ESOP · DOL Form 5500 · 2024

Tri-County Bank ESOP

Data updated 2026-08-25

$11M
Total assets Small plan by assets
69
Participants Small participant base
58th
Percentile by assets National rank
$163,739
Avg per participant Above avg balance/head
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Official DOL plan name: Tri-County Bank Employee Stock Ownership Plan · Sponsored by Tri-County Bank · Michigan · Finance & Insurance

$11M in assets, 69 participants

Tri-County Bank's Tri-County Bank Employee Stock Ownership Plan reported $11M in total assets and 69 participants in its 2024 DOL Form 5500 filing, ranking in the 58th 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.

  • #3,615 in Finance & Insurance (8,549 peers)

Tri-County Bank multi-year trail

Tri-County Bank's plans moved +11.8% in assets from 2022 to 2024; this filing shows Tri-County Bank Employee Stock Ownership Plan at $11M / 69 participants.

#3,615
in Finance & Insurance (8,549 peers)
+11.7%
assets growth YoY

Tri-County Bank Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Tri-County Bank Employee Stock Ownership Plan vs every filed plan by assets

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

$11,297,978 Top 42% higher than 58% 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

Tri-County Bank 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. Tri-County Bank Employee Stock Ownership Plan is a small filing (69 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Tri-County Bank Employee Stock Ownership Plan reported net income rose from $10K in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • Tri-County Bank Employee Stock Ownership Plan end-of-year assets rose from $10M in the plan year 2023 filing to $11M in the plan year 2024 filing.
  • Tri-County Bank Employee Stock Ownership Plan reported participants fell from 70 in the plan year 2023 filing to 69 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 380377226 · Tri-County Bank PY 2024 · ESOP

Tri-County Bank Employee Stock Ownership Plan · $11M · 69 · 58th

  • EIN $11M
  • RANK 69
  • PHOTO 58th
  • IND ESOP
  • EOY near Southwest Automated Security Inc Employee Stock Ownership Plan
  • 5500 ind #3615

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 →

Tri-County Bank Employee Stock Ownership Plan in the asset neighbourhood

859 US Employee Stock Ownership Plan859 US Employee Stock Owners…$11MTri-County Bank Employee Stock Ownership PlanTri-County Bank Employee Sto…$11MSouthwest Automated Security Inc Employee Stock Ownership PlanSouthwest Automated Security…$11MNew Holland Church Furniture Employee Stock Ownership PlanNew Holland Church Furniture…$11MAcme Rigging Company, Inc. Employee Stock Ownership PlanAcme Rigging Company, Inc. E…$11M
End-of-year total assets ($M) among Tri-County Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Tri-County Bank multi-year asset trail

Sponsor-wide plan assets over time

All Tri-County Bank plans reported in each filing year

Latest sponsor-wide plan assets
$11M 11.781935952526323% vs 2022
2024 filing year
$9.5M$10M$10.5M$11M$11.5M 202220232024 $10.1M $11.3M ▲ +11.8%
Year Plans Participants Total Assets
2022 1 65 $10M
2023 1 70 $10M
2024 1 69 $11M

Tri-County Bank filing trail (2024)

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$11M
Net Income$1M
Employer EIN380377226
Plan Effective Date1986-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Michigan

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

Tri-County Bank 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 ($B) Participants Tri-County Bank Employee Stock Ownership Plan, Total assets ($B): 0.011297978 · Participants: 69Tri-County Bank 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
Tri-County Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants

Tri-County Bank Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Michigan, the nearest ESOP by assets is Southwest Automated Security Inc Employee Stock Ownership Plan in TX ($11M); by covered participants it is R. C. Lurie Company, Inc. Employee Stock Ownership Plan in AZ (69 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 Tri-County Bank Employee Stock Ownership Plan assets move in 2024?
Tri-County Bank Employee Stock Ownership Plan grew at a solid clip - up 11.7% during 2024, from $10M to $11M. Reported net income was $1M.
How have Tri-County Bank plan assets changed over time?
Across 3 plan years on file (2022-2024), Tri-County Bank's sponsor-wide assets grew 11.8%, from $10M to $11M.
Which ESOP plans are similar in size to Tri-County Bank Employee Stock Ownership Plan?
Among ESOP plans in other states, the closest by assets is Southwest Automated Security Inc Employee Stock Ownership Plan in TX ($11M, 96 participants).
Which ESOP plans cover a similar participant headcount to Tri-County Bank Employee Stock Ownership Plan?
Among ESOP plans in other states, the closest by covered participants is R. C. Lurie Company, Inc. Employee Stock Ownership Plan in AZ (69 participants, $103M in assets).