ESOP · DOL Form 5500 · 2024

National Spinning Co., Inc. ESOP

Data updated 2026-08-25

$5M
Total assets Small plan by assets
158
Participants Small participant base
41st
Percentile by assets National rank
$29,738
Avg per participant Low balance/head
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Official DOL plan name: National Spinning Co., Inc. Employee Stock Ownership Plan · Sponsored by National Spinning Co., Inc. · North Carolina · Manufacturing

$5M in assets, 158 participants

National Spinning Co., Inc.'s National Spinning Co., Inc. Employee Stock Ownership Plan reported $5M in total assets and 158 participants in its 2024 DOL Form 5500 filing, ranking in the 41st 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.

  • #4,251 in Manufacturing (17,777 peers)

Coverage in North Carolina

National Spinning Co., Inc. Employee Stock Ownership Plan covers 158 participants in North Carolina, about 19% of the average North Carolina filer (state average ~819 per filing). Assets: $5M.

#4,251
in Manufacturing (17,777 peers)
-22.5%
assets change YoY

The plan reported a net loss of $386K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

National Spinning Co., Inc. Employee Stock Ownership Plan's mid-pack asset rank among Manufacturing and all filers

National Spinning Co., Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$4,698,534 41st percentile higher than 41% 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

National Spinning Co., 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. National Spinning Co., Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (158 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • National Spinning Co., Inc. Employee Stock Ownership Plan reported net income fell from $4M in the plan year 2023 filing to -$386K in the plan year 2024 filing.
  • National Spinning Co., Inc. Employee Stock Ownership Plan reported participants fell from 231 in the plan year 2023 filing to 158 in the plan year 2024 filing.
  • National Spinning Co., Inc. Employee Stock Ownership Plan end-of-year assets fell from $6M in the plan year 2023 filing to $5M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 111117990 · National Spinning Co., Inc. PY 2024 · ESOP

National Spinning Co., Inc. Employee Stock Ownership Plan · $5M · 158 · 41st

  • PART $5M
  • TYPE 158
  • NET 41st
  • BOOK ESOP
  • VS-ST near Tc Federal Bank Employee Stock Ownership Plan
  • BOY ind #4251

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 →

National Spinning Co., Inc. Employee Stock Ownership Plan in the asset neighbourhood

Huntsman Architectural Group Employee Stock Ownership PlanHuntsman Architectural Group…$5MNational Spinning Co., Inc. Employee Stock Ownership PlanNational Spinning Co., Inc. …$5MTc Federal Bank Employee Stock Ownership PlanTc Federal Bank Employee Sto…$5MUsp Group, Inc. Employee Stock Ownership Plan and Trust AgreementUsp Group, Inc. Employee Sto…$5MDahlin Group, Inc. Employee Stock Ownership PlanDahlin Group, Inc. Employee …$5M
End-of-year total assets ($M) among National Spinning Co., Inc. 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)$6M
Net Assets (End of Year)-$5M
Net Income-$386K
Employer EIN111117990
Plan Effective Date1992-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (National Spinning Co., Inc.)

Sponsor-wide plan assets over time

All National Spinning Co., Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$12M 7.440201073008142% vs 2022
2024 filing year
$10M$11M$12M$13M$14M$15M 202220232024 $10.9M $11.7M ▲ +7.5%
Year Plans Participants Total Assets
2022 2 583 $11M
2023 2 476 $14M
2024 2 399 $12M

Nearby ESOP Plans in North Carolina

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

National Spinning Co., Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants Scatter plot of 6 data points. 050010001500 -50050100150200 Total assets ($M) Participants National Spinning Co., Inc. Employee Stock Ownership Plan, Total assets ($M): 4.698534 · Participants: 158National Spinning Co., 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
National Spinning Co., Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants
Compare National Spinning Co., Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside North Carolina, the nearest ESOP by assets is Tc Federal Bank Employee Stock Ownership Plan in GA ($5M); by covered participants it is Dennis Beverage Company Employee Stock Ownership Plan in ME (158 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (158 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 National Spinning Co., Inc. Employee Stock Ownership Plan assets move in 2024? ▼
National Spinning Co., Inc. Employee Stock Ownership Plan declined sharply - down 22.5% during 2024, from $6M to $5M. Reported net income was -$386K.
How have National Spinning Co., Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), National Spinning Co., Inc.'s sponsor-wide assets grew 7.4%, from $11M to $12M.
Which ESOP plans are similar in size to National Spinning Co., Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Tc Federal Bank Employee Stock Ownership Plan in GA ($5M, 49 participants).
Which ESOP plans cover a similar participant headcount to National Spinning Co., Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Dennis Beverage Company Employee Stock Ownership Plan in ME (158 participants, $22M 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 111117990.

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.