ESOP · DOL Form 5500 · 2023

Lanco Assembly Systems, Inc. ESOP

Data updated 2026-08-25

$9M
Total assets Small plan by assets
129
Participants Small participant base
56th
Percentile by assets National rank
$69,174
Avg per participant Below avg balance/head
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Official DOL plan name: Lanco Assembly Systems, Inc. Employee Stock Ownership Plan · Sponsored by Lanco Assembly Systems, Inc. · Maine · Manufacturing

$9M in assets, 129 participants

Lanco Assembly Systems, Inc.'s Lanco Assembly Systems, Inc. Employee Stock Ownership Plan reported $9M in total assets and 129 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.

  • #7,819 in Manufacturing (18,722 peers)

Coverage in Maine

Lanco Assembly Systems, Inc. Employee Stock Ownership Plan covers 129 participants in Maine, about 27% of the average Maine filer (state average ~472 per filing). Assets: $9M.

#7,819
in Manufacturing (18,722 peers)
+62.5%
assets growth YoY

Lanco Assembly Systems, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Manufacturing and all filers

Lanco Assembly Systems, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$8,923,426 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

Lanco Assembly Systems, Inc. Employee Stock Ownership Plan 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. Lanco Assembly Systems, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (129 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Lanco Assembly Systems, Inc. Employee Stock Ownership Plan reported net income rose from -$1M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Lanco Assembly Systems, Inc. Employee Stock Ownership Plan end-of-year assets rose from $5M in the plan year 2022 filing to $9M in the plan year 2023 filing.
  • Lanco Assembly Systems, Inc. Employee Stock Ownership Plan reported participants fell from 152 in the plan year 2022 filing to 129 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 010394214 · Lanco Assembly Systems, Inc. PY 2023 · ESOP

Lanco Assembly Systems, Inc. Employee Stock Ownership Plan · $9M · 129 · 56th

  • TYPE $9M
  • TYPE 129
  • TYPE 56th
  • TYPE ESOP
  • TYPE near Advantage Electric & Controls, Inc. Employee Stock Ownership Plan
  • TYPE ind #7819

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 Maine →

Lanco Assembly Systems, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Bay Area/General Crane Service, Inc. Employee Stock Ownership PlanBay Area/General Crane Servi…$9MLanco Assembly Systems, Inc. Employee Stock Ownership PlanLanco Assembly Systems, Inc.…$9MAdvantage Electric & Controls, Inc. Employee Stock Ownership PlanAdvantage Electric & Control…$9MH. a. Dehart & Son, Inc. Employee Stock Ownership PlanH. a. Dehart & Son, Inc. Emp…$9MClark Dietz, Inc. Employee Stock Ownership PlanClark Dietz, Inc. Employee S…$9M
End-of-year total assets ($M) among Lanco Assembly Systems, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Maine filing particulars

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$9M
Net Income$3M
Employer EIN010394214
Plan Effective Date2008-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Lanco Assembly Systems, Inc.)

Sponsor-wide plan assets over time

All Lanco Assembly Systems, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$27M 37.83679540411234% vs 2022
2024 filing year
$15M$20M$25M$30M 202220232024 $19.9M $27.5M ▲ +37.8%
Year Plans Participants Total Assets
2022 2 328 $20M
2023 2 290 $25M
2024 2 260 $27M

Nearby ESOP Plans in Maine

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

Lanco Assembly Systems, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Maine, assets vs. participants Scatter plot of 6 data points. 0100200300400500 020406080100 Total assets ($M) Participants Lanco Assembly Systems, Inc. Employee Stock Ownership Plan, Total assets ($M): 8.923426 · Participants: 129Lanco Assembly Systems, Inc. Employee Stock Ownership PlanSc Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 95.45285 · Participants: 479Sc Holdings, Inc. Employee Stock Ownership PlanMaine Drilling & Blasting Group Employee Stock Ownership Plan, Total assets ($M): 84.621407 · Participants: 425Maine Drilling & Blasting Group Employee Stock Ownership PlanJohnnys Selected Seeds Employee Stock Ownership Plan, Total assets ($M): 64.27302 · Participants: 249Johnnys Selected Seeds Employee Stock Ownership PlanSystems Engineering, Inc. Employee Stock Ownership Plan, Total assets ($M): 47.084805 · Participants: 175Systems Engineering, Inc. Employee Stock Ownership PlanPortland Air Freight, Inc. Employee Stock Ownership Plan, Total assets ($M): 45.49657 · Participants: 85Portland Air Freight, Inc. Employee Stock Ownership Plan
Lanco Assembly Systems, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Maine, assets vs. participants
Compare Lanco Assembly Systems, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Maine, the nearest ESOP by assets is Advantage Electric & Controls, Inc. Employee Stock Ownership Plan in MI ($9M); by covered participants it is Mosaic Employee Stock Ownership Plan in WA (129 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (129 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 Lanco Assembly Systems, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Lanco Assembly Systems, Inc. Employee Stock Ownership Plan surged - up 62.5% during 2023, from $5M to $9M. Reported net income was $3M.
How have Lanco Assembly Systems, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Lanco Assembly Systems, Inc.'s sponsor-wide assets grew 37.8%, from $20M to $27M.
Which ESOP plans are similar in size to Lanco Assembly Systems, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Advantage Electric & Controls, Inc. Employee Stock Ownership Plan in MI ($9M, 54 participants).
Which ESOP plans cover a similar participant headcount to Lanco Assembly Systems, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Mosaic Employee Stock Ownership Plan in WA (129 participants, $13M 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 010394214.

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.