ESOP · DOL Form 5500 · 2024

Lanco Assembly Systems, Inc. ESOP

Data updated 2026-08-25

$9M
Total assets Small plan by assets
127
Participants Small participant base
53rd
Percentile by assets National rank
$69,805
Avg per participant Below avg balance/head
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Official DOL plan name: Lanco Assembly Systems, Inc. Employee Stock Ownership Plan · Sponsored by Lanco Assembly Systems, Inc. · Maine · Manufacturing

$9M in assets, 127 participants

Lanco Assembly Systems, Inc.'s Lanco Assembly Systems, Inc. Employee Stock Ownership Plan reported $9M in total assets and 127 participants in its 2024 DOL Form 5500 filing, ranking in the 53rd 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.

  • #6,791 in Manufacturing (17,777 peers)

Coverage in Maine

Lanco Assembly Systems, Inc. Employee Stock Ownership Plan covers 127 participants in Maine, about 27% of the average Maine filer (state average ~472 per filing). Assets: $9M.

#6,791
in Manufacturing (17,777 peers)
-0.7%
assets change YoY

The plan reported a net loss of $51K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Lanco Assembly Systems, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Manufacturing and all filers

Lanco Assembly Systems, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$8,865,283 Top 47% higher than 53% 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

Lanco Assembly Systems, 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. Lanco Assembly Systems, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (127 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Lanco Assembly Systems, Inc. Employee Stock Ownership Plan reported net income fell from $3M in the plan year 2023 filing to -$51K in the plan year 2024 filing.
  • Lanco Assembly Systems, Inc. Employee Stock Ownership Plan reported participants fell from 129 in the plan year 2023 filing to 127 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 010394214 · Lanco Assembly Systems, Inc. PY 2024 · ESOP

Lanco Assembly Systems, Inc. Employee Stock Ownership Plan · $9M · 127 · 53rd

  • EBSA $9M
  • EBSA 127
  • EBSA 53rd
  • EBSA ESOP
  • EBSA near The Southern Link of Georgia, Inc. Employee Stock Ownership Plan
  • EBSA ind #6791

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 Maine →

Lanco Assembly Systems, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Lanco Assembly Systems, Inc. Employee Stock Ownership PlanLanco Assembly Systems, Inc.…$9MThe Southern Link of Georgia, Inc. Employee Stock Ownership PlanThe Southern Link of Georgia…$9MGeneral Sheet Metal Employee Stock Ownership PlanGeneral Sheet Metal Employee…$9MIfc Employee Stock Ownership PlanIfc Employee Stock Ownership…$9MHarman Construction, Inc. Employee Stock Ownership PlanHarman Construction, Inc. Em…$9M
End-of-year total assets ($M) among Lanco Assembly Systems, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Maine filing particulars

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$9M
Net Income-$51K
Employer EIN010394214
Plan Effective Date2008-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Lanco Assembly Systems, Inc.)

Sponsor-wide plan assets over time

All Lanco Assembly Systems, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$27M 37.83679540411234% vs 2022
2024 filing year
$15M$20M$25M$30M 202220232024 $19.9M $27.5M ▲ +37.8%
Year Plans Participants Total Assets
2022 2 328 $20M
2023 2 290 $25M
2024 2 260 $27M

Nearby ESOP Plans in Maine

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

Lanco Assembly Systems, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Maine, assets vs. participants Scatter plot of 6 data points. 0100200300400500600 050100150 Total assets ($M) Participants Lanco Assembly Systems, Inc. Employee Stock Ownership Plan, Total assets ($M): 8.865283 · Participants: 127Lanco Assembly Systems, Inc. Employee Stock Ownership PlanSc Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 132.8512 · Participants: 513Sc Holdings, Inc. Employee Stock Ownership PlanMaine Drilling & Blasting Group Employee Stock Ownership Plan, Total assets ($M): 91.887524 · Participants: 440Maine Drilling & Blasting Group Employee Stock Ownership PlanJohnnys Selected Seeds Employee Stock Ownership Plan, Total assets ($M): 73.244662 · Participants: 252Johnnys Selected Seeds Employee Stock Ownership PlanSystems Engineering, Inc. Employee Stock Ownership Plan, Total assets ($M): 51.145486 · Participants: 178Systems Engineering, Inc. Employee Stock Ownership PlanPortland Air Freight, Inc. Employee Stock Ownership Plan, Total assets ($M): 49.221774 · Participants: 80Portland Air Freight, Inc. Employee Stock Ownership Plan
Lanco Assembly Systems, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Maine, assets vs. participants
Compare Lanco Assembly Systems, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Lanco Assembly Systems, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Maine, the nearest ESOP by assets is The Southern Link of Georgia, Inc. Employee Stock Ownership Plan in GA ($9M); by covered participants it is Dave Carter & Associates, Inc. Employee Stock Ownership Plan in FL (127 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (127 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 Lanco Assembly Systems, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Lanco Assembly Systems, Inc. Employee Stock Ownership Plan held essentially flat - down 0.7% during 2024, from $9M to $9M. Reported net income was -$51K.
How have Lanco Assembly Systems, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Lanco Assembly Systems, Inc.'s sponsor-wide assets grew 37.8%, from $20M to $27M.
Which ESOP plans are similar in size to Lanco Assembly Systems, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is The Southern Link of Georgia, Inc. Employee Stock Ownership Plan in GA ($9M, 95 participants).
Which ESOP plans cover a similar participant headcount to Lanco Assembly Systems, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Dave Carter & Associates, Inc. Employee Stock Ownership Plan in FL (127 participants, $7M 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 010394214.

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.