ESOP · DOL Form 5500 · 2023

Varney, Inc ESOP

Data updated 2026-08-25

$8M
Total assets Small plan by assets
145
Participants Small participant base
53rd
Percentile by assets National rank
$54,412
Avg per participant Low balance/head
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Official DOL plan name: Varney, Inc Employee Stock Ownership Plan and Trust · Sponsored by Varney, Inc · Virginia · Construction

$8M in assets, 145 participants

Varney, Inc's Varney, Inc Employee Stock Ownership Plan and Trust reported $8M in total assets and 145 participants in its 2023 DOL Form 5500 filing, ranking in the 53rd 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.

  • #4,688 in Construction (9,030 peers)

Coverage in Virginia

Varney, Inc Employee Stock Ownership Plan and Trust covers 145 participants in Virginia, about 19% of the average Virginia filer (state average ~782 per filing). Assets: $8M.

#4,688
in Construction (9,030 peers)
+27.5%
assets growth YoY

Varney, Inc Employee Stock Ownership Plan and Trust's mid-pack asset rank among Construction and all filers

Varney, Inc Employee Stock Ownership Plan and Trust vs every filed plan by assets

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

$7,889,766 Top 47% higher than 53% 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

Varney, Inc Employee Stock Ownership 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. Varney, Inc Employee Stock Ownership Plan and Trust sits mid-pack in the medium band (145 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Varney, Inc Employee Stock Ownership Plan and Trust reported net income rose from $380K in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Varney, Inc Employee Stock Ownership Plan and Trust end-of-year assets rose from $6M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Varney, Inc Employee Stock Ownership Plan and Trust reported participants fell from 150 in the plan year 2022 filing to 145 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 540791615 · Varney, Inc PY 2023 · ESOP

Varney, Inc Employee Stock Ownership Plan and Trust · $8M · 145 · 53rd

  • 5500 $8M
  • ASSETS 145
  • PCT 53rd
  • EIN ESOP
  • RANK near C. S. Davidson, Inc. Employee Stock Ownership Plan
  • PHOTO ind #4688

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 →

Varney, Inc Employee Stock Ownership Plan and Trust in the asset neighbourhood

Arrowpac, Inc. Employee Stock Ownership PlanArrowpac, Inc. Employee Stoc…$8MVarney, Inc Employee Stock Ownership Plan and TrustVarney, Inc Employee Stock O…$8MC. S. Davidson, Inc. Employee Stock Ownership PlanC. S. Davidson, Inc. Employe…$8MCrafts, Inc. Employee Stock Ownership PlanCrafts, Inc. Employee Stock …$8MD/T Carson Enterprises Employee Stock Ownership PlanD/T Carson Enterprises Emplo…$8M
End-of-year total assets ($M) among Varney, Inc Employee Stock Ownership Plan and Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$8M
Net Income$2M
Employer EIN540791615
Plan Effective Date1997-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Varney, Inc)

Sponsor-wide plan assets over time

All Varney, Inc plans reported in each filing year

Latest sponsor-wide plan assets
$19M 60.64875695149109% vs 2022
2024 filing year
$10M$15M$20M$25M 202220232024 $12M $19.3M ▲ +60.7%
Year Plans Participants Total Assets
2022 2 323 $12M
2023 2 315 $15M
2024 2 298 $19M

Nearby ESOP Plans in Virginia

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

Varney, Inc Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Virginia, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -0.500.511.5 Total assets ($B) Participants Varney, Inc Employee Stock Ownership Plan and Trust, Total assets ($B): 0.007889766 · Participants: 145Varney, Inc Employee Stock Ownership 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
Varney, Inc Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Virginia, assets vs. participants
Compare Varney, Inc Employee Stock Ownership Plan and Trust side-by-side with 3 peers →

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

Outside Virginia, the nearest ESOP by assets is C. S. Davidson, Inc. Employee Stock Ownership Plan in PA ($8M); by covered participants it is Sdi Education, Inc. Employee Stock Ownership Plan in AZ (145 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (145 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 Varney, Inc Employee Stock Ownership Plan and Trust assets move in 2023? ▼
Varney, Inc Employee Stock Ownership Plan and Trust grew sharply - up 27.5% during 2023, from $6M to $8M. Reported net income was $2M.
How have Varney, Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Varney, Inc's sponsor-wide assets grew 60.6%, from $12M to $19M.
Which ESOP plans are similar in size to Varney, Inc Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by assets is C. S. Davidson, Inc. Employee Stock Ownership Plan in PA ($8M, 79 participants).
Which ESOP plans cover a similar participant headcount to Varney, Inc Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by covered participants is Sdi Education, Inc. Employee Stock Ownership Plan in AZ (145 participants, $69M 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 540791615.

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.