ESOP · DOL Form 5500 · 2023

Averest, Inc. ESOP

Data updated 2026-08-25

$20M
Total assets Small plan by assets
15
Participants Small participant base
72nd
Percentile by assets National rank
$1.3M
Avg per participant High balance/head
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Official DOL plan name: Averest, Incorporated Employee Stock Ownership Plan · Sponsored by Averest, Inc. · Georgia · Wholesale Trade

$20M in assets, 15 participants

Averest, Inc.'s Averest, Incorporated Employee Stock Ownership Plan reported $20M in total assets and 15 participants in its 2023 DOL Form 5500 filing, ranking in the 72nd 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.

  • #4,349 in Wholesale Trade (6,309 peers)

Averest, Inc. multi-year trail

Averest, Inc.'s plans moved +543.8% in assets from 2022 to 2024; this filing shows Averest, Incorporated Employee Stock Ownership Plan at $20M / 15 participants.

#4,349
in Wholesale Trade (6,309 peers)
+366.5%
assets growth YoY

Averest, Incorporated Employee Stock Ownership Plan's outsized position by total assets

Averest, Incorporated Employee Stock Ownership Plan vs every filed plan by assets

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

$19,518,000 Top 28% higher than 72% 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

Averest, Incorporated Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Averest, Incorporated Employee Stock Ownership Plan is a small filing (15 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Averest, Incorporated Employee Stock Ownership Plan reported net income rose from $544K in the plan year 2022 filing to $16M in the plan year 2023 filing.
  • Averest, Incorporated Employee Stock Ownership Plan end-of-year assets rose from $4M in the plan year 2022 filing to $20M in the plan year 2023 filing.
  • Averest, Incorporated Employee Stock Ownership Plan reported participants rose from 12 in the plan year 2022 filing to 15 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 113719699 · Averest, Inc. PY 2023 · ESOP

Averest, Incorporated Employee Stock Ownership Plan · $20M · 15 · 72nd

  • EIN $20M
  • RANK 15
  • PHOTO 72nd
  • IND ESOP
  • EOY near Commercial Tire, Inc. Employee Stock Ownership Plan and Trust
  • 5500 ind #4349

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 Georgia →

Averest, Incorporated Employee Stock Ownership Plan in the asset neighbourhood

Appleton Marine, Inc. Employee Stock Ownership Plan and TrustAppleton Marine, Inc. Employ…$20MAverest, Incorporated Employee Stock Ownership PlanAverest, Incorporated Employ…$20MCommercial Tire, Inc. Employee Stock Ownership Plan and TrustCommercial Tire, Inc. Employ…$20MR.E. Sweeney Company, Inc. Stock Bonus Profit Sharing Plan and TrustR.E. Sweeney Company, Inc. S…$19MTuxedo Investments, Inc. Employee Stock Ownership Plan and Trust AgreementTuxedo Investments, Inc. Emp…$19M
End-of-year total assets ($M) among Averest, Incorporated Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Averest, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Averest, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$27M 543.7678993720073% vs 2022
2024 filing year
$0M$10M$20M$30M 202220232024 $4.18M $26.9M ▲ +544.3%
Year Plans Participants Total Assets
2022 1 12 $4M
2023 1 15 $20M
2024 1 23 $27M

Averest, Inc. filing trail (2023)

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$16M
Net Income$16M
Employer EIN113719699
Plan Effective Date2022-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Georgia

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

Averest, Incorporated Employee Stock Ownership Plan vs. nearby ESOP plans in Georgia, assets vs. participants Scatter plot of 6 data points. -5000500100015002000 -2000200400600800 Total assets ($M) Participants Averest, Incorporated Employee Stock Ownership Plan, Total assets ($M): 19.518 · Participants: 15Averest, Incorporated Employee Stock Ownership PlanWarehouse Home Furnishings Distributors, Inc. Employee Stock Ownership Plan, Total assets ($M): 664.601691 · Participants: 1772Warehouse Home Furnishings Distributors, Inc. Employee Stock Ownership PlanChoate Construction Company Employee Stock Ownership Plan, Total assets ($M): 407.968435 · Participants: 454Choate Construction Company Employee Stock Ownership PlanBrent Scarbrough & Company Employee Stock Ownership Plan, Total assets ($M): 366.989824 · Participants: 439Brent Scarbrough & Company Employee Stock Ownership PlanAubrey Silvey Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 222.074562 · Participants: 424Aubrey Silvey Enterprises, Inc. Employee Stock Ownership PlanDixie Plywood and Lumber Company Employee Stock Ownership Plan, Total assets ($M): 208.200343 · Participants: 327Dixie Plywood and Lumber Company Employee Stock Ownership Plan
Averest, Incorporated Employee Stock Ownership Plan vs. nearby ESOP plans in Georgia, assets vs. participants
Compare Averest, Incorporated Employee Stock Ownership Plan side-by-side with 3 peers →

Averest, Incorporated Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Georgia, the nearest ESOP by assets is Commercial Tire, Inc. Employee Stock Ownership Plan and Trust in ID ($20M); by covered participants it is First National Bank of Sparta Profit Sharing Plan in IL (15 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (15 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 Averest, Incorporated Employee Stock Ownership Plan assets move in 2023? ▼
Averest, Incorporated Employee Stock Ownership Plan surged - up 366.5% during 2023, from $4M to $20M. Reported net income was $16M.
How have Averest, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Averest, Inc.'s sponsor-wide assets grew 543.8%, from $4M to $27M.
Which ESOP plans are similar in size to Averest, Incorporated Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Commercial Tire, Inc. Employee Stock Ownership Plan and Trust in ID ($20M, 748 participants).
Which ESOP plans cover a similar participant headcount to Averest, Incorporated Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is First National Bank of Sparta Profit Sharing Plan in IL (15 participants, $2M 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 113719699.

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.