ESOP · DOL Form 5500 · 2023

Sound Financial Bancorp, Inc. ESOP

Data updated 2026-08-25

$7M
Total assets Small plan by assets
153
Participants Small participant base
51st
Percentile by assets National rank
$46,718
Avg per participant Low balance/head
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Official DOL plan name: Sound Financial Bancorp, Inc. Employee Stock Ownership Plan · Sponsored by Sound Financial Bancorp, Inc. · Washington · Management of Enterprises

$7M in assets, 153 participants

Sound Financial Bancorp, Inc.'s Sound Financial Bancorp, Inc. Employee Stock Ownership Plan reported $7M in total assets and 153 participants in its 2023 DOL Form 5500 filing, ranking in the 51st 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.

  • #363 in Management of Enterprises (1,137 peers)

Coverage in Washington

Sound Financial Bancorp, Inc. Employee Stock Ownership Plan covers 153 participants in Washington, about 10% of the average Washington filer (state average ~1,476 per filing). Assets: $7M.

#363
in Management of Enterprises (1,137 peers)
+10.2%
assets growth YoY

Sound Financial Bancorp, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Management of Enterprises and all filers

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

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

$7,147,792 Top 49% higher than 51% 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

Sound Financial 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. Sound Financial Bancorp, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (153 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sound Financial Bancorp, Inc. Employee Stock Ownership Plan reported net income rose from -$442K in the plan year 2022 filing to $660K in the plan year 2023 filing.
  • Sound Financial Bancorp, Inc. Employee Stock Ownership Plan reported participants rose from 83 in the plan year 2022 filing to 153 in the plan year 2023 filing.
  • Sound Financial Bancorp, Inc. Employee Stock Ownership Plan end-of-year assets rose from $6M in the plan year 2022 filing to $7M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 910619653 · Sound Financial Bancorp, Inc. PY 2023 · ESOP

Sound Financial Bancorp, Inc. Employee Stock Ownership Plan · $7M · 153 · 51st

  • EIN $7M
  • RANK 153
  • PHOTO 51st
  • IND ESOP
  • EOY near O'neil Printing, Inc. Employee Stock Ownership Plan
  • 5500 ind #363

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 →

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

Sound Financial Bancorp, Inc. Employee Stock Ownership PlanSound Financial Bancorp, Inc…$7MO'neil Printing, Inc. Employee Stock Ownership PlanO'neil Printing, Inc. Employ…$7MIbex Enterprises Employee Stock Ownership PlanIbex Enterprises Employee St…$7MNorthwest Engineering Service, Inc. Restated Employee Stock Ownership Plan and TrustNorthwest Engineering Servic…$7MIgov Employee Stock Ownership PlanIgov Employee Stock Ownershi…$7M
End-of-year total assets ($M) among Sound Financial 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)$6M
Net Assets (End of Year)$7M
Net Income$660K
Employer EIN910619653
Plan Effective Date2008-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sound Financial Bancorp, Inc.)

Sponsor-wide plan assets over time

All Sound Financial Bancorp, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$25M 50.07078747220213% vs 2022
2024 filing year
$15M$20M$25M$30M 202220232024 $16.8M $25.2M ▲ +50.0%
Year Plans Participants Total Assets
2022 2 226 $17M
2023 2 295 $20M
2024 2 250 $25M

Nearby ESOP Plans in Washington

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

Sound Financial Bancorp, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Washington, assets vs. participants Scatter plot of 6 data points. -100001000200030004000 -101234 Total assets ($B) Participants Sound Financial Bancorp, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.007147792 · Participants: 153Sound Financial 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
Sound Financial Bancorp, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Washington, assets vs. participants
Compare Sound Financial Bancorp, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Washington, the nearest ESOP by assets is O'neil Printing, Inc. Employee Stock Ownership Plan in AZ ($7M); by covered participants it is Honat Bancorp, Inc. Employee Stock Ownership Plan W/401(k) Provisions in PA (153 participants). Same-state nearby plans are listed separately above.

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 Sound Financial Bancorp, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Sound Financial Bancorp, Inc. Employee Stock Ownership Plan grew at a solid clip - up 10.2% during 2023, from $6M to $7M. Reported net income was $660K.
How have Sound Financial Bancorp, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sound Financial Bancorp, Inc.'s sponsor-wide assets grew 50.1%, from $17M to $25M.
Which ESOP plans are similar in size to Sound Financial Bancorp, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is O'neil Printing, Inc. Employee Stock Ownership Plan in AZ ($7M, 61 participants).
Which ESOP plans cover a similar participant headcount to Sound Financial Bancorp, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Honat Bancorp, Inc. Employee Stock Ownership Plan W/401(k) Provisions in PA (153 participants, $29M 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 910619653.

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.