ESOP · DOL Form 5500 · 2023

Newwave Technologies Inc. ESOP

Data updated 2026-08-25

$11M
Total assets Small plan by assets
40
Participants Small participant base
60th
Percentile by assets National rank
$266,470
Avg per participant High balance/head
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Official DOL plan name: Newwave Technologies, Inc. Employee Stock Ownership Plan · Sponsored by Newwave Technologies Inc. · Maryland · Wholesale Trade

$11M in assets, 40 participants

Newwave Technologies Inc.'s Newwave Technologies, Inc. Employee Stock Ownership Plan reported $11M in total assets and 40 participants in its 2023 DOL Form 5500 filing, ranking in the 60th 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.

  • #3,305 in Wholesale Trade (6,309 peers)

Newwave Technologies Inc. multi-year trail

Newwave Technologies Inc.'s plans moved +26.9% in assets from 2022 to 2024; this filing shows Newwave Technologies, Inc. Employee Stock Ownership Plan at $11M / 40 participants.

#3,305
in Wholesale Trade (6,309 peers)
+9.8%
assets growth YoY

Newwave Technologies, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Wholesale Trade and all filers

Newwave Technologies, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$10,658,816 Top 40% higher than 60% 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

Newwave Technologies, 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. Newwave Technologies, Inc. Employee Stock Ownership Plan is a small filing (40 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Newwave Technologies, Inc. Employee Stock Ownership Plan reported net income rose from $129K in the plan year 2022 filing to $977K in the plan year 2023 filing.
  • Newwave Technologies, Inc. Employee Stock Ownership Plan end-of-year assets rose from $10M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • Newwave Technologies, Inc. Employee Stock Ownership Plan reported participants fell from 42 in the plan year 2022 filing to 40 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 521777455 · Newwave Technologies Inc. PY 2023 · ESOP

Newwave Technologies, Inc. Employee Stock Ownership Plan · $11M · 40 · 60th

  • IND $11M
  • IND 40
  • IND 60th
  • IND ESOP
  • IND near Traditions Bancshares, Inc. Employee Stock Ownership Plan
  • IND ind #3305

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 Maryland →

Newwave Technologies, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Miller/Howard Investments, Inc. Employee Stock Ownership PlanMiller/Howard Investments, I…$11MNewwave Technologies, Inc. Employee Stock Ownership PlanNewwave Technologies, Inc. E…$11MTraditions Bancshares, Inc. Employee Stock Ownership PlanTraditions Bancshares, Inc. …$11MCullman Savings Bank Employee Stock Ownership PlanCullman Savings Bank Employe…$11MPodmore Manufacturing, Inc. Employee Stock Ownership PlanPodmore Manufacturing, Inc. …$11M
End-of-year total assets ($M) among Newwave Technologies, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Newwave Technologies Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Newwave Technologies Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$12M 26.89931179751273% vs 2022
2024 filing year
$9M$10M$11M$12M$13M 202220232024 $9.71M $12.3M ▲ +26.9%
Year Plans Participants Total Assets
2022 1 42 $10M
2023 1 40 $11M
2024 1 36 $12M

Newwave Technologies Inc. filing trail (2023)

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$11M
Net Income$977K
Employer EIN521777455
Plan Effective Date2012-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Maryland

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

Newwave Technologies, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Maryland, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -0.500.511.5 Total assets ($B) Participants Newwave Technologies, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.010658816 · Participants: 40Newwave Technologies, Inc. Employee Stock Ownership PlanEvapco, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.118445961 · Participants: 1617Evapco, Inc. Employee Stock Ownership PlanWestat, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.406851042 · Participants: 3046Westat, Inc. Employee Stock Ownership PlanKci Technologies, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.335744983 · Participants: 1793Kci Technologies, Inc. Employee Stock Ownership PlanBrown Capital Management ESOP, Total assets ($B): 0.320387257 · Participants: 35Brown Capital Management ESOPLockheed Martin Corporation Capital Accumulation Plan, Total assets ($B): 0.267392826 · Participants: 5839Lockheed Martin Corporation Capital Accumulation Plan
Newwave Technologies, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Maryland, assets vs. participants
Compare Newwave Technologies, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Maryland, the nearest ESOP by assets is Traditions Bancshares, Inc. Employee Stock Ownership Plan in AL ($11M); by covered participants it is Churchville Fire Equipment Corp. Employee Stock Ownership Plan in NY (40 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (40 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 Newwave Technologies, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Newwave Technologies, Inc. Employee Stock Ownership Plan grew at a solid clip - up 9.8% during 2023, from $10M to $11M. Reported net income was $977K.
How have Newwave Technologies Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Newwave Technologies Inc.'s sponsor-wide assets grew 26.9%, from $10M to $12M.
Which ESOP plans are similar in size to Newwave Technologies, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Traditions Bancshares, Inc. Employee Stock Ownership Plan in AL ($11M, 75 participants).
Which ESOP plans cover a similar participant headcount to Newwave Technologies, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Churchville Fire Equipment Corp. Employee Stock Ownership Plan in NY (40 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 521777455.

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.