was $1M.
How have 1st Security Bank of Washington plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), 1st Security Bank of Washington's sponsor-wide assets grew 37.1%, from $57M to $78M.
Which ESOP plans are similar in size to Fs Bancorp, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Prisoner Transportation Services, Inc Employee Stock Ownership Plan in TN ($17M, 79 participants).
Which ESOP plans cover a similar participant headcount to Fs Bancorp, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Landscape Structures, Inc. Employee Stock Ownership Plan and Trust in MN (446 participants, $432M 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 910459933.

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.