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
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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

This plan $0 $2,010,000,000 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

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.

See the national 2022→2023 release diff →

State
Virginia
Industry
Professional & Technical Services

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

$40M$50M$60M$70M$80M 202220232024 $49.6M $68.3M ▲ +37.7%
Total plan assets by year, all Industrial Turnaround Corporation plans on file
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 EIN541453225
Plan Effective Date2019-01-01
Filing StatusFILING 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 Scatter plot of 6 data points. 02000400060008000 -0.500.511.5 Total assets ($B) Participants Itac ESOP Retirement…, Total assets ($B): 0.008844097 · Participants: 453Itac ESOP Retirement…Nvr, Inc. Employee S…, Total assets ($B): 1.200416394 · Participants: 6866Nvr, Inc. Employee S…The Resorts Companie…, Total assets ($B): 0.351932601 · Participants: 1751The Resorts Companie…American Systems Cor…, Total assets ($B): 0.331314714 · Participants: 1782American Systems Cor…Modern Technology So…, Total assets ($B): 0.321520666 · Participants: 1652Modern Technology So…New River Electrical…, Total assets ($B): 0.320954252 · Participants: 444New River Electrical…
Itac ESOP Retirement Plan and Trust vs. nearby ESOP plans in Virginia, assets vs. participants
Compare Itac ESOP Retirement Plan and Trust side-by-side with 3 peers →

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? ▼
Itac ESOP Retirement Plan and Trust surged - up 34.3% during 2023, from $7M to $9M. Reported net income was $2M.
How have Industrial Turnaround Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Industrial Turnaround Corporation's sponsor-wide assets grew 37.7%, from $50M to $68M.
Which ESOP plans are similar in size to Itac ESOP Retirement Plan and Trust? ▼
Among ESOP plans in other states, the closest by assets is Frontier Computer Corp. Employee Stock Ownership Plan in MI ($9M, 28 participants).

Next read for Itac ESOP Retirement Plan and Trust

Multi-year trail

Ways to act on Itac ESOP Retirement Plan and Trust's numbers.

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 541453225.

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.