ESOP · DOL Form 5500 · 2024

Angelo Iafrate Inc. ESOP

Data updated 2026-07-24

$239M
Total assets: 46
Participants: 95th
Percentile by assets: $5.2M
Avg per participant

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.

95th percentile by assets (of 116,472 plans)

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.

$239M
total plan assets (2024 EOY): 46
covered participants: 95th
percentile by assets (of 116,472 plans): $5.2M
avg assets per participant

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 →

State

Michigan

Industry

Construction

Angelo Iafrate, Inc. Employee Stock Ownership Plan vs the 2024 asset distribution

By assets, Angelo Iafrate, Inc. Employee Stock Ownership Plan outranks 95% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 2.4x the national average plan size of $100M (730 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$171M
Net Assets (End of Year)	$197M
Net Income	$57M
Employer EIN	463961478
Plan Effective Date	2013-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Angelo Iafrate Inc.)

Total plan assets by year, all Angelo Iafrate Inc. plans on file

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

Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan $1.6B · 1,780
Project Worldwide, Inc. Employee Stock Ownership Plan $453M · 1,284
Lee Contracting, Inc. Employee Stock Ownership Plan $250M · 565
National Nail Corp. Employee Stock Ownership Plan $235M · 155
Bandit Holding Company, Inc. Employee Stock Ownership Plan $182M · 700

Compare Angelo Iafrate, Inc. Employee Stock Owne… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

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

Inline Electric Employee Stock Ownership Plan (AL) $243M · 298
Employee Stock Ownership Plan of the Bank of New York Company, Inc. (PA) $244M · 2,437
Marshall & Sterling Enterprises, Inc. Employee Stock Ownership Plan (NY) $234M · 518
Pace Supply Corporation Employee Stock Ownership Plan (CA) $234M · 1,276

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 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 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).

Next read for Angelo Iafrate, Inc. Employee Stock Owne…

Scale reading

Ways to act on Angelo Iafrate, Inc. Employee Stock Ownership Plan's numbers.

By total assets, Angelo Iafrate, Inc. 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 Michigan. Compare plans
Angelo Iafrate Inc.'s sponsor-wide assets have grown 84.3% since 2022 across 3 plan years on file. More Construction 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 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.