ESOP · DOL Form 5500 · 2023

Xfmrs, Inc. ESOP

Data updated 2026-08-25

$47M
Total assets Below avg plan size
33
Participants Small participant base
85th
Percentile by assets National rank
$1.4M
Avg per participant High balance/head
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Official DOL plan name: Xfmrs, Inc. Employees' Stock Ownership Plan · Sponsored by Xfmrs, Inc. · Indiana · Manufacturing

$47M in assets, 33 participants

Xfmrs, Inc.'s Xfmrs, Inc. Employees' Stock Ownership Plan reported $47M in total assets and 33 participants in its 2023 DOL Form 5500 filing, ranking in the 85th 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.

  • #14,639 in Manufacturing (18,722 peers)

Where Xfmrs, Inc. Employees' Stock Ownership Plan sits by assets

Xfmrs, Inc. Employees' Stock Ownership Plan sits in the top quartile of all filed plans by assets, $47M for 33 participants (~$1.4M/participant), down 6.7% in 2023.

#14,639
in Manufacturing (18,722 peers)
-6.7%
assets change YoY
0.5×
vs typical plan assets (national mean)

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Xfmrs, Inc. Employees' Stock Ownership Plan's outsized position by total assets

Xfmrs, Inc. Employees' Stock Ownership Plan vs every filed plan by assets

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

$46,955,620 Top 15% higher than 85% 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

Xfmrs, Inc. Employees' Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Xfmrs, Inc. Employees' Stock Ownership Plan is a small filing (33 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Xfmrs, Inc. Employees' Stock Ownership Plan reported net income fell from $15M in the plan year 2022 filing to -$3M in the plan year 2023 filing.
  • Xfmrs, Inc. Employees' Stock Ownership Plan end-of-year assets fell from $50M in the plan year 2022 filing to $47M in the plan year 2023 filing.
  • Xfmrs, Inc. Employees' Stock Ownership Plan reported participants fell from 34 in the plan year 2022 filing to 33 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 351865843 · Xfmrs, Inc. PY 2023 · ESOP

Xfmrs, Inc. Employees' Stock Ownership Plan · $47M · 33 · 85th

  • PCT $47M
  • PCT 33
  • PCT 85th
  • PCT ESOP
  • PCT near Employee Stock Ownership Plan and Trust of Standard Motor Products, Inc.
  • PCT ind #14639

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 Indiana →

Xfmrs, Inc. Employees' Stock Ownership Plan in the asset neighbourhood

Integration Innovation, Inc. Employee Stock Ownership PlanIntegration Innovation, Inc.…$47MAssurance Mfg Co. Inc. Employee Stock Ownership Plan and TrustAssurance Mfg Co. Inc. Emplo…$47MEmployee Stock Ownership Plan and Trust of Standard Motor Products, Inc.Employee Stock Ownership Pla…$47MXfmrs, Inc. Employees' Stock Ownership PlanXfmrs, Inc. Employees' Stock…$47MTmf Group Holdings, Inc. Employee Stock Ownership PlanTmf Group Holdings, Inc. Emp…$47M
End-of-year total assets ($M) among Xfmrs, Inc. Employees' Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$50M
Net Assets (End of Year)$43M
Net Income-$3M
Employer EIN351865843
Plan Effective Date2004-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Xfmrs, Inc.)

Sponsor-wide plan assets over time

All Xfmrs, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$26M 47.71701043746708% vs 2022
2024 filing year
$20M$30M$40M$50M$60M 202220232024 $50.3M $26.3M ▼ -47.7%
Year Plans Participants Total Assets
2022 1 34 $50M
2023 1 33 $47M
2024 1 36 $26M

Nearby ESOP Plans in Indiana

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

Xfmrs, Inc. Employees' Stock Ownership Plan vs. nearby ESOP plans in Indiana, assets vs. participants Scatter plot of 6 data points. -100001000200030004000 -0.500.511.522.5 Total assets ($B) Participants Xfmrs, Inc. Employees' Stock Ownership Plan, Total assets ($B): 0.04695562 · Participants: 33Xfmrs, Inc. Employees' Stock Ownership PlanJasper Holdings, Inc Employee Stock Ownership Plan and Trust, Total assets ($B): 1.921766853 · Participants: 3535Jasper Holdings, Inc Employee Stock Ownership Plan and TrustUrschel Laboratories Employee Stock Ownership Plan, Total assets ($B): 0.36648086 · Participants: 487Urschel Laboratories Employee Stock Ownership PlanNibco Inc. Employee Stock Ownership Plan, Total assets ($B): 0.364505967 · Participants: 1242Nibco Inc. Employee Stock Ownership PlanSuperior Industrial Solutions, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.138902309 · Participants: 363Superior Industrial Solutions, Inc. Employee Stock Ownership PlanDucharme, Mcmillen & Associates, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.135390454 · Participants: 558Ducharme, Mcmillen & Associates, Inc. Employee Stock Ownership Plan
Xfmrs, Inc. Employees' Stock Ownership Plan vs. nearby ESOP plans in Indiana, assets vs. participants
Compare Xfmrs, Inc. Employees' Stock Ownership Plan side-by-side with 3 peers →

Xfmrs, Inc. Employees' Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Indiana, the nearest ESOP by assets is Employee Stock Ownership Plan and Trust of Standard Motor Products, Inc. in NY ($47M); by covered participants it is Comgraphics, Inc. Employee Stock Ownership Plan in IL (33 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (33 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 Xfmrs, Inc. Employees' Stock Ownership Plan assets move in 2023? ▼
Xfmrs, Inc. Employees' Stock Ownership Plan pulled back noticeably - down 6.7% during 2023, from $50M to $47M. Reported net income was -$3M.
How have Xfmrs, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Xfmrs, Inc.'s sponsor-wide assets declined 47.7%, from $50M to $26M.
Where does Xfmrs, Inc. Employees' Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Xfmrs, Inc. Employees' Stock Ownership Plan ranks in the 85th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Xfmrs, Inc. Employees' Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Employee Stock Ownership Plan and Trust of Standard Motor Products, Inc. in NY ($47M, 1,758 participants).
Which ESOP plans cover a similar participant headcount to Xfmrs, Inc. Employees' Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Comgraphics, Inc. Employee Stock Ownership Plan in IL (33 participants, $10M 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 351865843.

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.