ESOP · DOL Form 5500 · 2024

State Utility Contractors, Inc. ESOP

Data updated 2026-07-24

$123M
Total assets: 158
Participants: 92nd
Percentile by assets: $781,633
Avg per participant

Official DOL plan name: State Utility Contractors, Inc. Employee Stock Ownership Plan · Sponsored by State Utility Contractors, Inc. · North Carolina · Construction

$123M in assets, 158 participants

State Utility Contractors, Inc.'s State Utility Contractors, Inc. Employee Stock Ownership Plan reported $123M in total assets and 158 participants in its 2024 DOL Form 5500 filing, ranking in the 92nd 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.

92nd percentile by assets (of 116,472 plans)

Coverage in North Carolina

State Utility Contractors, Inc. Employee Stock Ownership Plan covers 158 participants in North Carolina, about 19% of the average North Carolina filer (state average ~846 per filing). Assets: $123M.

$123M
total plan assets (2024 EOY): 158
covered participants: 92nd
percentile by assets (of 116,472 plans): $781,633
avg assets per participant

State Utility Contractors, Inc. Employee Stock Ownership Plan reported net income rose from $3M in the plan year 2023 filing to $38M in the plan year 2024 filing.
State Utility Contractors, Inc. Employee Stock Ownership Plan end-of-year assets rose from $86M in the plan year 2023 filing to $123M in the plan year 2024 filing.
State Utility Contractors, Inc. Employee Stock Ownership Plan reported participants rose from 144 in the plan year 2023 filing to 158 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

North Carolina

Industry

Construction

Participants vs North Carolina filers

In North Carolina, the average filing covers about 846 participants across 3,325 plans. State Utility Contractors, Inc. Employee Stock Ownership Plan reports 158 participants - about 19% of that state average ($123M EOY assets).

North Carolina filing particulars

Total Assets (Beginning of Year)	$86M
Net Assets (End of Year)	$115M
Net Income	$38M
Employer EIN	561444827
Plan Effective Date	1996-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (State Utility Contractors, Inc.)

Total plan assets by year, all State Utility Contractors, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	2	299	$95M
2023	2	294	$101M
2024	2	325	$137M

Nearby ESOP Plans in North Carolina

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

State Utility Contractors, 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
Recore Employee Stock Ownership Plan $109M · 140
Mckim & Creed, Inc. Employee Stock Ownership Plan $101M · 949

Compare State Utility Contractors, Inc. Employee… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to State Utility Contractors, Inc. Employee Stock Ownership Plan by total assets, not by location.

Corgan Employee Stock Ownership Plan (TX) $123M · 888
Harkins Builders, Inc. Employee Stock Ownership Plan (MD) $123M · 270
Interstate Personnel Services, Inc. Employee Stock Ownership Plan (KY) $123M · 834
Fairway Independent Mortgage Corporation Employee Stock Ownership (WI) $123M · 5,029

Frequently Asked Questions

How did State Utility Contractors, Inc. Employee Stock Ownership Plan assets move in 2024? ▼

State Utility Contractors, Inc. Employee Stock Ownership Plan surged - up 43.8% during 2024, from $86M to $123M. Reported net income was $38M.

How have State Utility Contractors, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), State Utility Contractors, Inc.'s sponsor-wide assets grew 44.2%, from $95M to $137M.

Where does State Utility Contractors, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼

State Utility Contractors, Inc. Employee Stock Ownership Plan ranks in the 92nd percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).

Which ESOP plans are similar in size to State Utility Contractors, Inc. Employee Stock Ownership Plan? ▼

Among ESOP plans in other states, the closest by assets is Corgan Employee Stock Ownership Plan in TX ($123M, 888 participants).

Next read for State Utility Contractors, Inc. Employee…

Filing takeaways

Ways to act on State Utility Contractors, Inc. Employee Stock Ownership Plan's numbers.

By total assets, State Utility Contractors, Inc. Employee Stock Ownership Plan ranks in the top 10% 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
State Utility Contractors, Inc.'s sponsor-wide assets have grown 44.2% since 2022 across 3 plan years on file. More Construction 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 561444827.

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.