ESOP · DOL Form 5500 · 2024

North State Steel, Inc. ESOP

Data updated 2026-08-25

$22M
Total assets Small plan by assets
86
Participants Small participant base
72nd
Percentile by assets National rank
$256,367
Avg per participant Above avg balance/head
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Official DOL plan name: North State Steel, Inc. Employee Stock Ownership Plan · Sponsored by North State Steel, Inc. · North Carolina · Manufacturing

$22M in assets, 86 participants

North State Steel, Inc.'s North State Steel, Inc. Employee Stock Ownership Plan reported $22M in total assets and 86 participants in its 2024 DOL Form 5500 filing, ranking in the 72nd 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.

  • #11,040 in Manufacturing (17,777 peers)

North State Steel, Inc. multi-year trail

North State Steel, Inc.'s plans moved +101.2% in assets from 2022 to 2024; this filing shows North State Steel, Inc. Employee Stock Ownership Plan at $22M / 86 participants.

#11,040
in Manufacturing (17,777 peers)
+10.2%
assets growth YoY

North State Steel, Inc. Employee Stock Ownership Plan's outsized position by total assets

North State Steel, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$22,047,597 Top 28% higher than 72% of 123,620 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 2024

North State Steel, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. North State Steel, Inc. Employee Stock Ownership Plan is a small filing (86 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • North State Steel, Inc. Employee Stock Ownership Plan reported net income fell from $9M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • North State Steel, Inc. Employee Stock Ownership Plan reported participants rose from 76 in the plan year 2023 filing to 86 in the plan year 2024 filing.
  • North State Steel, Inc. Employee Stock Ownership Plan end-of-year assets rose from $20M in the plan year 2023 filing to $22M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 561407405 · North State Steel, Inc. PY 2024 · ESOP

North State Steel, Inc. Employee Stock Ownership Plan · $22M · 86 · 72nd

  • RANK $22M
  • PHOTO 86
  • IND 72nd
  • EOY ESOP
  • 5500 near Portside Builders, Inc. Employee Stock Ownership Plan
  • ASSETS ind #11040

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 North Carolina →

North State Steel, Inc. Employee Stock Ownership Plan in the asset neighbourhood

North State Steel, Inc. Employee Stock Ownership PlanNorth State Steel, Inc. Empl…$22MPortside Builders, Inc. Employee Stock Ownership PlanPortside Builders, Inc. Empl…$22MGroup Builders, Inc. Employee Stock Ownership PlanGroup Builders, Inc. Employe…$22MBeaty Holding Group, Inc. Employee Stock Ownership PlanBeaty Holding Group, Inc. Em…$22MCmc Rescue, Inc. Employee Stock Ownership PlanCmc Rescue, Inc. Employee St…$22M
End-of-year total assets ($M) among North State Steel, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

North State Steel, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All North State Steel, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$22M 101.15787413626123% vs 2022
2024 filing year
$5M$10M$15M$20M$25M 202220232024 $11M $22.1M ▲ +101.2%
Year Plans Participants Total Assets
2022 1 72 $11M
2023 1 76 $20M
2024 1 86 $22M

North State Steel, Inc. filing trail (2024)

Total Assets (Beginning of Year)$20M
Net Assets (End of Year)$20M
Net Income$2M
Employer EIN561407405
Plan Effective Date2018-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in North Carolina

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

North State Steel, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants Scatter plot of 6 data points. 050010001500 050100150200 Total assets ($M) Participants North State Steel, Inc. Employee Stock Ownership Plan, Total assets ($M): 22.047597 · Participants: 86North State Steel, Inc. Employee Stock Ownership PlanColumbia Forest Products, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 184.02736 · Participants: 1396Columbia Forest Products, Inc. Employee Stock Ownership Plan and TrustEcmd, Inc. Employee Stock Ownership Plan, Total assets ($M): 153.55178 · Participants: 969Ecmd, Inc. Employee Stock Ownership PlanPrecision Walls, Inc. Employee Stock Ownership Plan, Total assets ($M): 143.430717 · Participants: 1228Precision Walls, Inc. Employee Stock Ownership PlanRobert E. Mason & Associates, Inc. Employee Stock Ownership Plan, Total assets ($M): 132.702062 · Participants: 279Robert E. Mason & Associates, Inc. Employee Stock Ownership PlanState Utility Contractors, Inc. Employee Stock Ownership Plan, Total assets ($M): 123.497988 · Participants: 158State Utility Contractors, Inc. Employee Stock Ownership Plan
North State Steel, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants
Compare North State Steel, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside North Carolina, the nearest ESOP by assets is Portside Builders, Inc. Employee Stock Ownership Plan in WI ($22M); by covered participants it is Fitzwater Holding Group Employee Stock Ownership Plan in OH (86 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (86 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did North State Steel, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
North State Steel, Inc. Employee Stock Ownership Plan grew at a solid clip - up 10.2% during 2024, from $20M to $22M. Reported net income was $2M.
How have North State Steel, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), North State Steel, Inc.'s sponsor-wide assets grew 101.2%, from $11M to $22M.
Which ESOP plans are similar in size to North State Steel, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Portside Builders, Inc. Employee Stock Ownership Plan in WI ($22M, 74 participants).
Which ESOP plans cover a similar participant headcount to North State Steel, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Fitzwater Holding Group Employee Stock Ownership Plan in OH (86 participants, $11M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 561407405.

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.