ESOP · DOL Form 5500 · 2024

Main Banc, Inc. ESOP

Data updated 2026-08-25

$6M
Total assets Small plan by assets
14
Participants Small participant base
45th
Percentile by assets National rank
$414,027
Avg per participant High balance/head
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Official DOL plan name: Main Banc, Inc. Employee Stock Ownership Plan · Sponsored by Main Banc, Inc. · New Mexico · Finance & Insurance

$6M in assets, 14 participants

Main Banc, Inc.'s Main Banc, Inc. Employee Stock Ownership Plan reported $6M in total assets and 14 participants in its 2024 DOL Form 5500 filing, ranking in the 45th 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.

  • #2,596 in Finance & Insurance (8,549 peers)

2024 asset change

Main Banc, Inc. Employee Stock Ownership Plan grew at a solid clip 13.9% in 2024 ($5M → $6M) for 14 participants.

#2,596
in Finance & Insurance (8,549 peers)
+13.9%
assets growth YoY

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

Main Banc, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$5,796,379 45th percentile higher than 45% 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

Main Banc, 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. Main Banc, Inc. Employee Stock Ownership Plan is a small filing (14 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Main Banc, Inc. Employee Stock Ownership Plan reported net income rose from -$300K in the plan year 2023 filing to $706K in the plan year 2024 filing.
  • Main Banc, Inc. Employee Stock Ownership Plan end-of-year assets rose from $5M in the plan year 2023 filing to $6M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 202183667 · Main Banc, Inc. PY 2024 · ESOP

Main Banc, Inc. Employee Stock Ownership Plan · $6M · 14 · 45th

  • PHOTO $6M
  • IND 14
  • EOY 45th
  • 5500 ESOP
  • ASSETS near The Doyle & Associates Employee Stock Ownership Plan
  • PCT ind #2596

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 New Mexico →

Main Banc, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Aloha Shoyu Company, Limited Employee Stock Ownership PlanAloha Shoyu Company, Limited…$6MMain Banc, Inc. Employee Stock Ownership PlanMain Banc, Inc. Employee Sto…$6MDekra-Lite Industries Employee Stock Ownership PlanDekra-Lite Industries Employ…$6MThe Doyle & Associates Employee Stock Ownership PlanThe Doyle & Associates Emplo…$6MHughes-Anderson Employee Stock Ownership PlanHughes-Anderson Employee Sto…$6M
End-of-year total assets ($M) among Main Banc, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Main Banc, Inc. years around the 2024 move

Sponsor-wide plan assets over time

All Main Banc, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$6M 7.5350300840929805% vs 2022
2024 filing year
$5M$5.5M$6M 202220232024 $5.39M $5.8M ▲ +7.6%
Year Plans Participants Total Assets
2022 1 15 $5M
2023 1 14 $5M
2024 1 14 $6M

2024 asset-move particulars

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$6M
Net Income$706K
Employer EIN202183667
Plan Effective Date2005-09-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in New Mexico

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

Main Banc, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in New Mexico, assets vs. participants Scatter plot of 6 data points. -50005001000150020002500 -2000200400600800 Total assets ($M) Participants Main Banc, Inc. Employee Stock Ownership Plan, Total assets ($M): 5.796379 · Participants: 14Main Banc, Inc. Employee Stock Ownership PlanEmployee Stock Ownership Plan of Applied Research Associates, Inc., Total assets ($M): 610.607866 · Participants: 2198Employee Stock Ownership Plan of Applied Research Associates, Inc.Ppic Employee Stock Ownership Plan, Total assets ($M): 49.01038 · Participants: 111Ppic Employee Stock Ownership PlanCommerce Bancshares of Roswell, Inc. Employee Stock Ownership Plan, Total assets ($M): 27.569071 · Participants: 18Commerce Bancshares of Roswell, Inc. Employee Stock Ownership PlanCitizens Bank Employee Stock Ownership and Retirement Savings Plan, Total assets ($M): 23.962536 · Participants: 90Citizens Bank Employee Stock Ownership and Retirement Savings PlanJack B. Henderson Construction Company, Inc. Employee Stock Ownership Plan, Total assets ($M): 21.609312 · Participants: 118Jack B. Henderson Construction Company, Inc. Employee Stock Ownership Plan
Main Banc, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in New Mexico, assets vs. participants
Compare Main Banc, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside New Mexico, the nearest ESOP by assets is The Doyle & Associates Employee Stock Ownership Plan in FL ($6M); by covered participants it is Foods for Living, Inc. Employee Stock Ownership Plan and Trust in MI (14 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (14 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 Main Banc, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Main Banc, Inc. Employee Stock Ownership Plan grew at a solid clip - up 13.9% during 2024, from $5M to $6M. Reported net income was $706K.
How have Main Banc, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Main Banc, Inc.'s sponsor-wide assets grew 7.5%, from $5M to $6M.
Which ESOP plans are similar in size to Main Banc, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is The Doyle & Associates Employee Stock Ownership Plan in FL ($6M, 9 participants).
Which ESOP plans cover a similar participant headcount to Main Banc, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Foods for Living, Inc. Employee Stock Ownership Plan and Trust in MI (14 participants, N/A 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 202183667.

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.