ESOP · DOL Form 5500 · 2023

SMARTBANK ESOP

Data updated 2026-08-25

$33K
Total assets Small plan by assets
N/A
Participants Small participant base
3rd
Percentile by assets National rank
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Official DOL plan name: Jo Ann Rains Employee Stock Ownership Plan · Sponsored by SMARTBANK · Tennessee · Finance & Insurance

$33K in assets, N/A participants

SMARTBANK's Jo Ann Rains Employee Stock Ownership Plan reported $33K in total assets and N/A participants in its 2023 DOL Form 5500 filing, ranking in the 3rd 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.

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

SMARTBANK multi-year trail

SMARTBANK's plans moved +43.5% in assets from 2022 to 2024; this filing shows Jo Ann Rains Employee Stock Ownership Plan at $33K / N/A participants.

#166
in Finance & Insurance (8,869 peers)
-35.6%
assets change YoY

The plan reported a net loss of $18K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Jo Ann Rains Employee Stock Ownership Plan among the smaller filed plans by assets

Jo Ann Rains Employee Stock Ownership Plan vs every filed plan by assets

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

$33,035 3rd percentile higher than 3% 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

Filed plans by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Jo Ann Rains Employee Stock Ownership Plan reported participants fell from 94 in the plan year 2022 filing to N/A in the plan year 2023 filing.
  • Jo Ann Rains Employee Stock Ownership Plan reported net income rose from -$1M in the plan year 2022 filing to -$18K in the plan year 2023 filing.
  • Jo Ann Rains Employee Stock Ownership Plan end-of-year assets fell from $51K in the plan year 2022 filing to $33K in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 204091629 · SMARTBANK PY 2023 · ESOP

Jo Ann Rains Employee Stock Ownership Plan · $33K · N/A · 3rd

  • TYPE $33K
  • TYPE N/A
  • TYPE 3rd
  • TYPE ESOP
  • TYPE near Diego Springs Holdings, Inc. Employee Stock Ownership and Profit Sharing Plan
  • TYPE ind #166

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 →

Jo Ann Rains Employee Stock Ownership Plan in the asset neighbourhood

Jo Ann Rains Employee Stock Ownership PlanJo Ann Rains Employee Stock …$33KDiego Springs Holdings, Inc. Employee Stock Ownership and Profit Sharing PlanDiego Springs Holdings, Inc.…$33KDrobs, Inc. Employee Stock Ownership PlanDrobs, Inc. Employee Stock O…$33KTax Management Associates Employee Stock Ownership PlanTax Management Associates Em…$33KDiablo Country Magazine, Inc. ESOPDiablo Country Magazine, Inc…$34K
End-of-year total assets ($M) among Jo Ann Rains Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

SMARTBANK multi-year asset trail

Sponsor-wide plan assets over time

All SMARTBANK plans reported in each filing year

Latest sponsor-wide plan assets
$57M 43.527139094055265% vs 2022
2024 filing year
$30M$40M$50M$60M 202220232024 $39.9M $57.3M ▲ +43.5%
Year Plans Participants Total Assets
2022 2 650 $40M
2023 2 592 $48M
2024 2 587 $57M

SMARTBANK filing trail (2023)

Total Assets (Beginning of Year)$51K
Net Assets (End of Year)$33K
Net Income-$18K
Employer EIN204091629
Plan Effective Date2008-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Tennessee

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

Jo Ann Rains Employee Stock Ownership Plan vs. nearby ESOP plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -5000500100015002000 -1000100200300400500 Total assets ($M) Participants Jo Ann Rains Employee Stock Ownership Plan, Total assets ($M): 0.033035 · Participants: 0Jo Ann Rains Employee Stock Ownership PlanBarr Brands International Amended and Restated Employee Stock Ownership Plan, Total assets ($M): 426.710102 · Participants: 401Barr Brands International Amended and Restated Employee Stock Ownership PlanZander Group Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 221.11771 · Participants: 190Zander Group Holdings, Inc. Employee Stock Ownership PlanNational Health Corp Leveraged Employee Stock Ownership Plan, Total assets ($M): 144.306423 · Participants: 1470National Health Corp Leveraged Employee Stock Ownership Plan3ls, Inc. Employee Stock Ownership Plan, Total assets ($M): 133.506002 · Participants: 4243ls, Inc. Employee Stock Ownership PlanSmith Seckman Reid, Inc. Employee Stock Ownership Plan, Total assets ($M): 99.459001 · Participants: 483Smith Seckman Reid, Inc. Employee Stock Ownership Plan
Jo Ann Rains Employee Stock Ownership Plan vs. nearby ESOP plans in Tennessee, assets vs. participants
Compare Jo Ann Rains Employee Stock Ownership Plan side-by-side with 3 peers →

Jo Ann Rains Employee Stock Ownership Plan's closest out-of-state ESOP peers by assets

Outside Tennessee, the nearest ESOP by end-of-year assets is Diego Springs Holdings, Inc. Employee Stock Ownership and Profit Sharing Plan in NV at $33K (this filing: $33K).

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 Jo Ann Rains Employee Stock Ownership Plan assets move in 2023? ▼
Jo Ann Rains Employee Stock Ownership Plan contracted severely - down 35.6% during 2023, from $51K to $33K. Reported net income was -$18K.
How have SMARTBANK plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), SMARTBANK's sponsor-wide assets grew 43.5%, from $40M to $57M.
Where does Jo Ann Rains Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Jo Ann Rains Employee Stock Ownership Plan ranks in the 3rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which ESOP plans are similar in size to Jo Ann Rains Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Diego Springs Holdings, Inc. Employee Stock Ownership and Profit Sharing Plan in NV ($33K, 12 participants).

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 204091629.

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.