ESOP · DOL Form 5500 · 2023

Lift, Inc. ESOP

Data updated 2026-08-25

$90M
Total assets Below avg plan size
318
Participants Below avg headcount
91st
Percentile by assets National rank
$283,396
Avg per participant High balance/head
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Official DOL plan name: Lift, Inc. Employee Stock Ownership Plan · Sponsored by Lift, Inc. · Pennsylvania · Wholesale Trade

$90M in assets, 318 participants

Lift, Inc.'s Lift, Inc. Employee Stock Ownership Plan reported $90M in total assets and 318 participants in its 2023 DOL Form 5500 filing, ranking in the 91st 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.

  • #5,817 in Wholesale Trade (6,309 peers)

Coverage in Pennsylvania

Lift, Inc. Employee Stock Ownership Plan covers 318 participants in Pennsylvania, about 39% of the average Pennsylvania filer (state average ~822 per filing). Assets: $90M.

#5,817
in Wholesale Trade (6,309 peers)
+19.7%
assets growth YoY
0.9×
vs typical plan assets (national mean)

Lift, Inc. Employee Stock Ownership Plan's outsized position by total assets

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

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

$90,119,989 Top 9% higher than 91% 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

Lift, 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. Lift, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (318 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Lift, Inc. Employee Stock Ownership Plan reported net income fell from $24M in the plan year 2022 filing to $17M in the plan year 2023 filing.
  • Lift, Inc. Employee Stock Ownership Plan end-of-year assets rose from $75M in the plan year 2022 filing to $90M in the plan year 2023 filing.
  • Lift, Inc. Employee Stock Ownership Plan reported participants rose from 280 in the plan year 2022 filing to 318 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 232574915 · Lift, Inc. PY 2023 · ESOP

Lift, Inc. Employee Stock Ownership Plan · $90M · 318 · 91st

  • 5500 $90M
  • 5500 318
  • 5500 91st
  • 5500 ESOP
  • 5500 near W. Lease Lewis Company Employee Stock Ownership Plan and Trust
  • 5500 ind #5817

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 →

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

Cornerstone Controls, Inc. Employee Stock Ownership PlanCornerstone Controls, Inc. E…$91MWiginton Corporation ESOP$90MLift, Inc. Employee Stock Ownership PlanLift, Inc. Employee Stock Ow…$90MW. Lease Lewis Company Employee Stock Ownership Plan and TrustW. Lease Lewis Company Emplo…$90MErmco, Inc. Employee Stock Ownership PlanErmco, Inc. Employee Stock O…$90M
End-of-year total assets ($M) among Lift, 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)$75M
Net Assets (End of Year)$18M
Net Income$17M
Employer EIN232574915
Plan Effective Date2018-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Lift, Inc.)

Sponsor-wide plan assets over time

All Lift, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$147M 42.79342966654175% vs 2022
2024 filing year
$80M$100M$120M$140M$160M 202220232024 $103M $147M ▲ +42.8%
Year Plans Participants Total Assets
2022 2 599 $103M
2023 2 687 $122M
2024 2 732 $147M

Nearby ESOP Plans in Pennsylvania

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

Lift, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -20246 Total assets ($B) Participants Lift, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.090119989 · Participants: 318Lift, 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
Lift, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Pennsylvania, assets vs. participants
Compare Lift, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Pennsylvania, the nearest ESOP by assets is W. Lease Lewis Company Employee Stock Ownership Plan and Trust in WA ($90M); by covered participants it is Liberty Pumps Employee Stock Ownership Plan in NY (319 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (318 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 Lift, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Lift, Inc. Employee Stock Ownership Plan grew sharply - up 19.7% during 2023, from $75M to $90M. Reported net income was $17M.
How have Lift, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Lift, Inc.'s sponsor-wide assets grew 42.8%, from $103M to $147M.
Where does Lift, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Lift, Inc. Employee Stock Ownership Plan ranks in the 91st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which ESOP plans are similar in size to Lift, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is W. Lease Lewis Company Employee Stock Ownership Plan and Trust in WA ($90M, 362 participants).
Which ESOP plans cover a similar participant headcount to Lift, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Liberty Pumps Employee Stock Ownership Plan in NY (319 participants, $58M 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 232574915.

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.