ESOP · DOL Form 5500 · 2024
Galorath Incorporated ESOP
Data updated 2026-08-11
- $40M
- Total assets
- 37
- Participants
- 82nd
- Percentile by assets
- $1.1M
- Avg per participant
Official DOL plan name: Galorath Inc Employee Stock Ownership Plan · Sponsored by Galorath Incorporated · California · Professional & Technical Services
$40M in assets, 37 participants
Galorath Incorporated's Galorath Inc Employee Stock Ownership Plan reported $40M in total assets and 37 participants in its 2024 DOL Form 5500 filing, ranking in the 82nd 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.
- 82nd percentile by assets (of 123,622 plans)
- #16,559 in Professional & Technical Services (20,173 peers)
Where Galorath Inc Employee Stock Ownership Plan sits by assets
Galorath Inc Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $40M for 37 participants (~$1.1M/participant), up 5.2% in 2024.
- $40M
- total plan assets (2024 EOY)
- 37
- covered participants
- 82nd
- percentile by assets (of 123,622 plans)
- $1.1M
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Galorath Inc Employee Stock Ownership Plan reported net income fell from $3M in the plan year 2023 filing to $2M in the plan year 2024 filing.
- Galorath Inc Employee Stock Ownership Plan reported participants rose from 35 in the plan year 2023 filing to 37 in the plan year 2024 filing.
- Galorath Inc Employee Stock Ownership Plan end-of-year assets rose from $38M in the plan year 2023 filing to $40M in the plan year 2024 filing.
Galorath Inc Employee Stock Ownership Plan vs the 2024 asset distribution
By assets, Galorath Inc Employee Stock Ownership Plan outranks 82% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.4x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $38M |
|---|---|
| Net Assets (End of Year) | $20M |
| Net Income | $2M |
| Employer EIN | 954147891 |
| Plan Effective Date | 2010-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Galorath Incorporated)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 37 | $35M |
| 2023 | 1 | 35 | $38M |
| 2024 | 1 | 37 | $40M |
Nearby ESOP Plans in California
Peer ESOP plans, same state, same plan type, ranked by total assets.
Galorath Inc Employee Stock Ownership Plan vs. nearby ESOP plans in California, assets vs. participants
- Parsons Employee Stock Ownership Plan $5.0B · 8,040
- Acco Employee Stock Ownership Plan $1.7B · 1,499
- Rosendin Electric, Inc. Employee Stock Ownership Plan $1.5B · 1,998
- Ecc Employee Stock Ownership Plan $632M · 317
- Agron, Inc. Employee Stock Ownership Plan $596M · 68
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Galorath Inc Employee Stock Ownership Plan by total assets, not by location.
Frequently Asked Questions
How did Galorath Inc Employee Stock Ownership Plan assets move in 2024? ▼
How have Galorath Incorporated plan assets changed over time? ▼
Where does Galorath Inc Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Which ESOP plans are similar in size to Galorath Inc Employee Stock Ownership Plan? ▼
Next read for Galorath Inc Employee Stock Ownership Pl…
Scale reading
Ways to act on Galorath Inc Employee Stock Ownership Plan's numbers.
- By total assets, Galorath Inc Employee Stock Ownership Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in California. Compare plans
- Galorath Incorporated's sponsor-wide assets have grown 15.0% since 2022 across 3 plan years on file. More Professional & Technical Services plans