ESOP · DOL Form 5500 · 2024

Rael & Letson ESOP

Data updated 2026-08-25

$7M
Total assets Small plan by assets
67
Participants Small participant base
50th
Percentile by assets National rank
$111,174
Avg per participant Below avg balance/head
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Official DOL plan name: Rael & Letson Employee Stock Ownership Plan · Sponsored by Rael & Letson · California · Professional & Technical Services

$7M in assets, 67 participants

Rael & Letson's Rael & Letson Employee Stock Ownership Plan reported $7M in total assets and 67 participants in its 2024 DOL Form 5500 filing, ranking in the 50th 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.

  • #9,620 in Professional & Technical Services (20,173 peers)

What the 2024 filing shows

Rael & Letson Employee Stock Ownership Plan holds $7M for 67 participants - about $111,174 per participant, above the median plan by assets.

#9,620
in Professional & Technical Services (20,173 peers)
-2.3%
assets change YoY

The plan reported a net loss of $173K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Rael & Letson Employee Stock Ownership Plan's mid-pack asset rank among Professional & Technical Services and all filers

Rael & Letson Employee Stock Ownership Plan vs every filed plan by assets

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

$7,448,666 Top 50% higher than 50% 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

Rael & Letson 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. Rael & Letson Employee Stock Ownership Plan is a small filing (67 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Rael & Letson Employee Stock Ownership Plan reported net income fell from -$116K in the plan year 2023 filing to -$173K in the plan year 2024 filing.
  • Rael & Letson Employee Stock Ownership Plan reported participants rose from 59 in the plan year 2023 filing to 67 in the plan year 2024 filing.
  • Rael & Letson Employee Stock Ownership Plan end-of-year assets fell from $8M in the plan year 2023 filing to $7M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 941701048 · Rael & Letson PY 2024 · ESOP

Rael & Letson Employee Stock Ownership Plan · $7M · 67 · 50th

  • EIN $7M
  • RANK 67
  • PHOTO 50th
  • IND ESOP
  • EOY near Central Coating Technologies, Inc. Employee Stock Ownership Plan
  • 5500 ind #9620

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 California →

Rael & Letson Employee Stock Ownership Plan in the asset neighbourhood

Rael & Letson Employee Stock Ownership PlanRael & Letson Employee Stock…$7MCentral Coating Technologies, Inc. Employee Stock Ownership PlanCentral Coating Technologies…$7M3d Stone Employee Stock Ownership Plan3d Stone Employee Stock Owne…$7MJ.S. Braddock Agency Employee Stock Ownership PlanJ.S. Braddock Agency Employe…$7MFerguson Holdings, Inc. Employee Stock Ownership PlanFerguson Holdings, Inc. Empl…$7M
End-of-year total assets ($M) among Rael & Letson Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Filing particulars (2024)

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$7M
Net Income-$173K
Employer EIN941701048
Plan Effective Date2003-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Rael & Letson)

Sponsor-wide plan assets over time

All Rael & Letson plans reported in each filing year

Latest sponsor-wide plan assets
$12M 1.7381711558288941% vs 2022
2024 filing year
$11.7M$11.8M$11.9M$12M$12.1M 202220232024 $12M $11.8M ▼ -1.8%
Year Plans Participants Total Assets
2022 2 65 $12M
2023 2 65 $12M
2024 2 73 $12M

Nearby ESOP Plans in California

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

Rael & Letson Employee Stock Ownership Plan vs. nearby ESOP plans in California, assets vs. participants Scatter plot of 6 data points. -20000200040006000800010000 -20246 Total assets ($B) Participants Rael & Letson Employee Stock Ownership Plan, Total assets ($B): 0.007448666 · Participants: 67Rael & Letson Employee Stock Ownership PlanParsons Employee Stock Ownership Plan, Total assets ($B): 4.994512995 · Participants: 8040Parsons Employee Stock Ownership PlanAcco Employee Stock Ownership Plan, Total assets ($B): 1.694943363 · Participants: 1499Acco Employee Stock Ownership PlanRosendin Electric, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.538046697 · Participants: 1998Rosendin Electric, Inc. Employee Stock Ownership PlanEcc Employee Stock Ownership Plan, Total assets ($B): 0.632082376 · Participants: 317Ecc Employee Stock Ownership PlanAgron, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.596115632 · Participants: 68Agron, Inc. Employee Stock Ownership Plan
Rael & Letson Employee Stock Ownership Plan vs. nearby ESOP plans in California, assets vs. participants
Compare Rael & Letson Employee Stock Ownership Plan side-by-side with 3 peers →

Rael & Letson Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside California, the nearest ESOP by assets is Central Coating Technologies, Inc. Employee Stock Ownership Plan in MA ($7M); by covered participants it is American Bank Employee Stock Ownership Plan in PA (67 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (67 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 Rael & Letson Employee Stock Ownership Plan assets move in 2024? ▼
Rael & Letson Employee Stock Ownership Plan edged down modestly - down 2.3% during 2024, from $8M to $7M. Reported net income was -$173K.
How have Rael & Letson plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Rael & Letson's sponsor-wide assets declined 1.7%, from $12M to $12M.
Which ESOP plans are similar in size to Rael & Letson Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Central Coating Technologies, Inc. Employee Stock Ownership Plan in MA ($7M, 60 participants).
Which ESOP plans cover a similar participant headcount to Rael & Letson Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is American Bank Employee Stock Ownership Plan in PA (67 participants, $768K 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 941701048.

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.