ESOP · DOL Form 5500 · 2024
Weco Inc. ESOP
Data updated 2026-07-24
- $52M
- Total assets
- 145
- Participants
- 85th
- Percentile by assets
- $361,647
- Avg per participant
Official DOL plan name: Weco Employee Stock Ownership Plan and Trust · Sponsored by Weco Inc. · Iowa · Construction
$52M in assets, 145 participants
Weco Inc.'s Weco Employee Stock Ownership Plan and Trust reported $52M in total assets and 145 participants in its 2024 DOL Form 5500 filing, ranking in the 85th 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.
- 85th percentile by assets (of 116,472 plans)
Coverage in Iowa
Weco Employee Stock Ownership Plan and Trust covers 145 participants in Iowa, about 23% of the average Iowa filer (state average ~632 per filing). Assets: $52M.
- $52M
- total plan assets (2024 EOY)
- 145
- covered participants
- 85th
- percentile by assets (of 116,472 plans)
- $361,647
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Weco Employee Stock Ownership Plan and Trust reported net income fell from $17M in the plan year 2023 filing to $9M in the plan year 2024 filing.
- Weco Employee Stock Ownership Plan and Trust end-of-year assets rose from $44M in the plan year 2023 filing to $52M in the plan year 2024 filing.
- Weco Employee Stock Ownership Plan and Trust reported participants rose from 142 in the plan year 2023 filing to 145 in the plan year 2024 filing.
Participants vs Iowa filers
In Iowa, the average filing covers about 632 participants across 1,162 plans. Weco Employee Stock Ownership Plan and Trust reports 145 participants - about 23% of that state average ($52M EOY assets).
Iowa filing particulars
| Total Assets (Beginning of Year) | $44M |
|---|---|
| Net Assets (End of Year) | $46M |
| Net Income | $9M |
| Employer EIN | 421320871 |
| Plan Effective Date | 2020-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Weco Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 156 | $27M |
| 2023 | 1 | 142 | $44M |
| 2024 | 1 | 145 | $52M |
Nearby ESOP Plans in Iowa
Peer ESOP plans, same state, same plan type, ranked by total assets.
Weco Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Iowa, assets vs. participants
- Employee Owned Brands, Inc. Employee Stock Ownership Plan $877M · 819
- Van Meter Industrial, Inc. Employee Stock Ownership Plan $659M · 849
- Vgm Group, Inc. Employee Stock Ownership Plan $426M · 1,169
- Annett Holdings, Inc. Employee Stock Ownership Plan & Trust $419M · 2,972
- Telligen, Inc. Employee Stock Ownership Plan $147M · 597
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Weco Employee Stock Ownership Plan and Trust by total assets, not by location.
Frequently Asked Questions
How did Weco Employee Stock Ownership Plan and Trust assets move in 2024? ▼
How have Weco Inc. plan assets changed over time? ▼
Where does Weco Employee Stock Ownership Plan and Trust rank by assets among Form 5500 filers? ▼
Which ESOP plans are similar in size to Weco Employee Stock Ownership Plan and Trust? ▼
Next read for Weco Employee Stock Ownership Plan and T…
Filing takeaways
Ways to act on Weco Employee Stock Ownership Plan and Trust's numbers.
- By total assets, Weco Employee Stock Ownership Plan and Trust ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Iowa. Compare plans
- Weco Inc.'s sponsor-wide assets have grown 94.9% since 2022 across 3 plan years on file. More Construction 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 421320871.
Read our methodology - how this data is sourced, computed, and verified.