ESOP · DOL Form 5500 · 2023

Gearmore, Inc. ESOP

Data updated 2026-08-11

$5M
Total assets
18
Participants
44th
Percentile by assets
$274,721
Avg per participant
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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.

  • 44th percentile by assets (of 127,072 plans)
  • #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.

$5M
total plan assets (2023 EOY)
18
covered participants
44th
percentile by assets (of 127,072 plans)
$274,721
avg assets per participant

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.

Where Gearmore Inc., Employee Stock Ownership Plan sits by total assets

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 $2,010,000,000 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

  • 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 →

State
California
Industry
Wholesale Trade

Gearmore, Inc. across 3 plan years on file

Across the 3 plan years Gearmore, Inc. has on file (2022-2024), sponsor-wide plan assets have moved from $5M to $5M, a decline of 11.4%, while reported participants moved from 21 to 21 (+0.0%). Peak year by sponsor assets: 2022 ($5M); trough: 2024 ($5M).

Gearmore, Inc. multi-year asset trail

$4.4M$4.6M$4.8M$5M$5.2M$5.4M 202220232024 $5.24M $4.64M ▼ -11.5%
Total plan assets by year, all Gearmore, Inc. plans on file
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 ($B) Participants Gearmore Inc., Emplo…, Total assets ($B): 0.004944969 · Participants: 18Gearmore Inc., Emplo…Parsons Employee Sto…, Total assets ($B): 3.757068542 · Participants: 7871Parsons Employee Sto…Acco Employee Stock …, Total assets ($B): 1.444524335 · Participants: 1397Acco Employee Stock …Rosendin Electric, I…, Total assets ($B): 1.125537204 · Participants: 1700Rosendin Electric, I…Agron, Inc. Employee…, Total assets ($B): 0.533004512 · Participants: 72Agron, Inc. Employee…Recology Employee St…, Total assets ($B): 0.497089527 · Participants: 3656Recology Employee St…
Gearmore Inc., Employee Stock Ownership Plan vs. nearby ESOP plans in California, assets vs. participants
Compare Gearmore Inc., Employee Stock Ownership … side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Gearmore Inc., Employee Stock Ownership Plan by total assets, not by location.

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).

Next read for Gearmore Inc., Employee Stock Ownership …

Multi-year trail

Ways to act on Gearmore Inc., Employee Stock Ownership Plan'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 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.