ESOP · DOL Form 5500 · 2024

Thumb Bank & Trust ESOP

Data updated 2026-08-25

$10M
Total assets Small plan by assets
99
Participants Small participant base
57th
Percentile by assets National rank
$105,464
Avg per participant Below avg balance/head
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Official DOL plan name: Thumb Bancorp, Inc. Employee Stock Ownership Plan · Sponsored by Thumb Bank & Trust · Michigan · Finance & Insurance

$10M in assets, 99 participants

Thumb Bank & Trust's Thumb Bancorp, Inc. Employee Stock Ownership Plan reported $10M in total assets and 99 participants in its 2024 DOL Form 5500 filing, ranking in the 57th 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.

  • #3,470 in Finance & Insurance (8,549 peers)

Thumb Bank & Trust multi-year trail

Thumb Bank & Trust's plans moved +20.1% in assets from 2022 to 2024; this filing shows Thumb Bancorp, Inc. Employee Stock Ownership Plan at $10M / 99 participants.

#3,470
in Finance & Insurance (8,549 peers)
+7.4%
assets growth YoY

Thumb Bancorp, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Thumb Bancorp, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$10,440,941 Top 43% higher than 57% 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

Thumb Bancorp, Inc. 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. Thumb Bancorp, Inc. Employee Stock Ownership Plan is a small filing (99 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Thumb Bancorp, Inc. Employee Stock Ownership Plan reported net income rose from -$778K in the plan year 2023 filing to $179K in the plan year 2024 filing.
  • Thumb Bancorp, Inc. Employee Stock Ownership Plan end-of-year assets rose from $10M in the plan year 2023 filing to $10M in the plan year 2024 filing.
  • Thumb Bancorp, Inc. Employee Stock Ownership Plan reported participants rose from 98 in the plan year 2023 filing to 99 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 380929290 · Thumb Bank & Trust PY 2024 · ESOP

Thumb Bancorp, Inc. Employee Stock Ownership Plan · $10M · 99 · 57th

  • IND $10M
  • IND 99
  • IND 57th
  • IND ESOP
  • IND near Ares Holding Corporation Employee Stock Ownership Plan
  • IND ind #3470

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 →

Thumb Bancorp, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Ares Holding Corporation Employee Stock Ownership PlanAres Holding Corporation Emp…$10MGt Distributors, Inc. Employee Stock Ownership PlanGt Distributors, Inc. Employ…$10MDirect Path Corporation Employee Stock Ownership PlanDirect Path Corporation Empl…$10MThumb Bancorp, Inc. Employee Stock Ownership PlanThumb Bancorp, Inc. Employee…$10MCatcon, Inc. Employee Stock Ownership PlanCatcon, Inc. Employee Stock …$10M
End-of-year total assets ($M) among Thumb Bancorp, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Thumb Bank & Trust multi-year asset trail

Sponsor-wide plan assets over time

All Thumb Bank & Trust plans reported in each filing year

Latest sponsor-wide plan assets
$25M 20.099677378379578% vs 2022
2024 filing year
$20M$22M$24M$26M 202220232024 $20.5M $24.6M ▲ +20.1%
Year Plans Participants Total Assets
2022 2 153 $20M
2023 2 177 $22M
2024 2 210 $25M

Thumb Bank & Trust filing trail (2024)

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$10M
Net Income$179K
Employer EIN380929290
Plan Effective Date1982-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Michigan

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

Thumb Bancorp, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants Scatter plot of 6 data points. 05001000150020002500 -0.500.511.52 Total assets ($B) Participants Thumb Bancorp, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.010440941 · Participants: 99Thumb Bancorp, Inc. 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
Thumb Bancorp, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Thumb Bancorp, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Michigan, the nearest ESOP by assets is Ares Holding Corporation Employee Stock Ownership Plan in VA ($10M); by covered participants it is Keller, Schroeder & Associates, Inc. Employee Stock Ownership Plan in IN (99 participants). Same-state nearby plans are listed separately above.

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 Thumb Bancorp, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Thumb Bancorp, Inc. Employee Stock Ownership Plan grew at a solid clip - up 7.4% during 2024, from $10M to $10M. Reported net income was $179K.
How have Thumb Bank & Trust plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Thumb Bank & Trust's sponsor-wide assets grew 20.1%, from $20M to $25M.
Which ESOP plans are similar in size to Thumb Bancorp, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Ares Holding Corporation Employee Stock Ownership Plan in VA ($10M, 307 participants).
Which ESOP plans cover a similar participant headcount to Thumb Bancorp, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Keller, Schroeder & Associates, Inc. Employee Stock Ownership Plan in IN (99 participants, $38M 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 380929290.

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.