Gulf Coast Bank & Trust CompanyESOP
GULF COAST BANK & TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN · NEW ORLEANS, LA · plan year 2024
Gulf Coast Bank & Trust Company's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $139,403,332 across 950 participant accounts, with employer contributions averaging $11,375 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 49th-largest of 884 plans among Louisiana employers on file, and the 779th of 4,798 in finance & insurance.
Gulf Coast Bank & Trust Company's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
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Source: U.S. Department of Labor, Form 5500 series, EIN 721167423 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.