ESOP · DOL Form 5500 · 2023

Choate Construction Company ESOP

Data updated 2026-08-25

$408M
Total assets Above avg plan size
454
Participants Below avg headcount
97th
Percentile by assets National rank
$898,609
Avg per participant High balance/head
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Official DOL plan name: Choate Construction Company Employee Stock Ownership Plan · Sponsored by Choate Construction Company · Georgia · Construction

$408M in assets, 454 participants

Choate Construction Company's Choate Construction Company Employee Stock Ownership Plan reported $408M in total assets and 454 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

  • #8,716 in Construction (9,030 peers)

Coverage in Georgia

Choate Construction Company Employee Stock Ownership Plan covers 454 participants in Georgia, about 41% of the average Georgia filer (state average ~1,096 per filing). Assets: $408M.

#8,716
in Construction (9,030 peers)
+29.2%
assets growth YoY
4.1×
vs typical plan assets (national mean)

Choate Construction Company Employee Stock Ownership Plan's outsized position by total assets

Choate Construction Company Employee Stock Ownership Plan vs every filed plan by assets

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

$407,968,435 Top 3% higher than 97% 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

Choate Construction Company 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. Choate Construction Company Employee Stock Ownership Plan sits mid-pack in the medium band (454 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Choate Construction Company Employee Stock Ownership Plan end-of-year assets rose from $316M in the plan year 2022 filing to $408M in the plan year 2023 filing.
  • Choate Construction Company Employee Stock Ownership Plan reported net income rose from $76M in the plan year 2022 filing to $93M in the plan year 2023 filing.
  • Choate Construction Company Employee Stock Ownership Plan reported participants rose from 424 in the plan year 2022 filing to 454 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 581851823 · Choate Construction Company PY 2023 · ESOP

Choate Construction Company Employee Stock Ownership Plan · $408M · 454 · 97th

  • 5500 $408M
  • ASSETS 454
  • PCT 97th
  • EIN ESOP
  • RANK near Westat, Inc. Employee Stock Ownership Plan
  • PHOTO ind #8716

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 Georgia →

Choate Construction Company Employee Stock Ownership Plan in the asset neighbourhood

Ecc Employee Stock Ownership PlanEcc Employee Stock Ownership…$411MChoate Construction Company Employee Stock Ownership PlanChoate Construction Company …$408MWestat, Inc. Employee Stock Ownership PlanWestat, Inc. Employee Stock …$407MNorth Coast Holdings Employee Stock Ownership PlanNorth Coast Holdings Employe…$406MVgm Group, Inc. Employee Stock Ownership PlanVgm Group, Inc. Employee Sto…$406M
End-of-year total assets ($M) among Choate Construction Company Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Georgia filing particulars

Total Assets (Beginning of Year)$316M
Net Assets (End of Year)$352M
Net Income$93M
Employer EIN581851823
Plan Effective Date2016-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Choate Construction Company)

Sponsor-wide plan assets over time

All Choate Construction Company plans reported in each filing year

Latest sponsor-wide plan assets
$637M 67.03327969225776% vs 2022
2024 filing year
$300M$400M$500M$600M$700M 202220232024 $381M $637M ▲ +67.0%
Year Plans Participants Total Assets
2022 2 921 $381M
2023 2 998 $485M
2024 2 1,057 $637M

Nearby ESOP Plans in Georgia

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

Choate Construction Company Employee Stock Ownership Plan vs. nearby ESOP plans in Georgia, assets vs. participants Scatter plot of 6 data points. -5000500100015002000 0200400600800 Total assets ($M) Participants Choate Construction Company Employee Stock Ownership Plan, Total assets ($M): 407.968435 · Participants: 454Choate Construction Company Employee Stock Ownership PlanWarehouse Home Furnishings Distributors, Inc. Employee Stock Ownership Plan, Total assets ($M): 664.601691 · Participants: 1772Warehouse Home Furnishings Distributors, Inc. Employee Stock Ownership PlanBrent Scarbrough & Company Employee Stock Ownership Plan, Total assets ($M): 366.989824 · Participants: 439Brent Scarbrough & Company Employee Stock Ownership PlanAubrey Silvey Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 222.074562 · Participants: 424Aubrey Silvey Enterprises, Inc. Employee Stock Ownership PlanDixie Plywood and Lumber Company Employee Stock Ownership Plan, Total assets ($M): 208.200343 · Participants: 327Dixie Plywood and Lumber Company Employee Stock Ownership PlanGeorgia Cryoservices Employee Stock Ownership Plan, Total assets ($M): 130.220385 · Participants: 33Georgia Cryoservices Employee Stock Ownership Plan
Choate Construction Company Employee Stock Ownership Plan vs. nearby ESOP plans in Georgia, assets vs. participants
Compare Choate Construction Company Employee Stock Ownership Plan side-by-side with 3 peers →

Choate Construction Company Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Georgia, the nearest ESOP by assets is Westat, Inc. Employee Stock Ownership Plan in MD ($407M); by covered participants it is Folience, Inc. Employee Stock Ownership Plan in IA (455 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($408M here).

Similar participant headcount

Nearest other-state filings by covered participants (454 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 Choate Construction Company Employee Stock Ownership Plan assets move in 2023? ▼
Choate Construction Company Employee Stock Ownership Plan grew sharply - up 29.2% during 2023, from $316M to $408M. Reported net income was $93M.
How have Choate Construction Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Choate Construction Company's sponsor-wide assets grew 67.0%, from $381M to $637M.
Where does Choate Construction Company Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Choate Construction Company Employee Stock Ownership Plan ranks in the 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which ESOP plans are similar in size to Choate Construction Company Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Westat, Inc. Employee Stock Ownership Plan in MD ($407M, 3,046 participants).
Which ESOP plans cover a similar participant headcount to Choate Construction Company Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Folience, Inc. Employee Stock Ownership Plan in IA (455 participants, $39M 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 581851823.

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.