ESOP · DOL Form 5500 · 2024

Steel Encounters, Inc. ESOP

Data updated 2026-08-25

$28M
Total assets Below avg plan size
228
Participants Below avg headcount
76th
Percentile by assets National rank
$122,438
Avg per participant Near avg balance/head
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Official DOL plan name: Steel Encounters, Inc. Employee Stock Ownership Plan · Sponsored by Steel Encounters, Inc. · Utah · Wholesale Trade

$28M in assets, 228 participants

Steel Encounters, Inc.'s Steel Encounters, Inc. Employee Stock Ownership Plan reported $28M in total assets and 228 participants in its 2024 DOL Form 5500 filing, ranking in the 76th 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.

  • #4,509 in Wholesale Trade (6,080 peers)

Coverage in Utah

Steel Encounters, Inc. Employee Stock Ownership Plan covers 228 participants in Utah, about 39% of the average Utah filer (state average ~592 per filing). Assets: $28M.

#4,509
in Wholesale Trade (6,080 peers)
+1.1%
assets growth YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $400K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

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

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

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

$27,915,809 Top 24% higher than 76% 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

Steel Encounters, 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. Steel Encounters, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (228 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Steel Encounters, Inc. Employee Stock Ownership Plan reported net income fell from $3M in the plan year 2023 filing to -$400K in the plan year 2024 filing.
  • Steel Encounters, Inc. Employee Stock Ownership Plan reported participants rose from 222 in the plan year 2023 filing to 228 in the plan year 2024 filing.
  • Steel Encounters, Inc. Employee Stock Ownership Plan end-of-year assets rose from $28M in the plan year 2023 filing to $28M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 870426368 · Steel Encounters, Inc. PY 2024 · ESOP

Steel Encounters, Inc. Employee Stock Ownership Plan · $28M · 228 · 76th

  • NET $28M
  • NET 228
  • NET 76th
  • NET ESOP
  • NET near Rotochopper, Inc. First Restated Employee Stock Ownership Plan and Trust
  • NET ind #4509

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 Utah →

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

Peerless Machine and Tool Corporation Employee Stock Ownership PlanPeerless Machine and Tool Co…$28MFirst National Bank of Bemidji Employee Stock Ownership Plan and TrustFirst National Bank of Bemid…$28MSteel Encounters, Inc. Employee Stock Ownership PlanSteel Encounters, Inc. Emplo…$28MRotochopper, Inc. First Restated Employee Stock Ownership Plan and TrustRotochopper, Inc. First Rest…$28MBaker Engineering and Risk Consultants, Inc. Employee Stock Ownership PlanBaker Engineering and Risk C…$28M
End-of-year total assets ($M) among Steel Encounters, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Utah filing particulars

Total Assets (Beginning of Year)$28M
Net Assets (End of Year)$23M
Net Income-$400K
Employer EIN870426368
Plan Effective Date2005-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Steel Encounters, Inc.)

Sponsor-wide plan assets over time

All Steel Encounters, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$40M 21.32379446531317% vs 2022
2024 filing year
$30M$35M$40M$45M 202220232024 $32.9M $40M ▲ +21.3%
Year Plans Participants Total Assets
2022 2 245 $33M
2023 2 453 $39M
2024 2 452 $40M

Nearby ESOP Plans in Utah

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

Steel Encounters, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Utah, assets vs. participants Scatter plot of 6 data points. -20002004006008001000 050100150200 Total assets ($M) Participants Steel Encounters, Inc. Employee Stock Ownership Plan, Total assets ($M): 27.915809 · Participants: 228Steel Encounters, Inc. Employee Stock Ownership PlanWhitaker Construction Co., Inc. Employee Stock Ownership Plan, Total assets ($M): 185.484245 · Participants: 772Whitaker Construction Co., Inc. Employee Stock Ownership PlanRocky Mountain Atv, Inc. Employee Stock Ownership Plan, Total assets ($M): 119.773571 · Participants: 495Rocky Mountain Atv, Inc. Employee Stock Ownership PlanJacobsen Construction Company, Inc. Employee Stock Ownership Plan, Total assets ($M): 119.739328 · Participants: 605Jacobsen Construction Company, Inc. Employee Stock Ownership PlanFj Management Inc. Employee Stock Ownership Plan, Total assets ($M): 93.831351 · Participants: 28Fj Management Inc. Employee Stock Ownership PlanKenny Seng Construction Employee Stock Ownership Plan, Total assets ($M): 73.805536 · Participants: 170Kenny Seng Construction Employee Stock Ownership Plan
Steel Encounters, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Utah, assets vs. participants
Compare Steel Encounters, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Utah, the nearest ESOP by assets is Rotochopper, Inc. First Restated Employee Stock Ownership Plan and Trust in MN ($28M); by covered participants it is Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan in VA (228 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (228 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 Steel Encounters, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Steel Encounters, Inc. Employee Stock Ownership Plan edged up modestly - up 1.1% during 2024, from $28M to $28M. Reported net income was -$400K.
How have Steel Encounters, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Steel Encounters, Inc.'s sponsor-wide assets grew 21.3%, from $33M to $40M.
Where does Steel Encounters, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Steel Encounters, Inc. Employee Stock Ownership Plan ranks in the 76th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Steel Encounters, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Rotochopper, Inc. First Restated Employee Stock Ownership Plan and Trust in MN ($28M, 108 participants).
Which ESOP plans cover a similar participant headcount to Steel Encounters, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan in VA (228 participants, $10M 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 870426368.

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.