ESOP · DOL Form 5500 · 2023

True Air Mechanical, Inc. ESOP

Data updated 2026-08-11

$23M
Total assets: 195
Participants: 75th
Percentile by assets: $120,454
Avg per participant

Official DOL plan name: True Air Mechanical, Inc. Employee Stock Ownership Plan · Sponsored by True Air Mechanical, Inc. · California · Construction

$23M in assets, 195 participants

True Air Mechanical, Inc.'s True Air Mechanical, Inc. Employee Stock Ownership Plan reported $23M in total assets and 195 participants in its 2023 DOL Form 5500 filing, ranking in the 75th 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.

75th percentile by assets (of 127,072 plans)
#6,689 in Construction (9,030 peers)

Coverage in California

True Air Mechanical, Inc. Employee Stock Ownership Plan covers 195 participants in California, about 31% of the average California filer (state average ~630 per filing). Assets: $23M.

$23M
total plan assets (2023 EOY): 195
covered participants: 75th
percentile by assets (of 127,072 plans): $120,454
avg assets per participant

True Air Mechanical, Inc. Employee Stock Ownership Plan reported net income rose from $4M in the plan year 2022 filing to $16M in the plan year 2023 filing.
True Air Mechanical, Inc. Employee Stock Ownership Plan end-of-year assets rose from $11M in the plan year 2022 filing to $23M in the plan year 2023 filing.
True Air Mechanical, Inc. Employee Stock Ownership Plan reported participants fell from 264 in the plan year 2022 filing to 195 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

California

Industry

Construction

Participants vs California filers

In California, the average filing covers about 630 participants across 15,291 plans. True Air Mechanical, Inc. Employee Stock Ownership Plan reports 195 participants - about 31% of that state average ($23M EOY assets).

California filing particulars

Total Assets (Beginning of Year)	$11M
Net Assets (End of Year)	-$9M
Net Income	$16M
Employer EIN	273944870
Plan Effective Date	2020-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (True Air Mechanical, Inc.)

Total plan assets by year, all True Air Mechanical, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	2	518	$14M
2023	2	435	$27M
2024	2	472	$36M

Nearby ESOP Plans in California

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

True Air Mechanical, Inc. 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

Compare True Air Mechanical, Inc. Employee Stock… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to True Air Mechanical, Inc. Employee Stock Ownership Plan by total assets, not by location.

Stress Engineering Services, Inc. Employee Stock Ownership Plan (TX) $24M · 255
Wenthe-Davidson Engineering Co. Employee Stock Ownership Plan (WI) $23M · 221
National Distribution Service Employee Stock Ownership Plan (MO) $24M · 32
Azurite Professional Community Employee Stock Ownership Plan (NM) $24M · 259

Frequently Asked Questions

How did True Air Mechanical, Inc. Employee Stock Ownership Plan assets move in 2023? ▼

True Air Mechanical, Inc. Employee Stock Ownership Plan surged - up 113.4% during 2023, from $11M to $23M. Reported net income was $16M.

How have True Air Mechanical, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), True Air Mechanical, Inc.'s sponsor-wide assets grew 160.0%, from $14M to $36M.

Where does True Air Mechanical, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼

True Air Mechanical, Inc. Employee Stock Ownership Plan ranks in the 75th 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 True Air Mechanical, Inc. Employee Stock Ownership Plan? ▼

Among ESOP plans in other states, the closest by assets is Stress Engineering Services, Inc. Employee Stock Ownership Plan in TX ($24M, 255 participants).

Next read for True Air Mechanical, Inc. Employee Stock…

Filing takeaways

Ways to act on True Air Mechanical, Inc. Employee Stock Ownership Plan's numbers.

By total assets, True Air Mechanical, Inc. 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 California. Compare plans
True Air Mechanical, Inc.'s sponsor-wide assets have grown 160.0% since 2022 across 3 plan years on file. More Construction 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 273944870.