ESOP · DOL Form 5500 · 2024

Recore Electrical Contractors, Inc. ESOP

Data updated 2026-08-25

$109M
Total assets Near avg plan size
140
Participants Small participant base
91st
Percentile by assets National rank
$778,218
Avg per participant High balance/head
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Official DOL plan name: Recore Employee Stock Ownership Plan · Sponsored by Recore Electrical Contractors, Inc. · North Carolina · Construction

$109M in assets, 140 participants

Recore Electrical Contractors, Inc.'s Recore Employee Stock Ownership Plan reported $109M in total assets and 140 participants in its 2024 DOL Form 5500 filing, ranking in the 91st 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.

  • #8,090 in Construction (9,039 peers)

Coverage in North Carolina

Recore Employee Stock Ownership Plan covers 140 participants in North Carolina, about 17% of the average North Carolina filer (state average ~819 per filing). Assets: $109M.

#8,090
in Construction (9,039 peers)
+78.5%
assets growth YoY
1.1×
vs typical plan assets (national mean)

Recore Employee Stock Ownership Plan's outsized position by total assets

Recore Employee Stock Ownership Plan vs every filed plan by assets

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

$108,950,500 Top 9% higher than 91% 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

Recore 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. Recore Employee Stock Ownership Plan sits mid-pack in the medium band (140 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Recore Employee Stock Ownership Plan end-of-year assets rose from $61M in the plan year 2023 filing to $109M in the plan year 2024 filing.
  • Recore Employee Stock Ownership Plan reported net income rose from $41M in the plan year 2023 filing to $48M in the plan year 2024 filing.
  • Recore Employee Stock Ownership Plan reported participants rose from 121 in the plan year 2023 filing to 140 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 561373085 · Recore Electrical Contractors, Inc. PY 2024 · ESOP

Recore Employee Stock Ownership Plan · $109M · 140 · 91st

  • PART $109M
  • TYPE 140
  • NET 91st
  • BOOK ESOP
  • VS-ST near Kentuckiana Comfort Center, Inc. Employee Stock Ownership Plan
  • BOY ind #8090

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 →

Recore Employee Stock Ownership Plan in the asset neighbourhood

Kentuckiana Comfort Center, Inc. Employee Stock Ownership PlanKentuckiana Comfort Center, …$109MRecore Employee Stock Ownership PlanRecore Employee Stock Owners…$109MElectrical Consultants, Inc. Employee Stock Ownership PlanElectrical Consultants, Inc.…$109MHawkins, Inc. Employee Stock Ownership PlanHawkins, Inc. Employee Stock…$108MHuitt-Zollars, Inc. Employee Stock Ownership PlanHuitt-Zollars, Inc. Employee…$108M
End-of-year total assets ($M) among Recore 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)$61M
Net Assets (End of Year)$107M
Net Income$48M
Employer EIN561373085
Plan Effective Date2013-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Recore Electrical Contractors, Inc.)

Sponsor-wide plan assets over time

All Recore Electrical Contractors, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$109M 434.18891422127433% vs 2022
2024 filing year
$0M$50M$100M$150M 202220232024 $20.4M $109M ▲ +434.1%
Year Plans Participants Total Assets
2022 1 115 $20M
2023 1 121 $61M
2024 1 140 $109M

Nearby ESOP Plans in North Carolina

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

Recore Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants Scatter plot of 6 data points. 050010001500 100120140160180200 Total assets ($M) Participants Recore Employee Stock Ownership Plan, Total assets ($M): 108.9505 · Participants: 140Recore 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 PlanState Utility Contractors, Inc. Employee Stock Ownership Plan, Total assets ($M): 123.497988 · Participants: 158State Utility Contractors, Inc. Employee Stock Ownership Plan
Recore Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants
Compare Recore Employee Stock Ownership Plan side-by-side with 3 peers →

Recore Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside North Carolina, the nearest ESOP by assets is Kentuckiana Comfort Center, Inc. Employee Stock Ownership Plan in KY ($109M); by covered participants it is Esl Power Systems, Inc. Employee Stock Ownership Plan in CA (140 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (140 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 Recore Employee Stock Ownership Plan assets move in 2024? ▼
Recore Employee Stock Ownership Plan surged - up 78.5% during 2024, from $61M to $109M. Reported net income was $48M.
How have Recore Electrical Contractors, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Recore Electrical Contractors, Inc.'s sponsor-wide assets grew 434.2%, from $20M to $109M.
Where does Recore Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Recore Employee Stock Ownership Plan ranks in the 91st 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 Recore Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Kentuckiana Comfort Center, Inc. Employee Stock Ownership Plan in KY ($109M, 726 participants).
Which ESOP plans cover a similar participant headcount to Recore Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Esl Power Systems, Inc. Employee Stock Ownership Plan in CA (140 participants, $17M 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 561373085.

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.