ESOP · DOL Form 5500 · 2024

Norair Engineering Corp. ESOP

Data updated 2026-08-25

$23M
Total assets Small plan by assets
31
Participants Small participant base
73rd
Percentile by assets National rank
$733,494
Avg per participant High balance/head
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Official DOL plan name: Norair Engineering Corp. Employee Stock Ownership Plan · Sponsored by Norair Engineering Corp. · Maryland · Construction

$23M in assets, 31 participants

Norair Engineering Corp.'s Norair Engineering Corp. Employee Stock Ownership Plan reported $23M in total assets and 31 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.

  • #6,465 in Construction (9,039 peers)

Norair Engineering Corp. multi-year trail

Norair Engineering Corp.'s plans moved +82.8% in assets from 2022 to 2024; this filing shows Norair Engineering Corp. Employee Stock Ownership Plan at $23M / 31 participants.

#6,465
in Construction (9,039 peers)
+40.9%
assets growth YoY

Norair Engineering Corp. Employee Stock Ownership Plan's outsized position by total assets

Norair Engineering Corp. Employee Stock Ownership Plan vs every filed plan by assets

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

$22,738,322 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

Norair Engineering Corp. 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. Norair Engineering Corp. Employee Stock Ownership Plan is a small filing (31 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Norair Engineering Corp. Employee Stock Ownership Plan reported net income rose from $4M in the plan year 2023 filing to $7M in the plan year 2024 filing.
  • Norair Engineering Corp. Employee Stock Ownership Plan end-of-year assets rose from $16M in the plan year 2023 filing to $23M in the plan year 2024 filing.
  • Norair Engineering Corp. Employee Stock Ownership Plan reported participants fell from 34 in the plan year 2023 filing to 31 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 530119010 · Norair Engineering Corp. PY 2024 · ESOP

Norair Engineering Corp. Employee Stock Ownership Plan · $23M · 31 · 73rd

  • 5500 $23M
  • 5500 31
  • 5500 73rd
  • 5500 ESOP
  • 5500 near International Computer Appliances Corporation ESOP and Trust
  • 5500 ind #6465

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 Maryland →

Norair Engineering Corp. Employee Stock Ownership Plan in the asset neighbourhood

Texas Scenic Company, Inc. Employee Stock Ownership PlanTexas Scenic Company, Inc. E…$23MMoriah Incorporated Employee Stock Ownership PlanMoriah Incorporated Employee…$23MNorair Engineering Corp. Employee Stock Ownership PlanNorair Engineering Corp. Emp…$23MInternational Computer Appliances Corporation ESOP and TrustInternational Computer Appli…$23MGolterman & Sabo, Inc. Employee Stock Ownership PlanGolterman & Sabo, Inc. Emplo…$23M
End-of-year total assets ($M) among Norair Engineering Corp. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Norair Engineering Corp. multi-year asset trail

Sponsor-wide plan assets over time

All Norair Engineering Corp. plans reported in each filing year

Latest sponsor-wide plan assets
$23M 82.80859749409929% vs 2022
2024 filing year
$10M$15M$20M$25M 202220232024 $12.4M $22.7M ▲ +82.8%
Year Plans Participants Total Assets
2022 1 37 $12M
2023 1 34 $16M
2024 1 31 $23M

Norair Engineering Corp. filing trail (2024)

Total Assets (Beginning of Year)$16M
Net Assets (End of Year)$23M
Net Income$7M
Employer EIN530119010
Plan Effective Date2019-10-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Maryland

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

Norair Engineering Corp. Employee Stock Ownership Plan vs. nearby ESOP plans in Maryland, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -0.500.511.5 Total assets ($B) Participants Norair Engineering Corp. Employee Stock Ownership Plan, Total assets ($B): 0.022738322 · Participants: 31Norair Engineering Corp. Employee Stock Ownership PlanEvapco, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.142811894 · Participants: 1803Evapco, Inc. Employee Stock Ownership PlanWestat, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.418966511 · Participants: 3167Westat, Inc. Employee Stock Ownership PlanKci Technologies, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.392391805 · Participants: 1918Kci Technologies, Inc. Employee Stock Ownership PlanLockheed Martin Corporation Capital Accumulation Plan, Total assets ($B): 0.283619058 · Participants: 7445Lockheed Martin Corporation Capital Accumulation PlanBrown Capital Management ESOP, Total assets ($B): 0.211360737 · Participants: 35Brown Capital Management ESOP
Norair Engineering Corp. Employee Stock Ownership Plan vs. nearby ESOP plans in Maryland, assets vs. participants
Compare Norair Engineering Corp. Employee Stock Ownership Plan side-by-side with 3 peers →

Norair Engineering Corp. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Maryland, the nearest ESOP by assets is International Computer Appliances Corporation ESOP and Trust in MN ($23M); by covered participants it is The American National Bank of Beaver Dam Employee Stock Ownership Plan in WI (31 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (31 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 Norair Engineering Corp. Employee Stock Ownership Plan assets move in 2024? ▼
Norair Engineering Corp. Employee Stock Ownership Plan surged - up 40.9% during 2024, from $16M to $23M. Reported net income was $7M.
How have Norair Engineering Corp. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Norair Engineering Corp.'s sponsor-wide assets grew 82.8%, from $12M to $23M.
Which ESOP plans are similar in size to Norair Engineering Corp. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is International Computer Appliances Corporation ESOP and Trust in MN ($23M, 99 participants).
Which ESOP plans cover a similar participant headcount to Norair Engineering Corp. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is The American National Bank of Beaver Dam Employee Stock Ownership Plan in WI (31 participants, $6M 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 530119010.

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.