ESOP · DOL Form 5500 · 2024

State Utility Contractors, Inc. ESOP

Data updated 2026-08-25

$123M
Total assets Near avg plan size
158
Participants Small participant base
92nd
Percentile by assets National rank
$781,633
Avg per participant High balance/head
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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.

  • #8,169 in Construction (9,039 peers)

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 ~819 per filing). Assets: $123M.

#8,169
in Construction (9,039 peers)
+43.8%
assets growth YoY
1.2×
vs typical plan assets (national mean)

State Utility Contractors, Inc. Employee Stock Ownership Plan's outsized position by total assets

State Utility Contractors, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$123,497,988 Top 8% higher than 92% 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

State Utility Contractors, 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. State Utility Contractors, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (158 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • 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 →

Form 5500 schedule snapshot

Filing strip 561444827 · State Utility Contractors, Inc. PY 2024 · ESOP

State Utility Contractors, Inc. Employee Stock Ownership Plan · $123M · 158 · 92nd

  • BOOK $123M
  • VS-ST 158
  • BOY 92nd
  • SCH ESOP
  • EBSA near Corgan Employee Stock Ownership Plan
  • PART ind #8169

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 →

State Utility Contractors, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Builders Supply Co. , Inc. Employee Stock Ownership PlanBuilders Supply Co. , Inc. E…$124MState Utility Contractors, Inc. Employee Stock Ownership PlanState Utility Contractors, I…$123MCorgan Employee Stock Ownership PlanCorgan Employee Stock Owners…$123MHarkins Builders, Inc. Employee Stock Ownership PlanHarkins Builders, Inc. Emplo…$123MInterstate Personnel Services, Inc. Employee Stock Ownership PlanInterstate Personnel Service…$123M
End-of-year total assets ($M) among State Utility Contractors, 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)$86M
Net Assets (End of Year)$115M
Net Income$38M
Employer EIN561444827
Plan Effective Date1996-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (State Utility Contractors, Inc.)

Sponsor-wide plan assets over time

All State Utility Contractors, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$137M 44.22846554807539% vs 2022
2024 filing year
$80M$100M$120M$140M$160M 202220232024 $95.3M $137M ▲ +44.2%
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 Scatter plot of 6 data points. 050010001500 100120140160180200 Total assets ($M) Participants State Utility Contractors, Inc. Employee Stock Ownership Plan, Total assets ($M): 123.497988 · Participants: 158State Utility Contractors, 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 PlanRecore Employee Stock Ownership Plan, Total assets ($M): 108.9505 · Participants: 140Recore Employee Stock Ownership Plan
State Utility Contractors, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants
Compare State Utility Contractors, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

State Utility Contractors, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside North Carolina, the nearest ESOP by assets is Corgan Employee Stock Ownership Plan in TX ($123M); by covered participants it is Dennis Beverage Company Employee Stock Ownership Plan in ME (158 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (158 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 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 123,622 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).
Which ESOP plans cover a similar participant headcount to State Utility Contractors, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Dennis Beverage Company Employee Stock Ownership Plan in ME (158 participants, $22M 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 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.