ESOP · DOL Form 5500 · 2023

Channellock, Inc. ESOP

Data updated 2026-08-25

$3M
Total assets Small plan by assets
204
Participants Below avg headcount
33rd
Percentile by assets National rank
$12,352
Avg per participant Low balance/head
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Official DOL plan name: Channellock, Inc. Employee Stock Ownership Plan · Sponsored by Channellock, Inc. · Pennsylvania · Manufacturing

$3M in assets, 204 participants

Channellock, Inc.'s Channellock, Inc. Employee Stock Ownership Plan reported $3M in total assets and 204 participants in its 2023 DOL Form 5500 filing, ranking in the 33rd 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.

  • #3,216 in Manufacturing (18,722 peers)

Coverage in Pennsylvania

Channellock, Inc. Employee Stock Ownership Plan covers 204 participants in Pennsylvania, about 25% of the average Pennsylvania filer (state average ~822 per filing). Assets: $3M.

#3,216
in Manufacturing (18,722 peers)
-24.3%
assets change YoY

The plan reported a net loss of $753K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Channellock, Inc. Employee Stock Ownership Plan among the smaller filed plans by assets

Channellock, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$2,519,752 33rd percentile higher than 33% 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

Channellock, Inc. 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. Channellock, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (204 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Channellock, Inc. Employee Stock Ownership Plan reported net income fell from -$251K in the plan year 2022 filing to -$753K in the plan year 2023 filing.
  • Channellock, Inc. Employee Stock Ownership Plan end-of-year assets fell from $3M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Channellock, Inc. Employee Stock Ownership Plan reported participants fell from 225 in the plan year 2022 filing to 204 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 250399850 · Channellock, Inc. PY 2023 · ESOP

Channellock, Inc. Employee Stock Ownership Plan · $3M · 204 · 33rd

  • BOY $3M
  • BOY 204
  • BOY 33rd
  • BOY ESOP
  • BOY near Western Contract Furnishers of Sacramento Employee Stock Ownership Plan
  • BOY ind #3216

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 Pennsylvania →

Channellock, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Channellock, Inc. Employee Stock Ownership PlanChannellock, Inc. Employee S…$3MWestern Contract Furnishers of Sacramento Employee Stock Ownership PlanWestern Contract Furnishers …$3MManagement Support Technology, Incorporated Employee Stock OwnershipManagement Support Technolog…$3MRoyal State Corporation ESOP$3MDirtonu, Inc. Employee Stock Ownership PlanDirtonu, Inc. Employee Stock…$3M
End-of-year total assets ($M) among Channellock, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$2M
Net Income-$753K
Employer EIN250399850
Plan Effective Date1973-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Channellock, Inc.)

Sponsor-wide plan assets over time

All Channellock, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$79M 12.621254899099451% vs 2022
2024 filing year
$65M$70M$75M$80M$85M 202220232024 $70.3M $79.2M ▲ +12.6%
Year Plans Participants Total Assets
2022 4 684 $70M
2023 4 652 $72M
2024 4 585 $79M

Nearby ESOP Plans in Pennsylvania

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

Channellock, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -20246 Total assets ($B) Participants Channellock, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.002519752 · Participants: 204Channellock, Inc. Employee Stock Ownership PlanWawa, Inc. Employee Stock Ownership Plan, Total assets ($B): 5.338226537 · Participants: 42695Wawa, Inc. Employee Stock Ownership PlanBradford White Corporation Employee Stock Ownership Plan and Trust Agreement, Total assets ($B): 1.558044827 · Participants: 342Bradford White Corporation Employee Stock Ownership Plan and Trust AgreementCentimark Corporation Employee Stock Ownership Plan and Trust, Total assets ($B): 0.686501046 · Participants: 2353Centimark Corporation Employee Stock Ownership Plan and TrustSheetz, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.686202616 · Participants: 13858Sheetz, Inc. Employee Stock Ownership PlanD & H Employee Stock Ownership Plan, Total assets ($B): 0.288933356 · Participants: 1461D & H Employee Stock Ownership Plan
Channellock, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Pennsylvania, assets vs. participants
Compare Channellock, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Channellock, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Pennsylvania, the nearest ESOP by assets is Western Contract Furnishers of Sacramento Employee Stock Ownership Plan in CA ($3M); by covered participants it is Meriwether-Godsey, Inc. Employee Stock Ownership Plan in VA (204 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (204 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 Channellock, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Channellock, Inc. Employee Stock Ownership Plan declined sharply - down 24.3% during 2023, from $3M to $3M. Reported net income was -$753K.
How have Channellock, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Channellock, Inc.'s sponsor-wide assets grew 12.6%, from $70M to $79M.
Which ESOP plans are similar in size to Channellock, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Western Contract Furnishers of Sacramento Employee Stock Ownership Plan in CA ($3M, 26 participants).
Which ESOP plans cover a similar participant headcount to Channellock, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Meriwether-Godsey, Inc. Employee Stock Ownership Plan in VA (204 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 250399850.

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.