ESOP · DOL Form 5500 · 2024

Tobacco Rag Processors, Inc. ESOP

Data updated 2026-08-25

$88M
Total assets Below avg plan size
191
Participants Below avg headcount
89th
Percentile by assets National rank
$458,418
Avg per participant High balance/head
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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.

  • #15,021 in Manufacturing (17,777 peers)

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 ~819 per filing). Assets: $88M.

#15,021
in Manufacturing (17,777 peers)
+78.4%
assets growth YoY
0.9×
vs typical plan assets (national mean)

Tobacco Rag Processors, Inc. Employee Stock Ownership Plan's outsized position by total assets

Tobacco Rag Processors, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$87,557,748 Top 11% higher than 89% 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

Tobacco Rag Processors, 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. Tobacco Rag Processors, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (191 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • 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 →

DOL schedule card

Filing strip 562203637 · Tobacco Rag Processors, Inc. PY 2024 · ESOP

Tobacco Rag Processors, Inc. Employee Stock Ownership Plan · $88M · 191 · 89th

  • EBSA $88M
  • PART 191
  • TYPE 89th
  • NET ESOP
  • BOOK near Mypath Employee Stock Ownership Plan
  • VS-ST ind #15021

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 North Carolina →

Tobacco Rag Processors, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Railroad Construction Company, Inc. Employee Stock Ownership PlanRailroad Construction Compan…$88MFlynn Brothers Contracting, Inc. Employee Stock Ownership PlanFlynn Brothers Contracting, …$88MMypath Employee Stock Ownership PlanMypath Employee Stock Owners…$88MTobacco Rag Processors, Inc. Employee Stock Ownership PlanTobacco Rag Processors, Inc.…$88MImmi Holdings, Inc. Employee Stock Ownership PlanImmi Holdings, Inc. Employee…$88M
End-of-year total assets ($M) among Tobacco Rag Processors, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$49M
Net Assets (End of Year)$76M
Net Income$39M
Employer EIN562203637
Plan Effective Date2010-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Tobacco Rag Processors, Inc.)

Sponsor-wide plan assets over time

All Tobacco Rag Processors, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$96M 116.64860322969186% vs 2022
2024 filing year
$20M$40M$60M$80M$100M$120M 202220232024 $44.2M $95.8M ▲ +116.7%
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 Scatter plot of 6 data points. 050010001500 50100150200 Total assets ($M) Participants Tobacco Rag Processors, Inc. Employee Stock Ownership Plan, Total assets ($M): 87.557748 · Participants: 191Tobacco Rag Processors, Inc. Employee Stock Ownership PlanColumbia Forest Products, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 184.02736 · Participants: 1396Columbia Forest Products, Inc. Employee Stock Ownership Plan and TrustEcmd, Inc. Employee Stock Ownership Plan, Total assets ($M): 153.55178 · Participants: 969Ecmd, Inc. Employee Stock Ownership PlanPrecision Walls, Inc. Employee Stock Ownership Plan, Total assets ($M): 143.430717 · Participants: 1228Precision Walls, Inc. Employee Stock Ownership PlanRobert E. Mason & Associates, Inc. Employee Stock Ownership Plan, Total assets ($M): 132.702062 · Participants: 279Robert E. Mason & Associates, Inc. Employee Stock Ownership PlanState Utility Contractors, Inc. Employee Stock Ownership Plan, Total assets ($M): 123.497988 · Participants: 158State Utility Contractors, Inc. Employee Stock Ownership Plan
Tobacco Rag Processors, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants
Compare Tobacco Rag Processors, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside North Carolina, the nearest ESOP by assets is Mypath Employee Stock Ownership Plan in WI ($88M); by covered participants it is Sps New England, Inc. Employee Stock Ownership Plan in MA (191 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (191 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 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 123,622 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).
Which ESOP plans cover a similar participant headcount to Tobacco Rag Processors, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Sps New England, Inc. Employee Stock Ownership Plan in MA (191 participants, $52M 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 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.