ESOP · DOL Form 5500 · 2023

Quaintance-Weaver Management, LLC ESOP

Data updated 2026-08-25

$5M
Total assets Small plan by assets
260
Participants Below avg headcount
46th
Percentile by assets National rank
$20,801
Avg per participant Low balance/head
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Official DOL plan name: Qw ESOP · Sponsored by Quaintance-Weaver Management, LLC · North Carolina · Food Services & Accommodation

$5M in assets, 260 participants

Quaintance-Weaver Management, LLC's Qw ESOP reported $5M in total assets and 260 participants in its 2023 DOL Form 5500 filing, ranking in the 46th 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.

  • #3,026 in Food Services & Accommodation (3,828 peers)

Coverage in North Carolina

Qw ESOP covers 260 participants in North Carolina, about 32% of the average North Carolina filer (state average ~819 per filing). Assets: $5M.

#3,026
in Food Services & Accommodation (3,828 peers)
-8.0%
assets change YoY

The plan reported a net loss of $89K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Qw ESOP's mid-pack asset rank among Food Services & Accommodation and all filers

Qw ESOP vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$5,408,229 46th percentile higher than 46% of 127,068 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 2023

Qw ESOP among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Qw ESOP sits mid-pack in the medium band (260 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Qw ESOP reported net income fell from $3M in the plan year 2022 filing to -$89K in the plan year 2023 filing.
  • Qw ESOP reported participants rose from 237 in the plan year 2022 filing to 260 in the plan year 2023 filing.
  • Qw ESOP end-of-year assets fell from $6M in the plan year 2022 filing to $5M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 562101619 · Quaintance-Weaver Management, LLC PY 2023 · ESOP

Qw ESOP · $5M · 260 · 46th

  • PHOTO $5M
  • IND 260
  • EOY 46th
  • 5500 ESOP
  • ASSETS near Tc Federal Bank Employee Stock Ownership Plan
  • PCT ind #3026

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 →

Qw ESOP in the asset neighbourhood

Bank of Cashton Money Purchase and Employee Stock Ownership PlanBank of Cashton Money Purcha…$5MQw ESOP$5MTc Federal Bank Employee Stock Ownership PlanTc Federal Bank Employee Sto…$5MGms, Inc. Employee Stock Ownership PlanGms, Inc. Employee Stock Own…$5MI.E. Shaffer & Co. Employee Stock Ownership PlanI.E. Shaffer & Co. Employee …$5M
End-of-year total assets ($M) among Qw ESOP and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)-$5M
Net Income-$89K
Employer EIN562101619
Plan Effective Date2016-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Quaintance-Weaver Management, LLC)

Sponsor-wide plan assets over time

All Quaintance-Weaver Management, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$7M 8.208882334362821% vs 2022
2024 filing year
$5M$5.5M$6M$6.5M$7M$7.5M 202220232024 $6.4M $6.92M ▲ +8.1%
Year Plans Participants Total Assets
2022 2 485 $6M
2023 1 260 $5M
2024 1 243 $7M

Nearby ESOP Plans in North Carolina

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

Qw ESOP vs. nearby ESOP plans in North Carolina, assets vs. participants Scatter plot of 6 data points. 050010001500 -50050100150200 Total assets ($M) Participants Qw ESOP, Total assets ($M): 5.408229 · Participants: 260Qw ESOPColumbia Forest Products, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 181.705477 · Participants: 1330Columbia Forest Products, Inc. Employee Stock Ownership Plan and TrustEcmd, Inc. Employee Stock Ownership Plan, Total assets ($M): 131.739406 · Participants: 922Ecmd, Inc. Employee Stock Ownership PlanPrecision Walls, Inc. Employee Stock Ownership Plan, Total assets ($M): 111.490037 · Participants: 1028Precision Walls, Inc. Employee Stock Ownership PlanRobert E. Mason & Associates, Inc. Employee Stock Ownership Plan, Total assets ($M): 102.100516 · Participants: 273Robert E. Mason & Associates, Inc. Employee Stock Ownership PlanState Utility Contractors, Inc. Employee Stock Ownership Plan, Total assets ($M): 85.875992 · Participants: 144State Utility Contractors, Inc. Employee Stock Ownership Plan
Qw ESOP vs. nearby ESOP plans in North Carolina, assets vs. participants
Compare Qw ESOP side-by-side with 3 peers →

Qw ESOP's out-of-state ESOP peers by assets and headcount

Outside North Carolina, the nearest ESOP by assets is Tc Federal Bank Employee Stock Ownership Plan in GA ($5M); by covered participants it is Theory Wellness, Inc. Employee Stock Ownership Plan in MA (260 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (260 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Qw ESOP assets move in 2023? ▼
Qw ESOP pulled back noticeably - down 8.0% during 2023, from $6M to $5M. Reported net income was -$89K.
How have Quaintance-Weaver Management, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Quaintance-Weaver Management, LLC's sponsor-wide assets grew 8.2%, from $6M to $7M.
Which ESOP plans are similar in size to Qw ESOP? ▼
Among ESOP plans in other states, the closest by assets is Tc Federal Bank Employee Stock Ownership Plan in GA ($5M, 50 participants).
Which ESOP plans cover a similar participant headcount to Qw ESOP? ▼
Among ESOP plans in other states, the closest by covered participants is Theory Wellness, Inc. Employee Stock Ownership Plan in MA (260 participants, $16M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 562101619.

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.