ESOP · DOL Form 5500 · 2024

John H. Carter Co., Inc. ESOP

Data updated 2026-07-24

$731M
Total assets: 745
Participants: 98th
Percentile by assets: $981,856
Avg per participant

Official DOL plan name: Magnolia Employee Stock Ownership Plan · Sponsored by John H. Carter Co., Inc. · Louisiana · Professional & Technical Services

$731M in assets, 745 participants

John H. Carter Co., Inc.'s Magnolia Employee Stock Ownership Plan reported $731M in total assets and 745 participants in its 2024 DOL Form 5500 filing, ranking in the 98th 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.

98th percentile by assets (of 116,472 plans)

Where Magnolia Employee Stock Ownership Plan sits by assets

Magnolia Employee Stock Ownership Plan sits in the top 5% of all filed plans by assets, $731M for 745 participants (~$981,856/participant), up 19.6% in 2024.

$731M
total plan assets (2024 EOY): 745
covered participants: 98th
percentile by assets (of 116,472 plans): $981,856
avg assets per participant

Magnolia Employee Stock Ownership Plan reported participants rose from 44 in the plan year 2023 filing to 745 in the plan year 2024 filing.
Magnolia Employee Stock Ownership Plan end-of-year assets rose from $612M in the plan year 2023 filing to $731M in the plan year 2024 filing.
Magnolia Employee Stock Ownership Plan reported net income rose from $117M in the plan year 2023 filing to $125M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Louisiana

Industry

Professional & Technical Services

Magnolia Employee Stock Ownership Plan vs the 2024 asset distribution

By assets, Magnolia Employee Stock Ownership Plan outranks 98% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 7.3x the national average plan size of $100M (730 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$612M
Net Assets (End of Year)	$589M
Net Income	$125M
Employer EIN	720494338
Plan Effective Date	1998-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (John H. Carter Co., Inc.)

Total plan assets by year, all John H. Carter Co., Inc. plans on file

Year	Plans	Participants	Total Assets
2022	2	1,186	$534M
2023	2	726	$651M
2024	2	1,464	$777M

Nearby ESOP Plans in Louisiana

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

Magnolia Employee Stock Ownership Plan vs. nearby ESOP plans in Louisiana, assets vs. participants

Acadian Ambulance Service, Inc. Employee Stock Ownership Plan $528M · 3,705
Rogers Manufacturing Corporation Employee Stock Ownership Plan $161M · 142
Mcelroy Metal Mill, Inc. Employee Stock Ownership Plan $142M · 573
Gulf Coast Bank & Trust Company Employee Stock Ownership Plan $139M · 867
Amg Employee Stock Ownership Plan $115M · 502

Compare Magnolia Employee Stock Ownership Plan side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

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

Consigli Building Group Employee Stock Ownership Plan (MA) $729M · 1,684
Thirty Fifteen Employee Stock Ownership Plan (FL) $725M · 4,730
Summit Companies Holdings, Inc. Employee Stock Ownership Plan (FL) $754M · 354
Warehouse Home Furnishings Distributors, Inc. Employee Stock Ownership Plan (GA) $681M · 1,745

Frequently Asked Questions

How did Magnolia Employee Stock Ownership Plan assets move in 2024? ▼

Magnolia Employee Stock Ownership Plan grew sharply - up 19.6% during 2024, from $612M to $731M. Reported net income was $125M.

How have John H. Carter Co., Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), John H. Carter Co., Inc.'s sponsor-wide assets grew 45.5%, from $534M to $777M.

Where does Magnolia Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼

Magnolia Employee Stock Ownership Plan ranks in the 98th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).

Which ESOP plans are similar in size to Magnolia Employee Stock Ownership Plan? ▼

Among ESOP plans in other states, the closest by assets is Consigli Building Group Employee Stock Ownership Plan in MA ($729M, 1,684 participants).

Next read for Magnolia Employee Stock Ownership Plan

Scale reading

Ways to act on Magnolia Employee Stock Ownership Plan's numbers.

By total assets, Magnolia Employee Stock Ownership Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar ESOP plans in Louisiana. Compare plans
John H. Carter Co., Inc.'s sponsor-wide assets have grown 45.5% 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 720494338.

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.