ESOP · DOL Form 5500 · 2022

First Choice Solutions, Inc. ESOP

Data updated 2026-08-25

$2M
Total assets Small plan by assets
29
Participants Small participant base
35th
Percentile by assets National rank
$77,041
Avg per participant Below avg balance/head
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Official DOL plan name: Rhoads Co. Employee Stock Ownership Plan · Sponsored by First Choice Solutions, Inc. · New Mexico · Construction

$2M in assets, 29 participants

First Choice Solutions, Inc.'s Rhoads Co. Employee Stock Ownership Plan reported $2M in total assets and 29 participants in its 2022 DOL Form 5500 filing, ranking in the 35th 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.

  • #3,285 in Construction (9,927 peers)

First Choice Solutions, Inc. multi-year trail

First Choice Solutions, Inc.'s plans moved +13.5% in assets from 2022 to 2024; this filing shows Rhoads Co. Employee Stock Ownership Plan at $2M / 29 participants.

#3,285
in Construction (9,927 peers)
+21.4%
assets growth YoY

Rhoads Co. Employee Stock Ownership Plan's mid-pack asset rank among Construction and all filers

Rhoads Co. Employee Stock Ownership Plan vs every filed plan by assets

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

$2,234,176 35th percentile higher than 35% 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

Rhoads Co. 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. Rhoads Co. Employee Stock Ownership Plan is a small filing (29 participants) on this national headcount ladder.

Form 5500 schedule snapshot

Filing strip 850169786 · First Choice Solutions, Inc. PY 2022 · ESOP

Rhoads Co. Employee Stock Ownership Plan · $2M · 29 · 35th

  • TYPE $2M
  • TYPE 29
  • TYPE 35th
  • TYPE ESOP
  • TYPE near Partners Bank of Wisconsin Employee Stock Ownership Plan
  • TYPE ind #3285

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 New Mexico →

Rhoads Co. Employee Stock Ownership Plan in the asset neighbourhood

Dycast Specialties Corporation Employee Stock Ownership Plan and TrustDycast Specialties Corporati…$2MRhoads Co. Employee Stock Ownership PlanRhoads Co. Employee Stock Ow…$2MPartners Bank of Wisconsin Employee Stock Ownership PlanPartners Bank of Wisconsin E…$2MMagruder Construction Co., Inc. Employee Stock Ownership PlanMagruder Construction Co., I…$2MFirst Security State Bank 401(k) Employee Stock Ownership PlanFirst Security State Bank 40…$2M
End-of-year total assets ($M) among Rhoads Co. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

First Choice Solutions, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All First Choice Solutions, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$3M 13.516437380045259% vs 2022
2024 filing year
$2M$2.2M$2.4M$2.6M$2.8M 202220232024 $2.23M $2.54M ▲ +13.9%
Year Plans Participants Total Assets
2022 1 29 $2M
2023 1 29 $3M
2024 1 28 $3M

First Choice Solutions, Inc. filing trail (2022)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$2M
Net Income$395K
Employer EIN850169786
Plan Effective Date2003-07-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in New Mexico

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

Rhoads Co. Employee Stock Ownership Plan vs. nearby ESOP plans in New Mexico, assets vs. participants Scatter plot of 6 data points. -5000500100015002000 -2000200400600 Total assets ($M) Participants Rhoads Co. Employee Stock Ownership Plan, Total assets ($M): 2.234176 · Participants: 29Rhoads Co. Employee Stock Ownership PlanEmployee Stock Ownership Plan of Applied Research Associates, Inc., Total assets ($M): 462.103687 · Participants: 1640Employee Stock Ownership Plan of Applied Research Associates, Inc.Ppic Employee Stock Ownership Plan, Total assets ($M): 43.6561 · Participants: 131Ppic Employee Stock Ownership PlanCitizens Bank Employee Stock Ownership and Retirement Savings Plan, Total assets ($M): 22.609578 · Participants: 96Citizens Bank Employee Stock Ownership and Retirement Savings PlanCommerce Bancshares of Roswell, Inc. Employee Stock Ownership Plan, Total assets ($M): 15.165201 · Participants: 16Commerce Bancshares of Roswell, Inc. Employee Stock Ownership PlanMiller Engineers, Inc. Employee Stock Ownership Plan, Total assets ($M): 14.155084 · Participants: 241Miller Engineers, Inc. Employee Stock Ownership Plan
Rhoads Co. Employee Stock Ownership Plan vs. nearby ESOP plans in New Mexico, assets vs. participants
Compare Rhoads Co. Employee Stock Ownership Plan side-by-side with 3 peers →

Rhoads Co. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside New Mexico, the nearest ESOP by assets is Partners Bank of Wisconsin Employee Stock Ownership Plan in WI ($2M); by covered participants it is Mckenna Enigineering & Equipment Company, Inc. Employee Stock Ownership Plan in CA (29 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (29 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 Rhoads Co. Employee Stock Ownership Plan assets move in 2022? ▼
Rhoads Co. Employee Stock Ownership Plan grew sharply - up 21.4% during 2022, from $2M to $2M. Reported net income was $395K.
How have First Choice Solutions, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Choice Solutions, Inc.'s sponsor-wide assets grew 13.5%, from $2M to $3M.
Which ESOP plans are similar in size to Rhoads Co. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Partners Bank of Wisconsin Employee Stock Ownership Plan in WI ($2M, 30 participants).
Which ESOP plans cover a similar participant headcount to Rhoads Co. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Mckenna Enigineering & Equipment Company, Inc. Employee Stock Ownership Plan in CA (29 participants, N/A 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 850169786.

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.