ESOP · DOL Form 5500 · 2024

John H. Carter Co., Inc. ESOP

Data updated 2026-08-25

$731M
Total assets Above avg plan size
745
Participants Near avg headcount
98th
Percentile by assets National rank
$981,856
Avg per participant High balance/head
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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.

  • #19,892 in Professional & Technical Services (20,173 peers)

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.

#19,892
in Professional & Technical Services (20,173 peers)
+19.6%
assets growth YoY
7.3×
vs typical plan assets (national mean)

Magnolia Employee Stock Ownership Plan's outsized position by total assets

Magnolia Employee Stock Ownership Plan vs every filed plan by assets

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

$731,482,952 Top 2% higher than 98% 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

Magnolia 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. Magnolia Employee Stock Ownership Plan sits mid-pack in the medium band (745 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • 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 →

DOL schedule card

Filing strip 720494338 · John H. Carter Co., Inc. PY 2024 · ESOP

Magnolia Employee Stock Ownership Plan · $731M · 745 · 98th

  • TYPE $731M
  • TYPE 745
  • TYPE 98th
  • TYPE ESOP
  • TYPE near Consigli Building Group Employee Stock Ownership Plan
  • TYPE ind #19892

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 Louisiana →

Magnolia Employee Stock Ownership Plan in the asset neighbourhood

Summit Companies Holdings, Inc. Employee Stock Ownership PlanSummit Companies Holdings, I…$754MMagnolia Employee Stock Ownership PlanMagnolia Employee Stock Owne…$731MConsigli Building Group Employee Stock Ownership PlanConsigli Building Group Empl…$729MThirty Fifteen Employee Stock Ownership PlanThirty Fifteen Employee Stoc…$725MSheetz, Inc. Employee Stock Ownership PlanSheetz, Inc. Employee Stock …$721M
End-of-year total assets ($M) among Magnolia Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$612M
Net Assets (End of Year)$589M
Net Income$125M
Employer EIN720494338
Plan Effective Date1998-01-01
Filing StatusFILING RECEIVED

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

Sponsor-wide plan assets over time

All John H. Carter Co., Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$777M 45.47744749780444% vs 2022
2024 filing year
$500M$600M$700M$800M$900M 202220232024 $534M $777M ▲ +45.5%
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 Scatter plot of 6 data points. -100001000200030004000 0200400600800 Total assets ($M) Participants Magnolia Employee Stock Ownership Plan, Total assets ($M): 731.482952 · Participants: 745Magnolia Employee Stock Ownership PlanAcadian Ambulance Service, Inc. Employee Stock Ownership Plan, Total assets ($M): 528.169396 · Participants: 3705Acadian Ambulance Service, Inc. Employee Stock Ownership PlanRogers Manufacturing Corporation Employee Stock Ownership Plan, Total assets ($M): 160.596658 · Participants: 142Rogers Manufacturing Corporation Employee Stock Ownership PlanMcelroy Metal Mill, Inc. Employee Stock Ownership Plan, Total assets ($M): 142.07737 · Participants: 573Mcelroy Metal Mill, Inc. Employee Stock Ownership PlanGulf Coast Bank & Trust Company Employee Stock Ownership Plan, Total assets ($M): 139.403332 · Participants: 867Gulf Coast Bank & Trust Company Employee Stock Ownership PlanAmg Employee Stock Ownership Plan, Total assets ($M): 115.495001 · Participants: 502Amg Employee Stock Ownership Plan
Magnolia Employee Stock Ownership Plan vs. nearby ESOP plans in Louisiana, assets vs. participants
Compare Magnolia Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Louisiana, the nearest ESOP by assets is Consigli Building Group Employee Stock Ownership Plan in MA ($729M); by covered participants it is Alerus Financial Corporation Employee Stock Owners in ND (744 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (745 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 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 123,622 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).
Which ESOP plans cover a similar participant headcount to Magnolia Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Alerus Financial Corporation Employee Stock Owners in ND (744 participants, $24M 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 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.