ESOP · DOL Form 5500 · 2024
Altrust Financial Services, Inc. ESOP
Data updated 2026-08-11
- $40M
- Total assets
- 278
- Participants
- 81st
- Percentile by assets
- $143,106
- Avg per participant
Official DOL plan name: Altrust Financial Services, Inc. Employee Stock Ownership Plan · Sponsored by Altrust Financial Services, Inc. · Alabama · Finance & Insurance
$40M in assets, 278 participants
Altrust Financial Services, Inc.'s Altrust Financial Services, Inc. Employee Stock Ownership Plan reported $40M in total assets and 278 participants in its 2024 DOL Form 5500 filing, ranking in the 81st 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.
- 81st percentile by assets (of 123,622 plans)
- #6,081 in Finance & Insurance (8,549 peers)
Where Altrust Financial Services, Inc. Employee Stock Ownership Plan sits by assets
Altrust Financial Services, Inc. Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $40M for 278 participants (~$143,106/participant), up 18.5% in 2024.
- $40M
- total plan assets (2024 EOY)
- 278
- covered participants
- 81st
- percentile by assets (of 123,622 plans)
- $143,106
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Altrust Financial Services, Inc. Employee Stock Ownership Plan reported net income rose from $4M in the plan year 2023 filing to $6M in the plan year 2024 filing.
- Altrust Financial Services, Inc. Employee Stock Ownership Plan end-of-year assets rose from $34M in the plan year 2023 filing to $40M in the plan year 2024 filing.
Altrust Financial Services, Inc. Employee Stock Ownership Plan vs the 2024 asset distribution
By assets, Altrust Financial Services, Inc. Employee Stock Ownership Plan outranks 81% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.4x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $34M |
|---|---|
| Net Assets (End of Year) | $40M |
| Net Income | $6M |
| Employer EIN | 630923450 |
| Plan Effective Date | 1985-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Altrust Financial Services, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 541 | $36M |
| 2023 | 2 | 553 | $41M |
| 2024 | 2 | 560 | $49M |
Nearby ESOP Plans in Alabama
Peer ESOP plans, same state, same plan type, ranked by total assets.
Altrust Financial Services, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Alabama, assets vs. participants
- Starfish Holdings, Inc. Employee Stock Ownership Plan $515M · 1,644
- Inline Electric Employee Stock Ownership Plan $243M · 298
- Signature Homes Employee Stock Ownership Plan $225M · 125
- Radiance Technologies, Inc. Employee Stock Ownership Plan $195M · 1,041
- Employee Stock Ownership Plan for Employees of David Volkert and Associates, Inc. and Subsidiaries $182M · 958
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Altrust Financial Services, Inc. Employee Stock Ownership Plan by total assets, not by location.
Frequently Asked Questions
How did Altrust Financial Services, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
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Next read for Altrust Financial Services, Inc. Employe…
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Ways to act on Altrust Financial Services, Inc. Employee Stock Ownership Plan's numbers.
- By total assets, Altrust Financial Services, Inc. Employee Stock Ownership Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Alabama. Compare plans
- Altrust Financial Services, Inc.'s sponsor-wide assets have grown 38.4% since 2022 across 3 plan years on file. More Finance & Insurance plans