ESOP · DOL Form 5500 · 2023

Phipps, Inc ESOP

Data updated 2026-08-25

$8M
Total assets Small plan by assets
4
Participants Small participant base
55th
Percentile by assets National rank
$2.1M
Avg per participant High balance/head
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Official DOL plan name: Phipps Inc Employee Stock Ownership Plan · Sponsored by Phipps, Inc · Iowa · Agriculture, Forestry & Fishing

$8M in assets, 4 participants

Phipps, Inc's Phipps Inc Employee Stock Ownership Plan reported $8M in total assets and 4 participants in its 2023 DOL Form 5500 filing, ranking in the 55th 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.

  • #757 in Agriculture, Forestry & Fishing (1,288 peers)

What the 2023 filing shows

Phipps Inc Employee Stock Ownership Plan holds $8M for 4 participants - about $2.1M per participant, above the median plan by assets.

#757
in Agriculture, Forestry & Fishing (1,288 peers)
-2.1%
assets change YoY

The plan reported a net loss of $178K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Phipps Inc Employee Stock Ownership Plan's mid-pack asset rank among Agriculture, Forestry & Fishing and all filers

Phipps Inc Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$8,358,804 Top 45% higher than 55% of 127,068 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 2023

Phipps Inc Employee Stock Ownership Plan among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Phipps Inc Employee Stock Ownership Plan is a micro filing (4 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Phipps Inc Employee Stock Ownership Plan reported net income fell from $2M in the plan year 2022 filing to -$178K in the plan year 2023 filing.
  • Phipps Inc Employee Stock Ownership Plan end-of-year assets fell from $9M in the plan year 2022 filing to $8M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 421362639 · Phipps, Inc PY 2023 · ESOP

Phipps Inc Employee Stock Ownership Plan · $8M · 4 · 55th

  • VS-ST $8M
  • BOY 4
  • SCH 55th
  • EBSA ESOP
  • PART near Sunwest Supply, Inc. Employee Stock Ownership Plan
  • TYPE ind #757

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 Iowa →

Phipps Inc Employee Stock Ownership Plan in the asset neighbourhood

Phipps Inc Employee Stock Ownership PlanPhipps Inc Employee Stock Ow…$8MSunwest Supply, Inc. Employee Stock Ownership PlanSunwest Supply, Inc. Employe…$8MGeneral Networks Corporation Employees' Stock Ownership PlanGeneral Networks Corporation…$8MHossley Holdings, Inc. Employees' Stock Ownership PlanHossley Holdings, Inc. Emplo…$8MHossley Holdings, Inc. Employees' Stock Ownership PlanHossley Holdings, Inc. Emplo…$8M
End-of-year total assets ($M) among Phipps Inc Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Filing particulars (2023)

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$8M
Net Income-$178K
Employer EIN421362639
Plan Effective Date1991-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Phipps, Inc)

Sponsor-wide plan assets over time

All Phipps, Inc plans reported in each filing year

Latest sponsor-wide plan assets
$8M 6.034770045569546% vs 2022
2024 filing year
$7.8M$8M$8.2M$8.4M$8.6M 202220232024 $8.54M $8.02M ▼ -6.1%
Year Plans Participants Total Assets
2022 1 4 $9M
2023 1 4 $8M
2024 1 4 $8M

Nearby ESOP Plans in Iowa

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

Phipps Inc Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants Scatter plot of 6 data points. -500050010001500 -20002004006008001000 Total assets ($M) Participants Phipps Inc Employee Stock Ownership Plan, Total assets ($M): 8.358804 · Participants: 4Phipps Inc Employee Stock Ownership PlanEmployee Owned Brands, Inc. Employee Stock Ownership Plan, Total assets ($M): 863.986659 · Participants: 802Employee Owned Brands, Inc. Employee Stock Ownership PlanVan Meter Industrial, Inc. Employee Stock Ownership Plan, Total assets ($M): 596.09835 · Participants: 801Van Meter Industrial, Inc. Employee Stock Ownership PlanPrecision, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 438.062674 · Participants: 667Precision, Inc. Employee Stock Ownership Plan and TrustIta Group Holdings, Inc. Employees' Stock Ownership Plan, Total assets ($M): 427.790025 · Participants: 771Ita Group Holdings, Inc. Employees' Stock Ownership PlanVgm Group, Inc. Employee Stock Ownership Plan, Total assets ($M): 405.931426 · Participants: 1070Vgm Group, Inc. Employee Stock Ownership Plan
Phipps Inc Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants
Compare Phipps Inc Employee Stock Ownership Plan side-by-side with 3 peers →

Phipps Inc Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Iowa, the nearest ESOP by assets is Sunwest Supply, Inc. Employee Stock Ownership Plan in AZ ($8M); by covered participants it is Martingale & Company Employee Stock Ownership Plan in WA (4 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (4 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Phipps Inc Employee Stock Ownership Plan assets move in 2023? ▼
Phipps Inc Employee Stock Ownership Plan edged down modestly - down 2.1% during 2023, from $9M to $8M. Reported net income was -$178K.
How have Phipps, Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Phipps, Inc's sponsor-wide assets declined 6.0%, from $9M to $8M.
Which ESOP plans are similar in size to Phipps Inc Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Sunwest Supply, Inc. Employee Stock Ownership Plan in AZ ($8M, 36 participants).
Which ESOP plans cover a similar participant headcount to Phipps Inc Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Martingale & Company Employee Stock Ownership Plan in WA (4 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 421362639.

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.