ESOP · DOL Form 5500 · 2024

Altrust Financial Services, Inc. ESOP

Data updated 2026-08-25

$40M
Total assets Below avg plan size
278
Participants Below avg headcount
81st
Percentile by assets National rank
$143,106
Avg per participant Near avg balance/head
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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.

  • #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.

#6,081
in Finance & Insurance (8,549 peers)
+18.5%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Altrust Financial Services, Inc. Employee Stock Ownership Plan's outsized position by total assets

Altrust Financial Services, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$39,783,495 Top 19% higher than 81% 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

Altrust Financial Services, 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. Altrust Financial Services, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (278 participants).

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.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 630923450 · Altrust Financial Services, Inc. PY 2024 · ESOP

Altrust Financial Services, Inc. Employee Stock Ownership Plan · $40M · 278 · 81st

  • TYPE $40M
  • NET 278
  • BOOK 81st
  • VS-ST ESOP
  • BOY near Tompkins Financial Corporation Employee Stock Ownership Plan
  • SCH ind #6081

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 Alabama →

Altrust Financial Services, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Fbg Service Corporation Employee Stock Ownership PlanFbg Service Corporation Empl…$40MAltrust Financial Services, Inc. Employee Stock Ownership PlanAltrust Financial Services, …$40MTompkins Financial Corporation Employee Stock Ownership PlanTompkins Financial Corporati…$40MPems Employee Stock Ownership PlanPems Employee Stock Ownershi…$40MCalifornia Sheet Metal Works, Inc. Employee Stock Ownership PlanCalifornia Sheet Metal Works…$40M
End-of-year total assets ($M) among Altrust Financial Services, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$34M
Net Assets (End of Year)$40M
Net Income$6M
Employer EIN630923450
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Altrust Financial Services, Inc.)

Sponsor-wide plan assets over time

All Altrust Financial Services, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$49M 38.35921886643296% vs 2022
2024 filing year
$30M$35M$40M$45M$50M$55M 202220232024 $35.7M $49.4M ▲ +38.4%
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 Scatter plot of 6 data points. 0500100015002000 0200400600 Total assets ($M) Participants Altrust Financial Services, Inc. Employee Stock Ownership Plan, Total assets ($M): 39.783495 · Participants: 278Altrust Financial Services, Inc. Employee Stock Ownership PlanStarfish Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 515.369863 · Participants: 1644Starfish Holdings, Inc. Employee Stock Ownership PlanInline Electric Employee Stock Ownership Plan, Total assets ($M): 242.741411 · Participants: 298Inline Electric Employee Stock Ownership PlanSignature Homes Employee Stock Ownership Plan, Total assets ($M): 224.790459 · Participants: 125Signature Homes Employee Stock Ownership PlanRadiance Technologies, Inc. Employee Stock Ownership Plan, Total assets ($M): 194.917315 · Participants: 1041Radiance Technologies, Inc. Employee Stock Ownership PlanEmployee Stock Ownership Plan for Employees of David Volkert and Associates, Inc. and Subsidiaries, Total assets ($M): 181.843353 · Participants: 958Employee Stock Ownership Plan for Employees of David Volkert and Associates, Inc. and Subsidiaries
Altrust Financial Services, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Alabama, assets vs. participants
Compare Altrust Financial Services, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Alabama, the nearest ESOP by assets is Tompkins Financial Corporation Employee Stock Ownership Plan in NY ($40M); by covered participants it is Plains Ag Employee Stock Ownership Plan in ND (278 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (278 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 Altrust Financial Services, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Altrust Financial Services, Inc. Employee Stock Ownership Plan grew sharply - up 18.5% during 2024, from $34M to $40M. Reported net income was $6M.
How have Altrust Financial Services, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Altrust Financial Services, Inc.'s sponsor-wide assets grew 38.4%, from $36M to $49M.
Where does Altrust Financial Services, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Altrust Financial Services, Inc. Employee Stock Ownership Plan ranks in the 81st percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Altrust Financial Services, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Tompkins Financial Corporation Employee Stock Ownership Plan in NY ($40M, 872 participants).
Which ESOP plans cover a similar participant headcount to Altrust Financial Services, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Plains Ag Employee Stock Ownership Plan in ND (278 participants, $41M 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 630923450.

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.