ESOP · DOL Form 5500 · 2024

Elastec, Inc. ESOP

Data updated 2026-08-25

$3M
Total assets Small plan by assets
90
Participants Small participant base
32nd
Percentile by assets National rank
$29,200
Avg per participant Low balance/head
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Official DOL plan name: Elastec, Inc. Employee Stock Ownership Plan · Sponsored by Elastec, Inc. · Illinois · Professional & Technical Services

$3M in assets, 90 participants

Elastec, Inc.'s Elastec, Inc. Employee Stock Ownership Plan reported $3M in total assets and 90 participants in its 2024 DOL Form 5500 filing, ranking in the 32nd 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.

  • #5,793 in Professional & Technical Services (20,173 peers)

Elastec, Inc. multi-year trail

Elastec, Inc.'s plans moved -26.4% in assets from 2022 to 2024; this filing shows Elastec, Inc. Employee Stock Ownership Plan at $3M / 90 participants.

#5,793
in Professional & Technical Services (20,173 peers)
+53.8%
assets growth YoY

Elastec, Inc. Employee Stock Ownership Plan among the smaller filed plans by assets

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

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

$2,628,000 32nd percentile higher than 32% 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

Elastec, 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. Elastec, Inc. Employee Stock Ownership Plan is a small filing (90 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Elastec, Inc. Employee Stock Ownership Plan reported net income rose from -$11M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Elastec, Inc. Employee Stock Ownership Plan end-of-year assets rose from $2M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Elastec, Inc. Employee Stock Ownership Plan reported participants rose from 88 in the plan year 2023 filing to 90 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 371264086 · Elastec, Inc. PY 2024 · ESOP

Elastec, Inc. Employee Stock Ownership Plan · $3M · 90 · 32nd

  • EBSA $3M
  • EBSA 90
  • EBSA 32nd
  • EBSA ESOP
  • EBSA near Price Modern Employee Stock Ownership Plan
  • EBSA ind #5793

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 Illinois →

Elastec, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Elastec, Inc. Employee Stock Ownership PlanElastec, Inc. Employee Stock…$3MPrice Modern Employee Stock Ownership PlanPrice Modern Employee Stock …$3MKimball Management Corporation Employee Stock Ownership PlanKimball Management Corporati…$3MFastbolt Corp. Employee Stock Ownership PlanFastbolt Corp. Employee Stoc…$3MSprague's Sports, Inc. Employee Stock Ownership PlanSprague's Sports, Inc. Emplo…$3M
End-of-year total assets ($M) among Elastec, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Elastec, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Elastec, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$3M 26.439386390278802% vs 2022
2024 filing year
$1M$2M$3M$4M 202220232024 $3.57M $2.63M ▼ -26.3%
Year Plans Participants Total Assets
2022 1 100 $4M
2023 1 88 $2M
2024 1 90 $3M

Elastec, Inc. filing trail (2024)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)-$9M
Net Income$2M
Employer EIN371264086
Plan Effective Date2023-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Illinois

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

Elastec, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Illinois, assets vs. participants Scatter plot of 6 data points. -50000500010000 -101234 Total assets ($B) Participants Elastec, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.002628 · Participants: 90Elastec, Inc. Employee Stock Ownership PlanAmsted Industries Incorporated Employees' Stock Ownership Plan, Total assets ($B): 3.699095694 · Participants: 4909Amsted Industries Incorporated Employees' Stock Ownership PlanKehe Distributors, Inc. Employee Stock Ownership Plan, Total assets ($B): 2.165348047 · Participants: 4815Kehe Distributors, Inc. Employee Stock Ownership PlanScot Forge Company Employee Stock Ownership Plan, Total assets ($B): 1.429776889 · Participants: 491Scot Forge Company Employee Stock Ownership PlanBdo USA Employee Stock Ownership Plan, Total assets ($B): 1.0622005 · Participants: 9258Bdo USA Employee Stock Ownership PlanShorr Paper Products, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.430213996 · Participants: 543Shorr Paper Products, Inc. Employee Stock Ownership Plan
Elastec, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Illinois, assets vs. participants
Compare Elastec, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Illinois, the nearest ESOP by assets is Price Modern Employee Stock Ownership Plan in MD ($3M); by covered participants it is Cape Cod Lumber Co., Inc. Employee Stock Ownership Plan in MA (90 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (90 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 Elastec, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Elastec, Inc. Employee Stock Ownership Plan surged - up 53.8% during 2024, from $2M to $3M. Reported net income was $2M.
How have Elastec, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Elastec, Inc.'s sponsor-wide assets declined 26.4%, from $4M to $3M.
Which ESOP plans are similar in size to Elastec, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Price Modern Employee Stock Ownership Plan in MD ($3M, 247 participants).
Which ESOP plans cover a similar participant headcount to Elastec, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Cape Cod Lumber Co., Inc. Employee Stock Ownership Plan in MA (90 participants, $82M 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 371264086.

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.