ESOP · DOL Form 5500 · 2024

Wescom, Inc. ESOP

Data updated 2026-08-25

$12M
Total assets Small plan by assets
238
Participants Below avg headcount
59th
Percentile by assets National rank
$49,309
Avg per participant Low balance/head
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Official DOL plan name: Wescom, Inc. Employee Stock Ownership Plan · Sponsored by Wescom, Inc. · Minnesota · Construction

$12M in assets, 238 participants

Wescom, Inc.'s Wescom, Inc. Employee Stock Ownership Plan reported $12M in total assets and 238 participants in its 2024 DOL Form 5500 filing, ranking in the 59th 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.

  • #5,195 in Construction (9,039 peers)

Coverage in Minnesota

Wescom, Inc. Employee Stock Ownership Plan covers 238 participants in Minnesota, about 21% of the average Minnesota filer (state average ~1,126 per filing). Assets: $12M.

#5,195
in Construction (9,039 peers)
+168.5%
assets growth YoY

Wescom, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Construction and all filers

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

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

$11,735,591 Top 41% higher than 59% 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

Wescom, 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. Wescom, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (238 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Wescom, Inc. Employee Stock Ownership Plan reported net income rose from -$6M in the plan year 2023 filing to $7M in the plan year 2024 filing.
  • Wescom, Inc. Employee Stock Ownership Plan end-of-year assets rose from $4M in the plan year 2023 filing to $12M in the plan year 2024 filing.
  • Wescom, Inc. Employee Stock Ownership Plan reported participants rose from 186 in the plan year 2023 filing to 238 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 460460708 · Wescom, Inc. PY 2024 · ESOP

Wescom, Inc. Employee Stock Ownership Plan · $12M · 238 · 59th

  • TYPE $12M
  • TYPE 238
  • TYPE 59th
  • TYPE ESOP
  • TYPE near Crs Hardware Corporation Employee Stock Ownership Plan
  • TYPE ind #5195

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 Minnesota →

Wescom, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Wescom, Inc. Employee Stock Ownership PlanWescom, Inc. Employee Stock …$12MCrs Hardware Corporation Employee Stock Ownership PlanCrs Hardware Corporation Emp…$12MBollman Hat Company Employee Stock Ownership PlanBollman Hat Company Employee…$12MMusselman and Hall Employee Stock Ownership PlanMusselman and Hall Employee …$12MDavid Allen Company, Inc. Employee Stock Ownership PlanDavid Allen Company, Inc. Em…$12M
End-of-year total assets ($M) among Wescom, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$3M
Net Income$7M
Employer EIN460460708
Plan Effective Date2021-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Wescom, Inc.)

Sponsor-wide plan assets over time

All Wescom, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$20M 285.27318652109574% vs 2022
2024 filing year
$0M$5M$10M$15M$20M$25M 202220232024 $5.15M $19.8M ▲ +284.9%
Year Plans Participants Total Assets
2022 2 263 $5M
2023 1 186 $4M
2024 2 492 $20M

Nearby ESOP Plans in Minnesota

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

Wescom, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -500050010001500 Total assets ($M) Participants Wescom, Inc. Employee Stock Ownership Plan, Total assets ($M): 11.735591 · Participants: 238Wescom, Inc. Employee Stock Ownership PlanAndersen Corporation Employee Stock Ownership Plan, Total assets ($M): 962.686911 · Participants: 12104Andersen Corporation Employee Stock Ownership PlanLandscape Structures, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 593.784492 · Participants: 490Landscape Structures, Inc. Employee Stock Ownership Plan and TrustKingdom Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 593.525018 · Participants: 782Kingdom Enterprises, Inc. Employee Stock Ownership PlanForce America Inc. Employee Stock Ownership Plan, Total assets ($M): 472.716981 · Participants: 615Force America Inc. Employee Stock Ownership PlanAblenet, Inc. Employee Stock Ownership Plan, Total assets ($M): 459.837439 · Participants: 134Ablenet, Inc. Employee Stock Ownership Plan
Wescom, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Wescom, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Minnesota, the nearest ESOP by assets is Crs Hardware Corporation Employee Stock Ownership Plan in FL ($12M); by covered participants it is Community Financial Services, Inc. Employee Stock Ownership Plan in KY (238 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (238 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 Wescom, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Wescom, Inc. Employee Stock Ownership Plan surged - up 168.5% during 2024, from $4M to $12M. Reported net income was $7M.
How have Wescom, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Wescom, Inc.'s sponsor-wide assets grew 285.3%, from $5M to $20M.
Which ESOP plans are similar in size to Wescom, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Crs Hardware Corporation Employee Stock Ownership Plan in FL ($12M, 164 participants).
Which ESOP plans cover a similar participant headcount to Wescom, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Community Financial Services, Inc. Employee Stock Ownership Plan in KY (238 participants, $28M 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 460460708.

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.