ESOP · DOL Form 5500 · 2023

Rael & Letson ESOP

Data updated 2026-08-25

$8M
Total assets Small plan by assets
59
Participants Small participant base
53rd
Percentile by assets National rank
$129,187
Avg per participant Near avg balance/head
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Official DOL plan name: Rael & Letson Employee Stock Ownership Plan · Sponsored by Rael & Letson · California · Professional & Technical Services

$8M in assets, 59 participants

Rael & Letson's Rael & Letson Employee Stock Ownership Plan reported $8M in total assets and 59 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.

  • #10,401 in Professional & Technical Services (20,321 peers)

What the 2023 filing shows

Rael & Letson Employee Stock Ownership Plan holds $8M for 59 participants - about $129,187 per participant, above the median plan by assets.

#10,401
in Professional & Technical Services (20,321 peers)
-1.5%
assets change YoY

The plan reported a net loss of $116K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Rael & Letson Employee Stock Ownership Plan's mid-pack asset rank among Professional & Technical Services and all filers

Rael & Letson Employee Stock Ownership Plan vs every filed plan by assets

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

$7,622,062 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

Rael & Letson Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Rael & Letson Employee Stock Ownership Plan is a small filing (59 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Rael & Letson Employee Stock Ownership Plan reported net income fell from $299K in the plan year 2022 filing to -$116K in the plan year 2023 filing.
  • Rael & Letson Employee Stock Ownership Plan end-of-year assets fell from $8M in the plan year 2022 filing to $8M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 941701048 · Rael & Letson PY 2023 · ESOP

Rael & Letson Employee Stock Ownership Plan · $8M · 59 · 53rd

  • IND $8M
  • EOY 59
  • 5500 53rd
  • ASSETS ESOP
  • PCT near Pinnacle Plastic Products Employee Stock Ownership Plan
  • EIN ind #10401

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 California →

Rael & Letson Employee Stock Ownership Plan in the asset neighbourhood

Rael & Letson Employee Stock Ownership PlanRael & Letson Employee Stock…$8MPinnacle Plastic Products Employee Stock Ownership PlanPinnacle Plastic Products Em…$8MStock Ownership Plan & Trust of Stone & Ward Inc.Stock Ownership Plan & Trust…$8MMartin Painting & Coating Company Employee Stock Ownership PlanMartin Painting & Coating Co…$8MCole's Employee Stock Ownership Plan & Trust AgreementCole's Employee Stock Owners…$8M
End-of-year total assets ($M) among Rael & Letson Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Filing particulars (2023)

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$8M
Net Income-$116K
Employer EIN941701048
Plan Effective Date2003-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Rael & Letson)

Sponsor-wide plan assets over time

All Rael & Letson plans reported in each filing year

Latest sponsor-wide plan assets
$12M 1.7381711558288941% vs 2022
2024 filing year
$11.7M$11.8M$11.9M$12M$12.1M 202220232024 $12M $11.8M ▼ -1.8%
Year Plans Participants Total Assets
2022 2 65 $12M
2023 2 65 $12M
2024 2 73 $12M

Nearby ESOP Plans in California

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

Rael & Letson Employee Stock Ownership Plan vs. nearby ESOP plans in California, assets vs. participants Scatter plot of 6 data points. -20000200040006000800010000 -101234 Total assets ($B) Participants Rael & Letson Employee Stock Ownership Plan, Total assets ($B): 0.007622062 · Participants: 59Rael & Letson Employee Stock Ownership PlanParsons Employee Stock Ownership Plan, Total assets ($B): 3.757068542 · Participants: 7871Parsons Employee Stock Ownership PlanAcco Employee Stock Ownership Plan, Total assets ($B): 1.444524335 · Participants: 1397Acco Employee Stock Ownership PlanRosendin Electric, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.125537204 · Participants: 1700Rosendin Electric, Inc. Employee Stock Ownership PlanAgron, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.533004512 · Participants: 72Agron, Inc. Employee Stock Ownership PlanRecology Employee Stock Ownership Plan, Total assets ($B): 0.497089527 · Participants: 3656Recology Employee Stock Ownership Plan
Rael & Letson Employee Stock Ownership Plan vs. nearby ESOP plans in California, assets vs. participants
Compare Rael & Letson Employee Stock Ownership Plan side-by-side with 3 peers →

Rael & Letson Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside California, the nearest ESOP by assets is Pinnacle Plastic Products Employee Stock Ownership Plan in OH ($8M); by covered participants it is Generations Bank Employee Stock Ownership Plan in NY (59 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (59 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 Rael & Letson Employee Stock Ownership Plan assets move in 2023? ▼
Rael & Letson Employee Stock Ownership Plan edged down modestly - down 1.5% during 2023, from $8M to $8M. Reported net income was -$116K.
How have Rael & Letson plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Rael & Letson's sponsor-wide assets declined 1.7%, from $12M to $12M.
Which ESOP plans are similar in size to Rael & Letson Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Pinnacle Plastic Products Employee Stock Ownership Plan in OH ($8M, 92 participants).
Which ESOP plans cover a similar participant headcount to Rael & Letson Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Generations Bank Employee Stock Ownership Plan in NY (59 participants, $1M 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 941701048.

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.