ESOP · DOL Form 5500 · 2024

Tobacco Rag Processors, Inc. ESOP

Data updated 2026-07-24

$88M
Total assets: 191
Participants: 89th
Percentile by assets: $458,418
Avg per participant

Official DOL plan name: Tobacco Rag Processors, Inc. Employee Stock Ownership Plan · Sponsored by Tobacco Rag Processors, Inc. · North Carolina · Manufacturing

$88M in assets, 191 participants

Tobacco Rag Processors, Inc.'s Tobacco Rag Processors, Inc. Employee Stock Ownership Plan reported $88M in total assets and 191 participants in its 2024 DOL Form 5500 filing, ranking in the 89th 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.

89th percentile by assets (of 116,472 plans)

Coverage in North Carolina

Tobacco Rag Processors, Inc. Employee Stock Ownership Plan covers 191 participants in North Carolina, about 23% of the average North Carolina filer (state average ~846 per filing). Assets: $88M.

$88M
total plan assets (2024 EOY): 191
covered participants: 89th
percentile by assets (of 116,472 plans): $458,418
avg assets per participant

Tobacco Rag Processors, Inc. Employee Stock Ownership Plan reported net income rose from $11M in the plan year 2023 filing to $39M in the plan year 2024 filing.
Tobacco Rag Processors, Inc. Employee Stock Ownership Plan end-of-year assets rose from $49M in the plan year 2023 filing to $88M in the plan year 2024 filing.
Tobacco Rag Processors, Inc. Employee Stock Ownership Plan reported participants rose from 168 in the plan year 2023 filing to 191 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

North Carolina

Industry

Manufacturing

Participants vs North Carolina filers

In North Carolina, the average filing covers about 846 participants across 3,325 plans. Tobacco Rag Processors, Inc. Employee Stock Ownership Plan reports 191 participants - about 23% of that state average ($88M EOY assets).

North Carolina filing particulars

Total Assets (Beginning of Year)	$49M
Net Assets (End of Year)	$76M
Net Income	$39M
Employer EIN	562203637
Plan Effective Date	2010-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Tobacco Rag Processors, Inc.)

Total plan assets by year, all Tobacco Rag Processors, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	2	285	$44M
2023	1	168	$49M
2024	2	311	$96M

Nearby ESOP Plans in North Carolina

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

Tobacco Rag Processors, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants

Columbia Forest Products, Inc. Employee Stock Ownership Plan and Trust $184M · 1,396
Ecmd, Inc. Employee Stock Ownership Plan $154M · 969
Precision Walls, Inc. Employee Stock Ownership Plan $143M · 1,228
State Utility Contractors, Inc. Employee Stock Ownership Plan $123M · 158
Recore Employee Stock Ownership Plan $109M · 140

Compare Tobacco Rag Processors, Inc. Employee St… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Tobacco Rag Processors, Inc. Employee Stock Ownership Plan by total assets, not by location.

Mypath Employee Stock Ownership Plan (WI) $88M · 1,615
Immi Holdings, Inc. Employee Stock Ownership Plan (IN) $88M · 618
Railroad Construction Company, Inc. Employee Stock Ownership Plan (NJ) $88M · 144
Tuff Shed, Inc. Employee Stock Ownership Plan (CO) $88M · 1,529

Frequently Asked Questions

How did Tobacco Rag Processors, Inc. Employee Stock Ownership Plan assets move in 2024? ▼

Tobacco Rag Processors, Inc. Employee Stock Ownership Plan surged - up 78.4% during 2024, from $49M to $88M. Reported net income was $39M.

How have Tobacco Rag Processors, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Tobacco Rag Processors, Inc.'s sponsor-wide assets grew 116.6%, from $44M to $96M.

Where does Tobacco Rag Processors, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼

Tobacco Rag Processors, Inc. Employee Stock Ownership Plan ranks in the 89th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).

Which ESOP plans are similar in size to Tobacco Rag Processors, Inc. Employee Stock Ownership Plan? ▼

Among ESOP plans in other states, the closest by assets is Mypath Employee Stock Ownership Plan in WI ($88M, 1,615 participants).

Next read for Tobacco Rag Processors, Inc. Employee St…

Filing takeaways

Ways to act on Tobacco Rag Processors, Inc. Employee Stock Ownership Plan's numbers.

By total assets, Tobacco Rag Processors, Inc. Employee Stock Ownership Plan ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar ESOP plans in North Carolina. Compare plans
Tobacco Rag Processors, Inc.'s sponsor-wide assets have grown 116.6% since 2022 across 3 plan years on file. More Manufacturing 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 562203637.

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.