ESOP · DOL Form 5500 · 2023
Flagship Converters, Inc. ESOP
Data updated 2026-08-11
- $15M
- Total assets
- 50
- Participants
- 68th
- Percentile by assets
- $309,900
- Avg per participant
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.
- 68th percentile by assets (of 127,072 plans)
- #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.
- $15M
- total plan assets (2023 EOY)
- 50
- covered participants
- 68th
- percentile by assets (of 127,072 plans)
- $309,900
- avg assets per participant
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.
ESOP filing for Flagship Converters, Inc. Employee Stock Ownership Plan
ESOP filing for plan year 2023: EIN 061268526 ; effective since 2008-01-01 ; filing status FILING RECEIVED. Verify the certified figures on DOL EFAST2.
Filing particulars (2023)
| Total Assets (Beginning of Year) | $15M |
|---|---|
| Net Assets (End of Year) | $15M |
| Net Income | $655K |
| Employer EIN | 061268526 |
| Plan Effective Date | 2008-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Flagship Converters, Inc.)
| 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
- Mott Corporation Employee Stock Ownership Plan $360M · 269
- Sonalysts, Inc. Employee Stock Ownership Plan $125M · 418
- Bl Companies, Inc. Employee Stock Ownership Plan $113M · 323
- Eurpac Service, Inc. Employee Stock Ownership Plan $96M · 529
- Twin Mro Employee Stock Ownership Plan $83M · 93
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Flagship Converters, Inc. Employee Stock Ownership Plan by total assets, not by location.
Frequently Asked Questions
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Filing takeaways
Ways to act on Flagship Converters, Inc. Employee Stock Ownership Plan's numbers.
- By total assets, Flagship Converters, Inc. Employee Stock Ownership Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Connecticut. Compare plans
- Flagship Converters, Inc.'s sponsor-wide assets have declined 5.8% since 2022 across 3 plan years on file. More Manufacturing plans