ESOP · DOL Form 5500 · 2023
Weco Inc. ESOP
Data updated 2026-08-11
- $44M
- Total assets
- 142
- Participants
- 84th
- Percentile by assets
- $306,851
- Avg per participant
Official DOL plan name: Weco Employee Stock Ownership Plan and Trust · Sponsored by Weco Inc. · Iowa · Construction
$44M in assets, 142 participants
Weco Inc.'s Weco Employee Stock Ownership Plan and Trust reported $44M in total assets and 142 participants in its 2023 DOL Form 5500 filing, ranking in the 84th 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.
- 84th percentile by assets (of 127,072 plans)
- #7,400 in Construction (9,030 peers)
Coverage in Iowa
Weco Employee Stock Ownership Plan and Trust covers 142 participants in Iowa, about 23% of the average Iowa filer (state average ~609 per filing). Assets: $44M.
- $44M
- total plan assets (2023 EOY)
- 142
- covered participants
- 84th
- percentile by assets (of 127,072 plans)
- $306,851
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Weco Employee Stock Ownership Plan and Trust end-of-year assets rose from $27M in the plan year 2022 filing to $44M in the plan year 2023 filing.
- Weco Employee Stock Ownership Plan and Trust reported participants fell from 156 in the plan year 2022 filing to 142 in the plan year 2023 filing.
- Weco Employee Stock Ownership Plan and Trust reported net income rose from $17M in the plan year 2022 filing to $17M in the plan year 2023 filing.
Participants vs Iowa filers
In Iowa, the average filing covers about 609 participants across 1,246 plans. Weco Employee Stock Ownership Plan and Trust reports 142 participants - about 23% of that state average ($44M EOY assets).
Iowa filing particulars
| Total Assets (Beginning of Year) | $27M |
|---|---|
| Net Assets (End of Year) | $37M |
| Net Income | $17M |
| Employer EIN | 421320871 |
| Plan Effective Date | 2020-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Weco Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 156 | $27M |
| 2023 | 1 | 142 | $44M |
| 2024 | 1 | 145 | $52M |
Nearby ESOP Plans in Iowa
Peer ESOP plans, same state, same plan type, ranked by total assets.
Weco Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Iowa, assets vs. participants
- Employee Owned Brands, Inc. Employee Stock Ownership Plan $864M · 802
- Van Meter Industrial, Inc. Employee Stock Ownership Plan $596M · 801
- Precision, Inc. Employee Stock Ownership Plan and Trust $438M · 667
- Ita Group Holdings, Inc. Employees' Stock Ownership Plan $428M · 771
- Vgm Group, Inc. Employee Stock Ownership Plan $406M · 1,070
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Weco Employee Stock Ownership Plan and Trust by total assets, not by location.
Frequently Asked Questions
How did Weco Employee Stock Ownership Plan and Trust assets move in 2023? ▼
How have Weco Inc. plan assets changed over time? ▼
Where does Weco Employee Stock Ownership Plan and Trust rank by assets among Form 5500 filers? ▼
Which ESOP plans are similar in size to Weco Employee Stock Ownership Plan and Trust? ▼
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Filing takeaways
Ways to act on Weco Employee Stock Ownership Plan and Trust's numbers.
- By total assets, Weco 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 Iowa. Compare plans
- Weco Inc.'s sponsor-wide assets have grown 94.9% since 2022 across 3 plan years on file. More Construction plans