ESOP · DOL Form 5500 · 2022

Industrial Turnaround Corporation ESOP

Data updated 2026-08-25

$7M
Total assets Small plan by assets
475
Participants Below avg headcount
56th
Percentile by assets National rank
$13,867
Avg per participant Low balance/head
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Official DOL plan name: Itac ESOP Retirement Plan and Trust · Sponsored by Industrial Turnaround Corporation · Virginia · Professional & Technical Services

$7M in assets, 475 participants

Industrial Turnaround Corporation's Itac ESOP Retirement Plan and Trust reported $7M in total assets and 475 participants in its 2022 DOL Form 5500 filing, ranking in the 56th 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.

  • #11,721 in Professional & Technical Services (21,562 peers)

Industrial Turnaround Corporation multi-year trail

Industrial Turnaround Corporation's plans moved +37.7% in assets from 2022 to 2024; this filing shows Itac ESOP Retirement Plan and Trust at $7M / 475 participants.

#11,721
in Professional & Technical Services (21,562 peers)
+128.0%
assets growth YoY

Itac ESOP Retirement Plan and Trust's mid-pack asset rank among Professional & Technical Services and all filers

Itac ESOP Retirement Plan and Trust vs every filed plan by assets

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

$6,587,053 Top 44% higher than 56% 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

Itac ESOP Retirement Plan and Trust among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Itac ESOP Retirement Plan and Trust sits mid-pack in the medium band (475 participants).

Plan-year Form 5500 strip

Filing strip 541453225 · Industrial Turnaround Corporation PY 2022 · ESOP

Itac ESOP Retirement Plan and Trust · $7M · 475 · 56th

  • SCH $7M
  • EBSA 475
  • PART 56th
  • TYPE ESOP
  • NET near Progressive Management Systems Employee Stock Ownership Plan
  • BOOK ind #11721

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 →

Itac ESOP Retirement Plan and Trust in the asset neighbourhood

Edminster, Hinshaw, Russ & Associates, Inc. Employee Stock Ownership Plan and TrustEdminster, Hinshaw, Russ & A…$7MDavis Enterprises, Inc. Employee Stock Ownership Plan and TrustDavis Enterprises, Inc. Empl…$7MItac ESOP Retirement Plan and TrustItac ESOP Retirement Plan an…$7MHainjes Inc Employee Profit Sharing Stock Ownership PlanHainjes Inc Employee Profit …$7MProgressive Management Systems Employee Stock Ownership PlanProgressive Management Syste…$7M
End-of-year total assets ($M) among Itac ESOP Retirement Plan and Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Industrial Turnaround Corporation multi-year asset trail

Sponsor-wide plan assets over time

All Industrial Turnaround Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$68M 37.72616670942499% vs 2022
2024 filing year
$40M$50M$60M$70M$80M 202220232024 $49.6M $68.3M ▲ +37.7%
Year Plans Participants Total Assets
2022 2 912 $50M
2023 2 905 $59M
2024 2 956 $68M

Industrial Turnaround Corporation filing trail (2022)

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$7M
Net Income$4M
Employer EIN541453225
Plan Effective Date2019-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Virginia

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

Itac ESOP Retirement Plan and Trust vs. nearby ESOP plans in Virginia, assets vs. participants Scatter plot of 6 data points. 02000400060008000 -20002004006008001000 Total assets ($M) Participants Itac ESOP Retirement Plan and Trust, Total assets ($M): 6.587053 · Participants: 475Itac ESOP Retirement Plan and TrustNvr, 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
Itac ESOP Retirement Plan and Trust vs. nearby ESOP plans in Virginia, assets vs. participants
Compare Itac ESOP Retirement Plan and Trust side-by-side with 3 peers →

Itac ESOP Retirement Plan and Trust's out-of-state ESOP peers by assets and headcount

Outside Virginia, the nearest ESOP by assets is Progressive Management Systems Employee Stock Ownership Plan in CA ($7M); by covered participants it is Baker Electric Employee Stock Ownership Plan in CA (475 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (475 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 Itac ESOP Retirement Plan and Trust assets move in 2022? ▼
Itac ESOP Retirement Plan and Trust surged - up 128.0% during 2022, from $3M to $7M. Reported net income was $4M.
How have Industrial Turnaround Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Industrial Turnaround Corporation's sponsor-wide assets grew 37.7%, from $50M to $68M.
Which ESOP plans are similar in size to Itac ESOP Retirement Plan and Trust? ▼
Among ESOP plans in other states, the closest by assets is Progressive Management Systems Employee Stock Ownership Plan in CA ($7M, 135 participants).
Which ESOP plans cover a similar participant headcount to Itac ESOP Retirement Plan and Trust? ▼
Among ESOP plans in other states, the closest by covered participants is Baker Electric Employee Stock Ownership Plan in CA (475 participants, $5M 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 541453225.

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.