ESOP · DOL Form 5500 · 2024

First Choice Solutions, Inc. ESOP

Data updated 2026-08-25

$3M
Total assets Small plan by assets
28
Participants Small participant base
32nd
Percentile by assets National rank
$90,577
Avg per participant Below avg balance/head
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Official DOL plan name: Rhoads Co. Employee Stock Ownership Plan · Sponsored by First Choice Solutions, Inc. · New Mexico · Construction

$3M in assets, 28 participants

First Choice Solutions, Inc.'s Rhoads Co. Employee Stock Ownership Plan reported $3M in total assets and 28 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.

  • #2,761 in Construction (9,039 peers)

First Choice Solutions, Inc. multi-year trail

First Choice Solutions, Inc.'s plans moved +13.5% in assets from 2022 to 2024; this filing shows Rhoads Co. Employee Stock Ownership Plan at $3M / 28 participants.

#2,761
in Construction (9,039 peers)
-5.3%
assets change YoY

The plan reported a net loss of $143K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Rhoads Co. Employee Stock Ownership Plan among the smaller filed plans by assets

Rhoads Co. Employee Stock Ownership Plan vs every filed plan by assets

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

$2,536,157 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

Rhoads Co. 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. Rhoads Co. Employee Stock Ownership Plan is a small filing (28 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Rhoads Co. Employee Stock Ownership Plan reported net income fell from $445K in the plan year 2023 filing to -$143K in the plan year 2024 filing.
  • Rhoads Co. Employee Stock Ownership Plan end-of-year assets fell from $3M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Rhoads Co. Employee Stock Ownership Plan reported participants fell from 29 in the plan year 2023 filing to 28 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 850169786 · First Choice Solutions, Inc. PY 2024 · ESOP

Rhoads Co. Employee Stock Ownership Plan · $3M · 28 · 32nd

  • EIN $3M
  • RANK 28
  • PHOTO 32nd
  • IND ESOP
  • EOY near Ologie, Inc. Employee Stock Ownership Plan
  • 5500 ind #2761

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 Mexico →

Rhoads Co. Employee Stock Ownership Plan in the asset neighbourhood

Rhoads Co. Employee Stock Ownership PlanRhoads Co. Employee Stock Ow…$3MOlogie, Inc. Employee Stock Ownership PlanOlogie, Inc. Employee Stock …$3MBrubaker, Inc. Employee Stock Ownership PlanBrubaker, Inc. Employee Stoc…$3MGougeon Holding Co. Employee Stock Ownership PlanGougeon Holding Co. Employee…$3MEastern Analytical Employee Stock Ownership PlanEastern Analytical Employee …$3M
End-of-year total assets ($M) among Rhoads Co. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

First Choice Solutions, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All First Choice Solutions, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$3M 13.516437380045259% vs 2022
2024 filing year
$2M$2.2M$2.4M$2.6M$2.8M 202220232024 $2.23M $2.54M ▲ +13.9%
Year Plans Participants Total Assets
2022 1 29 $2M
2023 1 29 $3M
2024 1 28 $3M

First Choice Solutions, Inc. filing trail (2024)

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$3M
Net Income-$143K
Employer EIN850169786
Plan Effective Date2003-07-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in New Mexico

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

Rhoads Co. Employee Stock Ownership Plan vs. nearby ESOP plans in New Mexico, assets vs. participants Scatter plot of 6 data points. -50005001000150020002500 -2000200400600800 Total assets ($M) Participants Rhoads Co. Employee Stock Ownership Plan, Total assets ($M): 2.536157 · Participants: 28Rhoads Co. Employee Stock Ownership PlanEmployee Stock Ownership Plan of Applied Research Associates, Inc., Total assets ($M): 610.607866 · Participants: 2198Employee Stock Ownership Plan of Applied Research Associates, Inc.Ppic Employee Stock Ownership Plan, Total assets ($M): 49.01038 · Participants: 111Ppic Employee Stock Ownership PlanCommerce Bancshares of Roswell, Inc. Employee Stock Ownership Plan, Total assets ($M): 27.569071 · Participants: 18Commerce Bancshares of Roswell, Inc. Employee Stock Ownership PlanCitizens Bank Employee Stock Ownership and Retirement Savings Plan, Total assets ($M): 23.962536 · Participants: 90Citizens Bank Employee Stock Ownership and Retirement Savings PlanJack B. Henderson Construction Company, Inc. Employee Stock Ownership Plan, Total assets ($M): 21.609312 · Participants: 118Jack B. Henderson Construction Company, Inc. Employee Stock Ownership Plan
Rhoads Co. Employee Stock Ownership Plan vs. nearby ESOP plans in New Mexico, assets vs. participants
Compare Rhoads Co. Employee Stock Ownership Plan side-by-side with 3 peers →

Rhoads Co. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside New Mexico, the nearest ESOP by assets is Ologie, Inc. Employee Stock Ownership Plan in OH ($3M); by covered participants it is Asu Group Employee Stock Ownership Plan in MI (28 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (28 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 Rhoads Co. Employee Stock Ownership Plan assets move in 2024? ▼
Rhoads Co. Employee Stock Ownership Plan pulled back noticeably - down 5.3% during 2024, from $3M to $3M. Reported net income was -$143K.
How have First Choice Solutions, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Choice Solutions, Inc.'s sponsor-wide assets grew 13.5%, from $2M to $3M.
Which ESOP plans are similar in size to Rhoads Co. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Ologie, Inc. Employee Stock Ownership Plan in OH ($3M, 64 participants).
Which ESOP plans cover a similar participant headcount to Rhoads Co. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Asu Group Employee Stock Ownership Plan in MI (28 participants, $4M 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 850169786.

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.