Plan Ledger DOL Form 5500 · updated monthly

Pinnacle Financial CorporationESOP

PINNACLE FINANCIAL CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN · ELBERTON, GA · plan year 2024

Employer contribution per participant · 2024
$2,126

Pinnacle Financial Corporation'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 $8,972,226 across 345 participant accounts, with employer contributions averaging $2,126 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 Georgia (1,318th of 2,160), and 4,082nd of 4,798 in finance & insurance. active participation has grown from 255 to 294 since 2022.

Plan summary
Net assets, end of year$8,972,226
Participants with balances345
Active participants294
Employer contributions$625,000
Employee contributions—
Employer contribution per active participant$2,126
Average account balance$26,006
Benefits paid to participants$910,244
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.0M · 345 accts · $625K emplr
2023$8.3M · 333 accts · $350K emplr
2022$8.6M · 294 accts · $325K emplr
Employer contributions to the Pinnacle Financial Corporation plan · 2024
Employer contribution per active participant$2,126
Median for plans this size$1,313
2024$2,126 per active participant
2023$1,250 per active participant
2022$1,275 per active participant

Pinnacle Financial Corporation's 2024 employer contribution ran above the $1,313 median for plans its size. 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
Same employer
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Planters First Bank GA$10.2M · 0.42%
The Insurance House, Inc. GA$10.0M · 0.13%
Crif Select Corporation GA$9.9M · 0.31%
Fmb Bancshares, Inc. GA$8.4M · 0.01%
Symmetry Lending, LLC GA$8.3M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 580232548 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.