ESOP · DOL Form 5500 · 2023

L.C. Smith, Incorporated ESOP

Data updated 2026-08-25

$876K
Total assets Small plan by assets
6
Participants Small participant base
23rd
Percentile by assets National rank
$146,028
Avg per participant Above avg balance/head
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Official DOL plan name: L.C. Smith, Incorporated Employee Stock Ownership Plan · Sponsored by L.C. Smith, Incorporated · Virginia · Manufacturing

$876K in assets, 6 participants

L.C. Smith, Incorporated's L.C. Smith, Incorporated Employee Stock Ownership Plan reported $876K in total assets and 6 participants in its 2023 DOL Form 5500 filing, ranking in the 23rd 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.

  • #1,812 in Manufacturing (18,722 peers)

L.C. Smith, Incorporated multi-year trail

L.C. Smith, Incorporated's plans moved -17.6% in assets from 2022 to 2024; this filing shows L.C. Smith, Incorporated Employee Stock Ownership Plan at $876K / 6 participants.

#1,812
in Manufacturing (18,722 peers)
-21.0%
assets change YoY

The plan reported a net loss of $233K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

L.C. Smith, Incorporated Employee Stock Ownership Plan among the smaller filed plans by assets

L.C. Smith, Incorporated Employee Stock Ownership Plan vs every filed plan by assets

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

$876,166 23rd percentile higher than 23% 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

L.C. Smith, Incorporated Employee Stock Ownership Plan among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. L.C. Smith, Incorporated Employee Stock Ownership Plan is a micro filing (6 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • L.C. Smith, Incorporated Employee Stock Ownership Plan reported net income fell from -$32K in the plan year 2022 filing to -$233K in the plan year 2023 filing.
  • L.C. Smith, Incorporated Employee Stock Ownership Plan end-of-year assets fell from $1M in the plan year 2022 filing to $876K in the plan year 2023 filing.
  • L.C. Smith, Incorporated Employee Stock Ownership Plan reported participants fell from 7 in the plan year 2022 filing to 6 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 540476229 · L.C. Smith, Incorporated PY 2023 · ESOP

L.C. Smith, Incorporated Employee Stock Ownership Plan · $876K · 6 · 23rd

  • BOOK $876K
  • BOOK 6
  • BOOK 23rd
  • BOOK ESOP
  • BOOK near Wl Port-Land Systems, Inc. Employee Stock Ownership Plan
  • BOOK ind #1812

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 Virginia →

L.C. Smith, Incorporated Employee Stock Ownership Plan in the asset neighbourhood

L.C. Smith, Incorporated Employee Stock Ownership PlanL.C. Smith, Incorporated Emp…$876KWl Port-Land Systems, Inc. Employee Stock Ownership PlanWl Port-Land Systems, Inc. E…$877KR.F. Carlson Company Employee Stock Ownership PlanR.F. Carlson Company Employe…$880KEvergreen Forest Products Employee Stock Ownership PlanEvergreen Forest Products Em…$874KAsco Sintering Co. ESOP Stock Bonus PlanAsco Sintering Co. ESOP Stoc…$872K
End-of-year total assets ($M) among L.C. Smith, Incorporated Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

L.C. Smith, Incorporated multi-year asset trail

Sponsor-wide plan assets over time

All L.C. Smith, Incorporated plans reported in each filing year

Latest sponsor-wide plan assets
$914K 17.552468111508716% vs 2022
2024 filing year
$0.8M$0.9M$1M$1.1M$1.2M 202220232024 $1.11M $0.91M ▼ -18.0%
Year Plans Participants Total Assets
2022 1 7 $1M
2023 1 6 $876K
2024 1 7 $914K

L.C. Smith, Incorporated filing trail (2023)

Total Assets (Beginning of Year)$1M
Net Assets (End of Year)$876K
Net Income-$233K
Employer EIN540476229
Plan Effective Date2008-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Virginia

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

L.C. Smith, Incorporated Employee Stock Ownership Plan vs. nearby ESOP plans in Virginia, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -0.500.511.5 Total assets ($B) Participants L.C. Smith, Incorporated Employee Stock Ownership Plan, Total assets ($B): 0.000876166 · Participants: 6L.C. Smith, Incorporated Employee Stock Ownership PlanNvr, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.200416394 · Participants: 6866Nvr, Inc. Employee Stock Ownership PlanThe Resorts Companies, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.351932601 · Participants: 1751The Resorts Companies, Inc. Employee Stock Ownership PlanAmerican Systems Corporation Employee Stock Ownership Plan, Total assets ($B): 0.331314714 · Participants: 1782American Systems Corporation Employee Stock Ownership PlanModern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust, Total assets ($B): 0.321520666 · Participants: 1652Modern Technology Solutions, Inc. Employee Stock Ownership Plan and TrustNew River Electrical Corporation Employee Stock Ownership Plan, Total assets ($B): 0.320954252 · Participants: 444New River Electrical Corporation Employee Stock Ownership Plan
L.C. Smith, Incorporated Employee Stock Ownership Plan vs. nearby ESOP plans in Virginia, assets vs. participants

L.C. Smith, Incorporated Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Virginia, the nearest ESOP by assets is Wl Port-Land Systems, Inc. Employee Stock Ownership Plan in PA ($877K); by covered participants it is First Guaranty Bank Employee Stock Ownership Plan in LA (6 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (6 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 L.C. Smith, Incorporated Employee Stock Ownership Plan assets move in 2023?
L.C. Smith, Incorporated Employee Stock Ownership Plan declined sharply - down 21.0% during 2023, from $1M to $876K. Reported net income was -$233K.
How have L.C. Smith, Incorporated plan assets changed over time?
Across 3 plan years on file (2022-2024), L.C. Smith, Incorporated's sponsor-wide assets declined 17.6%, from $1M to $914K.
Where does L.C. Smith, Incorporated Employee Stock Ownership Plan rank by assets among Form 5500 filers?
L.C. Smith, Incorporated Employee Stock Ownership Plan ranks in the 23rd 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 L.C. Smith, Incorporated Employee Stock Ownership Plan?
Among ESOP plans in other states, the closest by assets is Wl Port-Land Systems, Inc. Employee Stock Ownership Plan in PA ($877K, 33 participants).
Which ESOP plans cover a similar participant headcount to L.C. Smith, Incorporated Employee Stock Ownership Plan?
Among ESOP plans in other states, the closest by covered participants is First Guaranty Bank Employee Stock Ownership Plan in LA (6 participants, $17K in assets).