ESOP · DOL Form 5500 · 2023

Bane-Welker, Inc. ESOP

Data updated 2026-08-25

$29M
Total assets Below avg plan size
434
Participants Below avg headcount
79th
Percentile by assets National rank
$67,372
Avg per participant Below avg balance/head
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Official DOL plan name: Bane-Welker Employee Stock Ownership Plan · Sponsored by Bane-Welker, Inc. · Indiana · Retail Trade

$29M in assets, 434 participants

Bane-Welker, Inc.'s Bane-Welker Employee Stock Ownership Plan reported $29M in total assets and 434 participants in its 2023 DOL Form 5500 filing, ranking in the 79th 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.

  • #7,351 in Retail Trade (8,414 peers)

Where Bane-Welker Employee Stock Ownership Plan sits by assets

Bane-Welker Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $29M for 434 participants (~$67,372/participant), down 21.8% in 2023.

#7,351
in Retail Trade (8,414 peers)
-21.8%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $8M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Bane-Welker Employee Stock Ownership Plan's outsized position by total assets

Bane-Welker Employee Stock Ownership Plan vs every filed plan by assets

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

$29,239,350 Top 21% higher than 79% 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

Bane-Welker Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bane-Welker Employee Stock Ownership Plan sits mid-pack in the medium band (434 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bane-Welker Employee Stock Ownership Plan reported net income fell from $19M in the plan year 2022 filing to -$8M in the plan year 2023 filing.
  • Bane-Welker Employee Stock Ownership Plan end-of-year assets fell from $37M in the plan year 2022 filing to $29M in the plan year 2023 filing.
  • Bane-Welker Employee Stock Ownership Plan reported participants rose from 388 in the plan year 2022 filing to 434 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 351182790 · Bane-Welker, Inc. PY 2023 · ESOP

Bane-Welker Employee Stock Ownership Plan · $29M · 434 · 79th

  • PHOTO $29M
  • IND 434
  • EOY 79th
  • 5500 ESOP
  • ASSETS near Weirton Geriatric Center, Inc. Employees' Stock Ownership Plan
  • PCT ind #7351

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 →

Bane-Welker Employee Stock Ownership Plan in the asset neighbourhood

Miller Enterprises, Inc. ESOP$29MBane-Welker Employee Stock Ownership PlanBane-Welker Employee Stock O…$29MWeirton Geriatric Center, Inc. Employees' Stock Ownership PlanWeirton Geriatric Center, In…$29MHonat Bancorp, Inc. Employee Stock Ownership Plan W/401(k) ProvisionsHonat Bancorp, Inc. Employee…$29MSilver Star Construction Company, Inc. Stock Bonus Employee Ownership Plan and TrustSilver Star Construction Com…$29M
End-of-year total assets ($M) among Bane-Welker Employee 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)$37M
Net Assets (End of Year)$28M
Net Income-$8M
Employer EIN351182790
Plan Effective Date2017-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bane-Welker, Inc.)

Sponsor-wide plan assets over time

All Bane-Welker, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$15M 61.14949680346342% vs 2022
2024 filing year
$10M$20M$30M$40M 202220232024 $37.4M $14.5M ▼ -61.2%
Year Plans Participants Total Assets
2022 1 388 $37M
2023 1 434 $29M
2024 1 446 $15M

Nearby ESOP Plans in Indiana

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

Bane-Welker Employee Stock Ownership Plan vs. nearby ESOP plans in Indiana, assets vs. participants Scatter plot of 6 data points. 01000200030004000 -0.500.511.522.5 Total assets ($B) Participants Bane-Welker Employee Stock Ownership Plan, Total assets ($B): 0.02923935 · Participants: 434Bane-Welker Employee 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
Bane-Welker Employee Stock Ownership Plan vs. nearby ESOP plans in Indiana, assets vs. participants
Compare Bane-Welker Employee Stock Ownership Plan side-by-side with 3 peers →

Bane-Welker Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Indiana, the nearest ESOP by assets is Weirton Geriatric Center, Inc. Employees' Stock Ownership Plan in WV ($29M); by covered participants it is Cleveland Steel Container Corporation Employee Stock Ownership Plan in OH (434 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (434 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 Bane-Welker Employee Stock Ownership Plan assets move in 2023? ▼
Bane-Welker Employee Stock Ownership Plan declined sharply - down 21.8% during 2023, from $37M to $29M. Reported net income was -$8M.
How have Bane-Welker, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bane-Welker, Inc.'s sponsor-wide assets declined 61.1%, from $37M to $15M.
Where does Bane-Welker Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Bane-Welker Employee Stock Ownership Plan ranks in the 79th 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 Bane-Welker Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Weirton Geriatric Center, Inc. Employees' Stock Ownership Plan in WV ($29M, 137 participants).
Which ESOP plans cover a similar participant headcount to Bane-Welker Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Cleveland Steel Container Corporation Employee Stock Ownership Plan in OH (434 participants, $452M 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 351182790.

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.