ESOP · DOL Form 5500 · 2023

Choate Construction Company ESOP

Data updated 2026-08-11

$408M
Total assets: 454
Participants: 97th
Percentile by assets: $898,609
Avg per participant

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.

97th percentile by assets (of 127,072 plans)
#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.

$408M
total plan assets (2023 EOY): 454
covered participants: 97th
percentile by assets (of 127,072 plans): $898,609
avg assets per participant

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 →

State

Georgia

Industry

Construction

Participants vs Georgia filers

In Georgia, the average filing covers about 1,096 participants across 3,635 plans. Choate Construction Company Employee Stock Ownership Plan reports 454 participants - about 41% of that state average ($408M EOY assets).

Georgia filing particulars

Total Assets (Beginning of Year)	$316M
Net Assets (End of Year)	$352M
Net Income	$93M
Employer EIN	581851823
Plan Effective Date	2016-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Choate Construction Company)

Total plan assets by year, all Choate Construction Company plans on file

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

Warehouse Home Furnishings Distributors, Inc. Employee Stock Ownership Plan $665M · 1,772
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
Georgia Cryoservices Employee Stock Ownership Plan $130M · 33

Compare Choate Construction Company Employee Sto… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Choate Construction Company Employee Stock Ownership Plan by total assets, not by location.

Westat, Inc. Employee Stock Ownership Plan (MD) $407M · 3,046
North Coast Holdings Employee Stock Ownership Plan (NY) $406M · 4,467
Vgm Group, Inc. Employee Stock Ownership Plan (IA) $406M · 1,070
Ecc Employee Stock Ownership Plan (CA) $411M · 305

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).

Next read for Choate Construction Company Employee Sto…

Filing takeaways

Ways to act on Choate Construction Company Employee Stock Ownership Plan's numbers.

By total assets, Choate Construction Company Employee Stock Ownership Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar ESOP plans in Georgia. Compare plans
Choate Construction Company's sponsor-wide assets have grown 67.0% 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 581851823.