ESOP · DOL Form 5500 · 2023

Gearmore, Inc. ESOP

Data updated 2026-08-25

$5M
Total assets Small plan by assets
18
Participants Small participant base
44th
Percentile by assets National rank
$274,721
Avg per participant High balance/head
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Official DOL plan name: Gearmore Inc., Employee Stock Ownership Plan · Sponsored by Gearmore, Inc. · California · Wholesale Trade

$5M in assets, 18 participants

Gearmore, Inc.'s Gearmore Inc., Employee Stock Ownership Plan reported $5M in total assets and 18 participants in its 2023 DOL Form 5500 filing, ranking in the 44th 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.

  • #2,103 in Wholesale Trade (6,309 peers)

Gearmore, Inc. multi-year trail

Gearmore, Inc.'s plans moved -11.4% in assets from 2022 to 2024; this filing shows Gearmore Inc., Employee Stock Ownership Plan at $5M / 18 participants.

#2,103
in Wholesale Trade (6,309 peers)
-5.7%
assets change YoY

The plan reported a net loss of $264K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Gearmore Inc., Employee Stock Ownership Plan's mid-pack asset rank among Wholesale Trade and all filers

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

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

$4,944,969 44th percentile higher than 44% 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

Gearmore 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. Gearmore Inc., Employee Stock Ownership Plan is a small filing (18 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Gearmore Inc., Employee Stock Ownership Plan reported net income rose from -$1M in the plan year 2022 filing to -$264K in the plan year 2023 filing.
  • Gearmore Inc., Employee Stock Ownership Plan reported participants fell from 21 in the plan year 2022 filing to 18 in the plan year 2023 filing.
  • Gearmore Inc., Employee Stock Ownership Plan end-of-year assets fell from $5M in the plan year 2022 filing to $5M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 941711838 · Gearmore, Inc. PY 2023 · ESOP

Gearmore Inc., Employee Stock Ownership Plan · $5M · 18 · 44th

  • EBSA $5M
  • PART 18
  • TYPE 44th
  • NET ESOP
  • BOOK near First Freedom Bancshares Employee Stock Ownership Plan
  • VS-ST ind #2103

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 California →

Gearmore Inc., Employee Stock Ownership Plan in the asset neighbourhood

Geiger Brothers, Inc. Employee Stock Ownership PlanGeiger Brothers, Inc. Employ…$5MFirst Freedom Bancshares Employee Stock Ownership PlanFirst Freedom Bancshares Emp…$5MSpreuer & Son, Inc. Employee Stock Ownership Plan and TrustSpreuer & Son, Inc. Employee…$5MGearmore Inc., Employee Stock Ownership PlanGearmore Inc., Employee Stoc…$5MSolutionware, Inc. Employee Stock Ownership Plan and TrustSolutionware, Inc. Employee …$5M
End-of-year total assets ($M) among Gearmore Inc., Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Gearmore, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Gearmore, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$5M 11.43922871612778% vs 2022
2024 filing year
$4.4M$4.6M$4.8M$5M$5.2M$5.4M 202220232024 $5.24M $4.64M ▼ -11.5%
Year Plans Participants Total Assets
2022 1 21 $5M
2023 1 18 $5M
2024 1 21 $5M

Gearmore, Inc. filing trail (2023)

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$5M
Net Income-$264K
Employer EIN941711838
Plan Effective Date1973-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in California

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

Gearmore Inc., Employee Stock Ownership Plan vs. nearby ESOP plans in California, assets vs. participants Scatter plot of 6 data points. -20000200040006000800010000 -101234 Total assets ($B) Participants Gearmore Inc., Employee Stock Ownership Plan, Total assets ($B): 0.004944969 · Participants: 18Gearmore Inc., Employee Stock Ownership PlanParsons Employee Stock Ownership Plan, Total assets ($B): 3.757068542 · Participants: 7871Parsons Employee Stock Ownership PlanAcco Employee Stock Ownership Plan, Total assets ($B): 1.444524335 · Participants: 1397Acco Employee Stock Ownership PlanRosendin Electric, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.125537204 · Participants: 1700Rosendin Electric, Inc. Employee Stock Ownership PlanAgron, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.533004512 · Participants: 72Agron, Inc. Employee Stock Ownership PlanRecology Employee Stock Ownership Plan, Total assets ($B): 0.497089527 · Participants: 3656Recology Employee Stock Ownership Plan
Gearmore Inc., Employee Stock Ownership Plan vs. nearby ESOP plans in California, assets vs. participants
Compare Gearmore Inc., Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside California, the nearest ESOP by assets is First Freedom Bancshares Employee Stock Ownership Plan in TN ($5M); by covered participants it is Endpoint Solutions Corp. Employee Stock Ownership Plan in WI (18 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (18 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 Gearmore Inc., Employee Stock Ownership Plan assets move in 2023? ▼
Gearmore Inc., Employee Stock Ownership Plan pulled back noticeably - down 5.7% during 2023, from $5M to $5M. Reported net income was -$264K.
How have Gearmore, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Gearmore, Inc.'s sponsor-wide assets declined 11.4%, from $5M to $5M.
Which ESOP plans are similar in size to Gearmore Inc., Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is First Freedom Bancshares Employee Stock Ownership Plan in TN ($5M, 59 participants).
Which ESOP plans cover a similar participant headcount to Gearmore Inc., Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Endpoint Solutions Corp. Employee Stock Ownership Plan in WI (18 participants, $1M 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 941711838.

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.