ESOP · DOL Form 5500 · 2023

First State Bancorp of Monticello, Inc. ESOP

Data updated 2026-08-25

$28M
Total assets Below avg plan size
70
Participants Small participant base
78th
Percentile by assets National rank
$404,359
Avg per participant High balance/head
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Official DOL plan name: First State Bancorp of Monticello, Inc. ESOP · Sponsored by First State Bancorp of Monticello, Inc. · Illinois · Finance & Insurance

$28M in assets, 70 participants

First State Bancorp of Monticello, Inc.'s First State Bancorp of Monticello, Inc. ESOP reported $28M in total assets and 70 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.

  • #5,941 in Finance & Insurance (8,869 peers)

Where First State Bancorp of Monticello, Inc. ESOP sits by assets

First State Bancorp of Monticello, Inc. ESOP sits in the top quartile of all filed plans by assets, $28M for 70 participants (~$404,359/participant), up 13.8% in 2023.

#5,941
in Finance & Insurance (8,869 peers)
+13.8%
assets growth YoY
0.3×
vs typical plan assets (national mean)

First State Bancorp of Monticello, Inc. ESOP's outsized position by total assets

First State Bancorp of Monticello, Inc. ESOP vs every filed plan by assets

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

$28,305,131 Top 22% higher than 78% 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

First State Bancorp of Monticello, Inc. ESOP among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First State Bancorp of Monticello, Inc. ESOP is a small filing (70 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First State Bancorp of Monticello, Inc. ESOP reported net income rose from $2M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • First State Bancorp of Monticello, Inc. ESOP end-of-year assets rose from $25M in the plan year 2022 filing to $28M in the plan year 2023 filing.
  • First State Bancorp of Monticello, Inc. ESOP reported participants fell from 76 in the plan year 2022 filing to 70 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 371142968 · First State Bancorp of Monticello, Inc. PY 2023 · ESOP

First State Bancorp of Monticello, Inc. ESOP · $28M · 70 · 78th

  • TYPE $28M
  • TYPE 70
  • TYPE 78th
  • TYPE ESOP
  • TYPE near Grace Investment Company, Inc. ESOP Plan
  • TYPE ind #5941

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 Illinois →

First State Bancorp of Monticello, Inc. ESOP in the asset neighbourhood

First State Bancorp of Monticello, Inc. ESOPFirst State Bancorp of Monti…$28MGrace Investment Company, Inc. ESOP PlanGrace Investment Company, In…$28MAcme Mechanical Contractors of Virginia, Inc. Employee Stock Ownership Plan and TrustAcme Mechanical Contractors …$28MBardex Corporation Employee Stock Ownership PlanBardex Corporation Employee …$28MCramer & Associates, Inc. Employee Stock Ownership PlanCramer & Associates, Inc. Em…$28M
End-of-year total assets ($M) among First State Bancorp of Monticello, Inc. ESOP and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$25M
Net Assets (End of Year)$9M
Net Income$4M
Employer EIN371142968
Plan Effective Date1986-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First State Bancorp of Monticello, Inc.)

Sponsor-wide plan assets over time

All First State Bancorp of Monticello, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$35M 2.0357293130698007% vs 2022
2024 filing year
$26M$28M$30M$32M$34M$36M 202220232024 $34.2M $34.9M ▲ +2.0%
Year Plans Participants Total Assets
2022 2 129 $34M
2023 1 70 $28M
2024 1 70 $35M

Nearby ESOP Plans in Illinois

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

First State Bancorp of Monticello, Inc. ESOP vs. nearby ESOP plans in Illinois, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -1012345 Total assets ($B) Participants First State Bancorp of Monticello, Inc. ESOP, Total assets ($B): 0.028305131 · Participants: 70First State Bancorp of Monticello, Inc. ESOPAmsted Industries Incorporated Employees' Stock Ownership Plan, Total assets ($B): 4.440263476 · Participants: 4738Amsted Industries Incorporated Employees' Stock Ownership PlanKehe Distributors, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.616096816 · Participants: 4251Kehe Distributors, Inc. Employee Stock Ownership PlanScot Forge Company Employee Stock Ownership Plan, Total assets ($B): 1.195072662 · Participants: 486Scot Forge Company Employee Stock Ownership PlanBdo USA Employee Stock Ownership Plan, Total assets ($B): 0.91547863 · Participants: 10168Bdo USA Employee Stock Ownership PlanBdo USA Employee Stock Ownership Plan, Total assets ($B): 0.91547863 · Participants: 10168Bdo USA Employee Stock Ownership Plan
First State Bancorp of Monticello, Inc. ESOP vs. nearby ESOP plans in Illinois, assets vs. participants
Compare First State Bancorp of Monticello, Inc. ESOP side-by-side with 3 peers →

First State Bancorp of Monticello, Inc. ESOP's out-of-state ESOP peers by assets and headcount

Outside Illinois, the nearest ESOP by assets is Grace Investment Company, Inc. ESOP Plan in OK ($28M); by covered participants it is Amended and Restated Affinity Bank Employee Stock Ownership Plan in GA (70 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (70 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 First State Bancorp of Monticello, Inc. ESOP assets move in 2023? ▼
First State Bancorp of Monticello, Inc. ESOP grew at a solid clip - up 13.8% during 2023, from $25M to $28M. Reported net income was $4M.
How have First State Bancorp of Monticello, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First State Bancorp of Monticello, Inc.'s sponsor-wide assets grew 2.0%, from $34M to $35M.
Where does First State Bancorp of Monticello, Inc. ESOP rank by assets among Form 5500 filers? ▼
First State Bancorp of Monticello, Inc. ESOP ranks in the 78th 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 First State Bancorp of Monticello, Inc. ESOP? ▼
Among ESOP plans in other states, the closest by assets is Grace Investment Company, Inc. ESOP Plan in OK ($28M, 67 participants).
Which ESOP plans cover a similar participant headcount to First State Bancorp of Monticello, Inc. ESOP? ▼
Among ESOP plans in other states, the closest by covered participants is Amended and Restated Affinity Bank Employee Stock Ownership Plan in GA (70 participants, $9M 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 371142968.

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.