ESOP · DOL Form 5500 · 2023
Industrial Turnaround Corporation ESOP
Data updated 2026-08-11
- $9M
- Total assets
- 453
- Participants
- 56th
- Percentile by assets
- $19,523
- Avg per participant
Official DOL plan name: Itac ESOP Retirement Plan and Trust · Sponsored by Industrial Turnaround Corporation · Virginia · Professional & Technical Services
$9M in assets, 453 participants
Industrial Turnaround Corporation's Itac ESOP Retirement Plan and Trust reported $9M in total assets and 453 participants in its 2023 DOL Form 5500 filing, ranking in the 56th 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.
- 56th percentile by assets (of 127,072 plans)
- #11,053 in Professional & Technical Services (20,321 peers)
Industrial Turnaround Corporation multi-year trail
Industrial Turnaround Corporation's plans moved +37.7% in assets from 2022 to 2024; this filing shows Itac ESOP Retirement Plan and Trust at $9M / 453 participants.
- $9M
- total plan assets (2023 EOY)
- 453
- covered participants
- 56th
- percentile by assets (of 127,072 plans)
- $19,523
- avg assets per participant
Where Itac ESOP Retirement Plan and Trust sits by total assets
Itac ESOP Retirement Plan and Trust vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$8,844,097 Top 44% higher than 56% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Itac ESOP Retirement Plan and Trust reported net income fell from $4M in the plan year 2022 filing to $2M in the plan year 2023 filing.
- Itac ESOP Retirement Plan and Trust end-of-year assets rose from $7M in the plan year 2022 filing to $9M in the plan year 2023 filing.
- Itac ESOP Retirement Plan and Trust reported participants fell from 475 in the plan year 2022 filing to 453 in the plan year 2023 filing.
Industrial Turnaround Corporation across 3 plan years on file
Across the 3 plan years Industrial Turnaround Corporation has on file (2022-2024), sponsor-wide plan assets have moved from $50M to $68M, a gain of 37.7%, while reported participants moved from 912 to 956 (+4.8%). Peak year by sponsor assets: 2024 ($68M); trough: 2022 ($50M).
Industrial Turnaround Corporation multi-year asset trail
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 912 | $50M |
| 2023 | 2 | 905 | $59M |
| 2024 | 2 | 956 | $68M |
Industrial Turnaround Corporation filing trail (2023)
| Total Assets (Beginning of Year) | $7M |
|---|---|
| Net Assets (End of Year) | $9M |
| Net Income | $2M |
| Employer EIN | 541453225 |
| Plan Effective Date | 2019-01-01 |
| Filing Status | FILING RECEIVED |
Nearby ESOP Plans in Virginia
Peer ESOP plans, same state, same plan type, ranked by total assets.
Itac ESOP Retirement Plan and Trust vs. nearby ESOP plans in Virginia, assets vs. participants
- Nvr, Inc. Employee Stock Ownership Plan $1.2B · 6,866
- The Resorts Companies, Inc. Employee Stock Ownership Plan $352M · 1,751
- American Systems Corporation Employee Stock Ownership Plan $331M · 1,782
- Modern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust $322M · 1,652
- New River Electrical Corporation Employee Stock Ownership Plan $321M · 444
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Itac ESOP Retirement Plan and Trust by total assets, not by location.
Frequently Asked Questions
How did Itac ESOP Retirement Plan and Trust assets move in 2023? ▼
How have Industrial Turnaround Corporation plan assets changed over time? ▼
Which ESOP plans are similar in size to Itac ESOP Retirement Plan and Trust? ▼
Next read for Itac ESOP Retirement Plan and Trust
Multi-year trail
Ways to act on Itac ESOP Retirement Plan and Trust's numbers.
- By total assets, Itac ESOP Retirement Plan and Trust ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Virginia. Compare plans
- Industrial Turnaround Corporation's sponsor-wide assets have grown 37.7% since 2022 across 3 plan years on file. More Professional & Technical Services plans