ESOP · DOL Form 5500 · 2023

Cornwell Quality Tools Company ESOP

Data updated 2026-08-11

$58M
Total assets: 345
Participants: 87th
Percentile by assets: $169,503
Avg per participant

Official DOL plan name: The Cornwell Quality Tools Company Employee Stock Ownership Plan · Sponsored by Cornwell Quality Tools Company · Ohio · Manufacturing

$58M in assets, 345 participants

Cornwell Quality Tools Company's The Cornwell Quality Tools Company Employee Stock Ownership Plan reported $58M in total assets and 345 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

87th percentile by assets (of 127,072 plans)
#15,185 in Manufacturing (18,722 peers)

Coverage in Ohio

The Cornwell Quality Tools Company Employee Stock Ownership Plan covers 345 participants in Ohio, about 45% of the average Ohio filer (state average ~765 per filing). Assets: $58M.

$58M
total plan assets (2023 EOY): 345
covered participants: 87th
percentile by assets (of 127,072 plans): $169,503
avg assets per participant

Where The Cornwell Quality Tools Company Employee Stock Ownership Plan sits by total assets

The Cornwell Quality Tools Company Employee Stock Ownership Plan vs every filed plan by assets

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

$58,478,687 Top 13% higher than 87% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

The Cornwell Quality Tools Company Employee Stock Ownership Plan reported net income rose from -$4M in the plan year 2022 filing to $1M in the plan year 2023 filing.
The Cornwell Quality Tools Company Employee Stock Ownership Plan end-of-year assets rose from $57M in the plan year 2022 filing to $58M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Ohio

Industry

Manufacturing

Participants vs Ohio filers

In Ohio, the average filing covers about 765 participants across 5,089 plans. The Cornwell Quality Tools Company Employee Stock Ownership Plan reports 345 participants - about 45% of that state average ($58M EOY assets).

Ohio filing particulars

Total Assets (Beginning of Year)	$57M
Net Assets (End of Year)	$58M
Net Income	$1M
Employer EIN	340165010
Plan Effective Date	1998-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Cornwell Quality Tools Company)

Total plan assets by year, all Cornwell Quality Tools Company plans on file

Year	Plans	Participants	Total Assets
2022	2	638	$68M
2023	2	650	$70M
2024	2	669	$70M

Nearby ESOP Plans in Ohio

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

The Cornwell Quality Tools Company Employee Stock Ownership Plan vs. nearby ESOP plans in Ohio, assets vs. participants

Procter & Gamble Profit Sharing Trust & Employee Stock Ownership Plan $23.1B · 32,152
The Garland Industries, Inc. Employee Stock Ownership Plan & Trust $1.7B · 1,019
Messer Inc. Employee Stock Ownership Plan $622M · 873
Great Lakes Cheese Co., Inc. Employee Stock Ownership Plan $504M · 4,110
Cleveland Steel Container Corporation Employee Stock Ownership Plan $452M · 434

Compare The Cornwell Quality Tools Company Emplo… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to The Cornwell Quality Tools Company Employee Stock Ownership Plan by total assets, not by location.

Mayville Engineering Company, Inc. Employee Stock Ownership Plan (WI) $59M · 1,931
Liberty Pumps Employee Stock Ownership Plan (NY) $58M · 319
Godshall's Quality Meats Employee Stock Ownership Plan () $58M · 286
Charleston's Restaurant Group, Inc. Employee Stock Ownership Plan (OK) $58M · 9,111

Frequently Asked Questions

How did The Cornwell Quality Tools Company Employee Stock Ownership Plan assets move in 2023? ▼

The Cornwell Quality Tools Company Employee Stock Ownership Plan edged up modestly - up 2.4% during 2023, from $57M to $58M. Reported net income was $1M.

How have Cornwell Quality Tools Company plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Cornwell Quality Tools Company's sponsor-wide assets grew 2.9%, from $68M to $70M.

Where does The Cornwell Quality Tools Company Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼

The Cornwell Quality Tools Company Employee Stock Ownership Plan ranks in the 87th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).

Which ESOP plans are similar in size to The Cornwell Quality Tools Company Employee Stock Ownership Plan? ▼

Among ESOP plans in other states, the closest by assets is Mayville Engineering Company, Inc. Employee Stock Ownership Plan in WI ($59M, 1,931 participants).

Next read for The Cornwell Quality Tools Company Emplo…

Filing takeaways

Ways to act on The Cornwell Quality Tools Company Employee Stock Ownership Plan's numbers.

By total assets, The Cornwell Quality Tools Company Employee Stock Ownership Plan ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar ESOP plans in Ohio. Compare plans
Cornwell Quality Tools Company's sponsor-wide assets have grown 2.9% since 2022 across 3 plan years on file. More Manufacturing 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 340165010.