ESOP · DOL Form 5500 · 2024

Cyl-Tec, Inc. ESOP

Data updated 2026-08-25

$53M
Total assets Below avg plan size
48
Participants Small participant base
85th
Percentile by assets National rank
$1.1M
Avg per participant High balance/head
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Official DOL plan name: Cyl-Tec, Inc. Employee Stock Ownership Plan · Sponsored by Cyl-Tec, Inc. · Illinois · Utilities

$53M in assets, 48 participants

Cyl-Tec, Inc.'s Cyl-Tec, Inc. Employee Stock Ownership Plan reported $53M in total assets and 48 participants in its 2024 DOL Form 5500 filing, ranking in the 85th 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.

  • #382 in Utilities (732 peers)

Utilities sector rank

Within Utilities, Cyl-Tec, Inc. Employee Stock Ownership Plan ranks #382 of 732 2024 filers by assets (1019% of the sector average)-$53M for 48 participants.

#382
in Utilities (732 peers)
+41.8%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Cyl-Tec, Inc. Employee Stock Ownership Plan's outsized position by total assets

Cyl-Tec, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$52,680,093 Top 15% higher than 85% 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

Cyl-Tec, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Cyl-Tec, Inc. Employee Stock Ownership Plan is a small filing (48 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Cyl-Tec, Inc. Employee Stock Ownership Plan end-of-year assets rose from $37M in the plan year 2023 filing to $53M in the plan year 2024 filing.
  • Cyl-Tec, Inc. Employee Stock Ownership Plan reported participants rose from 39 in the plan year 2023 filing to 48 in the plan year 2024 filing.
  • Cyl-Tec, Inc. Employee Stock Ownership Plan reported net income fell from $17M in the plan year 2023 filing to $16M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 363757508 · Cyl-Tec, Inc. PY 2024 · ESOP

Cyl-Tec, Inc. Employee Stock Ownership Plan · $53M · 48 · 85th

  • PART $53M
  • PART 48
  • PART 85th
  • PART ESOP
  • PART near Rcss Holdings, Inc. Employee Stock Ownership Plan
  • PART ind #382

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 Illinois →

Cyl-Tec, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Weston & Sampson, Inc. Employee Stock Ownership PlanWeston & Sampson, Inc. Emplo…$53MCyl-Tec, Inc. Employee Stock Ownership PlanCyl-Tec, Inc. Employee Stock…$53MRcss Holdings, Inc. Employee Stock Ownership PlanRcss Holdings, Inc. Employee…$53MSoutheast Bancorp, Inc. Employee Stock Ownership PlanSoutheast Bancorp, Inc. Empl…$52MWeco Employee Stock Ownership Plan and TrustWeco Employee Stock Ownershi…$52M
End-of-year total assets ($M) among Cyl-Tec, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Utilities filing particulars

Total Assets (Beginning of Year)$37M
Net Assets (End of Year)$51M
Net Income$16M
Employer EIN363757508
Plan Effective Date2021-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Cyl-Tec, Inc.)

Sponsor-wide plan assets over time

All Cyl-Tec, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$53M 162.34883967615812% vs 2022
2024 filing year
$10M$20M$30M$40M$50M$60M 202220232024 $20.1M $52.7M ▲ +162.4%
Year Plans Participants Total Assets
2022 1 44 $20M
2023 1 39 $37M
2024 1 48 $53M

Nearby ESOP Plans in Illinois

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

Cyl-Tec, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Illinois, assets vs. participants Scatter plot of 6 data points. -50000500010000 -101234 Total assets ($B) Participants Cyl-Tec, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.052680093 · Participants: 48Cyl-Tec, Inc. Employee Stock Ownership PlanAmsted Industries Incorporated Employees' Stock Ownership Plan, Total assets ($B): 3.699095694 · Participants: 4909Amsted Industries Incorporated Employees' Stock Ownership PlanKehe Distributors, Inc. Employee Stock Ownership Plan, Total assets ($B): 2.165348047 · Participants: 4815Kehe Distributors, Inc. Employee Stock Ownership PlanScot Forge Company Employee Stock Ownership Plan, Total assets ($B): 1.429776889 · Participants: 491Scot Forge Company Employee Stock Ownership PlanBdo USA Employee Stock Ownership Plan, Total assets ($B): 1.0622005 · Participants: 9258Bdo USA Employee Stock Ownership PlanShorr Paper Products, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.430213996 · Participants: 543Shorr Paper Products, Inc. Employee Stock Ownership Plan
Cyl-Tec, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Illinois, assets vs. participants
Compare Cyl-Tec, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Cyl-Tec, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Illinois, the nearest ESOP by assets is Rcss Holdings, Inc. Employee Stock Ownership Plan in KY ($53M); by covered participants it is Csb Bancshares Inc Amended Employee Stock Ownership Plan in KS (48 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (48 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 Cyl-Tec, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Cyl-Tec, Inc. Employee Stock Ownership Plan surged - up 41.8% during 2024, from $37M to $53M. Reported net income was $16M.
How have Cyl-Tec, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Cyl-Tec, Inc.'s sponsor-wide assets grew 162.3%, from $20M to $53M.
Where does Cyl-Tec, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Cyl-Tec, Inc. Employee Stock Ownership Plan ranks in the 85th 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 Cyl-Tec, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Rcss Holdings, Inc. Employee Stock Ownership Plan in KY ($53M, 242 participants).
Which ESOP plans cover a similar participant headcount to Cyl-Tec, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Csb Bancshares Inc Amended Employee Stock Ownership Plan in KS (48 participants, $9M 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 363757508.

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.