ESOP · DOL Form 5500 · 2024

Morton Buildings, Inc. ESOP

Data updated 2026-07-24

$270M
Total assets: 1,960
Participants: 95th
Percentile by assets: $137,962
Avg per participant

Official DOL plan name: Morton Buildings, Inc. Leveraged Employee Stock Ownership Plan · Sponsored by Morton Buildings, Inc. · Illinois · Construction

$270M in assets, 1,960 participants

Morton Buildings, Inc.'s Morton Buildings, Inc. Leveraged Employee Stock Ownership Plan reported $270M in total assets and 1,960 participants in its 2024 DOL Form 5500 filing, ranking in the 95th 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.

95th percentile by assets (of 116,472 plans)

Coverage in Illinois

Morton Buildings, Inc. Leveraged Employee Stock Ownership Plan covers 1,960 participants in Illinois, 2.6x the typical Illinois plan (state average ~768 per filing). Assets: $270M.

$270M
total plan assets (2024 EOY): 1,960
covered participants: 95th
percentile by assets (of 116,472 plans): $137,962
avg assets per participant

The plan reported a net loss of $34M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Morton Buildings, Inc. Leveraged Employee Stock Ownership Plan reported net income fell from $125M in the plan year 2023 filing to -$34M in the plan year 2024 filing.
Morton Buildings, Inc. Leveraged Employee Stock Ownership Plan end-of-year assets fell from $308M in the plan year 2023 filing to $270M in the plan year 2024 filing.
Morton Buildings, Inc. Leveraged Employee Stock Ownership Plan reported participants rose from 1,774 in the plan year 2023 filing to 1,960 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Illinois

Industry

Construction

Participants vs Illinois filers

In Illinois, the average filing covers about 768 participants across 5,440 plans. Morton Buildings, Inc. Leveraged Employee Stock Ownership Plan reports 1,960 participants - 2.6x that state average ($270M EOY assets).

Illinois filing particulars

Total Assets (Beginning of Year)	$308M
Net Assets (End of Year)	$157M
Net Income	-$34M
Employer EIN	370347310
Plan Effective Date	2017-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Morton Buildings, Inc.)

Total plan assets by year, all Morton Buildings, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	2	3,482	$352M
2023	2	3,332	$511M
2024	2	3,618	$482M

Nearby ESOP Plans in Illinois

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

Morton Buildings, Inc. Leveraged Employee Stock Ownership Plan vs. nearby ESOP plans in Illinois, assets vs. participants

Kehe Distributors, Inc. Employee Stock Ownership Plan $2.2B · 4,815
Scot Forge Company Employee Stock Ownership Plan $1.4B · 491
Bdo USA Employee Stock Ownership Plan $1.1B · 9,258
Shorr Paper Products, Inc. Employee Stock Ownership Plan $430M · 543
Rli Corp. Employee Stock Ownership Plan $404M · 1,001

Compare Morton Buildings, Inc. Leveraged Employe… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Morton Buildings, Inc. Leveraged Employee Stock Ownership Plan by total assets, not by location.

Norco, Inc. Employee Stock Ownership Plan (ID) $269M · 1,381
Dwh Owners Plan (TX) $268M · 1,292
Arco Holdings Employee Stock Ownership Plan (MO) $267M · 468
Davis H. Elliot Company, Incorporated Employee Stock Ownership Plan (VA) $277M · 2,230

Frequently Asked Questions

How did Morton Buildings, Inc. Leveraged Employee Stock Ownership Plan assets move in 2024? ▼

Morton Buildings, Inc. Leveraged Employee Stock Ownership Plan pulled back noticeably - down 12.1% during 2024, from $308M to $270M. Reported net income was -$34M.

How have Morton Buildings, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Morton Buildings, Inc.'s sponsor-wide assets grew 36.7%, from $352M to $482M.

Where does Morton Buildings, Inc. Leveraged Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼

Morton Buildings, Inc. Leveraged Employee Stock Ownership Plan ranks in the 95th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).

Which ESOP plans are similar in size to Morton Buildings, Inc. Leveraged Employee Stock Ownership Plan? ▼

Among ESOP plans in other states, the closest by assets is Norco, Inc. Employee Stock Ownership Plan in ID ($269M, 1,381 participants).

Next read for Morton Buildings, Inc. Leveraged Employe…

Filing takeaways

Ways to act on Morton Buildings, Inc. Leveraged Employee Stock Ownership Plan's numbers.

By total assets, Morton Buildings, Inc. Leveraged Employee Stock Ownership Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar ESOP plans in Illinois. Compare plans
Morton Buildings, Inc.'s sponsor-wide assets have grown 36.7% 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 370347310.

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.