ESOP · DOL Form 5500 · 2023

State Utility Contractors, Inc. ESOP

Data updated 2026-08-11

$86M
Total assets: 144
Participants: 90th
Percentile by assets: $596,361
Avg per participant

Official DOL plan name: State Utility Contractors, Inc. Employee Stock Ownership Plan · Sponsored by State Utility Contractors, Inc. · North Carolina · Construction

$86M in assets, 144 participants

State Utility Contractors, Inc.'s State Utility Contractors, Inc. Employee Stock Ownership Plan reported $86M in total assets and 144 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

90th percentile by assets (of 127,072 plans)
#7,982 in Construction (9,030 peers)

Coverage in North Carolina

State Utility Contractors, Inc. Employee Stock Ownership Plan covers 144 participants in North Carolina, about 18% of the average North Carolina filer (state average ~819 per filing). Assets: $86M.

$86M
total plan assets (2023 EOY): 144
covered participants: 90th
percentile by assets (of 127,072 plans): $596,361
avg assets per participant

State Utility Contractors, Inc. Employee Stock Ownership Plan reported net income fell from $32M in the plan year 2022 filing to $3M in the plan year 2023 filing.
State Utility Contractors, Inc. Employee Stock Ownership Plan end-of-year assets rose from $82M in the plan year 2022 filing to $86M in the plan year 2023 filing.
State Utility Contractors, Inc. Employee Stock Ownership Plan reported participants fell from 147 in the plan year 2022 filing to 144 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

North Carolina

Industry

Construction

Participants vs North Carolina filers

In North Carolina, the average filing covers about 819 participants across 3,515 plans. State Utility Contractors, Inc. Employee Stock Ownership Plan reports 144 participants - about 18% of that state average ($86M EOY assets).

North Carolina filing particulars

Total Assets (Beginning of Year)	$82M
Net Assets (End of Year)	$78M
Net Income	$3M
Employer EIN	561444827
Plan Effective Date	1996-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (State Utility Contractors, Inc.)

Total plan assets by year, all State Utility Contractors, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	2	299	$95M
2023	2	294	$101M
2024	2	325	$137M

Nearby ESOP Plans in North Carolina

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

State Utility Contractors, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants

Columbia Forest Products, Inc. Employee Stock Ownership Plan and Trust $182M · 1,330
Ecmd, Inc. Employee Stock Ownership Plan $132M · 922
Precision Walls, Inc. Employee Stock Ownership Plan $111M · 1,028
Robert E. Mason & Associates, Inc. Employee Stock Ownership Plan $102M · 273
Mckim & Creed, Inc. Employee Stock Ownership Plan $84M · 867

Compare State Utility Contractors, Inc. Employee… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

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

Shared Medical Services Employee Stock Ownership Plan (WI) $86M · 317
Southwestern Financial Corporation Employee Stock Ownership Plan (AZ) $86M · 157
Columbia Bank Employee Stock Ownership Plan (NJ) $86M · 729
Arco/Murray National Holdings, Inc. Employee Stock Ownership Plan (MO) $85M · 612

Frequently Asked Questions

How did State Utility Contractors, Inc. Employee Stock Ownership Plan assets move in 2023? ▼

State Utility Contractors, Inc. Employee Stock Ownership Plan edged up modestly - up 4.3% during 2023, from $82M to $86M. Reported net income was $3M.

How have State Utility Contractors, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), State Utility Contractors, Inc.'s sponsor-wide assets grew 44.2%, from $95M to $137M.

Where does State Utility Contractors, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼

State Utility Contractors, Inc. Employee Stock Ownership Plan ranks in the 90th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).

Which ESOP plans are similar in size to State Utility Contractors, Inc. Employee Stock Ownership Plan? ▼

Among ESOP plans in other states, the closest by assets is Shared Medical Services Employee Stock Ownership Plan in WI ($86M, 317 participants).

Next read for State Utility Contractors, Inc. Employee…

Filing takeaways

Ways to act on State Utility Contractors, Inc. Employee Stock Ownership Plan's numbers.

By total assets, State Utility Contractors, Inc. Employee Stock Ownership Plan ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar ESOP plans in North Carolina. Compare plans
State Utility Contractors, Inc.'s sponsor-wide assets have grown 44.2% since 2022 across 3 plan years on file. More Construction plans

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 561444827.