Pioneer BankESOP
PIONEER BANK EMPLOYEE STOCK OWNERSHIP PLAN · ROSWELL, NM · plan year 2024
Pioneer Bank'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 $9,480,778 across 215 participant accounts, with employer contributions averaging $2,768 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 the 144th-largest of 290 plans among New Mexico employers on file, and 4,034th of 4,798 in finance & insurance. active participation has grown from 97 to 128 since 2022.
Pioneer Bank'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.
Looking for an account from a past job here? How to find an old 401(k).
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 850065555 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.