ESOP · DOL Form 5500 · 2024

Angelo Iafrate Inc. ESOP

Data updated 2026-08-25

$239M
Total assets Near avg plan size
46
Participants Small participant base
95th
Percentile by assets National rank
$5.2M
Avg per participant High balance/head
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Official DOL plan name: Angelo Iafrate, Inc. Employee Stock Ownership Plan · Sponsored by Angelo Iafrate Inc. · Michigan · Construction

$239M in assets, 46 participants

Angelo Iafrate Inc.'s Angelo Iafrate, Inc. Employee Stock Ownership Plan reported $239M in total assets and 46 participants in its 2024 DOL Form 5500 filing, ranking in the 95th 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.

  • #8,519 in Construction (9,039 peers)

Where Angelo Iafrate, Inc. Employee Stock Ownership Plan sits by assets

Angelo Iafrate, Inc. Employee Stock Ownership Plan sits in the top 5% of all filed plans by assets, $239M for 46 participants (~$5.2M/participant), up 40.1% in 2024.

#8,519
in Construction (9,039 peers)
+40.1%
assets growth YoY
2.4×
vs typical plan assets (national mean)

Angelo Iafrate, Inc. Employee Stock Ownership Plan's outsized position by total assets

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

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

$239,328,078 Top 5% higher than 95% 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

Angelo Iafrate, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Angelo Iafrate, Inc. Employee Stock Ownership Plan is a small filing (46 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Angelo Iafrate, Inc. Employee Stock Ownership Plan reported net income rose from $36M in the plan year 2023 filing to $57M in the plan year 2024 filing.
  • Angelo Iafrate, Inc. Employee Stock Ownership Plan end-of-year assets rose from $171M in the plan year 2023 filing to $239M in the plan year 2024 filing.
  • Angelo Iafrate, Inc. Employee Stock Ownership Plan reported participants fell from 52 in the plan year 2023 filing to 46 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 463961478 · Angelo Iafrate Inc. PY 2024 · ESOP

Angelo Iafrate, Inc. Employee Stock Ownership Plan · $239M · 46 · 95th

  • BOY $239M
  • SCH 46
  • EBSA 95th
  • PART ESOP
  • TYPE near Inline Electric Employee Stock Ownership Plan
  • NET ind #8519

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 Michigan →

Angelo Iafrate, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Employee Stock Ownership Plan of the Bank of New York Company, Inc.Employee Stock Ownership Pla…$244MInline Electric Employee Stock Ownership PlanInline Electric Employee Sto…$243MAngelo Iafrate, Inc. Employee Stock Ownership PlanAngelo Iafrate, Inc. Employe…$239MMarshall & Sterling Enterprises, Inc. Employee Stock Ownership PlanMarshall & Sterling Enterpri…$234MPace Supply Corporation Employee Stock Ownership PlanPace Supply Corporation Empl…$234M
End-of-year total assets ($M) among Angelo Iafrate, Inc. 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)$171M
Net Assets (End of Year)$197M
Net Income$57M
Employer EIN463961478
Plan Effective Date2013-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Angelo Iafrate Inc.)

Sponsor-wide plan assets over time

All Angelo Iafrate Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$239M 84.31386109357288% vs 2022
2024 filing year
$100M$150M$200M$250M$300M 202220232024 $130M $239M ▲ +84.3%
Year Plans Participants Total Assets
2022 1 66 $130M
2023 1 52 $171M
2024 1 46 $239M

Nearby ESOP Plans in Michigan

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

Angelo Iafrate, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants Scatter plot of 6 data points. -50005001000150020002500 00.511.52 Total assets ($B) Participants Angelo Iafrate, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.239328078 · Participants: 46Angelo Iafrate, Inc. Employee Stock Ownership PlanMcnaughton-Mckay Electric Company Employee Stock Ownership Plan, Total assets ($B): 1.551258212 · Participants: 1780Mcnaughton-Mckay Electric Company Employee Stock Ownership PlanThe Kendall Group Employee Stock Ownership Plan, Total assets ($B): 0.899849551 · Participants: 1936The Kendall Group Employee Stock Ownership PlanProject Worldwide, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.452711138 · Participants: 1284Project Worldwide, Inc. Employee Stock Ownership PlanMotor City Electric Co. Employee Stock Ownership Plan, Total assets ($B): 0.410252812 · Participants: 218Motor City Electric Co. Employee Stock Ownership PlanLee Contracting, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.250474411 · Participants: 565Lee Contracting, Inc. Employee Stock Ownership Plan
Angelo Iafrate, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Angelo Iafrate, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Michigan, the nearest ESOP by assets is Inline Electric Employee Stock Ownership Plan in AL ($243M); by covered participants it is Admix, Inc. Employee Stock Ownership Plan in NH (46 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (46 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 Angelo Iafrate, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Angelo Iafrate, Inc. Employee Stock Ownership Plan surged - up 40.1% during 2024, from $171M to $239M. Reported net income was $57M.
How have Angelo Iafrate Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Angelo Iafrate Inc.'s sponsor-wide assets grew 84.3%, from $130M to $239M.
Where does Angelo Iafrate, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Angelo Iafrate, Inc. Employee Stock Ownership Plan ranks in the 95th 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 Angelo Iafrate, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Inline Electric Employee Stock Ownership Plan in AL ($243M, 298 participants).
Which ESOP plans cover a similar participant headcount to Angelo Iafrate, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Admix, Inc. Employee Stock Ownership Plan in NH (46 participants, $6M 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 463961478.

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.