ESOP · DOL Form 5500 · 2023

First Choice Solutions, Inc. ESOP

Data updated 2026-08-25

$3M
Total assets Small plan by assets
29
Participants Small participant base
34th
Percentile by assets National rank
$92,378
Avg per participant Below avg balance/head
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Official DOL plan name: Rhoads Co. Employee Stock Ownership Plan · Sponsored by First Choice Solutions, Inc. · New Mexico · Construction

$3M in assets, 29 participants

First Choice Solutions, Inc.'s Rhoads Co. Employee Stock Ownership Plan reported $3M in total assets and 29 participants in its 2023 DOL Form 5500 filing, ranking in the 34th 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.

  • #2,891 in Construction (9,030 peers)

First Choice Solutions, Inc. multi-year trail

First Choice Solutions, Inc.'s plans moved +13.5% in assets from 2022 to 2024; this filing shows Rhoads Co. Employee Stock Ownership Plan at $3M / 29 participants.

#2,891
in Construction (9,030 peers)
+19.9%
assets growth YoY

Rhoads Co. Employee Stock Ownership Plan's mid-pack asset rank among Construction and all filers

Rhoads Co. Employee Stock Ownership Plan vs every filed plan by assets

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

$2,678,973 34th percentile higher than 34% 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

Rhoads Co. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Rhoads Co. Employee Stock Ownership Plan is a small filing (29 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Rhoads Co. Employee Stock Ownership Plan end-of-year assets rose from $2M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Rhoads Co. Employee Stock Ownership Plan reported net income rose from $395K in the plan year 2022 filing to $445K in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 850169786 · First Choice Solutions, Inc. PY 2023 · ESOP

Rhoads Co. Employee Stock Ownership Plan · $3M · 29 · 34th

  • PART $3M
  • TYPE 29
  • NET 34th
  • BOOK ESOP
  • VS-ST near Systems Connection of Maryland, Inc. Employee Stock Ownership Plan
  • BOY ind #2891

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 Mexico →

Rhoads Co. Employee Stock Ownership Plan in the asset neighbourhood

Ward Engineering Company Employee Stock Ownership PlanWard Engineering Company Emp…$3MRhoads Co. Employee Stock Ownership PlanRhoads Co. Employee Stock Ow…$3MSystems Connection of Maryland, Inc. Employee Stock Ownership PlanSystems Connection of Maryla…$3MStockmens Bank Employee Stock Ownership Plan and TrustStockmens Bank Employee Stoc…$3MMatrix Construction Services Employee Stock Ownership PlanMatrix Construction Services…$3M
End-of-year total assets ($M) among Rhoads Co. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

First Choice Solutions, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All First Choice Solutions, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$3M 13.516437380045259% vs 2022
2024 filing year
$2M$2.2M$2.4M$2.6M$2.8M 202220232024 $2.23M $2.54M ▲ +13.9%
Year Plans Participants Total Assets
2022 1 29 $2M
2023 1 29 $3M
2024 1 28 $3M

First Choice Solutions, Inc. filing trail (2023)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$3M
Net Income$445K
Employer EIN850169786
Plan Effective Date2003-07-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in New Mexico

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

Rhoads Co. Employee Stock Ownership Plan vs. nearby ESOP plans in New Mexico, assets vs. participants Scatter plot of 6 data points. -50005001000150020002500 -2000200400600800 Total assets ($M) Participants Rhoads Co. Employee Stock Ownership Plan, Total assets ($M): 2.678973 · Participants: 29Rhoads Co. Employee Stock Ownership PlanEmployee Stock Ownership Plan of Applied Research Associates, Inc., Total assets ($M): 605.825813 · Participants: 1981Employee Stock Ownership Plan of Applied Research Associates, Inc.Ppic Employee Stock Ownership Plan, Total assets ($M): 58.69174 · Participants: 107Ppic Employee Stock Ownership PlanAzurite Professional Community Employee Stock Ownership Plan, Total assets ($M): 23.538133 · Participants: 259Azurite Professional Community Employee Stock Ownership PlanCitizens Bank Employee Stock Ownership and Retirement Savings Plan, Total assets ($M): 21.320873 · Participants: 101Citizens Bank Employee Stock Ownership and Retirement Savings PlanCommerce Bancshares of Roswell, Inc. Employee Stock Ownership Plan, Total assets ($M): 18.971857 · Participants: 14Commerce Bancshares of Roswell, Inc. Employee Stock Ownership Plan
Rhoads Co. Employee Stock Ownership Plan vs. nearby ESOP plans in New Mexico, assets vs. participants
Compare Rhoads Co. Employee Stock Ownership Plan side-by-side with 3 peers →

Rhoads Co. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside New Mexico, the nearest ESOP by assets is Systems Connection of Maryland, Inc. Employee Stock Ownership Plan in MD ($3M); by covered participants it is Rsr Partners Inc ESOP in CT (29 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (29 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 Rhoads Co. Employee Stock Ownership Plan assets move in 2023? ▼
Rhoads Co. Employee Stock Ownership Plan grew sharply - up 19.9% during 2023, from $2M to $3M. Reported net income was $445K.
How have First Choice Solutions, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Choice Solutions, Inc.'s sponsor-wide assets grew 13.5%, from $2M to $3M.
Which ESOP plans are similar in size to Rhoads Co. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Systems Connection of Maryland, Inc. Employee Stock Ownership Plan in MD ($3M, 93 participants).
Which ESOP plans cover a similar participant headcount to Rhoads Co. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Rsr Partners Inc ESOP in CT (29 participants, N/A 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 850169786.

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.