ESOP · DOL Form 5500 · 2022
Thielsch Engineering, Inc. ESOP
Data updated 2026-08-11
- $58M
- Total assets
- 481
- Participants
- 89th
- Percentile by assets
- $120,540
- Avg per participant
Official DOL plan name: Thielsch Engineering, Inc. Employee Stock Ownership Plan · Sponsored by Thielsch Engineering, Inc. · Rhode Island · Professional & Technical Services
$58M in assets, 481 participants
Thielsch Engineering, Inc.'s Thielsch Engineering, Inc. Employee Stock Ownership Plan reported $58M in total assets and 481 participants in its 2022 DOL Form 5500 filing, ranking in the 89th 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.
- 89th percentile by assets (of 139,126 plans)
- #19,469 in Professional & Technical Services (21,562 peers)
Coverage in Rhode Island
Thielsch Engineering, Inc. Employee Stock Ownership Plan covers 481 participants in Rhode Island, about 33% of the average Rhode Island filer (state average ~1,449 per filing). Assets: $58M.
- $58M
- total plan assets (2022 EOY)
- 481
- covered participants
- 89th
- percentile by assets (of 139,126 plans)
- $120,540
- avg assets per participant
The plan reported a net loss of $7M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Rhode Island filers
In Rhode Island, the average filing covers about 1,449 participants across 434 plans. Thielsch Engineering, Inc. Employee Stock Ownership Plan reports 481 participants - about 33% of that state average ($58M EOY assets).
Rhode Island filing particulars
| Total Assets (Beginning of Year) | $66M |
|---|---|
| Net Assets (End of Year) | $58M |
| Net Income | -$7M |
| Employer EIN | 050405629 |
| Plan Effective Date | 2008-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Thielsch Engineering, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 991 | $112M |
| 2023 | 2 | 982 | $129M |
| 2024 | 2 | 1,054 | $133M |
Nearby ESOP Plans in Rhode Island
Peer ESOP plans, same state, same plan type, ranked by total assets.
Thielsch Engineering, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Rhode Island, assets vs. participants
- The Bank of America Transferred Savings Account Plan $1.0B · 5,057
- Century Drywall, Inc. Employee Stock Ownership Plan $65M · 43
- Newport Harbor Corporation Employee Stock Ownership Plan $53M · 1,057
- Beta Group, Inc. Employee Stock Ownership Plan $18M · 166
- Marine Acoustics, Inc. Employee Stock Ownership Plan $4M · 40
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Thielsch Engineering, Inc. Employee Stock Ownership Plan by total assets, not by location.
Frequently Asked Questions
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Filing takeaways
Ways to act on Thielsch Engineering, Inc. Employee Stock Ownership Plan's numbers.
- By total assets, Thielsch Engineering, Inc. Employee Stock Ownership Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Rhode Island. Compare plans
- Thielsch Engineering, Inc.'s sponsor-wide assets have grown 19.3% since 2022 across 3 plan years on file. More Professional & Technical Services plans