ESOP · DOL Form 5500 · 2023

Flagship Converters, Inc. ESOP

Data updated 2026-08-25

$15M
Total assets Small plan by assets
50
Participants Small participant base
68th
Percentile by assets National rank
$309,900
Avg per participant High balance/head
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Official DOL plan name: Flagship Converters, Inc. Employee Stock Ownership Plan · Sponsored by Flagship Converters, Inc. · Connecticut · Manufacturing

$15M in assets, 50 participants

Flagship Converters, Inc.'s Flagship Converters, Inc. Employee Stock Ownership Plan reported $15M in total assets and 50 participants in its 2023 DOL Form 5500 filing, ranking in the 68th 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.

  • #10,563 in Manufacturing (18,722 peers)

What the 2023 filing shows

Flagship Converters, Inc. Employee Stock Ownership Plan holds $15M for 50 participants - about $309,900 per participant, above the median plan by assets.

#10,563
in Manufacturing (18,722 peers)
+4.4%
assets growth YoY

Flagship Converters, Inc. Employee Stock Ownership Plan's outsized position by total assets

Flagship Converters, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$15,495,000 Top 32% higher than 68% 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

Flagship Converters, 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. Flagship Converters, Inc. Employee Stock Ownership Plan is a small filing (50 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Flagship Converters, Inc. Employee Stock Ownership Plan reported net income rose from $48K in the plan year 2022 filing to $655K in the plan year 2023 filing.
  • Flagship Converters, Inc. Employee Stock Ownership Plan end-of-year assets rose from $15M in the plan year 2022 filing to $15M in the plan year 2023 filing.
  • Flagship Converters, Inc. Employee Stock Ownership Plan reported participants rose from 49 in the plan year 2022 filing to 50 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 061268526 · Flagship Converters, Inc. PY 2023 · ESOP

Flagship Converters, Inc. Employee Stock Ownership Plan · $15M · 50 · 68th

  • SCH $15M
  • EBSA 50
  • PART 68th
  • TYPE ESOP
  • NET near Alaska Rent-a-Car, Inc. Employee Stock Ownership Plan
  • BOOK ind #10563

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 →

Flagship Converters, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Corpus Christi Electric Co., Inc. Employee Stock Ownership PlanCorpus Christi Electric Co.,…$16MFlagship Converters, Inc. Employee Stock Ownership PlanFlagship Converters, Inc. Em…$15MAlaska Rent-a-Car, Inc. Employee Stock Ownership PlanAlaska Rent-a-Car, Inc. Empl…$15MWebb Landscape, Inc. Employee Stock Ownership PlanWebb Landscape, Inc. Employe…$15MAmusement Group Holdings, Inc. ESOPAmusement Group Holdings, In…$15M
End-of-year total assets ($M) among Flagship Converters, 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)$15M
Net Assets (End of Year)$15M
Net Income$655K
Employer EIN061268526
Plan Effective Date2008-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Flagship Converters, Inc.)

Sponsor-wide plan assets over time

All Flagship Converters, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$14M 5.761455525606469% vs 2022
2024 filing year
$13.5M$14M$14.5M$15M$15.5M$16M 202220232024 $14.8M $14M ▼ -5.7%
Year Plans Participants Total Assets
2022 1 49 $15M
2023 1 50 $15M
2024 1 44 $14M

Nearby ESOP Plans in Connecticut

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

Flagship Converters, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Connecticut, assets vs. participants Scatter plot of 6 data points. 0200400600 -1000100200300400 Total assets ($M) Participants Flagship Converters, Inc. Employee Stock Ownership Plan, Total assets ($M): 15.495 · Participants: 50Flagship Converters, 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
Flagship Converters, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Connecticut, assets vs. participants
Compare Flagship Converters, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Connecticut, the nearest ESOP by assets is Alaska Rent-a-Car, Inc. Employee Stock Ownership Plan in AK ($15M); by covered participants it is Tc Federal Bank Employee Stock Ownership Plan in GA (50 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (50 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 Flagship Converters, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Flagship Converters, Inc. Employee Stock Ownership Plan edged up modestly - up 4.4% during 2023, from $15M to $15M. Reported net income was $655K.
How have Flagship Converters, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Flagship Converters, Inc.'s sponsor-wide assets declined 5.8%, from $15M to $14M.
Which ESOP plans are similar in size to Flagship Converters, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Alaska Rent-a-Car, Inc. Employee Stock Ownership Plan in AK ($15M, 137 participants).
Which ESOP plans cover a similar participant headcount to Flagship Converters, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Tc Federal Bank Employee Stock Ownership Plan in GA (50 participants, $5M 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 061268526.

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.