ESOP · DOL Form 5500 · 2024
Industrial Turnaround Corporation ESOP
Data updated 2026-07-24
- $13M
- Total assets
- 477
- Participants
- 62nd
- Percentile by assets
- $27,614
- Avg per participant
Official DOL plan name: Itac ESOP Retirement Plan and Trust · Sponsored by Industrial Turnaround Corporation · Virginia · Professional & Technical Services
$13M in assets, 477 participants
Industrial Turnaround Corporation's Itac ESOP Retirement Plan and Trust reported $13M in total assets and 477 participants in its 2024 DOL Form 5500 filing, ranking in the 62nd 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.
- 62nd percentile by assets (of 116,472 plans)
Industrial Turnaround Corporation multi-year trail
Industrial Turnaround Corporation's plans moved +37.7% in assets from 2022 to 2024; this filing shows Itac ESOP Retirement Plan and Trust at $13M / 477 participants.
- $13M
- total plan assets (2024 EOY)
- 477
- covered participants
- 62nd
- percentile by assets (of 116,472 plans)
- $27,614
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Itac ESOP Retirement Plan and Trust reported net income rose from $2M in the plan year 2023 filing to $4M in the plan year 2024 filing.
- Itac ESOP Retirement Plan and Trust end-of-year assets rose from $9M in the plan year 2023 filing to $13M in the plan year 2024 filing.
- Itac ESOP Retirement Plan and Trust reported participants rose from 453 in the plan year 2023 filing to 477 in the plan year 2024 filing.
Industrial Turnaround Corporation across 3 plan years on file
Across the 3 plan years Industrial Turnaround Corporation has on file (2022-2024), sponsor-wide plan assets have moved from $50M to $68M, a gain of 37.7%, while reported participants moved from 912 to 956 (+4.8%). Peak year by sponsor assets: 2024 ($68M); trough: 2022 ($50M).
Industrial Turnaround Corporation multi-year asset trail
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 912 | $50M |
| 2023 | 2 | 905 | $59M |
| 2024 | 2 | 956 | $68M |
Industrial Turnaround Corporation filing trail (2024)
| Total Assets (Beginning of Year) | $9M |
|---|---|
| Net Assets (End of Year) | $13M |
| Net Income | $4M |
| Employer EIN | 541453225 |
| Plan Effective Date | 2019-01-01 |
| Filing Status | FILING RECEIVED |
Nearby ESOP Plans in Virginia
Peer ESOP plans, same state, same plan type, ranked by total assets.
Itac ESOP Retirement Plan and Trust vs. nearby ESOP plans in Virginia, assets vs. participants
- Nvr, Inc. Employee Stock Ownership Plan $1.3B · 6,515
- Delta Star Employee Stock Ownership Plan $447M · 222
- Modern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust $407M · 1,962
- The Resorts Companies, Inc. Employee Stock Ownership Plan $386M · 1,811
- New River Electrical Corporation Employee Stock Ownership Plan $380M · 458
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Itac ESOP Retirement Plan and Trust by total assets, not by location.
Frequently Asked Questions
How did Itac ESOP Retirement Plan and Trust assets move in 2024? ▼
How have Industrial Turnaround Corporation plan assets changed over time? ▼
Which ESOP plans are similar in size to Itac ESOP Retirement Plan and Trust? ▼
Next read for Itac ESOP Retirement Plan and Trust
Multi-year trail
Ways to act on Itac ESOP Retirement Plan and Trust's numbers.
- By total assets, Itac ESOP Retirement Plan and Trust ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Virginia. Compare plans
- Industrial Turnaround Corporation's sponsor-wide assets have grown 37.7% 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 541453225.
Read our methodology - how this data is sourced, computed, and verified.