ESOP · DOL Form 5500 · 2023

Empire Telephone Corporation ESOP

Data updated 2026-08-25

$603K
Total assets Small plan by assets
23
Participants Small participant base
19th
Percentile by assets National rank
$26,230
Avg per participant Low balance/head
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Official DOL plan name: Empire Telephone Corporation Employee Stock Ownership Plan · Sponsored by Empire Telephone Corporation · New York · Information & Media

$603K in assets, 23 participants

Empire Telephone Corporation's Empire Telephone Corporation Employee Stock Ownership Plan reported $603K in total assets and 23 participants in its 2023 DOL Form 5500 filing, ranking in the 19th 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.

  • #271 in Information & Media (2,818 peers)

Empire Telephone Corporation multi-year trail

Empire Telephone Corporation's plans moved -35.7% in assets from 2022 to 2024; this filing shows Empire Telephone Corporation Employee Stock Ownership Plan at $603K / 23 participants.

#271
in Information & Media (2,818 peers)
-93.8%
assets change YoY

The plan reported a net loss of $9M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Empire Telephone Corporation Employee Stock Ownership Plan among the smaller filed plans by assets

Empire Telephone Corporation Employee Stock Ownership Plan vs every filed plan by assets

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

$603,291 19th percentile higher than 19% 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

Empire Telephone Corporation 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. Empire Telephone Corporation Employee Stock Ownership Plan is a small filing (23 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Empire Telephone Corporation Employee Stock Ownership Plan reported net income fell from $7M in the plan year 2022 filing to -$9M in the plan year 2023 filing.
  • Empire Telephone Corporation Employee Stock Ownership Plan end-of-year assets fell from $10M in the plan year 2022 filing to $603K in the plan year 2023 filing.
  • Empire Telephone Corporation Employee Stock Ownership Plan reported participants fell from 26 in the plan year 2022 filing to 23 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 160594870 · Empire Telephone Corporation PY 2023 · ESOP

Empire Telephone Corporation Employee Stock Ownership Plan · $603K · 23 · 19th

  • ASSETS $603K
  • ASSETS 23
  • ASSETS 19th
  • ASSETS ESOP
  • ASSETS near Medical Justice Services Employee Stock Ownership Plan
  • ASSETS ind #271

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 New York →

Empire Telephone Corporation Employee Stock Ownership Plan in the asset neighbourhood

McDonald's Steel Corporation Employee Stock Ownership PlanMcDonald's Steel Corporation…$607KEmpire Telephone Corporation Employee Stock Ownership PlanEmpire Telephone Corporation…$603KMedical Justice Services Employee Stock Ownership PlanMedical Justice Services Emp…$604KThe Logan Graphic Products, Inc. Employee Stock Ownership PlanThe Logan Graphic Products, …$600KSaversystems Employee Stock Ownership PlanSaversystems Employee Stock …$600K
End-of-year total assets ($M) among Empire Telephone Corporation Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Empire Telephone Corporation multi-year asset trail

Sponsor-wide plan assets over time

All Empire Telephone Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$15M 35.65101006610588% vs 2022
2024 filing year
$10M$15M$20M$25M 202220232024 $22.7M $14.6M ▼ -35.6%
Year Plans Participants Total Assets
2022 2 172 $23M
2023 2 205 $14M
2024 2 216 $15M

Empire Telephone Corporation filing trail (2023)

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$603K
Net Income-$9M
Employer EIN160594870
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in New York

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

Empire Telephone Corporation Employee Stock Ownership Plan vs. nearby ESOP plans in New York, assets vs. participants Scatter plot of 6 data points. -1000010002000300040005000 -20002004006008001000 Total assets ($M) Participants Empire Telephone Corporation Employee Stock Ownership Plan, Total assets ($M): 0.603291 · Participants: 23Empire Telephone Corporation Employee Stock Ownership PlanStewart's Shops Corp Employee Stock Ownership Plan, Total assets ($M): 876.57583 · Participants: 3439Stewart's Shops Corp Employee Stock Ownership PlanNorth Coast Holdings Employee Stock Ownership Plan, Total assets ($M): 406.002646 · Participants: 4467North Coast Holdings Employee Stock Ownership PlanGriffon Corporation Employee Stock Ownership Plan, Total assets ($M): 298.738533 · Participants: 3674Griffon Corporation Employee Stock Ownership PlanGreenman-Pedersen, Inc. Employee Stock Ownership Plan, Total assets ($M): 247.681611 · Participants: 1704Greenman-Pedersen, Inc. Employee Stock Ownership PlanH.C. Wainwright & Co. Employee Stock Ownership Plan, Total assets ($M): 241.736533 · Participants: 93H.C. Wainwright & Co. Employee Stock Ownership Plan
Empire Telephone Corporation Employee Stock Ownership Plan vs. nearby ESOP plans in New York, assets vs. participants
Compare Empire Telephone Corporation Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside New York, the nearest ESOP by assets is Medical Justice Services Employee Stock Ownership Plan in NC ($604K); by covered participants it is Soundearth Strategies, Inc. Employee Stock Ownership Plan in WA (23 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (23 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 Empire Telephone Corporation Employee Stock Ownership Plan assets move in 2023? ▼
Empire Telephone Corporation Employee Stock Ownership Plan contracted severely - down 93.8% during 2023, from $10M to $603K. Reported net income was -$9M.
How have Empire Telephone Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Empire Telephone Corporation's sponsor-wide assets declined 35.7%, from $23M to $15M.
Where does Empire Telephone Corporation Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Empire Telephone Corporation Employee Stock Ownership Plan ranks in the 19th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which ESOP plans are similar in size to Empire Telephone Corporation Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Medical Justice Services Employee Stock Ownership Plan in NC ($604K, 11 participants).
Which ESOP plans cover a similar participant headcount to Empire Telephone Corporation Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Soundearth Strategies, Inc. Employee Stock Ownership Plan in WA (23 participants, N/A 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 160594870.

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.