ESOP · DOL Form 5500 · 2023

Wescom, Inc. ESOP

Data updated 2026-08-25

$4M
Total assets Small plan by assets
186
Participants Below avg headcount
42nd
Percentile by assets National rank
$23,496
Avg per participant Low balance/head
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Official DOL plan name: Wescom, Inc. Employee Stock Ownership Plan · Sponsored by Wescom, Inc. · Minnesota · Construction

$4M in assets, 186 participants

Wescom, Inc.'s Wescom, Inc. Employee Stock Ownership Plan reported $4M in total assets and 186 participants in its 2023 DOL Form 5500 filing, ranking in the 42nd 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.

  • #3,576 in Construction (9,030 peers)

Coverage in Minnesota

Wescom, Inc. Employee Stock Ownership Plan covers 186 participants in Minnesota, about 17% of the average Minnesota filer (state average ~1,126 per filing). Assets: $4M.

#3,576
in Construction (9,030 peers)
+89.8%
assets growth YoY

The plan reported a net loss of $6M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

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

Wescom, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$4,370,233 42nd percentile higher than 42% 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

Wescom, 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. Wescom, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (186 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Wescom, Inc. Employee Stock Ownership Plan reported net income fell from $2M in the plan year 2022 filing to -$6M in the plan year 2023 filing.
  • Wescom, Inc. Employee Stock Ownership Plan end-of-year assets rose from $2M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Wescom, Inc. Employee Stock Ownership Plan reported participants rose from 138 in the plan year 2022 filing to 186 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 460460708 · Wescom, Inc. PY 2023 · ESOP

Wescom, Inc. Employee Stock Ownership Plan · $4M · 186 · 42nd

  • 5500 $4M
  • ASSETS 186
  • PCT 42nd
  • EIN ESOP
  • RANK near Manning, Squires, Hennig Co., Inc. Employee Stock Ownership Plan
  • PHOTO ind #3576

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 Minnesota →

Wescom, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Barbour Publishing Employee Stock Ownership PlanBarbour Publishing Employee …$4MWescom, Inc. Employee Stock Ownership PlanWescom, Inc. Employee Stock …$4MManning, Squires, Hennig Co., Inc. Employee Stock Ownership PlanManning, Squires, Hennig Co.…$4MThe Howard Company, Inc. Employee Stock Ownership PlanThe Howard Company, Inc. Emp…$4MJames Monroe Corp. ESOP$4M
End-of-year total assets ($M) among Wescom, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)-$4M
Net Income-$6M
Employer EIN460460708
Plan Effective Date2021-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Wescom, Inc.)

Sponsor-wide plan assets over time

All Wescom, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$20M 285.27318652109574% vs 2022
2024 filing year
$0M$5M$10M$15M$20M$25M 202220232024 $5.15M $19.8M ▲ +284.9%
Year Plans Participants Total Assets
2022 2 263 $5M
2023 1 186 $4M
2024 2 492 $20M

Nearby ESOP Plans in Minnesota

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

Wescom, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -20002004006008001000 Total assets ($M) Participants Wescom, Inc. Employee Stock Ownership Plan, Total assets ($M): 4.370233 · Participants: 186Wescom, Inc. Employee Stock Ownership PlanAndersen Corporation Employee Stock Ownership Plan, Total assets ($M): 899.073238 · Participants: 11644Andersen Corporation Employee Stock Ownership PlanKingdom Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 497.538965 · Participants: 789Kingdom Enterprises, Inc. Employee Stock Ownership PlanLandscape Structures, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 432.374379 · Participants: 446Landscape Structures, Inc. Employee Stock Ownership Plan and TrustHormel Foods Corporation Joint Earnings Profit Sharing Trust, Total assets ($M): 431.874919 · Participants: 4575Hormel Foods Corporation Joint Earnings Profit Sharing TrustForce America Inc. Employee Stock Ownership Plan, Total assets ($M): 426.610266 · Participants: 412Force America Inc. Employee Stock Ownership Plan
Wescom, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Wescom, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Minnesota, the nearest ESOP by assets is Manning, Squires, Hennig Co., Inc. Employee Stock Ownership Plan in NY ($4M); by covered participants it is Golden Artist Colors, Inc. Employee Stock Ownership Plan in NY (186 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (186 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 Wescom, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Wescom, Inc. Employee Stock Ownership Plan surged - up 89.8% during 2023, from $2M to $4M. Reported net income was -$6M.
How have Wescom, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Wescom, Inc.'s sponsor-wide assets grew 285.3%, from $5M to $20M.
Which ESOP plans are similar in size to Wescom, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Manning, Squires, Hennig Co., Inc. Employee Stock Ownership Plan in NY ($4M, 41 participants).
Which ESOP plans cover a similar participant headcount to Wescom, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Golden Artist Colors, Inc. Employee Stock Ownership Plan in NY (186 participants, $16M 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 460460708.

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.