ESOP · DOL Form 5500 · 2023

Norair Engineering Corp. ESOP

Data updated 2026-08-11

$16M
Total assets: 34
Participants: 69th
Percentile by assets: $474,651
Avg per participant

Official DOL plan name: Norair Engineering Corp. Employee Stock Ownership Plan · Sponsored by Norair Engineering Corp. · Maryland · Construction

$16M in assets, 34 participants

Norair Engineering Corp.'s Norair Engineering Corp. Employee Stock Ownership Plan reported $16M in total assets and 34 participants in its 2023 DOL Form 5500 filing, ranking in the 69th 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.

69th percentile by assets (of 127,072 plans)
#6,075 in Construction (9,030 peers)

Norair Engineering Corp. multi-year trail

Norair Engineering Corp.'s plans moved +82.8% in assets from 2022 to 2024; this filing shows Norair Engineering Corp. Employee Stock Ownership Plan at $16M / 34 participants.

$16M
total plan assets (2023 EOY): 34
covered participants: 69th
percentile by assets (of 127,072 plans): $474,651
avg assets per participant

Where Norair Engineering Corp. Employee Stock Ownership Plan sits by total assets

Norair Engineering Corp. Employee Stock Ownership Plan vs every filed plan by assets

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

$16,138,125 Top 31% higher than 69% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Norair Engineering Corp. Employee Stock Ownership Plan end-of-year assets rose from $12M in the plan year 2022 filing to $16M in the plan year 2023 filing.
Norair Engineering Corp. Employee Stock Ownership Plan reported net income fell from $5M in the plan year 2022 filing to $4M in the plan year 2023 filing.
Norair Engineering Corp. Employee Stock Ownership Plan reported participants fell from 37 in the plan year 2022 filing to 34 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Maryland

Industry

Construction

Norair Engineering Corp. across 3 plan years on file

Across the 3 plan years Norair Engineering Corp. has on file (2022-2024), sponsor-wide plan assets have moved from $12M to $23M, a gain of 82.8%, while reported participants moved from 37 to 31 (-16.2%). Peak year by sponsor assets: 2024 ($23M); trough: 2022 ($12M).

Norair Engineering Corp. multi-year asset trail

Total plan assets by year, all Norair Engineering Corp. plans on file

Year	Plans	Participants	Total Assets
2022	1	37	$12M
2023	1	34	$16M
2024	1	31	$23M

Norair Engineering Corp. filing trail (2023)

Total Assets (Beginning of Year)	$12M
Net Assets (End of Year)	$16M
Net Income	$4M
Employer EIN	530119010
Plan Effective Date	2019-10-01
Filing Status	FILING RECEIVED

Nearby ESOP Plans in Maryland

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

Norair Engineering Corp. Employee Stock Ownership Plan vs. nearby ESOP plans in Maryland, assets vs. participants

Evapco, Inc. Employee Stock Ownership Plan $1.1B · 1,617
Westat, Inc. Employee Stock Ownership Plan $407M · 3,046
Kci Technologies, Inc. Employee Stock Ownership Plan $336M · 1,793
Brown Capital Management ESOP $320M · 35
Lockheed Martin Corporation Capital Accumulation Plan $267M · 5,839

Compare Norair Engineering Corp. Employee Stock … side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Norair Engineering Corp. Employee Stock Ownership Plan by total assets, not by location.

Rettew Employee Stock Ownership Plan Trust (PA) $16M · 284
Dale Medical Products Employee Stock Ownership Plan (MA) $16M · 56
Durham & Bates Agencies, Inc. Employee Stock Ownership Plan (OR) $16M · 38
Contempora Fabrics, Inc. Employee Stock Ownership Plan (NC) $16M · 131

Frequently Asked Questions

How did Norair Engineering Corp. Employee Stock Ownership Plan assets move in 2023? ▼

Norair Engineering Corp. Employee Stock Ownership Plan grew sharply - up 29.7% during 2023, from $12M to $16M. Reported net income was $4M.

How have Norair Engineering Corp. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Norair Engineering Corp.'s sponsor-wide assets grew 82.8%, from $12M to $23M.

Which ESOP plans are similar in size to Norair Engineering Corp. Employee Stock Ownership Plan? ▼

Among ESOP plans in other states, the closest by assets is Rettew Employee Stock Ownership Plan Trust in PA ($16M, 284 participants).

Next read for Norair Engineering Corp. Employee Stock …

Multi-year trail

Ways to act on Norair Engineering Corp. Employee Stock Ownership Plan's numbers.

By total assets, Norair Engineering Corp. Employee Stock Ownership Plan ranks above the median plan by assets. See the largest plans
Compare it side-by-side against 3 similar ESOP plans in Maryland. Compare plans
Norair Engineering Corp.'s sponsor-wide assets have grown 82.8% 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 530119010.