ESOP · DOL Form 5500 · 2024

Cathay General Bancorp ESOP

Data updated 2026-08-25

$31M
Total assets Below avg plan size
89
Participants Small participant base
78th
Percentile by assets National rank
$343,839
Avg per participant High balance/head
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Official DOL plan name: Cathay Bank Employee Stock Ownership Plan · Sponsored by Cathay General Bancorp · California · Finance & Insurance

$31M in assets, 89 participants

Cathay General Bancorp's Cathay Bank Employee Stock Ownership Plan reported $31M in total assets and 89 participants in its 2024 DOL Form 5500 filing, ranking in the 78th 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.

  • #5,570 in Finance & Insurance (8,549 peers)

Where Cathay Bank Employee Stock Ownership Plan sits by assets

Cathay Bank Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $31M for 89 participants (~$343,839/participant), up 1.5% in 2024.

#5,570
in Finance & Insurance (8,549 peers)
+1.5%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Cathay Bank Employee Stock Ownership Plan's outsized position by total assets

Cathay Bank Employee Stock Ownership Plan vs every filed plan by assets

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

$30,601,636 Top 22% higher than 78% 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

Cathay 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. Cathay Bank Employee Stock Ownership Plan is a small filing (89 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Cathay Bank Employee Stock Ownership Plan reported net income fell from $1M in the plan year 2023 filing to $445K in the plan year 2024 filing.
  • Cathay Bank Employee Stock Ownership Plan reported participants fell from 97 in the plan year 2023 filing to 89 in the plan year 2024 filing.
  • Cathay Bank Employee Stock Ownership Plan end-of-year assets rose from $30M in the plan year 2023 filing to $31M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 954274680 · Cathay General Bancorp PY 2024 · ESOP

Cathay Bank Employee Stock Ownership Plan · $31M · 89 · 78th

  • PART $31M
  • PART 89
  • PART 78th
  • PART ESOP
  • PART near Ramey's Employee Stock Ownership Plan
  • PART ind #5570

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 California →

Cathay Bank Employee Stock Ownership Plan in the asset neighbourhood

Streimer Sheet Metal Works, Inc. Amended and Restated Employee Stock Ownership PlanStreimer Sheet Metal Works, …$31MRamey's Employee Stock Ownership PlanRamey's Employee Stock Owner…$31MCathay Bank Employee Stock Ownership PlanCathay Bank Employee Stock O…$31MMitchell/Martin Inc. Employee Stock Ownership PlanMitchell/Martin Inc. Employe…$31MPala Group, Inc. Employee Stock Ownership PlanPala Group, Inc. Employee St…$31M
End-of-year total assets ($M) among Cathay Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$30M
Net Assets (End of Year)$31M
Net Income$445K
Employer EIN954274680
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Cathay General Bancorp)

Sponsor-wide plan assets over time

All Cathay General Bancorp plans reported in each filing year

Latest sponsor-wide plan assets
$290M 31.446560290859704% vs 2022
2024 filing year
$200M$250M$300M 202220232024 $221M $290M ▲ +31.4%
Year Plans Participants Total Assets
2022 2 1,228 $221M
2023 2 1,217 $259M
2024 2 1,291 $290M

Nearby ESOP Plans in California

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

Cathay Bank Employee Stock Ownership Plan vs. nearby ESOP plans in California, assets vs. participants Scatter plot of 6 data points. -20000200040006000800010000 -20246 Total assets ($B) Participants Cathay Bank Employee Stock Ownership Plan, Total assets ($B): 0.030601636 · Participants: 89Cathay Bank Employee Stock Ownership PlanParsons Employee Stock Ownership Plan, Total assets ($B): 4.994512995 · Participants: 8040Parsons Employee Stock Ownership PlanAcco Employee Stock Ownership Plan, Total assets ($B): 1.694943363 · Participants: 1499Acco Employee Stock Ownership PlanRosendin Electric, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.538046697 · Participants: 1998Rosendin Electric, Inc. Employee Stock Ownership PlanEcc Employee Stock Ownership Plan, Total assets ($B): 0.632082376 · Participants: 317Ecc Employee Stock Ownership PlanAgron, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.596115632 · Participants: 68Agron, Inc. Employee Stock Ownership Plan
Cathay Bank Employee Stock Ownership Plan vs. nearby ESOP plans in California, assets vs. participants
Compare Cathay Bank Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside California, the nearest ESOP by assets is Ramey's Employee Stock Ownership Plan in MO ($31M); by covered participants it is Carpetland USA Milwaukee, Inc. Employee Stock Ownership Plan in WI (89 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (89 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 Cathay Bank Employee Stock Ownership Plan assets move in 2024? ▼
Cathay Bank Employee Stock Ownership Plan edged up modestly - up 1.5% during 2024, from $30M to $31M. Reported net income was $445K.
How have Cathay General Bancorp plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Cathay General Bancorp's sponsor-wide assets grew 31.4%, from $221M to $290M.
Where does Cathay Bank Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Cathay Bank Employee Stock Ownership Plan ranks in the 78th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Cathay Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Ramey's Employee Stock Ownership Plan in MO ($31M, 942 participants).
Which ESOP plans cover a similar participant headcount to Cathay Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Carpetland USA Milwaukee, Inc. Employee Stock Ownership Plan in WI (89 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 954274680.

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.