ESOP Plans

Largest ESOP plans by total assets. Source: DOL Form 5500, 2024 plan year.

What the Data Shows About ESOP Plans

An Employee Stock Ownership Plan (ESOP) is a qualified retirement plan that invests primarily in the stock of the sponsoring employer, giving employees an ownership stake. This page ranks the 50 largest ESOP plans in the dataset by end-of-year total assets. Together the plans listed here hold $69.7B in aggregate assets and cover 308,427 participants, a mix of active employees, separated workers with remaining balances, and retirees receiving benefits.

The largest plan in this category, The Sherwin-Williams Company 401(k) Plan (The Sherwin-Williams Company, OH), reports $10.6B in assets with 47,459 participants. Within ESOP plans, size reflects a combination of workforce scale, employer contribution rates, employee deferral rates, and long-term investment performance, not a quality rating. Larger plans often benefit from lower per-participant fees, broader investment menus, and more sophisticated administration, but participant outcomes depend on contribution behavior and investment selection. Ranking tables below link to each plan's detail page for EIN, filing status, effective date, and net income.

All figures come from Form 5500 annual returns for the 2024 plan year, filed with the DOL's EBSA and released through EFAST2. Totals reflect a single year-end snapshot and fluctuate with markets and plan activity. This page is informational only, it summarizes public regulatory filings for research and educational purposes, and is not retirement, tax, legal, or financial advice. Before relying on any figure to evaluate an employer's ESOP plan or make retirement decisions, verify the underlying filing directly on EFAST2 and consult a qualified professional.

# Plan Name Sponsor State Participants Total Assets
1 The Sherwin-Williams Company 401(k) Plan The Sherwin-Williams Company OH 47,459 $10.6B
2 Marsh & Mclennan Companies 401(k) Savings and Investment Plan Marsh & Mclennan Companies, Inc. NY 20,222 $7.4B
3 Burns & Mcdonnell, Inc. Employee Stock Ownership Plan Burns & Mcdonnell, Inc MO 9,902 $5.5B
4 Winco Employee Stock Ownership Plan Winco Holdings, Inc. ID 17,054 $5.0B
5 Pg&e Corp. Retirement Savings Plan for Union-Represented Employees Pg&e Corporation CA 17,143 $5.0B
6 Pg&e Corporation Retirement Savings Plan Pg&e Corporation CA 10,231 $4.9B
7 Eversource 401(k) Plan Eversource Energy Service Company CT 10,041 $4.0B
8 Dxc Technology Matched Asset Plan Dxc Technology Company VA 10,284 $2.6B
9 Hntb Ownership Plan Hntb Holdings Ltd. MO 6,341 $2.2B
10 Local No. 1 IBEW Pension Benefit Trust Fund Trustees of Local No. 1 Pension Benefit Trust Fund MO 4,749 $1.9B
11 The Sherwin-Williams Company Salaried Employees' Revised Pension Investment Plan The Sherwin-Williams Company OH 47,538 $1.7B
12 Main Line Health, Inc. Retirement Savings Plan Main Line Health, Inc. PA 14,002 $1.7B
13 Employee Savings and Stock Ownership Plan of General Re Corp and Its Domestic Subsidiaries General Re Corporation CT 1,060 $1.6B
14 Marsh & Mclennan Agency 401(k) Savings & Investment Plan Marsh & Mclennan Companies, Inc. NY 11,530 $1.5B
15 The 401(k) Stock Purchase Plan for Employees of Cullen/Frost Bankers, Inc. and Its Affiliates Cullen/Frost Bankers, Inc. TX 5,570 $1.2B
16 NECA-IBEW Pension Benefit Trust Fund Board of Trustees of the NECA-IBEW Pension Benefit Trust Fund MO 4,119 $1.0B
17 Infrastructure Prosperity Group Employee Stock Ownership and Deferred Compensation Plan Rieth-Riley Construction Co., Inc. IN 1,148 $998M
18 Harley-Davidson Retirement Savings Plan for Salaried Employees Harley-Davidson Motor Company, Inc. WI 2,825 $967M
19 Warehouse Home Furnishings Distributors, Inc. Employee Stock Ownership Plan Warehouse Home Furnishings Distributors Inc GA 1,745 $681M
20 Topbuild Corp. 401(k) Plan Topbuild Corp. FL 12,888 $608M
21 Southwest Gas Corporation Employees' Investment Plan Southwest Gas Corporation NV 2,387 $600M
22 Agron, Inc. Employee Stock Ownership Plan Agron, Inc. CA 68 $596M
23 College Entrance Examination Board Tax-Deferred Annuity Plan College Board NY 1,876 $549M
24 Masters Mates & Pilots Individual Retirement Account Plan Board of Trustees of M.M.&p. Individual Retirement Account Plan MD 2,170 $523M
25 Materion Corporation Retirement Savings Plan Materion Corporation OH 2,525 $466M
26 Community Memorial Health System 403(b) Plan Community Memorial Health System CA 3,133 $454M
27 Warner Music Group 401(k) Plan Warner Music Group NY 2,247 $446M
28 Skadden Arps Slate Meagher & Flom Retirement Plan Skadden Arps Slate Meagher & Flom, LLP NY 332 $443M
29 Maryland Electrical Industry Severance & Annuity Fund Md Electrical Industry S&a Fund WV 2,686 $329M
30 Metal Lathers Local 46 Annuity Fund Board of Trustees of Metal Lathers Local 46 Annuity Fund NY 1,833 $328M
31 Avanos Medical, Inc. 401(k) Plan Avanos Medical, Inc. GA 869 $311M
32 Meba Pension Trust-Money Purchase Benefit Plan Board of Trustees, Meba Pension Trust-Money Purchase Benefit MD 2,964 $306M
33 Southern New Hampshire University 401(k) Southern New Hampshire University NH N/A $285M
34 Saint Francis Healthcare System Tax Deferred Annuity Plan Saint Francis Healthcare System MO 3,309 $246M
35 Employee Stock Ownership Plan of the Bank of New York Company, Inc. The Bank of New York Mellon Corporation PA 2,437 $244M
36 Employees Profit Sharing Retirement Plan of Servco Pacific Inc. and Subsidiaries Servco Pacific Inc. HI 1,086 $228M
37 Sanford Burnham Prebys Medical Discovery Institute Tax Deferred Annuity Plan Sanford Burnham Prebys Medical Discovery Institute CA 483 $219M
38 Hometown Community Bancorp, Inc. Employee Stock Ownership Plan & Trust Hometown Community Bancorp, Inc. IL 512 $200M
39 Northeast District Council of the Opcmia Annuity Fund Northeast District Council of the Opcmia Annuity Fund NY 1,202 $199M
40 Harley-Davidson Ret Svgs Plan for Milw & Tomahawk Hrly Barg Unit Ees Harley-Davidson Motor Company, Inc. WI 1,091 $184M
41 Columbia University Defined Contribution Plan for Supporting Staff Trustees of Columbia University C/O Benefits Department NY 1,232 $177M
42 Gt Services LLC Savings and Investment Plan Gt Services LLC PA 912 $175M
43 Bancplus Corporation Employee Stock Ownership Plan W/401(k) Provisions Bancplus Corporation MS 1,110 $165M
44 Ua Local 125 Retirement Savings Plan Board of Trustees Ua Local 125 Retirement Savings Plan IA 1,042 $164M
45 Plug Power Inc. Savings and Retirement Plan Plug Power Inc. NY 3,181 $154M
46 Supplemental Pension & Savings Plan for Ees of Ohio Valley Electric Corp and Indiana-Kentucky Electric Corp Ohio Valley Electric Corporation OH 511 $150M
47 IBEW Local Union No. 520 Annuity Plan Board of Trustees of IBEW Local Union No. 520 Annuity Trust Fund NM 3,913 $138M
48 IBEW Local No. 716 Retirement Plan Board of Trustees of the IBEW Local No. 716 Retirement Trust Fund TX 5,147 $132M
49 The Branch Group Inc and Affiliates Employee Stock Ownership Plan The Branch Group Inc VA 1,179 $126M
50 Columbia University Defined Contribution Plan - Supporting Staff Association at the College of Physicians and Surgeons Trustees of Columbia University C/O Benefits Department NY 1,139 $117M

Nearby Plan Types

Other employer-sponsored retirement plan categories filed on Form 5500.

Compare ESOP side-by-side with 3 other plan types →

Frequently Asked Questions

What is a ESOP plan? ▼
An Employee Stock Ownership Plan (ESOP) is a qualified retirement plan that invests primarily in the stock of the sponsoring employer, giving employees an ownership stake.
What are the largest ESOP plans in the U.S.? ▼
The largest ESOP plan is The Sherwin-Williams Company 401(k) Plan with $10.6B in total assets. This page lists the top 50 ESOP plans ranked by total assets.
How many ESOP plans are there in the U.S.? ▼
The DOL Form 5500 dataset includes thousands of ESOP plans. This page shows the 50 largest by total assets. The full dataset covers all employer-sponsored retirement plans filed with the Department of Labor.
Where does ESOP plan data come from? ▼
All data on this page comes from DOL Form 5500 annual filings, which employers must submit to the U.S. Department of Labor for retirement plans with 100+ participants. Data reflects the 2024 plan year.

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Understanding Form 5500

Source: U.S. Department of Labor, EBSA Form 5500 public disclosure dataset. Plan year 2024. This page aggregates plans where the filer coded the plan as ESOP.

Source: DOL EFAST2 filing system (efast.dol.gov) - plan type classification reflects the code selected by the plan administrator at filing time.

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.