ESOP · DOL Form 5500 · 2023

National Spinning Co., Inc. ESOP

Data updated 2026-08-25

$6M
Total assets Small plan by assets
231
Participants Below avg headcount
48th
Percentile by assets National rank
$26,258
Avg per participant Low balance/head
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Official DOL plan name: National Spinning Co., Inc. Employee Stock Ownership Plan · Sponsored by National Spinning Co., Inc. · North Carolina · Manufacturing

$6M in assets, 231 participants

National Spinning Co., Inc.'s National Spinning Co., Inc. Employee Stock Ownership Plan reported $6M in total assets and 231 participants in its 2023 DOL Form 5500 filing, ranking in the 48th 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.

  • #5,986 in Manufacturing (18,722 peers)

Coverage in North Carolina

National Spinning Co., Inc. Employee Stock Ownership Plan covers 231 participants in North Carolina, about 28% of the average North Carolina filer (state average ~819 per filing). Assets: $6M.

#5,986
in Manufacturing (18,722 peers)
+109.7%
assets growth YoY

National Spinning Co., Inc. Employee Stock Ownership Plan's mid-pack asset rank among Manufacturing and all filers

National Spinning Co., Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$6,065,608 48th percentile higher than 48% 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

National Spinning Co., Inc. 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. National Spinning Co., Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (231 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • National Spinning Co., Inc. Employee Stock Ownership Plan reported net income rose from -$489K in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • National Spinning Co., Inc. Employee Stock Ownership Plan end-of-year assets rose from $3M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • National Spinning Co., Inc. Employee Stock Ownership Plan reported participants fell from 275 in the plan year 2022 filing to 231 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 111117990 · National Spinning Co., Inc. PY 2023 · ESOP

National Spinning Co., Inc. Employee Stock Ownership Plan · $6M · 231 · 48th

  • BOY $6M
  • BOY 231
  • BOY 48th
  • BOY ESOP
  • BOY near M.J. Wells & Associates, Inc. Employee Stock Ownership Plan
  • BOY ind #5986

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 North Carolina →

National Spinning Co., Inc. Employee Stock Ownership Plan in the asset neighbourhood

National Spinning Co., Inc. Employee Stock Ownership PlanNational Spinning Co., Inc. …$6MM.J. Wells & Associates, Inc. Employee Stock Ownership PlanM.J. Wells & Associates, Inc…$6MRichard, Wayne & Roberts, Inc. Employee Stock Ownership PlanRichard, Wayne & Roberts, In…$6MHill Wood Products, Inc. Employee Stock Ownership PlanHill Wood Products, Inc. Emp…$6MHigman Equipment Company, Inc. Employee Stock Ownership Plan and Trust AgreementHigman Equipment Company, In…$6M
End-of-year total assets ($M) among National Spinning Co., Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)-$5M
Net Income$4M
Employer EIN111117990
Plan Effective Date1992-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (National Spinning Co., Inc.)

Sponsor-wide plan assets over time

All National Spinning Co., Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$12M 7.440201073008142% vs 2022
2024 filing year
$10M$11M$12M$13M$14M$15M 202220232024 $10.9M $11.7M ▲ +7.5%
Year Plans Participants Total Assets
2022 2 583 $11M
2023 2 476 $14M
2024 2 399 $12M

Nearby ESOP Plans in North Carolina

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

National Spinning Co., Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants Scatter plot of 6 data points. 050010001500 -50050100150200 Total assets ($M) Participants National Spinning Co., Inc. Employee Stock Ownership Plan, Total assets ($M): 6.065608 · Participants: 231National Spinning Co., Inc. Employee Stock Ownership PlanColumbia Forest Products, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 181.705477 · Participants: 1330Columbia Forest Products, Inc. Employee Stock Ownership Plan and TrustEcmd, Inc. Employee Stock Ownership Plan, Total assets ($M): 131.739406 · Participants: 922Ecmd, Inc. Employee Stock Ownership PlanPrecision Walls, Inc. Employee Stock Ownership Plan, Total assets ($M): 111.490037 · Participants: 1028Precision Walls, Inc. Employee Stock Ownership PlanRobert E. Mason & Associates, Inc. Employee Stock Ownership Plan, Total assets ($M): 102.100516 · Participants: 273Robert E. Mason & Associates, Inc. Employee Stock Ownership PlanState Utility Contractors, Inc. Employee Stock Ownership Plan, Total assets ($M): 85.875992 · Participants: 144State Utility Contractors, Inc. Employee Stock Ownership Plan
National Spinning Co., Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants
Compare National Spinning Co., Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

National Spinning Co., Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside North Carolina, the nearest ESOP by assets is M.J. Wells & Associates, Inc. Employee Stock Ownership Plan in VA ($6M); by covered participants it is Ankrom Moisan Associated Architects Employee Stock Ownership Plan in OR (231 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (231 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 National Spinning Co., Inc. Employee Stock Ownership Plan assets move in 2023? ▼
National Spinning Co., Inc. Employee Stock Ownership Plan surged - up 109.7% during 2023, from $3M to $6M. Reported net income was $4M.
How have National Spinning Co., Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), National Spinning Co., Inc.'s sponsor-wide assets grew 7.4%, from $11M to $12M.
Which ESOP plans are similar in size to National Spinning Co., Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is M.J. Wells & Associates, Inc. Employee Stock Ownership Plan in VA ($6M, 40 participants).
Which ESOP plans cover a similar participant headcount to National Spinning Co., Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Ankrom Moisan Associated Architects Employee Stock Ownership Plan in OR (231 participants, $11M 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 111117990.

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.