ESOP · DOL Form 5500 · 2024

Abco Automation, Inc. ESOP

Data updated 2026-08-25

$7M
Total assets Small plan by assets
148
Participants Small participant base
47th
Percentile by assets National rank
$44,181
Avg per participant Low balance/head
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Official DOL plan name: Abco Automation, Inc. Employee Stock Ownership Plan · Sponsored by Abco Automation, Inc. · North Carolina · Manufacturing

$7M in assets, 148 participants

Abco Automation, Inc.'s Abco Automation, Inc. Employee Stock Ownership Plan reported $7M in total assets and 148 participants in its 2024 DOL Form 5500 filing, ranking in the 47th 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.

  • #5,456 in Manufacturing (17,777 peers)

Coverage in North Carolina

Abco Automation, Inc. Employee Stock Ownership Plan covers 148 participants in North Carolina, about 18% of the average North Carolina filer (state average ~819 per filing). Assets: $7M.

#5,456
in Manufacturing (17,777 peers)
-17.6%
assets change YoY

The plan reported a net loss of $993K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Abco Automation, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Manufacturing and all filers

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

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

$6,538,765 47th percentile higher than 47% 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

Abco Automation, Inc. Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Abco Automation, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (148 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Abco Automation, Inc. Employee Stock Ownership Plan reported net income fell from $261K in the plan year 2023 filing to -$993K in the plan year 2024 filing.
  • Abco Automation, Inc. Employee Stock Ownership Plan end-of-year assets fell from $8M in the plan year 2023 filing to $7M in the plan year 2024 filing.
  • Abco Automation, Inc. Employee Stock Ownership Plan reported participants rose from 140 in the plan year 2023 filing to 148 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 561529470 · Abco Automation, Inc. PY 2024 · ESOP

Abco Automation, Inc. Employee Stock Ownership Plan · $7M · 148 · 47th

  • BOY $7M
  • SCH 148
  • EBSA 47th
  • PART ESOP
  • TYPE near Inland Waterproofing Services, Inc. Employee Stock Ownership Plan & Trust
  • NET ind #5456

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 →

Abco Automation, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Fargo Glass & Paint Company Employee Stock Ownership PlanFargo Glass & Paint Company …$7MGoody, Clancy & Associates Employee Stock Ownership PlanGoody, Clancy & Associates E…$7MAbco Automation, Inc. Employee Stock Ownership PlanAbco Automation, Inc. Employ…$7MInland Waterproofing Services, Inc. Employee Stock Ownership Plan & TrustInland Waterproofing Service…$7MTec Management Consultants, Inc. Employee Stock Ownership PlanTec Management Consultants, …$7M
End-of-year total assets ($M) among Abco Automation, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$5M
Net Income-$993K
Employer EIN561529470
Plan Effective Date1998-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Abco Automation, Inc.)

Sponsor-wide plan assets over time

All Abco Automation, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$21M 8.87341088217832% vs 2022
2024 filing year
$18M$19M$20M$21M$22M 202220232024 $19.1M $20.8M ▲ +8.9%
Year Plans Participants Total Assets
2022 2 254 $19M
2023 2 282 $21M
2024 2 303 $21M

Nearby ESOP Plans in North Carolina

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

Abco Automation, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants Scatter plot of 6 data points. 050010001500 -50050100150200 Total assets ($M) Participants Abco Automation, Inc. Employee Stock Ownership Plan, Total assets ($M): 6.538765 · Participants: 148Abco Automation, 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
Abco Automation, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants
Compare Abco Automation, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside North Carolina, the nearest ESOP by assets is Inland Waterproofing Services, Inc. Employee Stock Ownership Plan & Trust in ID ($7M); by covered participants it is Island Kinetics, Inc. Employee Stock Ownership Plan in AZ (148 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (148 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 Abco Automation, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Abco Automation, Inc. Employee Stock Ownership Plan declined sharply - down 17.6% during 2024, from $8M to $7M. Reported net income was -$993K.
How have Abco Automation, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Abco Automation, Inc.'s sponsor-wide assets grew 8.9%, from $19M to $21M.
Which ESOP plans are similar in size to Abco Automation, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Inland Waterproofing Services, Inc. Employee Stock Ownership Plan & Trust in ID ($7M, 45 participants).
Which ESOP plans cover a similar participant headcount to Abco Automation, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Island Kinetics, Inc. Employee Stock Ownership Plan in AZ (148 participants, $33M 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 561529470.

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.