ESOP · DOL Form 5500 · 2022

Thermoflex Corporation ESOP

Data updated 2026-08-25

$45M
Total assets Below avg plan size
407
Participants Below avg headcount
87th
Percentile by assets National rank
$111,339
Avg per participant Below avg balance/head
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Official DOL plan name: Thermoflex Corp. Employee Stock Ownership Plan · Sponsored by Thermoflex Corporation · Illinois · Manufacturing

$45M in assets, 407 participants

Thermoflex Corporation's Thermoflex Corp. Employee Stock Ownership Plan reported $45M in total assets and 407 participants in its 2022 DOL Form 5500 filing, ranking in the 87th 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.

  • #16,738 in Manufacturing (20,602 peers)

Where Thermoflex Corp. Employee Stock Ownership Plan sits by assets

Thermoflex Corp. Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $45M for 407 participants (~$111,339/participant), down 57.4% in 2022.

#16,738
in Manufacturing (20,602 peers)
-57.4%
assets change YoY
0.5×
vs typical plan assets (national mean)

The plan reported a net loss of $60M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Thermoflex Corp. Employee Stock Ownership Plan's outsized position by total assets

Thermoflex Corp. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$45,315,094 Top 13% higher than 87% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Thermoflex Corp. Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Thermoflex Corp. Employee Stock Ownership Plan sits mid-pack in the medium band (407 participants).

EBSA filing schedule strip

Filing strip 363734832 · Thermoflex Corporation PY 2022 · ESOP

Thermoflex Corp. Employee Stock Ownership Plan · $45M · 407 · 87th

  • IND $45M
  • IND 407
  • IND 87th
  • IND ESOP
  • IND near Lerch Bates Inc. Employee Stock Ownership Plan and Trust
  • IND ind #16738

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with What is an ESOP? → · Plans in Illinois →

Thermoflex Corp. Employee Stock Ownership Plan in the asset neighbourhood

Western State Agency, Inc. Employee Stock Ownership Plan and TrustWestern State Agency, Inc. E…$45MMjw Consolidated, Inc. Employee Stock Ownership PlanMjw Consolidated, Inc. Emplo…$45MThermoflex Corp. Employee Stock Ownership PlanThermoflex Corp. Employee St…$45MLerch Bates Inc. Employee Stock Ownership Plan and TrustLerch Bates Inc. Employee St…$45MAllied Exhaust Systems, Inc. Employee Stock Ownership PlanAllied Exhaust Systems, Inc.…$45M
End-of-year total assets ($M) among Thermoflex Corp. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$106M
Net Assets (End of Year)$35M
Net Income-$60M
Employer EIN363734832
Plan Effective Date2013-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Thermoflex Corporation)

Sponsor-wide plan assets over time

All Thermoflex Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$112M 116.41932302225007% vs 2022
2024 filing year
$40M$60M$80M$100M$120M$140M 202220232024 $51.7M $112M ▲ +116.4%
Year Plans Participants Total Assets
2022 2 1,103 $52M
2023 2 1,105 $118M
2024 2 1,246 $112M

Nearby ESOP Plans in Illinois

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

Thermoflex Corp. Employee Stock Ownership Plan vs. nearby ESOP plans in Illinois, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -101234 Total assets ($B) Participants Thermoflex Corp. Employee Stock Ownership Plan, Total assets ($B): 0.045315094 · Participants: 407Thermoflex Corp. Employee Stock Ownership PlanAmsted Industries Incorporated Employees' Stock Ownership Plan, Total assets ($B): 3.751765578 · Participants: 4361Amsted Industries Incorporated Employees' Stock Ownership PlanOri 401(k) Savings and Profit Sharing Plan, Total assets ($B): 1.70457972 · Participants: 10023Ori 401(k) Savings and Profit Sharing PlanKehe Distributors, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.163229548 · Participants: 3905Kehe Distributors, Inc. Employee Stock Ownership PlanScot Forge Company Employee Stock Ownership Plan, Total assets ($B): 0.970067277 · Participants: 495Scot Forge Company Employee Stock Ownership PlanRli Corp. Employee Stock Ownership Plan, Total assets ($B): 0.341695997 · Participants: 826Rli Corp. Employee Stock Ownership Plan
Thermoflex Corp. Employee Stock Ownership Plan vs. nearby ESOP plans in Illinois, assets vs. participants
Compare Thermoflex Corp. Employee Stock Ownership Plan side-by-side with 3 peers →

Thermoflex Corp. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Illinois, the nearest ESOP by assets is Lerch Bates Inc. Employee Stock Ownership Plan and Trust in CO ($45M); by covered participants it is Cleveland Steel Container Corporation Employee Stock Ownership Plan in OH (407 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (407 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Thermoflex Corp. Employee Stock Ownership Plan assets move in 2022? ▼
Thermoflex Corp. Employee Stock Ownership Plan contracted severely - down 57.4% during 2022, from $106M to $45M. Reported net income was -$60M.
How have Thermoflex Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Thermoflex Corporation's sponsor-wide assets grew 116.4%, from $52M to $112M.
Where does Thermoflex Corp. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Thermoflex Corp. Employee Stock Ownership Plan ranks in the 87th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Thermoflex Corp. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Lerch Bates Inc. Employee Stock Ownership Plan and Trust in CO ($45M, 290 participants).
Which ESOP plans cover a similar participant headcount to Thermoflex Corp. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Cleveland Steel Container Corporation Employee Stock Ownership Plan in OH (407 participants, $445M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 363734832.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.