ESOP · DOL Form 5500 · 2022

State Utility Contractors, Inc. ESOP

Data updated 2026-08-11

$82M
Total assets
147
Participants
92nd
Percentile by assets
$559,951
Avg per participant
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Official DOL plan name: State Utility Contractors, Inc. Employee Stock Ownership Plan · Sponsored by State Utility Contractors, Inc. · North Carolina · Construction

$82M in assets, 147 participants

State Utility Contractors, Inc.'s State Utility Contractors, Inc. Employee Stock Ownership Plan reported $82M in total assets and 147 participants in its 2022 DOL Form 5500 filing, ranking in the 92nd 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.

  • 92nd percentile by assets (of 139,126 plans)
  • #8,968 in Construction (9,927 peers)

Coverage in North Carolina

State Utility Contractors, Inc. Employee Stock Ownership Plan covers 147 participants in North Carolina, about 18% of the average North Carolina filer (state average ~819 per filing). Assets: $82M.

$82M
total plan assets (2022 EOY)
147
covered participants
92nd
percentile by assets (of 139,126 plans)
$559,951
avg assets per participant
Industry

Participants vs North Carolina filers

In North Carolina, the average filing covers about 819 participants across 3,515 plans. State Utility Contractors, Inc. Employee Stock Ownership Plan reports 147 participants - about 18% of that state average ($82M EOY assets).

North Carolina filing particulars

Total Assets (Beginning of Year)$43M
Net Assets (End of Year)$75M
Net Income$32M
Employer EIN561444827
Plan Effective Date1996-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (State Utility Contractors, Inc.)

$80M$100M$120M$140M$160M 202220232024 $95.3M $137M ▲ +44.2%
Total plan assets by year, all State Utility Contractors, Inc. plans on file
Year Plans Participants Total Assets
2022 2 299 $95M
2023 2 294 $101M
2024 2 325 $137M

Nearby ESOP Plans in North Carolina

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

State Utility Contractors, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants

State Utility Contractors, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -0.500.511.52 Total assets ($B) Participants State Utility Contra…Old Dominion 401(k) …Columbia Forest Prod…Robert E. Mason & As…Mckim & Creed, Inc. …Ecmd, Inc. Employee …
State Utility Contractors, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to State Utility Contractors, Inc. Employee Stock Ownership Plan by total assets, not by location.

Frequently Asked Questions

How did State Utility Contractors, Inc. Employee Stock Ownership Plan assets move in 2022?
State Utility Contractors, Inc. Employee Stock Ownership Plan surged - up 92.1% during 2022, from $43M to $82M. Reported net income was $32M.
How have State Utility Contractors, Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), State Utility Contractors, Inc.'s sponsor-wide assets grew 44.2%, from $95M to $137M.
Where does State Utility Contractors, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers?
State Utility Contractors, Inc. Employee Stock Ownership Plan ranks in the 92nd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which ESOP plans are similar in size to State Utility Contractors, Inc. Employee Stock Ownership Plan?
Among ESOP plans in other states, the closest by assets is Communications International, Inc. Employee Stock Ownership Plan and Trust in FL ($82M, 127 participants).

Next read for State Utility Contractors, Inc. Employee…

Filing takeaways

Ways to act on State Utility Contractors, Inc. Employee Stock Ownership Plan's numbers.

  • By total assets, State Utility Contractors, Inc. Employee Stock Ownership Plan ranks in the top 10% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar ESOP plans in North Carolina. Compare plans
  • State Utility Contractors, Inc.'s sponsor-wide assets have grown 44.2% since 2022 across 3 plan years on file. More Construction plans