ESOP · DOL Form 5500 · 2023

Underground Systems, Inc. ESOP

Data updated 2026-08-25

$21M
Total assets Small plan by assets
41
Participants Small participant base
74th
Percentile by assets National rank
$512,503
Avg per participant High balance/head
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Official DOL plan name: Underground Systems, Inc. Employee Stock Ownership Plan · Sponsored by Underground Systems, Inc. · Connecticut · Professional & Technical Services

$21M in assets, 41 participants

Underground Systems, Inc.'s Underground Systems, Inc. Employee Stock Ownership Plan reported $21M in total assets and 41 participants in its 2023 DOL Form 5500 filing, ranking in the 74th 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.

  • #14,938 in Professional & Technical Services (20,321 peers)

Underground Systems, Inc. multi-year trail

Underground Systems, Inc.'s plans moved +32.5% in assets from 2022 to 2024; this filing shows Underground Systems, Inc. Employee Stock Ownership Plan at $21M / 41 participants.

#14,938
in Professional & Technical Services (20,321 peers)
+11.1%
assets growth YoY

Underground Systems, Inc. Employee Stock Ownership Plan's outsized position by total assets

Underground Systems, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$21,012,604 Top 26% higher than 74% 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

Underground Systems, Inc. Employee 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. Underground Systems, Inc. Employee Stock Ownership Plan is a small filing (41 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Underground Systems, Inc. Employee Stock Ownership Plan reported net income fell from $3M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Underground Systems, Inc. Employee Stock Ownership Plan end-of-year assets rose from $19M in the plan year 2022 filing to $21M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 132837950 · Underground Systems, Inc. PY 2023 · ESOP

Underground Systems, Inc. Employee Stock Ownership Plan · $21M · 41 · 74th

  • PART $21M
  • TYPE 41
  • NET 74th
  • BOOK ESOP
  • VS-ST near Adman Electric, Inc. Employee Stock Ownership Plan
  • BOY ind #14938

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 Connecticut →

Underground Systems, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Synergi Employee Stock Ownership PlanSynergi Employee Stock Owner…$21MDas Employee Stock Ownership PlanDas Employee Stock Ownership…$21MAdman Electric, Inc. Employee Stock Ownership PlanAdman Electric, Inc. Employe…$21MUnderground Systems, Inc. Employee Stock Ownership PlanUnderground Systems, Inc. Em…$21MKretz Lumber Co., Inc. Employee Stock Ownership PlanKretz Lumber Co., Inc. Emplo…$21M
End-of-year total assets ($M) among Underground Systems, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Underground Systems, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Underground Systems, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$25M 32.52481377995783% vs 2022
2024 filing year
$18M$20M$22M$24M$26M 202220232024 $18.9M $25.1M ▲ +32.5%
Year Plans Participants Total Assets
2022 1 41 $19M
2023 1 41 $21M
2024 1 41 $25M

Underground Systems, Inc. filing trail (2023)

Total Assets (Beginning of Year)$19M
Net Assets (End of Year)$17M
Net Income$2M
Employer EIN132837950
Plan Effective Date2015-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Connecticut

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

Underground Systems, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Connecticut, assets vs. participants Scatter plot of 6 data points. 0200400600 0100200300400 Total assets ($M) Participants Underground Systems, Inc. Employee Stock Ownership Plan, Total assets ($M): 21.012604 · Participants: 41Underground Systems, Inc. Employee Stock Ownership PlanMott Corporation Employee Stock Ownership Plan, Total assets ($M): 360.458407 · Participants: 269Mott Corporation Employee Stock Ownership PlanSonalysts, Inc. Employee Stock Ownership Plan, Total assets ($M): 125.286205 · Participants: 418Sonalysts, Inc. Employee Stock Ownership PlanBl Companies, Inc. Employee Stock Ownership Plan, Total assets ($M): 113.226057 · Participants: 323Bl Companies, Inc. Employee Stock Ownership PlanEurpac Service, Inc. Employee Stock Ownership Plan, Total assets ($M): 96.349012 · Participants: 529Eurpac Service, Inc. Employee Stock Ownership PlanTwin Mro Employee Stock Ownership Plan, Total assets ($M): 82.993881 · Participants: 93Twin Mro Employee Stock Ownership Plan
Underground Systems, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Connecticut, assets vs. participants
Compare Underground Systems, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Underground Systems, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Connecticut, the nearest ESOP by assets is Adman Electric, Inc. Employee Stock Ownership Plan in TN ($21M); by covered participants it is Quantumdigital, Inc. Employee Stock Ownership Plan in TX (41 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (41 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 Underground Systems, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Underground Systems, Inc. Employee Stock Ownership Plan grew at a solid clip - up 11.1% during 2023, from $19M to $21M. Reported net income was $2M.
How have Underground Systems, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Underground Systems, Inc.'s sponsor-wide assets grew 32.5%, from $19M to $25M.
Which ESOP plans are similar in size to Underground Systems, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Adman Electric, Inc. Employee Stock Ownership Plan in TN ($21M, 32 participants).
Which ESOP plans cover a similar participant headcount to Underground Systems, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Quantumdigital, Inc. Employee Stock Ownership Plan in TX (41 participants, $2M 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 132837950.

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.