ESOP · DOL Form 5500 · 2024

Sound Financial Bancorp, Inc. ESOP

Data updated 2026-08-25

$10M
Total assets Small plan by assets
111
Participants Small participant base
56th
Percentile by assets National rank
$90,533
Avg per participant Below avg balance/head
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Official DOL plan name: Sound Financial Bancorp, Inc. Employee Stock Ownership Plan · Sponsored by Sound Financial Bancorp, Inc. · Washington · Management of Enterprises

$10M in assets, 111 participants

Sound Financial Bancorp, Inc.'s Sound Financial Bancorp, Inc. Employee Stock Ownership Plan reported $10M in total assets and 111 participants in its 2024 DOL Form 5500 filing, ranking in the 56th 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.

  • #449 in Management of Enterprises (1,133 peers)

Coverage in Washington

Sound Financial Bancorp, Inc. Employee Stock Ownership Plan covers 111 participants in Washington, about 8% of the average Washington filer (state average ~1,476 per filing). Assets: $10M.

#449
in Management of Enterprises (1,133 peers)
+40.6%
assets growth YoY

Sound Financial Bancorp, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Management of Enterprises and all filers

Sound Financial Bancorp, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$10,049,191 Top 44% higher than 56% 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

Sound Financial Bancorp, Inc. 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. Sound Financial Bancorp, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (111 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Sound Financial Bancorp, Inc. Employee Stock Ownership Plan reported net income rose from $660K in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Sound Financial Bancorp, Inc. Employee Stock Ownership Plan end-of-year assets rose from $7M in the plan year 2023 filing to $10M in the plan year 2024 filing.
  • Sound Financial Bancorp, Inc. Employee Stock Ownership Plan reported participants fell from 153 in the plan year 2023 filing to 111 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 910619653 · Sound Financial Bancorp, Inc. PY 2024 · ESOP

Sound Financial Bancorp, Inc. Employee Stock Ownership Plan · $10M · 111 · 56th

  • VS-ST $10M
  • BOY 111
  • SCH 56th
  • EBSA ESOP
  • PART near Bemidji Aviation Services, Inc. ESOP.
  • TYPE ind #449

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 Washington →

Sound Financial Bancorp, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Martin Painting & Coating Company Employee Stock Ownership PlanMartin Painting & Coating Co…$10MBemidji Aviation Services, Inc. ESOP.Bemidji Aviation Services, I…$10MMarshall Financial Group, Inc. Employee Stock Ownership PlanMarshall Financial Group, In…$10MSound Financial Bancorp, Inc. Employee Stock Ownership PlanSound Financial Bancorp, Inc…$10MBrewer Direct, Inc. Employee Stock Ownership PlanBrewer Direct, Inc. Employee…$10M
End-of-year total assets ($M) among Sound Financial Bancorp, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Washington filing particulars

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$10M
Net Income$3M
Employer EIN910619653
Plan Effective Date2008-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sound Financial Bancorp, Inc.)

Sponsor-wide plan assets over time

All Sound Financial Bancorp, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$25M 50.07078747220213% vs 2022
2024 filing year
$15M$20M$25M$30M 202220232024 $16.8M $25.2M ▲ +50.0%
Year Plans Participants Total Assets
2022 2 226 $17M
2023 2 295 $20M
2024 2 250 $25M

Nearby ESOP Plans in Washington

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

Sound Financial Bancorp, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Washington, assets vs. participants Scatter plot of 6 data points. -1000010002000300040005000 -101234 Total assets ($B) Participants Sound Financial Bancorp, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.010049191 · Participants: 111Sound Financial Bancorp, Inc. Employee Stock Ownership PlanSchweitzer Engineering Laboratories, Inc. Employee Stock Ownership Plan, Total assets ($B): 3.162915985 · Participants: 4281Schweitzer Engineering Laboratories, Inc. Employee Stock Ownership PlanTriple B Corporation Employee Stock Ownership Plan, Total assets ($B): 0.30805532 · Participants: 1238Triple B Corporation Employee Stock Ownership PlanManson Construction Co. Non-Craft Employee Stock Ownership Plan, Total assets ($B): 0.207396855 · Participants: 291Manson Construction Co. Non-Craft Employee Stock Ownership PlanParametrix, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.159192217 · Participants: 737Parametrix, Inc. Employee Stock Ownership PlanThe Plexsys Interface Products, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.097195017 · Participants: 184The Plexsys Interface Products, Inc. Employee Stock Ownership Plan
Sound Financial Bancorp, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Washington, assets vs. participants
Compare Sound Financial Bancorp, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Sound Financial Bancorp, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Washington, the nearest ESOP by assets is Bemidji Aviation Services, Inc. ESOP. in MN ($10M); by covered participants it is Progressive Bancorp, Inc. Employee Stock Ownership Plan in LA (111 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (111 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 Sound Financial Bancorp, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Sound Financial Bancorp, Inc. Employee Stock Ownership Plan surged - up 40.6% during 2024, from $7M to $10M. Reported net income was $3M.
How have Sound Financial Bancorp, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sound Financial Bancorp, Inc.'s sponsor-wide assets grew 50.1%, from $17M to $25M.
Which ESOP plans are similar in size to Sound Financial Bancorp, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Bemidji Aviation Services, Inc. ESOP. in MN ($10M, 66 participants).
Which ESOP plans cover a similar participant headcount to Sound Financial Bancorp, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Progressive Bancorp, Inc. Employee Stock Ownership Plan in LA (111 participants, $4M 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 910619653.

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.