ESOP · DOL Form 5500 · 2024

Paracorp, Inc. ESOP

Data updated 2026-07-24

$16M
Total assets: 94
Participants: 66th
Percentile by assets: $174,165
Avg per participant

Official DOL plan name: Parasec Employee Stock Ownership Plan and Trust · Sponsored by Paracorp, Inc. · California · Professional & Technical Services

$16M in assets, 94 participants

Paracorp, Inc.'s Parasec Employee Stock Ownership Plan and Trust reported $16M in total assets and 94 participants in its 2024 DOL Form 5500 filing, ranking in the 66th 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.

66th percentile by assets (of 116,472 plans)

What the 2024 filing shows

Parasec Employee Stock Ownership Plan and Trust holds $16M for 94 participants - about $174,165 per participant, above the median plan by assets.

$16M
total plan assets (2024 EOY): 94
covered participants: 66th
percentile by assets (of 116,472 plans): $174,165
avg assets per participant

Parasec Employee Stock Ownership Plan and Trust reported net income rose from $466K in the plan year 2023 filing to $974K in the plan year 2024 filing.
Parasec Employee Stock Ownership Plan and Trust end-of-year assets rose from $15M in the plan year 2023 filing to $16M in the plan year 2024 filing.
Parasec Employee Stock Ownership Plan and Trust reported participants rose from 92 in the plan year 2023 filing to 94 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

California

Industry

Professional & Technical Services

ESOP filing for Parasec Employee Stock Ownership Plan and Trust

ESOP filing for plan year 2024: EIN 942756118 ; effective since 1994-03-01 ; filing status FILING RECEIVED. Verify the certified figures on DOL EFAST2.

Filing particulars (2024)

Total Assets (Beginning of Year)	$15M
Net Assets (End of Year)	$16M
Net Income	$974K
Employer EIN	942756118
Plan Effective Date	1994-03-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Paracorp, Inc.)

Total plan assets by year, all Paracorp, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	1	87	$15M
2023	1	92	$15M
2024	1	94	$16M

Nearby ESOP Plans in California

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

Parasec Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in California, assets vs. participants

Parsons Employee Stock Ownership Plan $5.0B · 8,040
Rosendin Electric, Inc. Employee Stock Ownership Plan $1.5B · 1,998
Ecc Employee Stock Ownership Plan $632M · 317
Agron, Inc. Employee Stock Ownership Plan $596M · 68
Proponent Employee Stock Ownership Plan $543M · 439

Compare Parasec Employee Stock Ownership Plan an… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Parasec Employee Stock Ownership Plan and Trust by total assets, not by location.

East Coast Appliance Employee Stock Ownership Plan (VA) $16M · 85
Lockheed Martin Corporation Capital Accumulation Plan for Hourly Ees (MD) $16M · 4,157
Columbus Chemical Industries, Inc. Employee Stock Ownership Plan (WI) $16M · 66
Midwest Equipment Company Employee Stock Ownership Plan (MO) $16M · 73

Frequently Asked Questions

How did Parasec Employee Stock Ownership Plan and Trust assets move in 2024? ▼

Parasec Employee Stock Ownership Plan and Trust grew at a solid clip - up 6.3% during 2024, from $15M to $16M. Reported net income was $974K.

How have Paracorp, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Paracorp, Inc.'s sponsor-wide assets grew 9.6%, from $15M to $16M.

Which ESOP plans are similar in size to Parasec Employee Stock Ownership Plan and Trust? ▼

Among ESOP plans in other states, the closest by assets is East Coast Appliance Employee Stock Ownership Plan in VA ($16M, 85 participants).

Next read for Parasec Employee Stock Ownership Plan an…

Filing takeaways

Ways to act on Parasec Employee Stock Ownership Plan and Trust's numbers.

By total assets, Parasec Employee Stock Ownership Plan and Trust ranks above the median plan by assets. See the largest plans
Compare it side-by-side against 3 similar ESOP plans in California. Compare plans
Paracorp, Inc.'s sponsor-wide assets have grown 9.6% since 2022 across 3 plan years on file. More Professional & Technical Services plans

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 942756118.

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.