ESOP · DOL Form 5500 · 2023
Recore Electrical Contractors, Inc. ESOP
Data updated 2026-08-11
- $61M
- Total assets
- 121
- Participants
- 87th
- Percentile by assets
- $504,542
- Avg per participant
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.
- 87th percentile by assets (of 127,072 plans)
- #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.
- $61M
- total plan assets (2023 EOY)
- 121
- covered participants
- 87th
- percentile by assets (of 127,072 plans)
- $504,542
- avg assets per participant
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.
Participants vs North Carolina filers
In North Carolina, the average filing covers about 819 participants across 3,515 plans. Recore Employee Stock Ownership Plan reports 121 participants - about 15% of that state average ($61M EOY assets).
North Carolina filing particulars
| Total Assets (Beginning of Year) | $20M |
|---|---|
| Net Assets (End of Year) | $59M |
| Net Income | $41M |
| Employer EIN | 561373085 |
| Plan Effective Date | 2013-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Recore Electrical Contractors, Inc.)
| 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
- Columbia Forest Products, Inc. Employee Stock Ownership Plan and Trust $182M · 1,330
- Ecmd, Inc. Employee Stock Ownership Plan $132M · 922
- Precision Walls, Inc. Employee Stock Ownership Plan $111M · 1,028
- Robert E. Mason & Associates, Inc. Employee Stock Ownership Plan $102M · 273
- State Utility Contractors, Inc. Employee Stock Ownership Plan $86M · 144
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Recore Employee Stock Ownership Plan by total assets, not by location.
Frequently Asked Questions
How did Recore Employee Stock Ownership Plan assets move in 2023? ▼
How have Recore Electrical Contractors, Inc. plan assets changed over time? ▼
Where does Recore Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Which ESOP plans are similar in size to Recore Employee Stock Ownership Plan? ▼
Next read for Recore Employee Stock Ownership Plan
Filing takeaways
Ways to act on Recore Employee Stock Ownership Plan's numbers.
- By total assets, Recore Employee Stock Ownership Plan 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 North Carolina. Compare plans
- Recore Electrical Contractors, Inc.'s sponsor-wide assets have grown 434.2% since 2022 across 3 plan years on file. More Construction plans