ESOP · DOL Form 5500 · 2023
Iec Corporation ESOP
Data updated 2026-08-11
- $208M
- Total assets
- 1,422
- Participants
- 95th
- Percentile by assets
- $145,976
- Avg per participant
Official DOL plan name: Iec Corporation Employee Stock Ownership Plan · Sponsored by Iec Corporation · California · Educational Services
$208M in assets, 1,422 participants
Iec Corporation's Iec Corporation Employee Stock Ownership Plan reported $208M in total assets and 1,422 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.
- 95th percentile by assets (of 127,072 plans)
- #3,419 in Educational Services (3,735 peers)
Coverage in California
Iec Corporation Employee Stock Ownership Plan covers 1,422 participants in California, 2.3x the typical California plan (state average ~630 per filing). Assets: $208M.
- $208M
- total plan assets (2023 EOY)
- 1,422
- covered participants
- 95th
- percentile by assets (of 127,072 plans)
- $145,976
- avg assets per participant
The plan reported a net loss of $50M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Iec Corporation Employee Stock Ownership Plan reported net income fell from $74M in the plan year 2022 filing to -$50M in the plan year 2023 filing.
- Iec Corporation Employee Stock Ownership Plan end-of-year assets fell from $259M in the plan year 2022 filing to $208M in the plan year 2023 filing.
- Iec Corporation Employee Stock Ownership Plan reported participants rose from 1,222 in the plan year 2022 filing to 1,422 in the plan year 2023 filing.
Participants vs California filers
In California, the average filing covers about 630 participants across 15,291 plans. Iec Corporation Employee Stock Ownership Plan reports 1,422 participants - 2.3x that state average ($208M EOY assets).
California filing particulars
| Total Assets (Beginning of Year) | $259M |
|---|---|
| Net Assets (End of Year) | $141M |
| Net Income | -$50M |
| Employer EIN | 330807482 |
| Plan Effective Date | 2019-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Iec Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 3,430 | $285M |
| 2023 | 2 | 3,749 | $240M |
| 2024 | 2 | 3,660 | $286M |
Nearby ESOP Plans in California
Peer ESOP plans, same state, same plan type, ranked by total assets.
Iec Corporation Employee Stock Ownership Plan vs. nearby ESOP plans in California, assets vs. participants
- Parsons Employee Stock Ownership Plan $3.8B · 7,871
- Acco Employee Stock Ownership Plan $1.4B · 1,397
- Rosendin Electric, Inc. Employee Stock Ownership Plan $1.1B · 1,700
- Agron, Inc. Employee Stock Ownership Plan $533M · 72
- Recology Employee Stock Ownership Plan $497M · 3,656
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Iec Corporation Employee Stock Ownership Plan by total assets, not by location.
- Dixie Plywood and Lumber Company Employee Stock Ownership Plan (GA) $208M · 327
- David Clark Employee Stock Ownership Plan (MA) $209M · 221
- Brown Strauss, Inc. Employee Stock Ownership Plan (CO) $209M · 206
- Hb Global Employee Stock Ownership Plan (PA) $205M · 1,404
Frequently Asked Questions
How did Iec Corporation Employee Stock Ownership Plan assets move in 2023? ▼
How have Iec Corporation plan assets changed over time? ▼
Where does Iec Corporation Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Which ESOP plans are similar in size to Iec Corporation Employee Stock Ownership Plan? ▼
Next read for Iec Corporation Employee Stock Ownership…
Filing takeaways
Ways to act on Iec Corporation Employee Stock Ownership Plan's numbers.
- By total assets, Iec Corporation 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 California. Compare plans
- Iec Corporation's sponsor-wide assets have grown 0.5% since 2022 across 3 plan years on file. More Educational Services plans