Plan Ledger DOL Form 5500 · updated monthly

Liberty Bank & Trust CompanyStock bonus plan

LIBERTY BANK & TRUST 2022 EMPLOYEE STOCK OWNERSHIP PLAN · NEW ORLEANS, LA · plan year 2024

Employer contribution per participant · 2024
$2,679

Liberty 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 $1,512,465 across 155 participant accounts, with employer contributions averaging $2,679 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Louisiana (788th of 884), and 4,689th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$1,512,465
Participants with balances155
Active participants140
Employer contributions$375,000
Employee contributions—
Employer contribution per active participant$2,679
Average account balance$9,758
Benefits paid to participants$2,915
Plan auditUnmodified (clean) audit opinion
AuditorECP ACCOUNTING, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$1.5M · 155 accts · $375K emplr
2023$815K · 137 accts · $400K emplr
2022$303K · 116 accts · $300K emplr
Employer contributions to the Liberty Bank & Trust Company plan · 2024
Employer contribution per active participant$2,679
Median for plans this size$1,313
2024$2,679 per active participant
2023$2,778 per active participant
2022$2,273 per active participant

Liberty Bank & Trust Company's 2024 employer contribution ran above the $1,313 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
Similar plansFinance & Insurance · Louisiana
The New Orleans Firemen's Federal Credit Union LA$5.6M · 0.81%
La Capitol Federal Credit Union LA$5.1M · 0.29%
Progressive Bancorp, Inc. LA$3.9M
Goauto Management Services, LLC LA$3.6M · 0.17%
Harrah's Bossier City Investment Company, LLC LA$602K · 2.85%
Joint Board of Trustees LA$226K · 2.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 720719924 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.