ESOP · DOL Form 5500 · 2023

Farragut Systems, Inc. ESOP

Data updated 2026-08-25

$632K
Total assets Small plan by assets
52
Participants Small participant base
20th
Percentile by assets National rank
$12,158
Avg per participant Low balance/head
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Official DOL plan name: Farragut Systems, Inc. Employee Stock Ownership Plan · Sponsored by Farragut Systems, Inc. · North Carolina · Information & Media

$632K in assets, 52 participants

Farragut Systems, Inc.'s Farragut Systems, Inc. Employee Stock Ownership Plan reported $632K in total assets and 52 participants in its 2023 DOL Form 5500 filing, ranking in the 20th 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.

  • #277 in Information & Media (2,818 peers)

Farragut Systems, Inc. multi-year trail

Farragut Systems, Inc.'s plans moved +38.0% in assets from 2022 to 2024; this filing shows Farragut Systems, Inc. Employee Stock Ownership Plan at $632K / 52 participants.

#277
in Information & Media (2,818 peers)
+101.7%
assets growth YoY

Farragut Systems, Inc. Employee Stock Ownership Plan among the smaller filed plans by assets

Farragut Systems, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$632,204 20th percentile higher than 20% 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

Farragut Systems, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Farragut Systems, Inc. Employee Stock Ownership Plan is a small filing (52 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Farragut Systems, Inc. Employee Stock Ownership Plan end-of-year assets rose from $314K in the plan year 2022 filing to $632K in the plan year 2023 filing.
  • Farragut Systems, Inc. Employee Stock Ownership Plan reported participants rose from 44 in the plan year 2022 filing to 52 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 264700241 · Farragut Systems, Inc. PY 2023 · ESOP

Farragut Systems, Inc. Employee Stock Ownership Plan · $632K · 52 · 20th

  • EOY $632K
  • 5500 52
  • ASSETS 20th
  • PCT ESOP
  • EIN near Point of Beginning, Inc. Employee Stock Ownership Plan
  • RANK ind #277

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 →

Farragut Systems, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Farragut Systems, Inc. Employee Stock Ownership PlanFarragut Systems, Inc. Emplo…$632KPoint of Beginning, Inc. Employee Stock Ownership PlanPoint of Beginning, Inc. Emp…$634KPinnacle Electric Employee Stock Ownership PlanPinnacle Electric Employee S…$630KSimbiotic Software, Inc. Employee Stock Ownership PlanSimbiotic Software, Inc. Emp…$634KProfessional Fabricating Inc. Employee Stock Ownership PlanProfessional Fabricating Inc…$629K
End-of-year total assets ($M) among Farragut Systems, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Farragut Systems, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Farragut Systems, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$11M 38.045420123700076% vs 2022
2024 filing year
$7M$8M$9M$10M$11M 202220232024 $7.71M $10.7M ▲ +38.1%
Year Plans Participants Total Assets
2022 2 107 $8M
2023 2 107 $9M
2024 2 87 $11M

Farragut Systems, Inc. filing trail (2023)

Total Assets (Beginning of Year)$314K
Net Assets (End of Year)$632K
Net Income$319K
Employer EIN264700241
Plan Effective Date2022-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in North Carolina

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

Farragut Systems, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -500050010001500 -50050100150200 Total assets ($M) Participants Farragut Systems, Inc. Employee Stock Ownership Plan, Total assets ($M): 0.632204 · Participants: 52Farragut Systems, Inc. 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
Farragut Systems, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants
Compare Farragut Systems, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Farragut Systems, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside North Carolina, the nearest ESOP by assets is Point of Beginning, Inc. Employee Stock Ownership Plan in WI ($634K); by covered participants it is Jd2 Incorporated Employee Stock Ownership Plan in CA (52 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (52 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 Farragut Systems, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Farragut Systems, Inc. Employee Stock Ownership Plan surged - up 101.7% during 2023, from $314K to $632K. Reported net income was $319K.
How have Farragut Systems, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Farragut Systems, Inc.'s sponsor-wide assets grew 38.0%, from $8M to $11M.
Where does Farragut Systems, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Farragut Systems, Inc. Employee Stock Ownership Plan ranks in the 20th 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 Farragut Systems, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Point of Beginning, Inc. Employee Stock Ownership Plan in WI ($634K, 34 participants).
Which ESOP plans cover a similar participant headcount to Farragut Systems, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Jd2 Incorporated Employee Stock Ownership Plan in CA (52 participants, $50M 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 264700241.

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.