Recore Electrical Contractors, Inc.ESOP
RECORE EMPLOYEE STOCK OWNERSHIP PLAN · GASTONIA, NC · plan year 2024
Recore Electrical Contractors, Inc.'s 2024 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 $107,155,794 across 178 participant accounts, with employer contributions averaging $20,599 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 193rd-largest of 2,005 plans among North Carolina employers on file, and the 584th of 5,337 in construction. active participation has grown from 89 to 117 since 2022.
Recore Electrical Contractors, Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. 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 561373085 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.