ESOP · DOL Form 5500 · 2022

Freedom Industries, Inc. ESOP

Data updated 2026-08-25

$14M
Total assets Small plan by assets
128
Participants Small participant base
71st
Percentile by assets National rank
$108,508
Avg per participant Below avg balance/head
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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.

  • #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.

#15,224
in Professional & Technical Services (21,562 peers)
+138.9%
assets growth YoY

Freedom Industries, Inc. Employee Stock Ownership Plan's outsized position by total assets

Freedom Industries, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$13,889,024 Top 29% higher than 71% 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

Freedom Industries, Inc. Employee Stock Ownership Plan 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. Freedom Industries, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (128 participants).

Form 5500 schedule snapshot

Filing strip 200450529 · Freedom Industries, Inc. PY 2022 · ESOP

Freedom Industries, Inc. Employee Stock Ownership Plan · $14M · 128 · 71st

  • PHOTO $14M
  • PHOTO 128
  • PHOTO 71st
  • PHOTO ESOP
  • PHOTO near Bank Midwest and Affiliates Employee Stock Ownership Plan
  • PHOTO ind #15224

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 North Carolina →

Freedom Industries, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Vr Systems, Inc. Employee Stock Ownership PlanVr Systems, Inc. Employee St…$14MFreedom Industries, Inc. Employee Stock Ownership PlanFreedom Industries, Inc. Emp…$14MBank Midwest and Affiliates Employee Stock Ownership PlanBank Midwest and Affiliates …$14MKellner Employee Stock Ownership PlanKellner Employee Stock Owner…$14MGarrison Hughes, Inc. Employee Stock Ownership PlanGarrison Hughes, Inc. Employ…$14M
End-of-year total assets ($M) among Freedom Industries, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

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.)

Sponsor-wide plan assets over time

All Freedom Industries, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$32M 93.97125635210362% vs 2022
2024 filing year
$10M$20M$30M$40M 202220232024 $16.5M $32M ▲ +94.0%
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 Scatter plot of 6 data points. -100000100002000030000 -0.500.511.52 Total assets ($B) Participants Freedom Industries, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.013889024 · Participants: 128Freedom Industries, Inc. Employee Stock Ownership PlanOld Dominion 401(k) Retirement Plan, Total assets ($B): 1.794370156 · Participants: 24080Old Dominion 401(k) Retirement PlanColumbia Forest Products, Inc. Employee Stock Ownership Plan and Trust, Total assets ($B): 0.183667115 · Participants: 1322Columbia Forest Products, Inc. Employee Stock Ownership Plan and TrustState Utility Contractors, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.082312735 · Participants: 147State Utility Contractors, Inc. Employee Stock Ownership PlanRobert E. Mason & Associates, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.077703602 · Participants: 250Robert E. Mason & Associates, Inc. Employee Stock Ownership PlanMckim & Creed, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.071758417 · Participants: 790Mckim & Creed, Inc. Employee Stock Ownership Plan
Freedom Industries, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants
Compare Freedom Industries, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Freedom Industries, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside North Carolina, the nearest ESOP by assets is Bank Midwest and Affiliates Employee Stock Ownership Plan in IA ($14M); by covered participants it is Electric Supply Employee Stock Ownership Plan in FL (128 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (128 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 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).
Which ESOP plans cover a similar participant headcount to Freedom Industries, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Electric Supply Employee Stock Ownership Plan in FL (128 participants, $2M 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 200450529.

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.