ESOP · DOL Form 5500 · 2024

Sovereign Distributors, Inc. T/a Avalon Flooring ESOP

Data updated 2026-08-25

$23M
Total assets Small plan by assets
351
Participants Below avg headcount
73rd
Percentile by assets National rank
$66,778
Avg per participant Below avg balance/head
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Official DOL plan name: Avalon Flooring Employee Stock Ownership Plan · Sponsored by Sovereign Distributors, Inc. T/a Avalon Flooring · New Jersey · Retail Trade

$23M in assets, 351 participants

Sovereign Distributors, Inc. T/a Avalon Flooring's Avalon Flooring Employee Stock Ownership Plan reported $23M in total assets and 351 participants in its 2024 DOL Form 5500 filing, ranking in the 73rd 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.

  • #6,689 in Retail Trade (8,048 peers)

Coverage in New Jersey

Avalon Flooring Employee Stock Ownership Plan covers 351 participants in New Jersey, about 42% of the average New Jersey filer (state average ~844 per filing). Assets: $23M.

#6,689
in Retail Trade (8,048 peers)
-15.0%
assets change YoY

The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Avalon Flooring Employee Stock Ownership Plan's outsized position by total assets

Avalon Flooring Employee Stock Ownership Plan vs every filed plan by assets

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

$23,439,045 Top 27% higher than 73% 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

Avalon Flooring 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. Avalon Flooring Employee Stock Ownership Plan sits mid-pack in the medium band (351 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Avalon Flooring Employee Stock Ownership Plan end-of-year assets fell from $28M in the plan year 2023 filing to $23M in the plan year 2024 filing.
  • Avalon Flooring Employee Stock Ownership Plan reported net income fell from -$3M in the plan year 2023 filing to -$4M in the plan year 2024 filing.
  • Avalon Flooring Employee Stock Ownership Plan reported participants fell from 372 in the plan year 2023 filing to 351 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 222985143 · Sovereign Distributors, Inc. T/a Avalon Flooring PY 2024 · ESOP

Avalon Flooring Employee Stock Ownership Plan · $23M · 351 · 73rd

  • ASSETS $23M
  • ASSETS 351
  • ASSETS 73rd
  • ASSETS ESOP
  • ASSETS near Vr Systems, Inc. Employee Stock Ownership Plan
  • ASSETS ind #6689

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 New Jersey →

Avalon Flooring Employee Stock Ownership Plan in the asset neighbourhood

Dp Nicoli Employee Stock Ownership PlanDp Nicoli Employee Stock Own…$23MAvalon Flooring Employee Stock Ownership PlanAvalon Flooring Employee Sto…$23MVr Systems, Inc. Employee Stock Ownership PlanVr Systems, Inc. Employee St…$23MWestmoreland Pharmacy Employee Stock Ownership PlanWestmoreland Pharmacy Employ…$23MHumboldt Mfg. Co. Employee Stock Ownership PlanHumboldt Mfg. Co. Employee S…$23M
End-of-year total assets ($M) among Avalon Flooring Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

New Jersey filing particulars

Total Assets (Beginning of Year)$28M
Net Assets (End of Year)$20M
Net Income-$4M
Employer EIN222985143
Plan Effective Date2004-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sovereign Distributors, Inc. T/a Avalon Flooring)

Sponsor-wide plan assets over time

All Sovereign Distributors, Inc. T/a Avalon Flooring plans reported in each filing year

Latest sponsor-wide plan assets
$51M 2.493814368328395% vs 2022
2024 filing year
$50.5M$51M$51.5M$52M$52.5M 202220232024 $51.9M $50.6M ▼ -2.5%
Year Plans Participants Total Assets
2022 2 750 $52M
2023 2 721 $51M
2024 2 675 $51M

Nearby ESOP Plans in New Jersey

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

Avalon Flooring Employee Stock Ownership Plan vs. nearby ESOP plans in New Jersey, assets vs. participants Scatter plot of 6 data points. 0500100015002000 0100200300400500 Total assets ($M) Participants Avalon Flooring Employee Stock Ownership Plan, Total assets ($M): 23.439045 · Participants: 351Avalon Flooring Employee Stock Ownership PlanOkonite Company Employees Stock Ownership Plan, Total assets ($M): 446.25 · Participants: 1176Okonite Company Employees Stock Ownership PlanConair LLC Savings and Investment Plan, Total assets ($M): 302.820247 · Participants: 1275Conair LLC Savings and Investment PlanMathematica Group Holding Inc. Employee Stock Ownership Plan, Total assets ($M): 280.534757 · Participants: 1740Mathematica Group Holding Inc. Employee Stock Ownership PlanAmboy Bancorporation Employee Stock Ownership Plan, Total assets ($M): 105.2481 · Participants: 199Amboy Bancorporation Employee Stock Ownership PlanRailroad Construction Company, Inc. Employee Stock Ownership Plan, Total assets ($M): 87.816327 · Participants: 144Railroad Construction Company, Inc. Employee Stock Ownership Plan
Avalon Flooring Employee Stock Ownership Plan vs. nearby ESOP plans in New Jersey, assets vs. participants
Compare Avalon Flooring Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside New Jersey, the nearest ESOP by assets is Vr Systems, Inc. Employee Stock Ownership Plan in FL ($23M); by covered participants it is Air Tractor Holdings, Inc. Employee Stock Ownership Plan in TX (350 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (351 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 Avalon Flooring Employee Stock Ownership Plan assets move in 2024? ▼
Avalon Flooring Employee Stock Ownership Plan declined sharply - down 15.0% during 2024, from $28M to $23M. Reported net income was -$4M.
How have Sovereign Distributors, Inc. T/a Avalon Flooring plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sovereign Distributors, Inc. T/a Avalon Flooring's sponsor-wide assets declined 2.5%, from $52M to $51M.
Which ESOP plans are similar in size to Avalon Flooring Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Vr Systems, Inc. Employee Stock Ownership Plan in FL ($23M, 45 participants).
Which ESOP plans cover a similar participant headcount to Avalon Flooring Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Air Tractor Holdings, Inc. Employee Stock Ownership Plan in TX (350 participants, $401M 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 222985143.

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.