ESOP · DOL Form 5500 · 2024

Spencer County Bank ESOP

Data updated 2026-08-25

$2M
Total assets Small plan by assets
40
Participants Small participant base
30th
Percentile by assets National rank
$51,940
Avg per participant Low balance/head
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Official DOL plan name: Spencer County Bank Employees' Stock Ownership Plan & Trust · Sponsored by Spencer County Bank · Indiana · Finance & Insurance

$2M in assets, 40 participants

Spencer County Bank's Spencer County Bank Employees' Stock Ownership Plan & Trust reported $2M in total assets and 40 participants in its 2024 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.

  • #1,605 in Finance & Insurance (8,549 peers)

What the 2024 filing shows

Spencer County Bank Employees' Stock Ownership Plan & Trust holds $2M for 40 participants - about $51,940 per participant, in the lower half of filed plans by assets.

#1,605
in Finance & Insurance (8,549 peers)
-0.6%
assets change YoY

The plan reported a net loss of $12K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Spencer County Bank Employees' Stock Ownership Plan & Trust among the smaller filed plans by assets

Spencer County Bank Employees' Stock Ownership Plan & Trust vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$2,077,592 30th percentile higher than 30% of 123,620 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 2024

Spencer County Bank Employees' Stock Ownership Plan & Trust among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Spencer County Bank Employees' Stock Ownership Plan & Trust is a small filing (40 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Spencer County Bank Employees' Stock Ownership Plan & Trust reported net income rose from -$68K in the plan year 2023 filing to -$12K in the plan year 2024 filing.
  • Spencer County Bank Employees' Stock Ownership Plan & Trust reported participants rose from 39 in the plan year 2023 filing to 40 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 350458660 · Spencer County Bank PY 2024 · ESOP

Spencer County Bank Employees' Stock Ownership Plan & Trust · $2M · 40 · 30th

  • PHOTO $2M
  • PHOTO 40
  • PHOTO 30th
  • PHOTO ESOP
  • PHOTO near Vineskills, Inc. Employee Stock Ownership Plan
  • PHOTO ind #1605

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 Indiana →

Spencer County Bank Employees' Stock Ownership Plan & Trust in the asset neighbourhood

Durbin Bennett Tax Advisors, Inc. Employee Stock Ownership PlanDurbin Bennett Tax Advisors,…$2MSpencer County Bank Employees' Stock Ownership Plan & TrustSpencer County Bank Employee…$2MVineskills, Inc. Employee Stock Ownership PlanVineskills, Inc. Employee St…$2MA.R. Mays Construction, Inc. Employee Stock Ownership PlanA.R. Mays Construction, Inc.…$2MAmerican Fabrication, Inc. Employee Stock Ownership PlanAmerican Fabrication, Inc. E…$2M
End-of-year total assets ($M) among Spencer County Bank Employees' Stock Ownership Plan & Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Filing particulars (2024)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$2M
Net Income-$12K
Employer EIN350458660
Plan Effective Date1986-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Spencer County Bank)

Sponsor-wide plan assets over time

All Spencer County Bank plans reported in each filing year

Latest sponsor-wide plan assets
$2M 3.6977945801525656% vs 2022
2024 filing year
$2.05M$2.1M$2.15M$2.2M 202220232024 $2.16M $2.08M ▼ -3.7%
Year Plans Participants Total Assets
2022 1 39 $2M
2023 1 39 $2M
2024 1 40 $2M

Nearby ESOP Plans in Indiana

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

Spencer County Bank Employees' Stock Ownership Plan & Trust vs. nearby ESOP plans in Indiana, assets vs. participants Scatter plot of 6 data points. -1000010002000300040005000 -0.500.511.522.5 Total assets ($B) Participants Spencer County Bank Employees' Stock Ownership Plan & Trust, Total assets ($B): 0.002077592 · Participants: 40Spencer County Bank Employees' Stock Ownership Plan & TrustJasper Holdings, Inc Employee Stock Ownership Plan and Trust, Total assets ($B): 2.185109137 · Participants: 4295Jasper Holdings, Inc Employee Stock Ownership Plan and TrustUrschel Laboratories Employee Stock Ownership Plan, Total assets ($B): 0.432438721 · Participants: 509Urschel Laboratories Employee Stock Ownership PlanNibco Inc. Employee Stock Ownership Plan, Total assets ($B): 0.376983564 · Participants: 1370Nibco Inc. Employee Stock Ownership PlanDucharme, Mcmillen & Associates, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.170278352 · Participants: 622Ducharme, Mcmillen & Associates, Inc. Employee Stock Ownership PlanErmco, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.151428287 · Participants: 123Ermco, Inc. Employee Stock Ownership Plan
Spencer County Bank Employees' Stock Ownership Plan & Trust vs. nearby ESOP plans in Indiana, assets vs. participants
Compare Spencer County Bank Employees' Stock Ownership Plan & Trust side-by-side with 3 peers →

Spencer County Bank Employees' Stock Ownership Plan & Trust's out-of-state ESOP peers by assets and headcount

Outside Indiana, the nearest ESOP by assets is Vineskills, Inc. Employee Stock Ownership Plan in CA ($2M); by covered participants it is Murphy Bank Employee Stock Ownership Plan in CA (40 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (40 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Spencer County Bank Employees' Stock Ownership Plan & Trust assets move in 2024? ▼
Spencer County Bank Employees' Stock Ownership Plan & Trust held essentially flat - down 0.6% during 2024, from $2M to $2M. Reported net income was -$12K.
How have Spencer County Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Spencer County Bank's sponsor-wide assets declined 3.7%, from $2M to $2M.
Which ESOP plans are similar in size to Spencer County Bank Employees' Stock Ownership Plan & Trust? ▼
Among ESOP plans in other states, the closest by assets is Vineskills, Inc. Employee Stock Ownership Plan in CA ($2M, 25 participants).
Which ESOP plans cover a similar participant headcount to Spencer County Bank Employees' Stock Ownership Plan & Trust? ▼
Among ESOP plans in other states, the closest by covered participants is Murphy Bank Employee Stock Ownership Plan in CA (40 participants, $7M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 350458660.

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.