ESOP · DOL Form 5500 · 2023

Recore Electrical Contractors, Inc. ESOP

Data updated 2026-08-25

$61M
Total assets Below avg plan size
121
Participants Small participant base
87th
Percentile by assets National rank
$504,542
Avg per participant High balance/head
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Official DOL plan name: Recore Employee Stock Ownership Plan · Sponsored by Recore Electrical Contractors, Inc. · North Carolina · Construction

$61M in assets, 121 participants

Recore Electrical Contractors, Inc.'s Recore Employee Stock Ownership Plan reported $61M in total assets and 121 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • #7,713 in Construction (9,030 peers)

Coverage in North Carolina

Recore Employee Stock Ownership Plan covers 121 participants in North Carolina, about 15% of the average North Carolina filer (state average ~819 per filing). Assets: $61M.

#7,713
in Construction (9,030 peers)
+199.3%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Recore Employee Stock Ownership Plan's outsized position by total assets

Recore Employee Stock Ownership Plan vs every filed plan by assets

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

$61,049,600 Top 13% higher than 87% 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

Recore 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. Recore Employee Stock Ownership Plan sits mid-pack in the medium band (121 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Recore Employee Stock Ownership Plan end-of-year assets rose from $20M in the plan year 2022 filing to $61M in the plan year 2023 filing.
  • Recore Employee Stock Ownership Plan reported net income rose from $14M in the plan year 2022 filing to $41M in the plan year 2023 filing.
  • Recore Employee Stock Ownership Plan reported participants rose from 115 in the plan year 2022 filing to 121 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 561373085 · Recore Electrical Contractors, Inc. PY 2023 · ESOP

Recore Employee Stock Ownership Plan · $61M · 121 · 87th

  • 5500 $61M
  • 5500 121
  • 5500 87th
  • 5500 ESOP
  • 5500 near The Fort Miller Group, Inc. Employee Stock Ownership Plan
  • 5500 ind #7713

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 →

Recore Employee Stock Ownership Plan in the asset neighbourhood

Guthrie & Huebner Company, Inc. Employee Stock Ownership Plan and TrustGuthrie & Huebner Company, I…$61MHenderson Companies Employee Stock Ownership PlanHenderson Companies Employee…$61MJ. Lee Milligan, Inc. Employee Stock Ownership PlanJ. Lee Milligan, Inc. Employ…$61MRecore Employee Stock Ownership PlanRecore Employee Stock Owners…$61MThe Fort Miller Group, Inc. Employee Stock Ownership PlanThe Fort Miller Group, Inc. …$61M
End-of-year total assets ($M) among Recore 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)$20M
Net Assets (End of Year)$59M
Net Income$41M
Employer EIN561373085
Plan Effective Date2013-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Recore Electrical Contractors, Inc.)

Sponsor-wide plan assets over time

All Recore Electrical Contractors, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$109M 434.18891422127433% vs 2022
2024 filing year
$0M$50M$100M$150M 202220232024 $20.4M $109M ▲ +434.1%
Year Plans Participants Total Assets
2022 1 115 $20M
2023 1 121 $61M
2024 1 140 $109M

Nearby ESOP Plans in North Carolina

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

Recore Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants Scatter plot of 6 data points. 050010001500 50100150200 Total assets ($M) Participants Recore Employee Stock Ownership Plan, Total assets ($M): 61.0496 · Participants: 121Recore 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
Recore Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants
Compare Recore Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside North Carolina, the nearest ESOP by assets is The Fort Miller Group, Inc. Employee Stock Ownership Plan in NY ($61M); by covered participants it is Advanced Manufacturing Group, Inc. Employee Stock Ownership Plan in OH (121 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (121 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 Recore Employee Stock Ownership Plan assets move in 2023? ▼
Recore Employee Stock Ownership Plan surged - up 199.3% during 2023, from $20M to $61M. Reported net income was $41M.
How have Recore Electrical Contractors, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Recore Electrical Contractors, Inc.'s sponsor-wide assets grew 434.2%, from $20M to $109M.
Where does Recore Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Recore Employee Stock Ownership Plan ranks in the 87th 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 Recore Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is The Fort Miller Group, Inc. Employee Stock Ownership Plan in NY ($61M, 370 participants).
Which ESOP plans cover a similar participant headcount to Recore Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Advanced Manufacturing Group, Inc. Employee Stock Ownership Plan in OH (121 participants, $85K 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 561373085.

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.