ESOP · DOL Form 5500 · 2023

Garland Industries, Inc ESOP

Data updated 2026-08-11

$1.7B
Total assets: 1,019
Participants: 99th
Percentile by assets: $1.7M
Avg per participant

Official DOL plan name: The Garland Industries, Inc. Employee Stock Ownership Plan & Trust · Sponsored by Garland Industries, Inc · Ohio · Manufacturing

$1.7B in assets, 1,019 participants

Garland Industries, Inc's The Garland Industries, Inc. Employee Stock Ownership Plan & Trust reported $1.7B in total assets and 1,019 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.

99th percentile by assets (of 127,072 plans)
#18,426 in Manufacturing (18,722 peers)

Where The Garland Industries, Inc. Employee Stock Ownership Plan & Trust sits by assets

The Garland Industries, Inc. Employee Stock Ownership Plan & Trust sits among the largest 1% of all filed plans, $1.7B for 1,019 participants (~$1.7M/participant), up 22.1% in 2023.

$1.7B
total plan assets (2023 EOY): 1,019
covered participants: 99th
percentile by assets (of 127,072 plans): $1.7M
avg assets per participant

The Garland Industries, Inc. Employee Stock Ownership Plan & Trust reported net income rose from $201M in the plan year 2022 filing to $306M in the plan year 2023 filing.
The Garland Industries, Inc. Employee Stock Ownership Plan & Trust end-of-year assets rose from $1.4B in the plan year 2022 filing to $1.7B in the plan year 2023 filing.
The Garland Industries, Inc. Employee Stock Ownership Plan & Trust reported participants rose from 1,000 in the plan year 2022 filing to 1,019 in the plan year 2023 filing.

See the national 2023→2024 release diff →

State

Ohio

Industry

Manufacturing

The Garland Industries, Inc. Employee Stock Ownership Plan & Trust vs the 2023 asset distribution

By assets, The Garland Industries, Inc. Employee Stock Ownership Plan & Trust outranks 99% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 17x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$1.4B
Net Assets (End of Year)	$1.7B
Net Income	$306M
Employer EIN	341115246
Plan Effective Date	1985-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Garland Industries, Inc)

Total plan assets by year, all Garland Industries, Inc plans on file

Year	Plans	Participants	Total Assets
2022	2	2,307	$1.4B
2023	2	2,621	$1.7B
2024	1	1,118	$2.0B

Nearby ESOP Plans in Ohio

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

The Garland Industries, Inc. Employee Stock Ownership Plan & Trust vs. nearby ESOP plans in Ohio, assets vs. participants

Procter & Gamble Profit Sharing Trust & Employee Stock Ownership Plan $23.1B · 32,152
Messer Inc. Employee Stock Ownership Plan $622M · 873
Great Lakes Cheese Co., Inc. Employee Stock Ownership Plan $504M · 4,110
Cleveland Steel Container Corporation Employee Stock Ownership Plan $452M · 434
Henny Penny Corporation Employee Stock Ownership Plan $415M · 841

Compare The Garland Industries, Inc. Employee St… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to The Garland Industries, Inc. Employee Stock Ownership Plan & Trust by total assets, not by location.

Kehe Distributors, Inc. Employee Stock Ownership Plan (IL) $1.6B · 4,251
Bradford White Corporation Employee Stock Ownership Plan and Trust Agreement (PA) $1.6B · 342
W.L. Gore & Associates, Inc. Restated Associate Stock Ownership Plan (DE) $1.9B · 7,813
Mccarthy Employee Stock Ownership Plan (MO) $1.5B · 3,651

Frequently Asked Questions

How did The Garland Industries, Inc. Employee Stock Ownership Plan & Trust assets move in 2023? ▼

The Garland Industries, Inc. Employee Stock Ownership Plan & Trust grew sharply - up 22.1% during 2023, from $1.4B to $1.7B. Reported net income was $306M.

How have Garland Industries, Inc plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Garland Industries, Inc's sponsor-wide assets grew 40.6%, from $1.4B to $2.0B.

Where does The Garland Industries, Inc. Employee Stock Ownership Plan & Trust rank by assets among Form 5500 filers? ▼

The Garland Industries, Inc. Employee Stock Ownership Plan & Trust ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).

Which ESOP plans are similar in size to The Garland Industries, Inc. Employee Stock Ownership Plan & Trust? ▼

Among ESOP plans in other states, the closest by assets is Kehe Distributors, Inc. Employee Stock Ownership Plan in IL ($1.6B, 4,251 participants).

Next read for The Garland Industries, Inc. Employee St…

Scale reading

Ways to act on The Garland Industries, Inc. Employee Stock Ownership Plan & Trust's numbers.

By total assets, The Garland Industries, Inc. Employee Stock Ownership Plan & Trust ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar ESOP plans in Ohio. Compare plans
Garland Industries, Inc's sponsor-wide assets have grown 40.6% 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 341115246.