ESOP · DOL Form 5500 · 2024
Freedom Industries, Inc. ESOP
Data updated 2026-08-25
- $32M
- Total assets Below avg plan size
- 165
- Participants Small participant base
- 78th
- Percentile by assets National rank
- $193,861
- Avg per participant Above avg balance/head
Official DOL plan name: Freedom Industries, Inc. Employee Stock Ownership Plan · Sponsored by Freedom Industries, Inc. · North Carolina · Professional & Technical Services
$32M in assets, 165 participants
Freedom Industries, Inc.'s Freedom Industries, Inc. Employee Stock Ownership Plan reported $32M in total assets and 165 participants in its 2024 DOL Form 5500 filing, ranking in the 78th 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.
- #15,828 in Professional & Technical Services (20,173 peers)
Coverage in North Carolina
Freedom Industries, Inc. Employee Stock Ownership Plan covers 165 participants in North Carolina, about 20% of the average North Carolina filer (state average ~819 per filing). Assets: $32M.
- #15,828
- in Professional & Technical Services (20,173 peers)
- -5.2%
- assets change YoY
- 0.3×
- vs typical plan assets (national mean)
The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Freedom Industries, Inc. Employee Stock Ownership Plan's outsized position by total assets
Freedom Industries, Inc. Employee Stock Ownership Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$31,987,024 Top 22% higher than 78% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Freedom Industries, 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. Freedom Industries, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (165 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Freedom Industries, Inc. Employee Stock Ownership Plan reported net income fell from $20M in the plan year 2023 filing to -$2M in the plan year 2024 filing.
- Freedom Industries, Inc. Employee Stock Ownership Plan reported participants rose from 155 in the plan year 2023 filing to 165 in the plan year 2024 filing.
- Freedom Industries, Inc. Employee Stock Ownership Plan end-of-year assets fell from $34M in the plan year 2023 filing to $32M in the plan year 2024 filing.
DOL schedule card
Filing strip 200450529 · Freedom Industries, Inc. PY 2024 · ESOP
Freedom Industries, Inc. Employee Stock Ownership Plan · $32M · 165 · 78th
- BOY $32M
- BOY 165
- BOY 78th
- BOY ESOP
- BOY near Geokon Employee Stock Ownership Plan
- BOY ind #15828
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 →
Freedom Industries, Inc. Employee Stock Ownership Plan in the asset neighbourhood
North Carolina filing particulars
| Total Assets (Beginning of Year) | $34M |
|---|---|
| Net Assets (End of Year) | $32M |
| Net Income | -$2M |
| Employer EIN | 200450529 |
| Plan Effective Date | 2014-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Freedom Industries, Inc.)
Sponsor-wide plan assets over time
All Freedom Industries, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $32M 93.97125635210362% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 233 | $16M |
| 2023 | 1 | 155 | $34M |
| 2024 | 1 | 165 | $32M |
Nearby ESOP Plans in North Carolina
Peer ESOP plans, same state, same plan type, ranked by total assets.
- 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
- Robert E. Mason & Associates, Inc. Employee Stock Ownership Plan $133M · 279
- State Utility Contractors, Inc. Employee Stock Ownership Plan $123M · 158
Freedom Industries, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount
Outside North Carolina, the nearest ESOP by assets is Geokon Employee Stock Ownership Plan in NH ($32M); by covered participants it is Coast to Coast Computer Products, Inc. Employee Stock Ownership Plan in CA (165 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($32M here).
Similar participant headcount
Nearest other-state filings by covered participants (165 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.