ESOP · DOL Form 5500 · 2022

M.J. Wells, Inc. & Associates, Inc. ESOP

Data updated 2026-08-25

$7M
Total assets Small plan by assets
42
Participants Small participant base
59th
Percentile by assets National rank
$175,391
Avg per participant Above avg balance/head
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Official DOL plan name: M.J. Wells & Associates, Inc. Employee Stock Ownership Plan · Sponsored by M.J. Wells, Inc. & Associates, Inc. · Virginia · Professional & Technical Services

$7M in assets, 42 participants

M.J. Wells, Inc. & Associates, Inc.'s M.J. Wells & Associates, Inc. Employee Stock Ownership Plan reported $7M in total assets and 42 participants in its 2022 DOL Form 5500 filing, ranking in the 59th 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.

  • #12,223 in Professional & Technical Services (21,562 peers)

M.J. Wells, Inc. & Associates, Inc. multi-year trail

M.J. Wells, Inc. & Associates, Inc.'s plans moved -53.3% in assets from 2022 to 2024; this filing shows M.J. Wells & Associates, Inc. Employee Stock Ownership Plan at $7M / 42 participants.

#12,223
in Professional & Technical Services (21,562 peers)
-20.6%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

M.J. Wells & Associates, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Professional & Technical Services and all filers

M.J. Wells & Associates, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$7,366,412 Top 41% higher than 59% of 139,123 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 2022

M.J. Wells & Associates, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. M.J. Wells & Associates, Inc. Employee Stock Ownership Plan is a small filing (42 participants) on this national headcount ladder.

Form 5500 schedule snapshot

Filing strip 541604263 · M.J. Wells, Inc. & Associates, Inc. PY 2022 · ESOP

M.J. Wells & Associates, Inc. Employee Stock Ownership Plan · $7M · 42 · 59th

  • EIN $7M
  • EIN 42
  • EIN 59th
  • EIN ESOP
  • EIN near Catcon, Inc. Employee Stock Ownership Plan
  • EIN ind #12223

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 Virginia →

M.J. Wells & Associates, Inc. Employee Stock Ownership Plan in the asset neighbourhood

The Myers-Briggs Company Employee Stock Ownership Plan and TrustThe Myers-Briggs Company Emp…$7MPalmer Engineering, Co. Employee Stock Ownership Plan & Trust AgreementPalmer Engineering, Co. Empl…$7MM.J. Wells & Associates, Inc. Employee Stock Ownership PlanM.J. Wells & Associates, Inc…$7MCatcon, Inc. Employee Stock Ownership PlanCatcon, Inc. Employee Stock …$7MKeenan Energy Company Employee Stock Ownership Plan and TrustKeenan Energy Company Employ…$7M
End-of-year total assets ($M) among M.J. Wells & Associates, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

M.J. Wells, Inc. & Associates, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All M.J. Wells, Inc. & Associates, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$3M 53.32317823113885% vs 2022
2024 filing year
$2M$4M$6M$8M 202220232024 $7.37M $3.44M ▼ -53.3%
Year Plans Participants Total Assets
2022 1 42 $7M
2023 1 40 $6M
2024 1 35 $3M

M.J. Wells, Inc. & Associates, Inc. filing trail (2022)

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$7M
Net Income-$2M
Employer EIN541604263
Plan Effective Date2007-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Virginia

Peer ESOP plans, same state, same plan type, ranked by total assets.

M.J. Wells & Associates, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Virginia, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -20002004006008001000 Total assets ($M) Participants M.J. Wells & Associates, Inc. Employee Stock Ownership Plan, Total assets ($M): 7.366412 · Participants: 42M.J. Wells & Associates, Inc. Employee Stock Ownership PlanNvr, Inc. Employee Stock Ownership Plan, Total assets ($M): 862.945849 · Participants: 6910Nvr, Inc. Employee Stock Ownership PlanThe Resorts Companies, Inc. Employee Stock Ownership Plan, Total assets ($M): 301.066368 · Participants: 1695The Resorts Companies, Inc. Employee Stock Ownership PlanAmerican Systems Corporation Employee Stock Ownership Plan, Total assets ($M): 291.782297 · Participants: 1828American Systems Corporation Employee Stock Ownership PlanNew River Electrical Corporation Employee Stock Ownership Plan, Total assets ($M): 287.62409 · Participants: 424New River Electrical Corporation Employee Stock Ownership PlanDavis H. Elliot Company, Incorporated Employee Stock Ownership Plan, Total assets ($M): 237.22873 · Participants: 1882Davis H. Elliot Company, Incorporated Employee Stock Ownership Plan
M.J. Wells & Associates, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Virginia, assets vs. participants
Compare M.J. Wells & Associates, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

M.J. Wells & Associates, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Virginia, the nearest ESOP by assets is Catcon, Inc. Employee Stock Ownership Plan in WI ($7M); by covered participants it is Pappageorge Haymes Ltd. ESOP in IL (42 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (42 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did M.J. Wells & Associates, Inc. Employee Stock Ownership Plan assets move in 2022? ▼
M.J. Wells & Associates, Inc. Employee Stock Ownership Plan declined sharply - down 20.6% during 2022, from $9M to $7M. Reported net income was -$2M.
How have M.J. Wells, Inc. & Associates, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), M.J. Wells, Inc. & Associates, Inc.'s sponsor-wide assets declined 53.3%, from $7M to $3M.
Which ESOP plans are similar in size to M.J. Wells & Associates, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Catcon, Inc. Employee Stock Ownership Plan in WI ($7M, 64 participants).
Which ESOP plans cover a similar participant headcount to M.J. Wells & Associates, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Pappageorge Haymes Ltd. ESOP in IL (42 participants, $3M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 541604263.

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.