ESOP · DOL Form 5500 · 2023

Cornwell Quality Tools Company ESOP

Data updated 2026-08-25

$58M
Total assets Below avg plan size
345
Participants Below avg headcount
87th
Percentile by assets National rank
$169,503
Avg per participant Above avg balance/head
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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.

  • #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.

#15,185
in Manufacturing (18,722 peers)
+2.4%
assets growth YoY
0.6×
vs typical plan assets (national mean)

The Cornwell Quality Tools Company Employee Stock Ownership Plan's outsized position 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

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

The Cornwell Quality Tools 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. The Cornwell Quality Tools Company Employee Stock Ownership Plan sits mid-pack in the medium band (345 participants).

What changed between DOL Form 5500 filings

plan year 2022 → 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 →

Published 5500 schedule card

Filing strip 340165010 · Cornwell Quality Tools Company PY 2023 · ESOP

The Cornwell Quality Tools Company Employee Stock Ownership Plan · $58M · 345 · 87th

  • PART $58M
  • PART 345
  • PART 87th
  • PART ESOP
  • PART near Mayville Engineering Company, Inc. Employee Stock Ownership Plan
  • PART ind #15185

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 Ohio →

The Cornwell Quality Tools Company Employee Stock Ownership Plan in the asset neighbourhood

Mayville Engineering Company, Inc. Employee Stock Ownership PlanMayville Engineering Company…$59MThe Cornwell Quality Tools Company Employee Stock Ownership PlanThe Cornwell Quality Tools C…$58MLiberty Pumps Employee Stock Ownership PlanLiberty Pumps Employee Stock…$58MGodshall's Quality Meats Employee Stock Ownership PlanGodshall's Quality Meats Emp…$58MCharleston's Restaurant Group, Inc. Employee Stock Ownership PlanCharleston's Restaurant Grou…$58M
End-of-year total assets ($M) among The Cornwell Quality Tools Company Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Ohio filing particulars

Total Assets (Beginning of Year)$57M
Net Assets (End of Year)$58M
Net Income$1M
Employer EIN340165010
Plan Effective Date1998-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Cornwell Quality Tools Company)

Sponsor-wide plan assets over time

All Cornwell Quality Tools Company plans reported in each filing year

Latest sponsor-wide plan assets
$70M 2.8891424082355046% vs 2022
2024 filing year
$67M$68M$69M$70M$71M 202220232024 $67.7M $69.6M ▲ +2.9%
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 Scatter plot of 6 data points. -10000010000200003000040000 -100102030 Total assets ($B) Participants The Cornwell Quality Tools Company Employee Stock Ownership Plan, Total assets ($B): 0.058478687 · Participants: 345The Cornwell Quality Tools Company Employee Stock Ownership PlanProcter & Gamble Profit Sharing Trust & Employee Stock Ownership Plan, Total assets ($B): 23.091305753 · Participants: 32152Procter & Gamble Profit Sharing Trust & Employee Stock Ownership PlanThe Garland Industries, Inc. Employee Stock Ownership Plan & Trust, Total assets ($B): 1.692644904 · Participants: 1019The Garland Industries, Inc. Employee Stock Ownership Plan & TrustMesser Inc. Employee Stock Ownership Plan, Total assets ($B): 0.62249774 · Participants: 873Messer Inc. Employee Stock Ownership PlanGreat Lakes Cheese Co., Inc. Employee Stock Ownership Plan, Total assets ($B): 0.504257458 · Participants: 4110Great Lakes Cheese Co., Inc. Employee Stock Ownership PlanCleveland Steel Container Corporation Employee Stock Ownership Plan, Total assets ($B): 0.451883636 · Participants: 434Cleveland Steel Container Corporation Employee Stock Ownership Plan
The Cornwell Quality Tools Company Employee Stock Ownership Plan vs. nearby ESOP plans in Ohio, assets vs. participants
Compare The Cornwell Quality Tools Company Employee Stock Ownership Plan side-by-side with 3 peers →

The Cornwell Quality Tools Company Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Ohio, the nearest ESOP by assets is Mayville Engineering Company, Inc. Employee Stock Ownership Plan in WI ($59M); by covered participants it is Toltz King Duvall Anderson and Associates Incorpor Employee Stock Ownership Plan in MN (345 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (345 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 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).
Which ESOP plans cover a similar participant headcount to The Cornwell Quality Tools Company Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Toltz King Duvall Anderson and Associates Incorpor Employee Stock Ownership Plan in MN (345 participants, $52M 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 340165010.

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.