ESOP · DOL Form 5500 · 2023

Ritchie Trucking Service Holdings, Inc. ESOP

Data updated 2026-08-25

$3M
Total assets Small plan by assets
80
Participants Small participant base
37th
Percentile by assets National rank
$40,001
Avg per participant Low balance/head
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Official DOL plan name: The People Business Employee Stock Ownership Plan · Sponsored by Ritchie Trucking Service Holdings, Inc. · California · Transportation & Warehousing

$3M in assets, 80 participants

Ritchie Trucking Service Holdings, Inc.'s The People Business Employee Stock Ownership Plan reported $3M in total assets and 80 participants in its 2023 DOL Form 5500 filing, ranking in the 37th 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.

  • #1,216 in Transportation & Warehousing (3,362 peers)

2023 asset change

The People Business Employee Stock Ownership Plan declined sharply 18.0% in 2023 ($4M → $3M) for 80 participants.

#1,216
in Transportation & Warehousing (3,362 peers)
-18.0%
assets change YoY

The plan reported a net loss of $426K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

The People Business Employee Stock Ownership Plan's mid-pack asset rank among Transportation & Warehousing and all filers

The People Business Employee Stock Ownership Plan vs every filed plan by assets

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

$3,200,100 37th percentile higher than 37% 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

The People Business 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. The People Business Employee Stock Ownership Plan is a small filing (80 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The People Business Employee Stock Ownership Plan reported net income fell from $87K in the plan year 2022 filing to -$426K in the plan year 2023 filing.
  • The People Business Employee Stock Ownership Plan reported participants fell from 110 in the plan year 2022 filing to 80 in the plan year 2023 filing.
  • The People Business Employee Stock Ownership Plan end-of-year assets fell from $4M in the plan year 2022 filing to $3M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 384101587 · Ritchie Trucking Service Holdings, Inc. PY 2023 · ESOP

The People Business Employee Stock Ownership Plan · $3M · 80 · 37th

  • EOY $3M
  • 5500 80
  • ASSETS 37th
  • PCT ESOP
  • EIN near Ronald D. Howard, Inc. Employee Stock Ownership Plan and Trust
  • RANK ind #1216

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 California →

The People Business Employee Stock Ownership Plan in the asset neighbourhood

Hendry Marine Industries, Inc. Employee Stock Ownership PlanHendry Marine Industries, In…$3MLias Tire, Inc. Employee Stock Ownership PlanLias Tire, Inc. Employee Sto…$3MThe People Business Employee Stock Ownership PlanThe People Business Employee…$3MRonald D. Howard, Inc. Employee Stock Ownership Plan and TrustRonald D. Howard, Inc. Emplo…$3MAna-Lab Corporation Employee Stock Ownership PlanAna-Lab Corporation Employee…$3M
End-of-year total assets ($M) among The People Business Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Ritchie Trucking Service Holdings, Inc. years around the 2023 move

Sponsor-wide plan assets over time

All Ritchie Trucking Service Holdings, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$6M 8.787911614757952% vs 2022
2024 filing year
$5.4M$5.6M$5.8M$6M$6.2M$6.4M 202220232024 $6.19M $5.65M ▼ -8.7%
Year Plans Participants Total Assets
2022 2 219 $6M
2023 2 189 $6M
2024 2 176 $6M

2023 asset-move particulars

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)-$15M
Net Income-$426K
Employer EIN384101587
Plan Effective Date2018-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in California

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

The People Business Employee Stock Ownership Plan vs. nearby ESOP plans in California, assets vs. participants Scatter plot of 6 data points. -20000200040006000800010000 -101234 Total assets ($B) Participants The People Business Employee Stock Ownership Plan, Total assets ($B): 0.0032001 · Participants: 80The People Business Employee Stock Ownership PlanParsons Employee Stock Ownership Plan, Total assets ($B): 3.757068542 · Participants: 7871Parsons Employee Stock Ownership PlanAcco Employee Stock Ownership Plan, Total assets ($B): 1.444524335 · Participants: 1397Acco Employee Stock Ownership PlanRosendin Electric, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.125537204 · Participants: 1700Rosendin Electric, Inc. Employee Stock Ownership PlanAgron, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.533004512 · Participants: 72Agron, Inc. Employee Stock Ownership PlanRecology Employee Stock Ownership Plan, Total assets ($B): 0.497089527 · Participants: 3656Recology Employee Stock Ownership Plan
The People Business Employee Stock Ownership Plan vs. nearby ESOP plans in California, assets vs. participants
Compare The People Business Employee Stock Ownership Plan side-by-side with 3 peers →

The People Business Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside California, the nearest ESOP by assets is Ronald D. Howard, Inc. Employee Stock Ownership Plan and Trust in HI ($3M); by covered participants it is Lenoir Mirror Company Employee Stock Ownership Plan in NC (80 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (80 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 The People Business Employee Stock Ownership Plan assets move in 2023? ▼
The People Business Employee Stock Ownership Plan declined sharply - down 18.0% during 2023, from $4M to $3M. Reported net income was -$426K.
How have Ritchie Trucking Service Holdings, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Ritchie Trucking Service Holdings, Inc.'s sponsor-wide assets declined 8.8%, from $6M to $6M.
Which ESOP plans are similar in size to The People Business Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Ronald D. Howard, Inc. Employee Stock Ownership Plan and Trust in HI ($3M, 235 participants).
Which ESOP plans cover a similar participant headcount to The People Business Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Lenoir Mirror Company Employee Stock Ownership Plan in NC (80 participants, $330K 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 384101587.

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.