ESOP · DOL Form 5500 · 2023

Highlands Bankshares, Inc. ESOP

Data updated 2026-08-25

$2M
Total assets Small plan by assets
113
Participants Small participant base
30th
Percentile by assets National rank
$17,627
Avg per participant Low balance/head
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Official DOL plan name: Highlands Bankshares, Inc. Employee Stock Ownership Plan · Sponsored by Highlands Bankshares, Inc. · West Virginia · Management of Enterprises

$2M in assets, 113 participants

Highlands Bankshares, Inc.'s Highlands Bankshares, Inc. Employee Stock Ownership Plan reported $2M in total assets and 113 participants in its 2023 DOL Form 5500 filing, ranking in the 30th 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.

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

Coverage in West Virginia

Highlands Bankshares, Inc. Employee Stock Ownership Plan covers 113 participants in West Virginia, about 24% of the average West Virginia filer (state average ~467 per filing). Assets: $2M.

#201
in Management of Enterprises (1,137 peers)
+0.9%
assets growth YoY

Highlands Bankshares, Inc. Employee Stock Ownership Plan among the smaller filed plans by assets

Highlands Bankshares, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$1,991,831 30th percentile higher than 30% 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

Highlands Bankshares, 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. Highlands Bankshares, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (113 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Highlands Bankshares, Inc. Employee Stock Ownership Plan reported net income fell from $97K in the plan year 2022 filing to $18K in the plan year 2023 filing.
  • Highlands Bankshares, Inc. Employee Stock Ownership Plan reported participants rose from 110 in the plan year 2022 filing to 113 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 550650793 · Highlands Bankshares, Inc. PY 2023 · ESOP

Highlands Bankshares, Inc. Employee Stock Ownership Plan · $2M · 113 · 30th

  • 5500 $2M
  • ASSETS 113
  • PCT 30th
  • EIN ESOP
  • RANK near Miller-Newell Engineers, Inc. Employee Stock Ownership Plan
  • PHOTO ind #201

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 West Virginia →

Highlands Bankshares, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Miller-Newell Engineers, Inc. Employee Stock Ownership PlanMiller-Newell Engineers, Inc…$2MLakeview Professional Services, Inc ESOPLakeview Professional Servic…$2MModern Metals Foundry, Inc. Employee Stock Ownership Plan and TrustModern Metals Foundry, Inc. …$2MHighlands Bankshares, Inc. Employee Stock Ownership PlanHighlands Bankshares, Inc. E…$2MSftf Employee Stock Ownership PlanSftf Employee Stock Ownershi…$2M
End-of-year total assets ($M) among Highlands Bankshares, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

West Virginia filing particulars

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$2M
Net Income$18K
Employer EIN550650793
Plan Effective Date1995-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Highlands Bankshares, Inc.)

Sponsor-wide plan assets over time

All Highlands Bankshares, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$2M 15.593174145805724% vs 2022
2024 filing year
$1.9M$2M$2.1M$2.2M$2.3M$2.4M 202220232024 $1.97M $2.28M ▲ +15.7%
Year Plans Participants Total Assets
2022 1 110 $2M
2023 1 113 $2M
2024 1 112 $2M

Nearby ESOP Plans in West Virginia

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

Highlands Bankshares, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in West Virginia, assets vs. participants Scatter plot of 6 data points. -5000500100015002000 -20020406080100 Total assets ($M) Participants Highlands Bankshares, Inc. Employee Stock Ownership Plan, Total assets ($M): 1.991831 · Participants: 113Highlands Bankshares, Inc. Employee Stock Ownership PlanTriton Employee Stock Ownership Plan, Total assets ($M): 81.933827 · Participants: 61Triton Employee Stock Ownership PlanPort Amherst, Ltd. Employee Stock Ownership Plan, Total assets ($M): 42.811968 · Participants: 325Port Amherst, Ltd. Employee Stock Ownership PlanMulberry's Independent Home Services, Inc. Employee Stock Ownership Plan, Total assets ($M): 36.78 · Participants: 1687Mulberry's Independent Home Services, Inc. Employee Stock Ownership PlanWeirton Geriatric Center, Inc. Employees' Stock Ownership Plan, Total assets ($M): 29.237019 · Participants: 137Weirton Geriatric Center, Inc. Employees' Stock Ownership PlanCgp Foods Inc. Employee Stock Ownership Plan, Total assets ($M): 20.596104 · Participants: 282Cgp Foods Inc. Employee Stock Ownership Plan
Highlands Bankshares, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in West Virginia, assets vs. participants
Compare Highlands Bankshares, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside West Virginia, the nearest ESOP by assets is Miller-Newell Engineers, Inc. Employee Stock Ownership Plan in AR ($2M); by covered participants it is Savanna Industries Employee Stock Ownership Plan in VA (113 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (113 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 Highlands Bankshares, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Highlands Bankshares, Inc. Employee Stock Ownership Plan held essentially flat - up 0.9% during 2023, from $2M to $2M. Reported net income was $18K.
How have Highlands Bankshares, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Highlands Bankshares, Inc.'s sponsor-wide assets grew 15.6%, from $2M to $2M.
Which ESOP plans are similar in size to Highlands Bankshares, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Miller-Newell Engineers, Inc. Employee Stock Ownership Plan in AR ($2M, 8 participants).
Which ESOP plans cover a similar participant headcount to Highlands Bankshares, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Savanna Industries Employee Stock Ownership Plan in VA (113 participants, $34M 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 550650793.

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.