Texas › Wholesale trade › 250 to 499 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
Scallon Controls, Inc. Employee Stock Ownership Plan
Sponsored by Scallon Controls, Inc., Beaumont, TX
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 30 Jun 2025, Scallon Controls, Inc. Employee Stock Ownership Plan covered 250 participants and held $61.4M in net assets. The plan is an employee stock ownership plan sponsored by Scallon Controls, Inc. of Beaumont, Texas.
Net assets came to $245,538 per participant, well above the $48,746 median for defined contribution plans with 250 to 499 participants and well above the $65,557 median for defined contribution plans in wholesale trade. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $3.4M during the year, or $16,742 per active participant against a same-size median of $2,017; participants contributed —. Benefits paid out totalled $4.9M.
The filing reports no service provider compensation on Schedule C. That is common where fees are paid by the employer or taken from investment returns, neither of which appears there. Administrative expenses charged to the plan were $0.
Across the filings on record, net assets went from $30.4M in 2018 to $61.4M in 2024 (up 102%), and participants from 134 to 250 (up 87%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $245,538 | $48,746 | $65,557 | $53,102 |
| Employer contributions per active participant | $16,742 | $2,017 | $2,107 | $2,175 |
| Schedule C compensation per participant | — | $141 | $153 | $123 |
| Schedule C compensation, share of net assets | — | 0.30% | 0.27% | 0.26% |
| Administrative expenses per participant | — | $133 | $147 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 250 to 499 participants (17,456 plans), wholesale trade (3,526) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 250 | $61.4M | $245,540 | $3.4M | — | $0 |
| 2023 | 232 | $53.7M | $231,297 | $3.3M | — | $0 |
| 2022 | 223 | $45.6M | $204,426 | $3.0M | — | $0 |
| 2021 | 203 | $40.0M | $197,128 | $2.6M | — | $0 |
| 2020 | 182 | $34.5M | $189,549 | $2.1M | — | $0 |
| 2019 | 173 | $33.1M | $191,370 | $2.1M | — | $0 |
| 2018 | 134 | $30.4M | $226,590 | $1.7M | — | $0 |
| 2017 | 116 | — | — | — | — | — |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$53,660,775
- Employer contributions$3,415,348
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$3,415,348
- Total income, including investment results$12,609,949
- Benefits paid$4,886,210
- Administrative expenses$0
- Total expenses$4,886,210
- Net income$7,723,739
- Net transfers$0
- Net assets, end of year$61,384,514
Participants
- Active participants204
- Retired or separated, receiving benefits14
- Retired or separated, entitled to future benefits32
- Participants with account balances249
- Total participants, end of year250
Fees and service providers
No service provider organisations are listed on Schedule C for this plan year.
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Employer securities$50.2M · 81.8%
- Cash (interest and non-interest bearing)$7.7M · 12.6%
- Receivables$3.4M · 5.6%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmWathen, Deshong & Juncker, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2QThe employer maintaining this ESOP is an S corporation2OESOP other than a leveraged ESOP2IStock bonus
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 423800: Machinery, Equipment, & Supplies.
Other plans of Scallon Controls, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Scallon Controls, Inc. 401(k) Bonus Plan and Trust | 137 | $11.9M |
Similar plans in Texas
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Universal Power Group, Inc. 401(k) Retirement Plan | Universal Power Group, Inc. | 257 | $7.0M | $27,290 |
| R.E. Sweeney Company, Inc. Stock Bonus Profit Sharing Plan and Trust | R.E. Sweeney Company, Inc. | 250 | $17.1M | $68,520 |
| Friedman Industries, Inc. Employees' Retirement & 401(k) Plan | Friedman Industried, Incorporated | 260 | $11.9M | $45,697 |
| Shrieve Chemical Company, LLC 401(k) Profit Sharing Plan | Shrieve Chemical Company, LLC | 248 | $30.3M | $122,013 |
| Goodheart 401(k) Plan | Bluebonnet Foods, L.P. DBA Goodheart Brand Specialty Foods | 261 | $3.3M | $12,519 |
| Syndex Corporation 401(k) Retirement Plan | Syndex Corporation | 242 | $6.8M | $28,076 |
Defined contribution plans in wholesale trade closest in size.
Questions and answers
How big is Scallon Controls, Inc. Employee Stock Ownership Plan?
250 participants at the end of the plan year ending 30 Jun 2025, of whom 204 were active employees, with net assets of $61,384,514. Among defined contribution plans that places it in the 250 to 499 participants band, which held 17,456 plans in plan year 2024.
What does Scallon Controls, Inc. contribute per participant?
The filing reports $3,415,348 in employer contributions for the year, which is $16,742 per active participant; the median for plans of the same type and size was $2,017 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports no provider compensation for the year. Administrative expenses on Schedule H were $0. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Scallon Controls, Inc.. The financial statements were audited by Wathen, Deshong & Juncker, LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 7 Apr 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 74-1918146, plan 003, received 7 Apr 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.