ESOP · DOL Form 5500 · 2023

Freedom Industries, Inc. ESOP

Data updated 2026-08-25

$34M
Total assets Below avg plan size
155
Participants Small participant base
81st
Percentile by assets National rank
$217,744
Avg per participant Above avg balance/head
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Official DOL plan name: Freedom Industries, Inc. Employee Stock Ownership Plan · Sponsored by Freedom Industries, Inc. · North Carolina · Professional & Technical Services

$34M in assets, 155 participants

Freedom Industries, Inc.'s Freedom Industries, Inc. Employee Stock Ownership Plan reported $34M in total assets and 155 participants in its 2023 DOL Form 5500 filing, ranking in the 81st 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.

  • #16,556 in Professional & Technical Services (20,321 peers)

Coverage in North Carolina

Freedom Industries, Inc. Employee Stock Ownership Plan covers 155 participants in North Carolina, about 19% of the average North Carolina filer (state average ~819 per filing). Assets: $34M.

#16,556
in Professional & Technical Services (20,321 peers)
+143.0%
assets growth YoY
0.3×
vs typical plan assets (national mean)

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

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

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

$33,750,319 Top 19% higher than 81% 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

Freedom 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. Freedom Industries, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (155 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Freedom Industries, Inc. Employee Stock Ownership Plan reported net income rose from $8M in the plan year 2022 filing to $20M in the plan year 2023 filing.
  • Freedom Industries, Inc. Employee Stock Ownership Plan end-of-year assets rose from $14M in the plan year 2022 filing to $34M in the plan year 2023 filing.
  • Freedom Industries, Inc. Employee Stock Ownership Plan reported participants rose from 128 in the plan year 2022 filing to 155 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 200450529 · Freedom Industries, Inc. PY 2023 · ESOP

Freedom Industries, Inc. Employee Stock Ownership Plan · $34M · 155 · 81st

  • BOOK $34M
  • VS-ST 155
  • BOY 81st
  • SCH ESOP
  • EBSA near Control Associates, Inc. Employee Stock Ownership Plan
  • PART ind #16556

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 North Carolina →

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

Tech Systems, Inc. Employee Stock Ownership PlanTech Systems, Inc. Employee …$34MFirst Citizens Financial Corp Employee Stock Ownership PlanFirst Citizens Financial Cor…$34MSavanna Industries Employee Stock Ownership PlanSavanna Industries Employee …$34MControl Associates, Inc. Employee Stock Ownership PlanControl Associates, Inc. Emp…$34MFreedom Industries, Inc. Employee Stock Ownership PlanFreedom Industries, Inc. Emp…$34M
End-of-year total assets ($M) among Freedom Industries, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$34M
Net Income$20M
Employer EIN200450529
Plan Effective Date2014-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Freedom Industries, Inc.)

Sponsor-wide plan assets over time

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

Latest sponsor-wide plan assets
$32M 93.97125635210362% vs 2022
2024 filing year
$10M$20M$30M$40M 202220232024 $16.5M $32M ▲ +94.0%
Year Plans Participants Total Assets
2022 2 233 $16M
2023 1 155 $34M
2024 1 165 $32M

Nearby ESOP Plans in North Carolina

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

Freedom Industries, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants Scatter plot of 6 data points. 050010001500 050100150200 Total assets ($M) Participants Freedom Industries, Inc. Employee Stock Ownership Plan, Total assets ($M): 33.750319 · Participants: 155Freedom Industries, Inc. Employee Stock Ownership PlanColumbia Forest Products, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 181.705477 · Participants: 1330Columbia Forest Products, Inc. Employee Stock Ownership Plan and TrustEcmd, Inc. Employee Stock Ownership Plan, Total assets ($M): 131.739406 · Participants: 922Ecmd, Inc. Employee Stock Ownership PlanPrecision Walls, Inc. Employee Stock Ownership Plan, Total assets ($M): 111.490037 · Participants: 1028Precision Walls, Inc. Employee Stock Ownership PlanRobert E. Mason & Associates, Inc. Employee Stock Ownership Plan, Total assets ($M): 102.100516 · Participants: 273Robert E. Mason & Associates, Inc. Employee Stock Ownership PlanState Utility Contractors, Inc. Employee Stock Ownership Plan, Total assets ($M): 85.875992 · Participants: 144State Utility Contractors, Inc. Employee Stock Ownership Plan
Freedom Industries, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants
Compare Freedom Industries, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside North Carolina, the nearest ESOP by assets is Control Associates, Inc. Employee Stock Ownership Plan in NJ ($34M); by covered participants it is Mayo Construction Company, Inc. Employee Stock Ownership Plan and Trust in ND (155 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (155 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 Freedom Industries, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Freedom Industries, Inc. Employee Stock Ownership Plan surged - up 143.0% during 2023, from $14M to $34M. Reported net income was $20M.
How have Freedom Industries, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Freedom Industries, Inc.'s sponsor-wide assets grew 94.0%, from $16M to $32M.
Where does Freedom Industries, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Freedom Industries, Inc. Employee Stock Ownership Plan ranks in the 81st 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 Freedom Industries, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Control Associates, Inc. Employee Stock Ownership Plan in NJ ($34M, 150 participants).
Which ESOP plans cover a similar participant headcount to Freedom Industries, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Mayo Construction Company, Inc. Employee Stock Ownership Plan and Trust in ND (155 participants, $45M 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 200450529.

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.