ESOP · DOL Form 5500 · 2023

Industrial Turnaround Corporation ESOP

Data updated 2026-08-25

$9M
Total assets Small plan by assets
453
Participants Below avg headcount
56th
Percentile by assets National rank
$19,523
Avg per participant Low balance/head
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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.

  • #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.

#11,053
in Professional & Technical Services (20,321 peers)
+34.3%
assets growth YoY

Itac ESOP Retirement Plan and Trust's mid-pack asset rank among Professional & Technical Services and all filers

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 $2,050,000,000 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

Itac ESOP Retirement Plan and Trust 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. Itac ESOP Retirement Plan and Trust sits mid-pack in the medium band (453 participants).

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 →

Form 5500 schedule snapshot

Filing strip 541453225 · Industrial Turnaround Corporation PY 2023 · ESOP

Itac ESOP Retirement Plan and Trust · $9M · 453 · 56th

  • PART $9M
  • TYPE 453
  • NET 56th
  • BOOK ESOP
  • VS-ST near Frontier Computer Corp. Employee Stock Ownership Plan
  • BOY ind #11053

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 Virginia →

Itac ESOP Retirement Plan and Trust in the asset neighbourhood

C & R Mechanical Company Employee Stock Ownership PlanC & R Mechanical Company Emp…$9MFlyers Pizza Employee Stock Ownership PlanFlyers Pizza Employee Stock …$9MItac ESOP Retirement Plan and TrustItac ESOP Retirement Plan an…$9MFrontier Computer Corp. Employee Stock Ownership PlanFrontier Computer Corp. Empl…$9MCanandaigua National Bank & Trust Company Employee Stock Ownership PlanCanandaigua National Bank & …$9M
End-of-year total assets ($M) among Itac ESOP Retirement Plan and Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Industrial Turnaround Corporation multi-year asset trail

Sponsor-wide plan assets over time

All Industrial Turnaround Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$68M 37.72616670942499% vs 2022
2024 filing year
$40M$50M$60M$70M$80M 202220232024 $49.6M $68.3M ▲ +37.7%
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 ($B) Participants Itac ESOP Retirement Plan and Trust, Total assets ($B): 0.008844097 · Participants: 453Itac ESOP Retirement Plan and TrustNvr, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.200416394 · Participants: 6866Nvr, Inc. Employee Stock Ownership PlanThe Resorts Companies, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.351932601 · Participants: 1751The Resorts Companies, Inc. Employee Stock Ownership PlanAmerican Systems Corporation Employee Stock Ownership Plan, Total assets ($B): 0.331314714 · Participants: 1782American Systems Corporation Employee Stock Ownership PlanModern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust, Total assets ($B): 0.321520666 · Participants: 1652Modern Technology Solutions, Inc. Employee Stock Ownership Plan and TrustNew River Electrical Corporation Employee Stock Ownership Plan, Total assets ($B): 0.320954252 · Participants: 444New River Electrical Corporation Employee Stock Ownership Plan
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 →

Itac ESOP Retirement Plan and Trust's out-of-state ESOP peers by assets and headcount

Outside Virginia, the nearest ESOP by assets is Frontier Computer Corp. Employee Stock Ownership Plan in MI ($9M); by covered participants it is D.L. Evans Bank Employees Stock Ownership Plan and Trust in ID (453 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (453 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 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).
Which ESOP plans cover a similar participant headcount to Itac ESOP Retirement Plan and Trust? ▼
Among ESOP plans in other states, the closest by covered participants is D.L. Evans Bank Employees Stock Ownership Plan and Trust in ID (453 participants, $40M 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 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.