ESOP · DOL Form 5500 · 2023

General Sheet Metal Works, Inc. ESOP

Data updated 2026-08-11

$6M
Total assets
99
Participants
47th
Percentile by assets
$57,505
Avg per participant
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Official DOL plan name: General Sheet Metal Employee Stock Ownership Plan · Sponsored by General Sheet Metal Works, Inc. · Oregon · Construction

$6M in assets, 99 participants

General Sheet Metal Works, Inc.'s General Sheet Metal Employee Stock Ownership Plan reported $6M in total assets and 99 participants in its 2023 DOL Form 5500 filing, ranking in the 47th 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.

  • 47th percentile by assets (of 127,072 plans)
  • #4,067 in Construction (9,030 peers)

General Sheet Metal Works, Inc. multi-year trail

General Sheet Metal Works, Inc.'s plans moved -24.8% in assets from 2022 to 2024; this filing shows General Sheet Metal Employee Stock Ownership Plan at $6M / 99 participants.

$6M
total plan assets (2023 EOY)
99
covered participants
47th
percentile by assets (of 127,072 plans)
$57,505
avg assets per participant

Where General Sheet Metal Employee Stock Ownership Plan sits by total assets

General Sheet Metal Employee Stock Ownership Plan vs every filed plan by assets

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

$5,693,032 47th percentile higher than 47% of 127,068 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • General Sheet Metal Employee Stock Ownership Plan reported net income rose from -$5M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • General Sheet Metal Employee Stock Ownership Plan end-of-year assets rose from $3M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • General Sheet Metal Employee Stock Ownership Plan reported participants rose from 93 in the plan year 2022 filing to 99 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Oregon
Industry
Construction

General Sheet Metal Works, Inc. across 3 plan years on file

Across the 3 plan years General Sheet Metal Works, Inc. has on file (2022-2024), sponsor-wide plan assets have moved from $12M to $9M, a decline of 24.8%, while reported participants moved from 201 to 110 (-45.3%). Peak year by sponsor assets: 2022 ($12M); trough: 2023 ($6M).

General Sheet Metal Works, Inc. multi-year asset trail

$4M$6M$8M$10M$12M$14M 202220232024 $11.8M $8.86M ▼ -24.9%
Total plan assets by year, all General Sheet Metal Works, Inc. plans on file
Year Plans Participants Total Assets
2022 2 201 $12M
2023 1 99 $6M
2024 1 110 $9M

General Sheet Metal Works, Inc. filing trail (2023)

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)-$173K
Net Income$3M
Employer EIN930611584
Plan Effective Date2018-04-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Oregon

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

General Sheet Metal Employee Stock Ownership Plan vs. nearby ESOP plans in Oregon, assets vs. participants Scatter plot of 6 data points. -50005001000150020002500 -1000100200300 Total assets ($M) Participants General Sheet Metal …, Total assets ($M): 5.693032 · Participants: 99General Sheet Metal …Bob's Red Mill Natur…, Total assets ($M): 235.753413 · Participants: 580Bob's Red Mill Natur…Bi-Mart Corporation …, Total assets ($M): 210.231629 · Participants: 1981Bi-Mart Corporation …Pacific Industrial C…, Total assets ($M): 204.304035 · Participants: 71Pacific Industrial C…Key Knife, Inc. Empl…, Total assets ($M): 168.331686 · Participants: 69Key Knife, Inc. Empl…Northwest Pump & Equ…, Total assets ($M): 73.155492 · Participants: 200Northwest Pump & Equ…
General Sheet Metal Employee Stock Ownership Plan vs. nearby ESOP plans in Oregon, assets vs. participants
Compare General Sheet Metal Employee Stock Owner… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to General Sheet Metal Employee Stock Ownership Plan by total assets, not by location.

Frequently Asked Questions

How did General Sheet Metal Employee Stock Ownership Plan assets move in 2023? ▼
General Sheet Metal Employee Stock Ownership Plan surged - up 79.5% during 2023, from $3M to $6M. Reported net income was $3M.
How have General Sheet Metal Works, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), General Sheet Metal Works, Inc.'s sponsor-wide assets declined 24.8%, from $12M to $9M.
Which ESOP plans are similar in size to General Sheet Metal Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is D. a. Pope, Incorporated Employee Stock Ownership Plan in CA ($6M, 20 participants).

Next read for General Sheet Metal Employee Stock Owner…

Multi-year trail

Ways to act on General Sheet Metal Employee Stock Ownership Plan's numbers.

  • By total assets, General Sheet Metal Employee Stock Ownership Plan ranks in the lower half of filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar ESOP plans in Oregon. Compare plans
  • General Sheet Metal Works, Inc.'s sponsor-wide assets have declined 24.8% 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 930611584.

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.