ESOP · DOL Form 5500 · 2024

Spring Bancorp, Inc. ESOP

Data updated 2026-08-25

$4M
Total assets Small plan by assets
367
Participants Below avg headcount
39th
Percentile by assets National rank
$11,531
Avg per participant Low balance/head
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Official DOL plan name: Bank of Springfield Employee Stock Ownership Plan · Sponsored by Spring Bancorp, Inc. · Illinois · Finance & Insurance

$4M in assets, 367 participants

Spring Bancorp, Inc.'s Bank of Springfield Employee Stock Ownership Plan reported $4M in total assets and 367 participants in its 2024 DOL Form 5500 filing, ranking in the 39th 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.

  • #2,232 in Finance & Insurance (8,549 peers)

Coverage in Illinois

Bank of Springfield Employee Stock Ownership Plan covers 367 participants in Illinois, about 47% of the average Illinois filer (state average ~779 per filing). Assets: $4M.

#2,232
in Finance & Insurance (8,549 peers)
+43.2%
assets growth YoY

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

Bank of Springfield Employee Stock Ownership Plan vs every filed plan by assets

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

$4,232,043 39th percentile higher than 39% 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

Bank of Springfield Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bank of Springfield Employee Stock Ownership Plan sits mid-pack in the medium band (367 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Bank of Springfield Employee Stock Ownership Plan end-of-year assets rose from $3M in the plan year 2023 filing to $4M in the plan year 2024 filing.
  • Bank of Springfield Employee Stock Ownership Plan reported net income rose from $989K in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • Bank of Springfield Employee Stock Ownership Plan reported participants rose from 319 in the plan year 2023 filing to 367 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 371224470 · Spring Bancorp, Inc. PY 2024 · ESOP

Bank of Springfield Employee Stock Ownership Plan · $4M · 367 · 39th

  • NET $4M
  • NET 367
  • NET 39th
  • NET ESOP
  • NET near Pacific Science & Engineering Group, Inc Employee Stock Ownership Plan
  • NET ind #2232

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 Illinois →

Bank of Springfield Employee Stock Ownership Plan in the asset neighbourhood

Spectral Sciences, Inc. Employee Stock Ownership PlanSpectral Sciences, Inc. Empl…$4MBank of Springfield Employee Stock Ownership PlanBank of Springfield Employee…$4MPacific Science & Engineering Group, Inc Employee Stock Ownership PlanPacific Science & Engineerin…$4MKegman Inc Employee Stock Ownership PlanKegman Inc Employee Stock Ow…$4MInterior Systems, Inc. Employee Stock Ownership PlanInterior Systems, Inc. Emplo…$4M
End-of-year total assets ($M) among Bank of Springfield Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Illinois filing particulars

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$4M
Net Income$1M
Employer EIN371224470
Plan Effective Date2021-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Spring Bancorp, Inc.)

Sponsor-wide plan assets over time

All Spring Bancorp, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$4M 115.27528454250651% vs 2022
2024 filing year
$1M$2M$3M$4M$5M 202220232024 $1.97M $4.23M ▲ +114.7%
Year Plans Participants Total Assets
2022 1 318 $2M
2023 1 319 $3M
2024 1 367 $4M

Nearby ESOP Plans in Illinois

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

Bank of Springfield Employee Stock Ownership Plan vs. nearby ESOP plans in Illinois, assets vs. participants Scatter plot of 6 data points. -20000200040006000800010000 -101234 Total assets ($B) Participants Bank of Springfield Employee Stock Ownership Plan, Total assets ($B): 0.004232043 · Participants: 367Bank of Springfield Employee Stock Ownership PlanAmsted Industries Incorporated Employees' Stock Ownership Plan, Total assets ($B): 3.699095694 · Participants: 4909Amsted Industries Incorporated Employees' Stock Ownership PlanKehe Distributors, Inc. Employee Stock Ownership Plan, Total assets ($B): 2.165348047 · Participants: 4815Kehe Distributors, Inc. Employee Stock Ownership PlanScot Forge Company Employee Stock Ownership Plan, Total assets ($B): 1.429776889 · Participants: 491Scot Forge Company Employee Stock Ownership PlanBdo USA Employee Stock Ownership Plan, Total assets ($B): 1.0622005 · Participants: 9258Bdo USA Employee Stock Ownership PlanShorr Paper Products, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.430213996 · Participants: 543Shorr Paper Products, Inc. Employee Stock Ownership Plan
Bank of Springfield Employee Stock Ownership Plan vs. nearby ESOP plans in Illinois, assets vs. participants
Compare Bank of Springfield Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Illinois, the nearest ESOP by assets is Pacific Science & Engineering Group, Inc Employee Stock Ownership Plan in CA ($4M); by covered participants it is Artiflex Manufacturing, Inc. Employee Stock Ownership Plan in MI (367 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (367 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 Bank of Springfield Employee Stock Ownership Plan assets move in 2024? ▼
Bank of Springfield Employee Stock Ownership Plan surged - up 43.2% during 2024, from $3M to $4M. Reported net income was $1M.
How have Spring Bancorp, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Spring Bancorp, Inc.'s sponsor-wide assets grew 115.3%, from $2M to $4M.
Which ESOP plans are similar in size to Bank of Springfield Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Pacific Science & Engineering Group, Inc Employee Stock Ownership Plan in CA ($4M, 50 participants).
Which ESOP plans cover a similar participant headcount to Bank of Springfield Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Artiflex Manufacturing, Inc. Employee Stock Ownership Plan in MI (367 participants, $39M 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 371224470.

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.