ESOP · DOL Form 5500 · 2023

John H. Carter Co., Inc. ESOP

Data updated 2026-08-25

$612M
Total assets Above avg plan size
44
Participants Small participant base
98th
Percentile by assets National rank
$13.9M
Avg per participant High balance/head
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Official DOL plan name: Magnolia Employee Stock Ownership Plan · Sponsored by John H. Carter Co., Inc. · Louisiana · Professional & Technical Services

$612M in assets, 44 participants

John H. Carter Co., Inc.'s Magnolia Employee Stock Ownership Plan reported $612M in total assets and 44 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.

  • #20,027 in Professional & Technical Services (20,321 peers)

Where Magnolia Employee Stock Ownership Plan sits by assets

Magnolia Employee Stock Ownership Plan sits in the top 5% of all filed plans by assets, $612M for 44 participants (~$13.9M/participant), up 22.6% in 2023.

#20,027
in Professional & Technical Services (20,321 peers)
+22.6%
assets growth YoY
6.1×
vs typical plan assets (national mean)

Magnolia Employee Stock Ownership Plan's outsized position by total assets

Magnolia Employee Stock Ownership Plan vs every filed plan by assets

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

$611,505,673 Top 2% higher than 98% 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

Magnolia 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. Magnolia Employee Stock Ownership Plan is a small filing (44 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Magnolia Employee Stock Ownership Plan reported net income rose from $17M in the plan year 2022 filing to $117M in the plan year 2023 filing.
  • Magnolia Employee Stock Ownership Plan reported participants fell from 561 in the plan year 2022 filing to 44 in the plan year 2023 filing.
  • Magnolia Employee Stock Ownership Plan end-of-year assets rose from $499M in the plan year 2022 filing to $612M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 720494338 · John H. Carter Co., Inc. PY 2023 · ESOP

Magnolia Employee Stock Ownership Plan · $612M · 44 · 98th

  • EOY $612M
  • EOY 44
  • EOY 98th
  • EOY ESOP
  • EOY near Consigli Building Group Employee Stock Ownership Plan
  • EOY ind #20027

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 →

Magnolia Employee Stock Ownership Plan in the asset neighbourhood

Messer Inc. Employee Stock Ownership PlanMesser Inc. Employee Stock O…$622MU-Haul Holding Company Employee Stock Ownership PlanU-Haul Holding Company Emplo…$619MConsigli Building Group Employee Stock Ownership PlanConsigli Building Group Empl…$612MMagnolia Employee Stock Ownership PlanMagnolia Employee Stock Owne…$612MEmployee Stock Ownership Plan of Applied Research Associates, Inc.Employee Stock Ownership Pla…$606M
End-of-year total assets ($M) among Magnolia Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$499M
Net Assets (End of Year)$465M
Net Income$117M
Employer EIN720494338
Plan Effective Date1998-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (John H. Carter Co., Inc.)

Sponsor-wide plan assets over time

All John H. Carter Co., Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$777M 45.47744749780444% vs 2022
2024 filing year
$500M$600M$700M$800M$900M 202220232024 $534M $777M ▲ +45.5%
Year Plans Participants Total Assets
2022 2 1,186 $534M
2023 2 726 $651M
2024 2 1,464 $777M

Nearby ESOP Plans in Louisiana

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

Magnolia Employee Stock Ownership Plan vs. nearby ESOP plans in Louisiana, assets vs. participants Scatter plot of 6 data points. -100001000200030004000 0200400600800 Total assets ($M) Participants Magnolia Employee Stock Ownership Plan, Total assets ($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 PlanAmg Employee Stock Ownership Plan, Total assets ($M): 93.772792 · Participants: 487Amg Employee Stock Ownership Plan
Magnolia Employee Stock Ownership Plan vs. nearby ESOP plans in Louisiana, assets vs. participants
Compare Magnolia Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Louisiana, the nearest ESOP by assets is Consigli Building Group Employee Stock Ownership Plan in MA ($612M); by covered participants it is Sanibel Captiva Holdings, Inc. Employee Stock Ownership Plan in FL (44 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (44 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 Magnolia Employee Stock Ownership Plan assets move in 2023? ▼
Magnolia Employee Stock Ownership Plan grew sharply - up 22.6% during 2023, from $499M to $612M. Reported net income was $117M.
How have John H. Carter Co., Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), John H. Carter Co., Inc.'s sponsor-wide assets grew 45.5%, from $534M to $777M.
Where does Magnolia Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Magnolia Employee Stock Ownership Plan ranks in the 98th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which ESOP plans are similar in size to Magnolia Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Consigli Building Group Employee Stock Ownership Plan in MA ($612M, 1,511 participants).
Which ESOP plans cover a similar participant headcount to Magnolia Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Sanibel Captiva Holdings, Inc. Employee Stock Ownership Plan in FL (44 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 720494338.

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.