ESOP · DOL Form 5500 · 2023
United Forming, Inc. ESOP
Data updated 2026-08-11
- $19M
- Total assets
- 325
- Participants
- 71st
- Percentile by assets
- $57,337
- Avg per participant
Official DOL plan name: United Forming, Inc. Employee Stock Ownership Plan · Sponsored by United Forming, Inc. · Georgia · Construction
$19M in assets, 325 participants
United Forming, Inc.'s United Forming, Inc. Employee Stock Ownership Plan reported $19M in total assets and 325 participants in its 2023 DOL Form 5500 filing, ranking in the 71st 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.
- 71st percentile by assets (of 127,072 plans)
- #6,327 in Construction (9,030 peers)
Coverage in Georgia
United Forming, Inc. Employee Stock Ownership Plan covers 325 participants in Georgia, about 30% of the average Georgia filer (state average ~1,096 per filing). Assets: $19M.
- $19M
- total plan assets (2023 EOY)
- 325
- covered participants
- 71st
- percentile by assets (of 127,072 plans)
- $57,337
- avg assets per participant
The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- United Forming, Inc. Employee Stock Ownership Plan reported net income fell from -$1M in the plan year 2022 filing to -$5M in the plan year 2023 filing.
- United Forming, Inc. Employee Stock Ownership Plan reported participants rose from 156 in the plan year 2022 filing to 325 in the plan year 2023 filing.
- United Forming, Inc. Employee Stock Ownership Plan end-of-year assets fell from $24M in the plan year 2022 filing to $19M in the plan year 2023 filing.
Participants vs Georgia filers
In Georgia, the average filing covers about 1,096 participants across 3,635 plans. United Forming, Inc. Employee Stock Ownership Plan reports 325 participants - about 30% of that state average ($19M EOY assets).
Georgia filing particulars
| Total Assets (Beginning of Year) | $24M |
|---|---|
| Net Assets (End of Year) | $9M |
| Net Income | -$5M |
| Employer EIN | 581604050 |
| Plan Effective Date | 2001-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (United Forming, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 319 | $38M |
| 2023 | 2 | 468 | $34M |
| 2024 | 2 | 271 | $40M |
Nearby ESOP Plans in Georgia
Peer ESOP plans, same state, same plan type, ranked by total assets.
United Forming, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Georgia, assets vs. participants
- Warehouse Home Furnishings Distributors, Inc. Employee Stock Ownership Plan $665M · 1,772
- Choate Construction Company Employee Stock Ownership Plan $408M · 454
- Brent Scarbrough & Company Employee Stock Ownership Plan $367M · 439
- Aubrey Silvey Enterprises, Inc. Employee Stock Ownership Plan $222M · 424
- Dixie Plywood and Lumber Company Employee Stock Ownership Plan $208M · 327
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to United Forming, Inc. Employee Stock Ownership Plan by total assets, not by location.
Frequently Asked Questions
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How have United Forming, Inc. plan assets changed over time? ▼
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Filing takeaways
Ways to act on United Forming, Inc. Employee Stock Ownership Plan's numbers.
- By total assets, United Forming, Inc. Employee Stock Ownership Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Georgia. Compare plans
- United Forming, Inc.'s sponsor-wide assets have grown 3.7% since 2022 across 3 plan years on file. More Construction plans