ESOP · DOL Form 5500 · 2022

Freedom Industries, Inc. ESOP

Data updated 2026-08-11

$14M
Total assets
128
Participants
71st
Percentile by assets
$108,508
Avg per participant
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Official DOL plan name: Freedom Industries, Inc. Employee Stock Ownership Plan · Sponsored by Freedom Industries, Inc. · North Carolina · Professional & Technical Services

$14M in assets, 128 participants

Freedom Industries, Inc.'s Freedom Industries, Inc. Employee Stock Ownership Plan reported $14M in total assets and 128 participants in its 2022 DOL Form 5500 filing, ranking in the 71st 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.

  • 71st percentile by assets (of 139,126 plans)
  • #15,224 in Professional & Technical Services (21,562 peers)

Coverage in North Carolina

Freedom Industries, Inc. Employee Stock Ownership Plan covers 128 participants in North Carolina, about 16% of the average North Carolina filer (state average ~819 per filing). Assets: $14M.

$14M
total plan assets (2022 EOY)
128
covered participants
71st
percentile by assets (of 139,126 plans)
$108,508
avg assets per participant

Participants vs North Carolina filers

In North Carolina, the average filing covers about 819 participants across 3,515 plans. Freedom Industries, Inc. Employee Stock Ownership Plan reports 128 participants - about 16% of that state average ($14M EOY assets).

North Carolina filing particulars

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$14M
Net Income$8M
Employer EIN200450529
Plan Effective Date2014-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Freedom Industries, Inc.)

$10M$20M$30M$40M 202220232024 $16.5M $32M ▲ +94.0%
Total plan assets by year, all Freedom Industries, Inc. plans on file
Year Plans Participants Total Assets
2022 2 233 $16M
2023 1 155 $34M
2024 1 165 $32M

Nearby ESOP Plans in North Carolina

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

Freedom Industries, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants

Freedom Industries, 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 Freedom Industries, …Old Dominion 401(k) …Columbia Forest Prod…State Utility Contra…Robert E. Mason & As…Mckim & Creed, Inc. …
Freedom Industries, 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 Freedom Industries, Inc. Employee Stock Ownership Plan by total assets, not by location.

Frequently Asked Questions

How did Freedom Industries, Inc. Employee Stock Ownership Plan assets move in 2022?
Freedom Industries, Inc. Employee Stock Ownership Plan surged - up 138.9% during 2022, from $6M to $14M. Reported net income was $8M.
How have Freedom Industries, Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), Freedom Industries, Inc.'s sponsor-wide assets grew 94.0%, from $16M to $32M.
Which ESOP plans are similar in size to Freedom Industries, Inc. Employee Stock Ownership Plan?
Among ESOP plans in other states, the closest by assets is Bank Midwest and Affiliates Employee Stock Ownership Plan in IA ($14M, 195 participants).

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Filing takeaways

Ways to act on Freedom Industries, Inc. Employee Stock Ownership Plan's numbers.