ESOP · DOL Form 5500 · 2023

Sovereign Distributors, Inc. T/a Avalon Flooring ESOP

Data updated 2026-08-25

$28M
Total assets Below avg plan size
372
Participants Below avg headcount
78th
Percentile by assets National rank
$74,137
Avg per participant Below avg balance/head
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Official DOL plan name: Avalon Flooring Employee Stock Ownership Plan · Sponsored by Sovereign Distributors, Inc. T/a Avalon Flooring · New Jersey · Retail Trade

$28M in assets, 372 participants

Sovereign Distributors, Inc. T/a Avalon Flooring's Avalon Flooring Employee Stock Ownership Plan reported $28M in total assets and 372 participants in its 2023 DOL Form 5500 filing, ranking in the 78th 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.

  • #7,289 in Retail Trade (8,414 peers)

Coverage in New Jersey

Avalon Flooring Employee Stock Ownership Plan covers 372 participants in New Jersey, about 44% of the average New Jersey filer (state average ~844 per filing). Assets: $28M.

#7,289
in Retail Trade (8,414 peers)
-11.0%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Avalon Flooring Employee Stock Ownership Plan's outsized position by total assets

Avalon Flooring Employee Stock Ownership Plan vs every filed plan by assets

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

$27,578,861 Top 22% higher than 78% 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

Avalon Flooring 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. Avalon Flooring Employee Stock Ownership Plan sits mid-pack in the medium band (372 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Avalon Flooring Employee Stock Ownership Plan reported net income fell from $940K in the plan year 2022 filing to -$3M in the plan year 2023 filing.
  • Avalon Flooring Employee Stock Ownership Plan end-of-year assets fell from $31M in the plan year 2022 filing to $28M in the plan year 2023 filing.
  • Avalon Flooring Employee Stock Ownership Plan reported participants fell from 393 in the plan year 2022 filing to 372 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 222985143 · Sovereign Distributors, Inc. T/a Avalon Flooring PY 2023 · ESOP

Avalon Flooring Employee Stock Ownership Plan · $28M · 372 · 78th

  • EIN $28M
  • RANK 372
  • PHOTO 78th
  • IND ESOP
  • EOY near Ehlers and Associates, Inc. Employee Stock Ownership Plan and Trust
  • 5500 ind #7289

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 New Jersey →

Avalon Flooring Employee Stock Ownership Plan in the asset neighbourhood

Vroman Systems, Inc. Employee Stock Ownership Plan and TrustVroman Systems, Inc. Employe…$28MSteel Encounters, Inc. Employee Stock Ownership PlanSteel Encounters, Inc. Emplo…$28MEhlers and Associates, Inc. Employee Stock Ownership Plan and TrustEhlers and Associates, Inc. …$28MAvalon Flooring Employee Stock Ownership PlanAvalon Flooring Employee Sto…$28MMch Electric, Inc. Employee Stock Ownership PlanMch Electric, Inc. Employee …$27M
End-of-year total assets ($M) among Avalon Flooring Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)$31M
Net Assets (End of Year)$24M
Net Income-$3M
Employer EIN222985143
Plan Effective Date2004-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sovereign Distributors, Inc. T/a Avalon Flooring)

Sponsor-wide plan assets over time

All Sovereign Distributors, Inc. T/a Avalon Flooring plans reported in each filing year

Latest sponsor-wide plan assets
$51M 2.493814368328395% vs 2022
2024 filing year
$50.5M$51M$51.5M$52M$52.5M 202220232024 $51.9M $50.6M ▼ -2.5%
Year Plans Participants Total Assets
2022 2 750 $52M
2023 2 721 $51M
2024 2 675 $51M

Nearby ESOP Plans in New Jersey

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

Avalon Flooring Employee Stock Ownership Plan vs. nearby ESOP plans in New Jersey, assets vs. participants Scatter plot of 6 data points. 0500100015002000 0100200300400500 Total assets ($M) Participants Avalon Flooring Employee Stock Ownership Plan, Total assets ($M): 27.578861 · Participants: 372Avalon Flooring Employee Stock Ownership PlanOkonite Company Employees Stock Ownership Plan, Total assets ($M): 420.904787 · Participants: 1127Okonite Company Employees Stock Ownership PlanMathematica Group Holding Inc. Employee Stock Ownership Plan, Total assets ($M): 309.109417 · Participants: 1571Mathematica Group Holding Inc. Employee Stock Ownership PlanConair LLC Savings and Investment Plan, Total assets ($M): 300.696739 · Participants: 1050Conair LLC Savings and Investment PlanAmboy Bancorporation Employee Stock Ownership Plan, Total assets ($M): 106.542135 · Participants: 193Amboy Bancorporation Employee Stock Ownership PlanColumbia Bank Employee Stock Ownership Plan, Total assets ($M): 85.571031 · Participants: 729Columbia Bank Employee Stock Ownership Plan
Avalon Flooring Employee Stock Ownership Plan vs. nearby ESOP plans in New Jersey, assets vs. participants
Compare Avalon Flooring Employee Stock Ownership Plan side-by-side with 3 peers →

Avalon Flooring Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside New Jersey, the nearest ESOP by assets is Ehlers and Associates, Inc. Employee Stock Ownership Plan and Trust in MN ($28M); by covered participants it is U. S. Engineering Company Holdings Employee Stock Ownership Plan & Trust in MO (372 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (372 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 Avalon Flooring Employee Stock Ownership Plan assets move in 2023? ▼
Avalon Flooring Employee Stock Ownership Plan pulled back noticeably - down 11.0% during 2023, from $31M to $28M. Reported net income was -$3M.
How have Sovereign Distributors, Inc. T/a Avalon Flooring plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sovereign Distributors, Inc. T/a Avalon Flooring's sponsor-wide assets declined 2.5%, from $52M to $51M.
Where does Avalon Flooring Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Avalon Flooring Employee Stock Ownership Plan ranks in the 78th 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 Avalon Flooring Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Ehlers and Associates, Inc. Employee Stock Ownership Plan and Trust in MN ($28M, 80 participants).
Which ESOP plans cover a similar participant headcount to Avalon Flooring Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is U. S. Engineering Company Holdings Employee Stock Ownership Plan & Trust in MO (372 participants, $6M 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 222985143.

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.