Freedom Industries, Inc.ESOP
FREEDOM INDUSTRIES, INC. EMPLOYEE STOCK OWNERSHIP PLAN · ROCKY MOUNT, NC · plan year 2023
Freedom Industries, Inc.'s 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $33,561,225 across 160 participant accounts, with employer contributions averaging $3,564 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 511th-largest of 2,005 plans among North Carolina employers on file, and the 3,828th of 11,654 in professional & technical services.
Freedom Industries, Inc.'s 2023 employer contribution ran above the $2,440 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
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Source: U.S. Department of Labor, Form 5500 series, EIN 200450529 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.