ESOP · DOL Form 5500 · 2023

First Home Bank ESOP

Data updated 2026-08-25

$1M
Total assets Small plan by assets
286
Participants Below avg headcount
25th
Percentile by assets National rank
$4,116
Avg per participant Low balance/head
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Official DOL plan name: Bayfirst National Bank Employee Stock Ownership Plan · Sponsored by First Home Bank · Florida · Finance & Insurance

$1M in assets, 286 participants

First Home Bank's Bayfirst National Bank Employee Stock Ownership Plan reported $1M in total assets and 286 participants in its 2023 DOL Form 5500 filing, ranking in the 25th 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.

  • #1,445 in Finance & Insurance (8,869 peers)

Coverage in Florida

Bayfirst National Bank Employee Stock Ownership Plan covers 286 participants in Florida, about 46% of the average Florida filer (state average ~628 per filing). Assets: $1M.

#1,445
in Finance & Insurance (8,869 peers)
-23.1%
assets change YoY

The plan reported a net loss of $542K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Bayfirst National Bank Employee Stock Ownership Plan among the smaller filed plans by assets

Bayfirst National Bank Employee Stock Ownership Plan vs every filed plan by assets

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

$1,177,153 25th percentile higher than 25% 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

Bayfirst National Bank 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. Bayfirst National Bank Employee Stock Ownership Plan sits mid-pack in the medium band (286 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bayfirst National Bank Employee Stock Ownership Plan reported participants fell from 617 in the plan year 2022 filing to 286 in the plan year 2023 filing.
  • Bayfirst National Bank Employee Stock Ownership Plan end-of-year assets fell from $2M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Bayfirst National Bank Employee Stock Ownership Plan reported net income fell from -$484K in the plan year 2022 filing to -$542K in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 593526917 · First Home Bank PY 2023 · ESOP

Bayfirst National Bank Employee Stock Ownership Plan · $1M · 286 · 25th

  • NET $1M
  • BOOK 286
  • VS-ST 25th
  • BOY ESOP
  • SCH near Ross Group, Inc. Employee Stock Ownership Plan
  • EBSA ind #1445

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 Florida →

Bayfirst National Bank Employee Stock Ownership Plan in the asset neighbourhood

Bayfirst National Bank Employee Stock Ownership PlanBayfirst National Bank Emplo…$1MRoss Group, Inc. Employee Stock Ownership PlanRoss Group, Inc. Employee St…$1MHanky Panky Ltd. ESOP$1MKohler Design Corp. Employee Stock Ownership Plan and TrustKohler Design Corp. Employee…$1MLor Geotechnical Group Employee Stock Ownership PlanLor Geotechnical Group Emplo…$1M
End-of-year total assets ($M) among Bayfirst National Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Florida filing particulars

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$674K
Net Income-$542K
Employer EIN593526917
Plan Effective Date2018-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Home Bank)

Sponsor-wide plan assets over time

All First Home Bank plans reported in each filing year

Latest sponsor-wide plan assets
$21M 11.504454616082946% vs 2022
2024 filing year
$18M$19M$20M$21M$22M 202220232024 $18.7M $20.9M ▲ +11.5%
Year Plans Participants Total Assets
2022 2 1,238 $19M
2023 2 564 $19M
2024 2 596 $21M

Nearby ESOP Plans in Florida

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

Bayfirst National Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Florida, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -5051015 Total assets ($B) Participants Bayfirst National Bank Employee Stock Ownership Plan, Total assets ($B): 0.001177153 · Participants: 286Bayfirst National Bank Employee Stock Ownership PlanPublix Super Markets, Inc. Employee Stock Ownership Plan & Trust, Total assets ($B): 11.810430673 · Participants: 141229Publix Super Markets, Inc. Employee Stock Ownership Plan & TrustRaymond James Financial, Inc. & Affiliates Employee Stock Ownership Plan, Total assets ($B): 0.836004639 · Participants: 15500Raymond James Financial, Inc. & Affiliates Employee Stock Ownership PlanRsr Employee Stock Ownership Plan, Total assets ($B): 0.390019755 · Participants: 382Rsr Employee Stock Ownership PlanSummit Companies Holdings, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.367604547 · Participants: 233Summit Companies Holdings, Inc. Employee Stock Ownership PlanThirty Fifteen Employee Stock Ownership Plan, Total assets ($B): 0.324400117 · Participants: 5365Thirty Fifteen Employee Stock Ownership Plan
Bayfirst National Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Florida, assets vs. participants
Compare Bayfirst National Bank Employee Stock Ownership Plan side-by-side with 3 peers →

Bayfirst National Bank Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Florida, the nearest ESOP by assets is Ross Group, Inc. Employee Stock Ownership Plan in GA ($1M); by covered participants it is Deschutes Brewery, Inc. Employee Stock Ownership Plan in OR (286 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (286 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 Bayfirst National Bank Employee Stock Ownership Plan assets move in 2023? ▼
Bayfirst National Bank Employee Stock Ownership Plan declined sharply - down 23.1% during 2023, from $2M to $1M. Reported net income was -$542K.
How have First Home Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Home Bank's sponsor-wide assets grew 11.5%, from $19M to $21M.
Where does Bayfirst National Bank Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Bayfirst National Bank Employee Stock Ownership Plan ranks in the 25th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the lower half of filed plans by assets).
Which ESOP plans are similar in size to Bayfirst National Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Ross Group, Inc. Employee Stock Ownership Plan in GA ($1M, 20 participants).
Which ESOP plans cover a similar participant headcount to Bayfirst National Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Deschutes Brewery, Inc. Employee Stock Ownership Plan in OR (286 participants, $3M 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 593526917.

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.