ESOP · DOL Form 5500 · 2023

Afco Industries, Inc. ESOP

Data updated 2026-08-25

$73M
Total assets Below avg plan size
201
Participants Below avg headcount
89th
Percentile by assets National rank
$364,514
Avg per participant High balance/head
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Official DOL plan name: Afco Industries, Inc. Employee Stock Ownership Plan · Sponsored by Afco Industries, Inc. · Louisiana · Manufacturing

$73M in assets, 201 participants

Afco Industries, Inc.'s Afco Industries, Inc. Employee Stock Ownership Plan reported $73M in total assets and 201 participants in its 2023 DOL Form 5500 filing, ranking in the 89th 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.

  • #15,664 in Manufacturing (18,722 peers)

Coverage in Louisiana

Afco Industries, Inc. Employee Stock Ownership Plan covers 201 participants in Louisiana, about 41% of the average Louisiana filer (state average ~495 per filing). Assets: $73M.

#15,664
in Manufacturing (18,722 peers)
+20.7%
assets growth YoY
0.7×
vs typical plan assets (national mean)

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

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

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

$73,267,223 Top 11% higher than 89% 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

Afco Industries, Inc. Employee Stock Ownership Plan 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. Afco Industries, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (201 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Afco Industries, Inc. Employee Stock Ownership Plan reported net income rose from $7M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • Afco Industries, Inc. Employee Stock Ownership Plan end-of-year assets rose from $61M in the plan year 2022 filing to $73M in the plan year 2023 filing.
  • Afco Industries, Inc. Employee Stock Ownership Plan reported participants rose from 199 in the plan year 2022 filing to 201 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 720450574 · Afco Industries, Inc. PY 2023 · ESOP

Afco Industries, Inc. Employee Stock Ownership Plan · $73M · 201 · 89th

  • PART $73M
  • TYPE 201
  • NET 89th
  • BOOK ESOP
  • VS-ST near Morrison-Maierle, Inc. Employee Stock Ownership Plan
  • BOY ind #15664

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 Louisiana →

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

Afco Industries, Inc. Employee Stock Ownership PlanAfco Industries, Inc. Employ…$73MMorrison-Maierle, Inc. Employee Stock Ownership PlanMorrison-Maierle, Inc. Emplo…$73MRedner's Employees Profit Sharing and Stock Ownership PlanRedner's Employees Profit Sh…$73MNorthwest Pump & Equipment Co. Employee Stock Ownership PlanNorthwest Pump & Equipment C…$73MMid-Hudson Cablevision Holdings, Inc Employee Stock Ownership PlanMid-Hudson Cablevision Holdi…$73M
End-of-year total assets ($M) among Afco Industries, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Louisiana filing particulars

Total Assets (Beginning of Year)$61M
Net Assets (End of Year)$73M
Net Income$13M
Employer EIN720450574
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Afco Industries, Inc.)

Sponsor-wide plan assets over time

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

Latest sponsor-wide plan assets
$80M 32.06095364307583% vs 2022
2024 filing year
$50M$60M$70M$80M$90M 202220232024 $60.7M $80.2M ▲ +32.1%
Year Plans Participants Total Assets
2022 1 199 $61M
2023 1 201 $73M
2024 1 203 $80M

Nearby ESOP Plans in Louisiana

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

Afco Industries, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Louisiana, assets vs. participants Scatter plot of 6 data points. -100001000200030004000 0200400600800 Total assets ($M) Participants Afco Industries, Inc. Employee Stock Ownership Plan, Total assets ($M): 73.267223 · Participants: 201Afco Industries, Inc. Employee Stock Ownership PlanMagnolia Employee Stock Ownership Plan, Total assets ($M): 611.505673 · Participants: 44Magnolia Employee Stock Ownership PlanAcadian Ambulance Service, Inc. Employee Stock Ownership Plan, Total assets ($M): 446.486105 · Participants: 3467Acadian Ambulance Service, Inc. Employee Stock Ownership PlanMcelroy Metal Mill, Inc. Employee Stock Ownership Plan, Total assets ($M): 143.058565 · Participants: 570Mcelroy Metal Mill, Inc. Employee Stock Ownership PlanRogers Manufacturing Corporation Employee Stock Ownership Plan, Total assets ($M): 132.262774 · Participants: 153Rogers Manufacturing Corporation Employee Stock Ownership PlanGulf Coast Bank & Trust Company Employee Stock Ownership Plan, Total assets ($M): 126.28162 · Participants: 820Gulf Coast Bank & Trust Company Employee Stock Ownership Plan
Afco Industries, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Louisiana, assets vs. participants
Compare Afco Industries, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Louisiana, the nearest ESOP by assets is Morrison-Maierle, Inc. Employee Stock Ownership Plan in MT ($73M); by covered participants it is Boudreau Pipeline Employee Stock Ownership Plan in CA (201 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (201 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 Afco Industries, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Afco Industries, Inc. Employee Stock Ownership Plan grew sharply - up 20.7% during 2023, from $61M to $73M. Reported net income was $13M.
How have Afco Industries, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Afco Industries, Inc.'s sponsor-wide assets grew 32.1%, from $61M to $80M.
Where does Afco Industries, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Afco Industries, Inc. Employee Stock Ownership Plan ranks in the 89th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Afco Industries, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Morrison-Maierle, Inc. Employee Stock Ownership Plan in MT ($73M, 278 participants).
Which ESOP plans cover a similar participant headcount to Afco Industries, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Boudreau Pipeline Employee Stock Ownership Plan in CA (201 participants, $6M 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 720450574.

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.