ESOP · DOL Form 5500 · 2023

Weco Inc. ESOP

Data updated 2026-08-25

$44M
Total assets Below avg plan size
142
Participants Small participant base
84th
Percentile by assets National rank
$306,851
Avg per participant High balance/head
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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.

  • #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.

#7,400
in Construction (9,030 peers)
+61.9%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Weco Employee Stock Ownership Plan and Trust's outsized position by total assets

Weco Employee Stock Ownership Plan and Trust vs every filed plan by assets

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

$43,572,854 Top 16% higher than 84% 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

Weco Employee Stock Ownership Plan and Trust 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. Weco Employee Stock Ownership Plan and Trust sits mid-pack in the medium band (142 participants).

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.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 421320871 · Weco Inc. PY 2023 · ESOP

Weco Employee Stock Ownership Plan and Trust · $44M · 142 · 84th

  • BOY $44M
  • BOY 142
  • BOY 84th
  • BOY ESOP
  • BOY near Friends & Family Prevailing Wage ESOP Retirement Plan
  • BOY ind #7400

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 Iowa →

Weco Employee Stock Ownership Plan and Trust in the asset neighbourhood

Applied Information Sciences, Inc. Employee Stock Ownership PlanApplied Information Sciences…$44MSoutheast Bancorp, Inc. Employee Stock Ownership PlanSoutheast Bancorp, Inc. Empl…$44MWolgast Corporation Employee Stock Ownership PlanWolgast Corporation Employee…$44MFriends & Family Prevailing Wage ESOP Retirement PlanFriends & Family Prevailing …$44MWeco Employee Stock Ownership Plan and TrustWeco Employee Stock Ownershi…$44M
End-of-year total assets ($M) among Weco Employee Stock Ownership Plan and Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Iowa filing particulars

Total Assets (Beginning of Year)$27M
Net Assets (End of Year)$37M
Net Income$17M
Employer EIN421320871
Plan Effective Date2020-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Weco Inc.)

Sponsor-wide plan assets over time

All Weco Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$52M 94.86761055369752% vs 2022
2024 filing year
$20M$30M$40M$50M$60M 202220232024 $26.9M $52.4M ▲ +94.9%
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 Scatter plot of 6 data points. 050010001500 02004006008001000 Total assets ($M) Participants Weco Employee Stock Ownership Plan and Trust, Total assets ($M): 43.572854 · Participants: 142Weco Employee Stock Ownership Plan and TrustEmployee Owned Brands, Inc. Employee Stock Ownership Plan, Total assets ($M): 863.986659 · Participants: 802Employee Owned Brands, Inc. Employee Stock Ownership PlanVan Meter Industrial, Inc. Employee Stock Ownership Plan, Total assets ($M): 596.09835 · Participants: 801Van Meter Industrial, Inc. Employee Stock Ownership PlanPrecision, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 438.062674 · Participants: 667Precision, Inc. Employee Stock Ownership Plan and TrustIta Group Holdings, Inc. Employees' Stock Ownership Plan, Total assets ($M): 427.790025 · Participants: 771Ita Group Holdings, Inc. Employees' Stock Ownership PlanVgm Group, Inc. Employee Stock Ownership Plan, Total assets ($M): 405.931426 · Participants: 1070Vgm Group, Inc. Employee Stock Ownership Plan
Weco Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Iowa, assets vs. participants
Compare Weco Employee Stock Ownership Plan and Trust side-by-side with 3 peers →

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

Outside Iowa, the nearest ESOP by assets is Friends & Family Prevailing Wage ESOP Retirement Plan in NY ($44M); by covered participants it is Dynabrade, Inc Employee Stock Ownership Plan in NY (142 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (142 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 Weco Employee Stock Ownership Plan and Trust assets move in 2023? ▼
Weco Employee Stock Ownership Plan and Trust surged - up 61.9% during 2023, from $27M to $44M. Reported net income was $17M.
How have Weco Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Weco Inc.'s sponsor-wide assets grew 94.9%, from $27M to $52M.
Where does Weco Employee Stock Ownership Plan and Trust rank by assets among Form 5500 filers? ▼
Weco Employee Stock Ownership Plan and Trust ranks in the 84th 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 Weco Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by assets is Friends & Family Prevailing Wage ESOP Retirement Plan in NY ($44M, 7,960 participants).
Which ESOP plans cover a similar participant headcount to Weco Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by covered participants is Dynabrade, Inc Employee Stock Ownership Plan in NY (142 participants, $39M 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 421320871.

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.