ESOP · DOL Form 5500 · 2024

Carolina Products, Inc. ESOP

Data updated 2026-08-25

$35M
Total assets Below avg plan size
72
Participants Small participant base
80th
Percentile by assets National rank
$491,074
Avg per participant High balance/head
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Official DOL plan name: Carolina Products, Inc. Employee Stock Ownership Plan · Sponsored by Carolina Products, Inc. · North Carolina · Manufacturing

$35M in assets, 72 participants

Carolina Products, Inc.'s Carolina Products, Inc. Employee Stock Ownership Plan reported $35M in total assets and 72 participants in its 2024 DOL Form 5500 filing, ranking in the 80th 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.

  • #12,769 in Manufacturing (17,777 peers)

Where Carolina Products, Inc. Employee Stock Ownership Plan sits by assets

Carolina Products, Inc. Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $35M for 72 participants (~$491,074/participant), up 31.5% in 2024.

#12,769
in Manufacturing (17,777 peers)
+31.5%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Carolina Products, Inc. Employee Stock Ownership Plan's outsized position by total assets

Carolina Products, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$35,357,348 Top 20% higher than 80% 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

Carolina Products, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Carolina Products, Inc. Employee Stock Ownership Plan is a small filing (72 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Carolina Products, Inc. Employee Stock Ownership Plan reported net income rose from $5M in the plan year 2023 filing to $8M in the plan year 2024 filing.
  • Carolina Products, Inc. Employee Stock Ownership Plan end-of-year assets rose from $27M in the plan year 2023 filing to $35M in the plan year 2024 filing.
  • Carolina Products, Inc. Employee Stock Ownership Plan reported participants rose from 71 in the plan year 2023 filing to 72 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 560951942 · Carolina Products, Inc. PY 2024 · ESOP

Carolina Products, Inc. Employee Stock Ownership Plan · $35M · 72 · 80th

  • PART $35M
  • PART 72
  • PART 80th
  • PART ESOP
  • PART near Adco Manufacturing Employee Stock Ownership Plan
  • PART ind #12769

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 →

Carolina Products, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Force Companies ESOP$35MFirst Citizens Financial Corp Employee Stock Ownership PlanFirst Citizens Financial Cor…$35MCarolina Products, Inc. Employee Stock Ownership PlanCarolina Products, Inc. Empl…$35MAdco Manufacturing Employee Stock Ownership PlanAdco Manufacturing Employee …$35MMidwest Bancorporation, Inc and Affiliates Employee Stock Ownership PlanMidwest Bancorporation, Inc …$35M
End-of-year total assets ($M) among Carolina Products, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$27M
Net Assets (End of Year)$35M
Net Income$8M
Employer EIN560951942
Plan Effective Date2007-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Carolina Products, Inc.)

Sponsor-wide plan assets over time

All Carolina Products, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$35M 58.790810693728524% vs 2022
2024 filing year
$20M$25M$30M$35M$40M 202220232024 $22.3M $35.4M ▲ +58.8%
Year Plans Participants Total Assets
2022 1 57 $22M
2023 1 71 $27M
2024 1 72 $35M

Nearby ESOP Plans in North Carolina

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

Carolina Products, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants Scatter plot of 6 data points. 050010001500 050100150200 Total assets ($M) Participants Carolina Products, Inc. Employee Stock Ownership Plan, Total assets ($M): 35.357348 · Participants: 72Carolina Products, 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 PlanState Utility Contractors, Inc. Employee Stock Ownership Plan, Total assets ($M): 123.497988 · Participants: 158State Utility Contractors, Inc. Employee Stock Ownership Plan
Carolina Products, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants
Compare Carolina Products, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Carolina Products, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside North Carolina, the nearest ESOP by assets is Adco Manufacturing Employee Stock Ownership Plan in CA ($35M); by covered participants it is Cole Lumber Company, Inc. Employee Stock Ownership Plan in KY (72 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (72 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 Carolina Products, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Carolina Products, Inc. Employee Stock Ownership Plan surged - up 31.5% during 2024, from $27M to $35M. Reported net income was $8M.
How have Carolina Products, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Carolina Products, Inc.'s sponsor-wide assets grew 58.8%, from $22M to $35M.
Where does Carolina Products, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Carolina Products, Inc. Employee Stock Ownership Plan ranks in the 80th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Carolina Products, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Adco Manufacturing Employee Stock Ownership Plan in CA ($35M, 152 participants).
Which ESOP plans cover a similar participant headcount to Carolina Products, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Cole Lumber Company, Inc. Employee Stock Ownership Plan in KY (72 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 560951942.

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.