ESOP · DOL Form 5500 · 2023

First Hope Bancorp ESOP

Data updated 2026-08-25

$2M
Total assets Small plan by assets
93
Participants Small participant base
28th
Percentile by assets National rank
$16,875
Avg per participant Low balance/head
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Official DOL plan name: First Hope Bancorp Employee Stock Ownership Plan · Sponsored by First Hope Bancorp · New Jersey · Finance & Insurance

$2M in assets, 93 participants

First Hope Bancorp's First Hope Bancorp Employee Stock Ownership Plan reported $2M in total assets and 93 participants in its 2023 DOL Form 5500 filing, ranking in the 28th 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.

  • #1,650 in Finance & Insurance (8,869 peers)

What the 2023 filing shows

First Hope Bancorp Employee Stock Ownership Plan holds $2M for 93 participants - about $16,875 per participant, in the lower half of filed plans by assets.

#1,650
in Finance & Insurance (8,869 peers)
-3.8%
assets change YoY

The plan reported a net loss of $62K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

First Hope Bancorp Employee Stock Ownership Plan among the smaller filed plans by assets

First Hope Bancorp Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$1,569,360 28th percentile higher than 28% of 127,068 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 2023

First Hope Bancorp Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Hope Bancorp Employee Stock Ownership Plan is a small filing (93 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First Hope Bancorp Employee Stock Ownership Plan reported net income fell from -$13K in the plan year 2022 filing to -$62K in the plan year 2023 filing.
  • First Hope Bancorp Employee Stock Ownership Plan end-of-year assets fell from $2M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • First Hope Bancorp Employee Stock Ownership Plan reported participants rose from 92 in the plan year 2022 filing to 93 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 223079560 · First Hope Bancorp PY 2023 · ESOP

First Hope Bancorp Employee Stock Ownership Plan · $2M · 93 · 28th

  • VS-ST $2M
  • VS-ST 93
  • VS-ST 28th
  • VS-ST ESOP
  • VS-ST near Aga Distribution Specialists, Inc. Employee Stock Ownership Plan
  • VS-ST ind #1650

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 Jersey →

First Hope Bancorp Employee Stock Ownership Plan in the asset neighbourhood

First Hope Bancorp Employee Stock Ownership PlanFirst Hope Bancorp Employee …$2MAga Distribution Specialists, Inc. Employee Stock Ownership PlanAga Distribution Specialists…$2MTabard Corporation Employee Stock Ownership PlanTabard Corporation Employee …$2MSbbnet/Loanbright.Com Employee Stock Ownership PlanSbbnet/Loanbright.Com Employ…$2MEmerson Management Company ESOPEmerson Management Company E…$2M
End-of-year total assets ($M) among First Hope Bancorp Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Filing particulars (2023)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$2M
Net Income-$62K
Employer EIN223079560
Plan Effective Date2010-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Hope Bancorp)

Sponsor-wide plan assets over time

All First Hope Bancorp plans reported in each filing year

Latest sponsor-wide plan assets
$2M 4.0450945457622085% vs 2022
2024 filing year
$1.55M$1.6M$1.65M$1.7M$1.75M 202220232024 $1.63M $1.7M ▲ +4.3%
Year Plans Participants Total Assets
2022 1 92 $2M
2023 1 93 $2M
2024 1 87 $2M

Nearby ESOP Plans in New Jersey

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

First Hope Bancorp Employee Stock Ownership Plan vs. nearby ESOP plans in New Jersey, assets vs. participants Scatter plot of 6 data points. 0500100015002000 -1000100200300400500 Total assets ($M) Participants First Hope Bancorp Employee Stock Ownership Plan, Total assets ($M): 1.56936 · Participants: 93First Hope Bancorp Employee Stock Ownership PlanOkonite Company Employees Stock Ownership Plan, Total assets ($M): 420.904787 · Participants: 1127Okonite Company Employees Stock Ownership PlanMathematica Group Holding Inc. Employee Stock Ownership Plan, Total assets ($M): 309.109417 · Participants: 1571Mathematica Group Holding Inc. Employee Stock Ownership PlanConair LLC Savings and Investment Plan, Total assets ($M): 300.696739 · Participants: 1050Conair LLC Savings and Investment PlanAmboy Bancorporation Employee Stock Ownership Plan, Total assets ($M): 106.542135 · Participants: 193Amboy Bancorporation Employee Stock Ownership PlanColumbia Bank Employee Stock Ownership Plan, Total assets ($M): 85.571031 · Participants: 729Columbia Bank Employee Stock Ownership Plan
First Hope Bancorp Employee Stock Ownership Plan vs. nearby ESOP plans in New Jersey, assets vs. participants
Compare First Hope Bancorp Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside New Jersey, the nearest ESOP by assets is Aga Distribution Specialists, Inc. Employee Stock Ownership Plan in OR ($2M); by covered participants it is Twin Mro Employee Stock Ownership Plan in CT (93 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (93 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did First Hope Bancorp Employee Stock Ownership Plan assets move in 2023? ▼
First Hope Bancorp Employee Stock Ownership Plan edged down modestly - down 3.8% during 2023, from $2M to $2M. Reported net income was -$62K.
How have First Hope Bancorp plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Hope Bancorp's sponsor-wide assets grew 4.0%, from $2M to $2M.
Which ESOP plans are similar in size to First Hope Bancorp Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Aga Distribution Specialists, Inc. Employee Stock Ownership Plan in OR ($2M, 19 participants).
Which ESOP plans cover a similar participant headcount to First Hope Bancorp Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Twin Mro Employee Stock Ownership Plan in CT (93 participants, $83M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 223079560.

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.