ESOP · DOL Form 5500 · 2024

Highlands Bankshares, Inc. ESOP

Data updated 2026-08-25

$2M
Total assets Small plan by assets
112
Participants Small participant base
31st
Percentile by assets National rank
$20,374
Avg per participant Low balance/head
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Official DOL plan name: Highlands Bankshares, Inc. Employee Stock Ownership Plan · Sponsored by Highlands Bankshares, Inc. · West Virginia · Management of Enterprises

$2M in assets, 112 participants

Highlands Bankshares, Inc.'s Highlands Bankshares, Inc. Employee Stock Ownership Plan reported $2M in total assets and 112 participants in its 2024 DOL Form 5500 filing, ranking in the 31st 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.

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

Coverage in West Virginia

Highlands Bankshares, Inc. Employee Stock Ownership Plan covers 112 participants in West Virginia, about 24% of the average West Virginia filer (state average ~467 per filing). Assets: $2M.

#233
in Management of Enterprises (1,133 peers)
+14.6%
assets growth YoY

Highlands Bankshares, Inc. Employee Stock Ownership Plan among the smaller filed plans by assets

Highlands Bankshares, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$2,281,837 31st percentile higher than 31% 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

Highlands Bankshares, 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. Highlands Bankshares, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (112 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Highlands Bankshares, Inc. Employee Stock Ownership Plan reported net income rose from $18K in the plan year 2023 filing to $290K in the plan year 2024 filing.
  • Highlands Bankshares, Inc. Employee Stock Ownership Plan end-of-year assets rose from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 550650793 · Highlands Bankshares, Inc. PY 2024 · ESOP

Highlands Bankshares, Inc. Employee Stock Ownership Plan · $2M · 112 · 31st

  • TYPE $2M
  • TYPE 112
  • TYPE 31st
  • TYPE ESOP
  • TYPE near Civilworks Holdings, Inc. Employee Stock Ownership 401(k) Plan
  • TYPE ind #233

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 West Virginia →

Highlands Bankshares, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Highlands Bankshares, Inc. Employee Stock Ownership PlanHighlands Bankshares, Inc. E…$2MCivilworks Holdings, Inc. Employee Stock Ownership 401(k) PlanCivilworks Holdings, Inc. Em…$2MErie Industrial Supply Company Employee Stock Ownership PlanErie Industrial Supply Compa…$2MH & C Tool Supply Corp. Employee Stock Ownership PlanH & C Tool Supply Corp. Empl…$2MRiverview Bancorp, Inc. Employee Stock Ownership PlanRiverview Bancorp, Inc. Empl…$2M
End-of-year total assets ($M) among Highlands Bankshares, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

West Virginia filing particulars

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$2M
Net Income$290K
Employer EIN550650793
Plan Effective Date1995-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Highlands Bankshares, Inc.)

Sponsor-wide plan assets over time

All Highlands Bankshares, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$2M 15.593174145805724% vs 2022
2024 filing year
$1.9M$2M$2.1M$2.2M$2.3M$2.4M 202220232024 $1.97M $2.28M ▲ +15.7%
Year Plans Participants Total Assets
2022 1 110 $2M
2023 1 113 $2M
2024 1 112 $2M

Nearby ESOP Plans in West Virginia

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

Highlands Bankshares, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in West Virginia, assets vs. participants Scatter plot of 6 data points. -5000500100015002000 -50050100 Total assets ($M) Participants Highlands Bankshares, Inc. Employee Stock Ownership Plan, Total assets ($M): 2.281837 · Participants: 112Highlands Bankshares, Inc. Employee Stock Ownership PlanTriton Employee Stock Ownership Plan, Total assets ($M): 93.389639 · Participants: 75Triton Employee Stock Ownership PlanMulberry's Independent Home Services, Inc. Employee Stock Ownership Plan, Total assets ($M): 53.163418 · Participants: 1687Mulberry's Independent Home Services, Inc. Employee Stock Ownership PlanPort Amherst, Ltd. Employee Stock Ownership Plan, Total assets ($M): 53.022733 · Participants: 329Port Amherst, Ltd. Employee Stock Ownership PlanWeirton Geriatric Center, Inc. Employees' Stock Ownership Plan, Total assets ($M): 31.800877 · Participants: 157Weirton Geriatric Center, Inc. Employees' Stock Ownership PlanBrewer & Company of West Virginia, Inc. Employee Stock Ownership Plan, Total assets ($M): 19.394793 · Participants: 55Brewer & Company of West Virginia, Inc. Employee Stock Ownership Plan
Highlands Bankshares, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in West Virginia, assets vs. participants
Compare Highlands Bankshares, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Highlands Bankshares, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside West Virginia, the nearest ESOP by assets is Civilworks Holdings, Inc. Employee Stock Ownership 401(k) Plan in NH ($2M); by covered participants it is R. W. Dake & Co., Inc. Employee Stock Ownership Plan in NY (112 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (112 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 Highlands Bankshares, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Highlands Bankshares, Inc. Employee Stock Ownership Plan grew at a solid clip - up 14.6% during 2024, from $2M to $2M. Reported net income was $290K.
How have Highlands Bankshares, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Highlands Bankshares, Inc.'s sponsor-wide assets grew 15.6%, from $2M to $2M.
Which ESOP plans are similar in size to Highlands Bankshares, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Civilworks Holdings, Inc. Employee Stock Ownership 401(k) Plan in NH ($2M, 23 participants).
Which ESOP plans cover a similar participant headcount to Highlands Bankshares, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is R. W. Dake & Co., Inc. Employee Stock Ownership Plan in NY (112 participants, $8M 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 550650793.

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.