ESOP · DOL Form 5500 · 2022

Flagship Converters, Inc. ESOP

Data updated 2026-08-11

$15M
Total assets
49
Participants
72nd
Percentile by assets
$302,857
Avg per participant
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Official DOL plan name: Flagship Converters, Inc. Employee Stock Ownership Plan · Sponsored by Flagship Converters, Inc. · Connecticut · Manufacturing

$15M in assets, 49 participants

Flagship Converters, Inc.'s Flagship Converters, Inc. Employee Stock Ownership Plan reported $15M in total assets and 49 participants in its 2022 DOL Form 5500 filing, ranking in the 72nd 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.

  • 72nd percentile by assets (of 139,126 plans)
  • #12,707 in Manufacturing (20,602 peers)

What the 2022 filing shows

Flagship Converters, Inc. Employee Stock Ownership Plan holds $15M for 49 participants - about $302,857 per participant, above the median plan by assets.

$15M
total plan assets (2022 EOY)
49
covered participants
72nd
percentile by assets (of 139,126 plans)
$302,857
avg assets per participant
State
Industry

ESOP filing for Flagship Converters, Inc. Employee Stock Ownership Plan

ESOP filing for plan year 2022: EIN 061268526 ; effective since 2008-01-01 ; filing status FILING RECEIVED. Verify the certified figures on DOL EFAST2.

Filing particulars (2022)

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$15M
Net Income$48K
Employer EIN061268526
Plan Effective Date2008-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Flagship Converters, Inc.)

$13.5M$14M$14.5M$15M$15.5M$16M 202220232024 $14.8M $14M ▼ -5.7%
Total plan assets by year, all Flagship Converters, Inc. plans on file
Year Plans Participants Total Assets
2022 1 49 $15M
2023 1 50 $15M
2024 1 44 $14M

Nearby ESOP Plans in Connecticut

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

Flagship Converters, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Connecticut, assets vs. participants

Flagship Converters, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Connecticut, assets vs. participants Scatter plot of 6 data points. 0100200300400500600 -1000100200300400 Total assets ($M) Participants Flagship Converters,…Mott Corporation Emp…Sonalysts, Inc. Empl…Bl Companies, Inc. E…Eurpac Service, Inc.…Twin Mro Employee St…
Flagship Converters, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Connecticut, assets vs. participants

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Flagship Converters, Inc. Employee Stock Ownership Plan by total assets, not by location.

Frequently Asked Questions

How did Flagship Converters, Inc. Employee Stock Ownership Plan assets move in 2022?
Flagship Converters, Inc. Employee Stock Ownership Plan held essentially flat - up 0.3% during 2022, from $15M to $15M. Reported net income was $48K.
How have Flagship Converters, Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), Flagship Converters, Inc.'s sponsor-wide assets declined 5.8%, from $15M to $14M.
Which ESOP plans are similar in size to Flagship Converters, Inc. Employee Stock Ownership Plan?
Among ESOP plans in other states, the closest by assets is Martin Bros./Marcowall, Inc. Employee Stock Ownership Plan in CA ($15M, 98 participants).

Next read for Flagship Converters, Inc. Employee Stock…

Filing takeaways

Ways to act on Flagship Converters, Inc. Employee Stock Ownership Plan's numbers.

  • By total assets, Flagship Converters, Inc. Employee Stock Ownership Plan ranks above the median plan by assets. See the largest plans
  • Compare it side-by-side against 3 similar ESOP plans in Connecticut. Compare plans
  • Flagship Converters, Inc.'s sponsor-wide assets have declined 5.8% since 2022 across 3 plan years on file. More Manufacturing plans