ESOP · DOL Form 5500 · 2024

1st State Financial, Ltd. ESOP

Data updated 2026-08-25

$1M
Total assets Small plan by assets
68
Participants Small participant base
26th
Percentile by assets National rank
$21,790
Avg per participant Low balance/head
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Official DOL plan name: 1st State Financial, Ltd Employee Stock Ownership Plan · Sponsored by 1st State Financial, Ltd. · Michigan · Finance & Insurance

$1M in assets, 68 participants

1st State Financial, Ltd.'s 1st State Financial, Ltd Employee Stock Ownership Plan reported $1M in total assets and 68 participants in its 2024 DOL Form 5500 filing, ranking in the 26th 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.

  • #1,381 in Finance & Insurance (8,549 peers)

1st State Financial, Ltd. multi-year trail

1st State Financial, Ltd.'s plans moved +47.5% in assets from 2022 to 2024; this filing shows 1st State Financial, Ltd Employee Stock Ownership Plan at $1M / 68 participants.

#1,381
in Finance & Insurance (8,549 peers)
+23.7%
assets growth YoY

1st State Financial, Ltd Employee Stock Ownership Plan among the smaller filed plans by assets

1st State Financial, Ltd Employee Stock Ownership Plan vs every filed plan by assets

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

$1,481,705 26th percentile higher than 26% 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

1st State Financial, Ltd Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. 1st State Financial, Ltd Employee Stock Ownership Plan is a small filing (68 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • 1st State Financial, Ltd Employee Stock Ownership Plan reported net income rose from $193K in the plan year 2023 filing to $284K in the plan year 2024 filing.
  • 1st State Financial, Ltd Employee Stock Ownership Plan end-of-year assets rose from $1M in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • 1st State Financial, Ltd Employee Stock Ownership Plan reported participants rose from 67 in the plan year 2023 filing to 68 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 450524084 · 1st State Financial, Ltd. PY 2024 · ESOP

1st State Financial, Ltd Employee Stock Ownership Plan · $1M · 68 · 26th

  • RANK $1M
  • RANK 68
  • RANK 26th
  • RANK ESOP
  • RANK near Geotechnologies, Inc. Employee Stock Ownership Plan
  • RANK ind #1381

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 Michigan →

1st State Financial, Ltd Employee Stock Ownership Plan in the asset neighbourhood

Feingold & Feingold Insurance Agency Inc. Employee Stock Ownership PlanFeingold & Feingold Insuranc…$1M1st State Financial, Ltd Employee Stock Ownership Plan1st State Financial, Ltd Emp…$1MGeotechnologies, Inc. Employee Stock Ownership PlanGeotechnologies, Inc. Employ…$1MAdelante Consulting, Inc. Employee Stock Ownership PlanAdelante Consulting, Inc. Em…$1MAmbac International Corporation Employee Stock Ownership PlanAmbac International Corporat…$1M
End-of-year total assets ($M) among 1st State Financial, Ltd Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

1st State Financial, Ltd. multi-year asset trail

Sponsor-wide plan assets over time

All 1st State Financial, Ltd. plans reported in each filing year

Latest sponsor-wide plan assets
$1M 47.482347367184715% vs 2022
2024 filing year
$0.8M$1M$1.2M$1.4M$1.6M 202220232024 $1M $1.48M ▲ +48.0%
Year Plans Participants Total Assets
2022 1 63 $1M
2023 1 67 $1M
2024 1 68 $1M

1st State Financial, Ltd. filing trail (2024)

Total Assets (Beginning of Year)$1M
Net Assets (End of Year)$1M
Net Income$284K
Employer EIN450524084
Plan Effective Date2015-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Michigan

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

1st State Financial, Ltd Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants Scatter plot of 6 data points. -50005001000150020002500 -0.500.511.52 Total assets ($B) Participants 1st State Financial, Ltd Employee Stock Ownership Plan, Total assets ($B): 0.001481705 · Participants: 681st State Financial, Ltd Employee Stock Ownership PlanMcnaughton-Mckay Electric Company Employee Stock Ownership Plan, Total assets ($B): 1.551258212 · Participants: 1780Mcnaughton-Mckay Electric Company Employee Stock Ownership PlanThe Kendall Group Employee Stock Ownership Plan, Total assets ($B): 0.899849551 · Participants: 1936The Kendall Group Employee Stock Ownership PlanProject Worldwide, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.452711138 · Participants: 1284Project Worldwide, Inc. Employee Stock Ownership PlanMotor City Electric Co. Employee Stock Ownership Plan, Total assets ($B): 0.410252812 · Participants: 218Motor City Electric Co. Employee Stock Ownership PlanLee Contracting, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.250474411 · Participants: 565Lee Contracting, Inc. Employee Stock Ownership Plan
1st State Financial, Ltd Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare 1st State Financial, Ltd Employee Stock Ownership Plan side-by-side with 3 peers →

1st State Financial, Ltd Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Michigan, the nearest ESOP by assets is Geotechnologies, Inc. Employee Stock Ownership Plan in CA ($1M); by covered participants it is First Commercial Financial Corp. Employee Stock Ownership Plan in TX (68 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (68 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 1st State Financial, Ltd Employee Stock Ownership Plan assets move in 2024? ▼
1st State Financial, Ltd Employee Stock Ownership Plan grew sharply - up 23.7% during 2024, from $1M to $1M. Reported net income was $284K.
How have 1st State Financial, Ltd. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), 1st State Financial, Ltd.'s sponsor-wide assets grew 47.5%, from $1M to $1M.
Which ESOP plans are similar in size to 1st State Financial, Ltd Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Geotechnologies, Inc. Employee Stock Ownership Plan in CA ($1M, 22 participants).
Which ESOP plans cover a similar participant headcount to 1st State Financial, Ltd Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is First Commercial Financial Corp. Employee Stock Ownership Plan in TX (68 participants, $11M 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 450524084.

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.