ESOP · DOL Form 5500 · 2024

Weco Inc. ESOP

Data updated 2026-08-25

$52M
Total assets Below avg plan size
145
Participants Small participant base
85th
Percentile by assets National rank
$361,647
Avg per participant High balance/head
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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.

  • #7,488 in Construction (9,039 peers)

Coverage in Iowa

Weco Employee Stock Ownership Plan and Trust covers 145 participants in Iowa, about 24% of the average Iowa filer (state average ~609 per filing). Assets: $52M.

#7,488
in Construction (9,039 peers)
+20.3%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Weco Employee Stock Ownership Plan and Trust's outsized position by total assets

Weco Employee Stock Ownership Plan and Trust vs every filed plan by assets

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

$52,438,874 Top 15% higher than 85% 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

Weco Employee Stock Ownership Plan and Trust 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. Weco Employee Stock Ownership Plan and Trust sits mid-pack in the medium band (145 participants).

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.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 421320871 · Weco Inc. PY 2024 · ESOP

Weco Employee Stock Ownership Plan and Trust · $52M · 145 · 85th

  • PART $52M
  • PART 145
  • PART 85th
  • PART ESOP
  • PART near Southeast Bancorp, Inc. Employee Stock Ownership Plan
  • PART ind #7488

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 Iowa →

Weco Employee Stock Ownership Plan and Trust in the asset neighbourhood

Rcss Holdings, Inc. Employee Stock Ownership PlanRcss Holdings, Inc. Employee…$53MSoutheast Bancorp, Inc. Employee Stock Ownership PlanSoutheast Bancorp, Inc. Empl…$52MWeco Employee Stock Ownership Plan and TrustWeco Employee Stock Ownershi…$52MThybar Corporation Employee Stock Ownership PlanThybar Corporation Employee …$52MThompson Surgical Instruments, Inc. Employee Stock Ownership PlanThompson Surgical Instrument…$52M
End-of-year total assets ($M) among Weco Employee Stock Ownership Plan and Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Iowa filing particulars

Total Assets (Beginning of Year)$44M
Net Assets (End of Year)$46M
Net Income$9M
Employer EIN421320871
Plan Effective Date2020-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Weco Inc.)

Sponsor-wide plan assets over time

All Weco Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$52M 94.86761055369752% vs 2022
2024 filing year
$20M$30M$40M$50M$60M 202220232024 $26.9M $52.4M ▲ +94.9%
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 Scatter plot of 6 data points. 050010001500 02004006008001000 Total assets ($M) Participants Weco Employee Stock Ownership Plan and Trust, Total assets ($M): 52.438874 · Participants: 145Weco Employee Stock Ownership Plan and TrustEmployee Owned Brands, Inc. Employee Stock Ownership Plan, Total assets ($M): 877.41862 · Participants: 819Employee Owned Brands, Inc. Employee Stock Ownership PlanVan Meter Industrial, Inc. Employee Stock Ownership Plan, Total assets ($M): 658.666503 · Participants: 849Van Meter Industrial, Inc. Employee Stock Ownership PlanIta Group Holdings, Inc. Employees' Stock Ownership Plan, Total assets ($M): 498.079165 · Participants: 907Ita Group Holdings, Inc. Employees' Stock Ownership PlanPrecision, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 472.977214 · Participants: 658Precision, Inc. Employee Stock Ownership Plan and TrustVgm Group, Inc. Employee Stock Ownership Plan, Total assets ($M): 426.304167 · Participants: 1169Vgm Group, Inc. Employee Stock Ownership Plan
Weco Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Iowa, assets vs. participants
Compare Weco Employee Stock Ownership Plan and Trust side-by-side with 3 peers →

Weco Employee Stock Ownership Plan and Trust's out-of-state ESOP peers by assets and headcount

Outside Iowa, the nearest ESOP by assets is Southeast Bancorp, Inc. Employee Stock Ownership Plan in TN ($52M); by covered participants it is Alaska Rent-a-Car, Inc. Employee Stock Ownership Plan in AK (145 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (145 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 Weco Employee Stock Ownership Plan and Trust assets move in 2024? ▼
Weco Employee Stock Ownership Plan and Trust grew sharply - up 20.3% during 2024, from $44M to $52M. Reported net income was $9M.
How have Weco Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Weco Inc.'s sponsor-wide assets grew 94.9%, from $27M to $52M.
Where does Weco Employee Stock Ownership Plan and Trust rank by assets among Form 5500 filers? ▼
Weco Employee Stock Ownership Plan and Trust ranks in the 85th 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 Weco Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by assets is Southeast Bancorp, Inc. Employee Stock Ownership Plan in TN ($52M, 282 participants).
Which ESOP plans cover a similar participant headcount to Weco Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by covered participants is Alaska Rent-a-Car, Inc. Employee Stock Ownership Plan in AK (145 participants, $16M 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 421320871.

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.