ESOP · DOL Form 5500 · 2024

First Freedom Bancshares ESOP

Data updated 2026-08-25

$5M
Total assets Small plan by assets
65
Participants Small participant base
43rd
Percentile by assets National rank
$81,971
Avg per participant Below avg balance/head
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Official DOL plan name: First Freedom Bancshares Employee Stock Ownership Plan · Sponsored by First Freedom Bancshares · Tennessee · Finance & Insurance

$5M in assets, 65 participants

First Freedom Bancshares's First Freedom Bancshares Employee Stock Ownership Plan reported $5M in total assets and 65 participants in its 2024 DOL Form 5500 filing, ranking in the 43rd 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.

  • #2,490 in Finance & Insurance (8,549 peers)

What the 2024 filing shows

First Freedom Bancshares Employee Stock Ownership Plan holds $5M for 65 participants - about $81,971 per participant, in the lower half of filed plans by assets.

#2,490
in Finance & Insurance (8,549 peers)
+7.6%
assets growth YoY

First Freedom Bancshares Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

First Freedom Bancshares Employee Stock Ownership Plan vs every filed plan by assets

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

$5,328,107 43rd percentile higher than 43% 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

First Freedom Bancshares 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. First Freedom Bancshares Employee Stock Ownership Plan is a small filing (65 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First Freedom Bancshares Employee Stock Ownership Plan reported net income rose from -$22K in the plan year 2023 filing to $525K in the plan year 2024 filing.
  • First Freedom Bancshares Employee Stock Ownership Plan reported participants rose from 59 in the plan year 2023 filing to 65 in the plan year 2024 filing.
  • First Freedom Bancshares Employee Stock Ownership Plan end-of-year assets rose from $5M in the plan year 2023 filing to $5M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 263516509 · First Freedom Bancshares PY 2024 · ESOP

First Freedom Bancshares Employee Stock Ownership Plan · $5M · 65 · 43rd

  • BOOK $5M
  • VS-ST 65
  • BOY 43rd
  • SCH ESOP
  • EBSA near Midwest Transatlantic Lines, Inc. Employee Stock Ownership Plan
  • PART ind #2490

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 Tennessee →

First Freedom Bancshares Employee Stock Ownership Plan in the asset neighbourhood

First Freedom Bancshares Employee Stock Ownership PlanFirst Freedom Bancshares Emp…$5MMidwest Transatlantic Lines, Inc. Employee Stock Ownership PlanMidwest Transatlantic Lines,…$5MGeotex Construction Services, Inc. Employee Stock Ownership PlanGeotex Construction Services…$5MSymbria Inc. Employee Stock Ownership PlanSymbria Inc. Employee Stock …$5MResearch Diets, Inc. Employee Stock Ownership PlanResearch Diets, Inc. Employe…$5M
End-of-year total assets ($M) among First Freedom Bancshares Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Filing particulars (2024)

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$5M
Net Income$525K
Employer EIN263516509
Plan Effective Date2013-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Freedom Bancshares)

Sponsor-wide plan assets over time

All First Freedom Bancshares plans reported in each filing year

Latest sponsor-wide plan assets
$5M 9.87056237421228% vs 2022
2024 filing year
$4.8M$5M$5.2M$5.4M 202220232024 $4.85M $5.33M ▲ +9.9%
Year Plans Participants Total Assets
2022 1 56 $5M
2023 1 59 $5M
2024 1 65 $5M

Nearby ESOP Plans in Tennessee

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

First Freedom Bancshares Employee Stock Ownership Plan vs. nearby ESOP plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -500050010001500 -2000200400600 Total assets ($M) Participants First Freedom Bancshares Employee Stock Ownership Plan, Total assets ($M): 5.328107 · Participants: 65First Freedom Bancshares Employee Stock Ownership PlanBarr Brands International Amended and Restated Employee Stock Ownership Plan, Total assets ($M): 470.413823 · Participants: 403Barr Brands International Amended and Restated Employee Stock Ownership PlanZander Group Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 247.006343 · Participants: 201Zander Group Holdings, Inc. Employee Stock Ownership PlanNational Health Corp Leveraged Employee Stock Ownership Plan, Total assets ($M): 168.305927 · Participants: 1385National Health Corp Leveraged Employee Stock Ownership Plan3ls, Inc. Employee Stock Ownership Plan, Total assets ($M): 143.44577 · Participants: 5153ls, Inc. Employee Stock Ownership PlanSmith Seckman Reid, Inc. Employee Stock Ownership Plan, Total assets ($M): 116.245191 · Participants: 507Smith Seckman Reid, Inc. Employee Stock Ownership Plan
First Freedom Bancshares Employee Stock Ownership Plan vs. nearby ESOP plans in Tennessee, assets vs. participants
Compare First Freedom Bancshares Employee Stock Ownership Plan side-by-side with 3 peers →

First Freedom Bancshares Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Tennessee, the nearest ESOP by assets is Midwest Transatlantic Lines, Inc. Employee Stock Ownership Plan in OH ($5M); by covered participants it is Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan in NC (65 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (65 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 First Freedom Bancshares Employee Stock Ownership Plan assets move in 2024? ▼
First Freedom Bancshares Employee Stock Ownership Plan grew at a solid clip - up 7.6% during 2024, from $5M to $5M. Reported net income was $525K.
How have First Freedom Bancshares plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Freedom Bancshares's sponsor-wide assets grew 9.9%, from $5M to $5M.
Which ESOP plans are similar in size to First Freedom Bancshares Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Midwest Transatlantic Lines, Inc. Employee Stock Ownership Plan in OH ($5M, 56 participants).
Which ESOP plans cover a similar participant headcount to First Freedom Bancshares Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan in NC (65 participants, $23M 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 263516509.

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.