ESOP · DOL Form 5500 · 2023

General Engineering Co. of Virginia ESOP

Data updated 2026-08-11

$37M
Total assets: 170
Participants: 82nd
Percentile by assets: $216,053
Avg per participant

Official DOL plan name: General Engineering Co. of Virginia Employee Stock Ownership Plan and Trust · Sponsored by General Engineering Co. of Virginia · Virginia · Manufacturing

$37M in assets, 170 participants

General Engineering Co. of Virginia's General Engineering Co. of Virginia Employee Stock Ownership Plan and Trust reported $37M in total assets and 170 participants in its 2023 DOL Form 5500 filing, ranking in the 82nd 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.

82nd percentile by assets (of 127,072 plans)
#13,935 in Manufacturing (18,722 peers)

Coverage in Virginia

General Engineering Co. of Virginia Employee Stock Ownership Plan and Trust covers 170 participants in Virginia, about 22% of the average Virginia filer (state average ~782 per filing). Assets: $37M.

$37M
total plan assets (2023 EOY): 170
covered participants: 82nd
percentile by assets (of 127,072 plans): $216,053
avg assets per participant

General Engineering Co. of Virginia Employee Stock Ownership Plan and Trust reported net income rose from $999K in the plan year 2022 filing to $2M in the plan year 2023 filing.
General Engineering Co. of Virginia Employee Stock Ownership Plan and Trust end-of-year assets rose from $27M in the plan year 2022 filing to $37M in the plan year 2023 filing.
General Engineering Co. of Virginia Employee Stock Ownership Plan and Trust reported participants rose from 163 in the plan year 2022 filing to 170 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Virginia

Industry

Manufacturing

Participants vs Virginia filers

In Virginia, the average filing covers about 782 participants across 3,655 plans. General Engineering Co. of Virginia Employee Stock Ownership Plan and Trust reports 170 participants - about 22% of that state average ($37M EOY assets).

Virginia filing particulars

Total Assets (Beginning of Year)	$27M
Net Assets (End of Year)	$29M
Net Income	$2M
Employer EIN	540912795
Plan Effective Date	1971-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (General Engineering Co. of Virginia)

Total plan assets by year, all General Engineering Co. of Virginia plans on file

Year	Plans	Participants	Total Assets
2022	1	163	$27M
2023	1	170	$37M
2024	1	193	$46M

Nearby ESOP Plans in Virginia

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

General Engineering Co. of Virginia Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Virginia, assets vs. participants

Nvr, Inc. Employee Stock Ownership Plan $1.2B · 6,866
The Resorts Companies, Inc. Employee Stock Ownership Plan $352M · 1,751
American Systems Corporation Employee Stock Ownership Plan $331M · 1,782
Modern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust $322M · 1,652
New River Electrical Corporation Employee Stock Ownership Plan $321M · 444

Compare General Engineering Co. of Virginia Empl… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to General Engineering Co. of Virginia Employee Stock Ownership Plan and Trust by total assets, not by location.

Threaded Fasteners, Inc. Employee Stock Ownership Plan and Trust (AL) $37M · 194
Mulberry's Independent Home Services, Inc. Employee Stock Ownership Plan (WV) $37M · 1,687
Cornerstone Holdings, Inc. Employee Stock Ownership Plan and Trust (AK) $37M · 37
Indiana Industrial Services Employee Stock Ownership Plan (IN) $37M · 144

Frequently Asked Questions

How did General Engineering Co. of Virginia Employee Stock Ownership Plan and Trust assets move in 2023? ▼

General Engineering Co. of Virginia Employee Stock Ownership Plan and Trust surged - up 35.9% during 2023, from $27M to $37M. Reported net income was $2M.

How have General Engineering Co. of Virginia plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), General Engineering Co. of Virginia's sponsor-wide assets grew 70.7%, from $27M to $46M.

Where does General Engineering Co. of Virginia Employee Stock Ownership Plan and Trust rank by assets among Form 5500 filers? ▼

General Engineering Co. of Virginia Employee Stock Ownership Plan and Trust ranks in the 82nd 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 General Engineering Co. of Virginia Employee Stock Ownership Plan and Trust? ▼

Among ESOP plans in other states, the closest by assets is Threaded Fasteners, Inc. Employee Stock Ownership Plan and Trust in AL ($37M, 194 participants).

Next read for General Engineering Co. of Virginia Empl…

Filing takeaways

Ways to act on General Engineering Co. of Virginia Employee Stock Ownership Plan and Trust's numbers.

By total assets, General Engineering Co. of Virginia Employee Stock Ownership Plan and Trust ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar ESOP plans in Virginia. Compare plans
General Engineering Co. of Virginia's sponsor-wide assets have grown 70.7% since 2022 across 3 plan years on file. More Manufacturing plans

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 540912795.