ESOP · DOL Form 5500 · 2023
Bane-Welker, Inc. ESOP
Data updated 2026-08-11
- $29M
- Total assets
- 434
- Participants
- 79th
- Percentile by assets
- $67,372
- Avg per participant
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.
- 79th percentile by assets (of 127,072 plans)
- #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.
- $29M
- total plan assets (2023 EOY)
- 434
- covered participants
- 79th
- percentile by assets (of 127,072 plans)
- $67,372
- avg assets per participant
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.
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.
Bane-Welker Employee Stock Ownership Plan vs the 2023 asset distribution
By assets, Bane-Welker Employee Stock Ownership Plan outranks 79% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.3x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $37M |
|---|---|
| Net Assets (End of Year) | $28M |
| Net Income | -$8M |
| Employer EIN | 351182790 |
| Plan Effective Date | 2017-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Bane-Welker, Inc.)
| 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
- Jasper Holdings, Inc Employee Stock Ownership Plan and Trust $1.9B · 3,535
- Urschel Laboratories Employee Stock Ownership Plan $366M · 487
- Nibco Inc. Employee Stock Ownership Plan $365M · 1,242
- Superior Industrial Solutions, Inc. Employee Stock Ownership Plan $139M · 363
- Ducharme, Mcmillen & Associates, Inc. Employee Stock Ownership Plan $135M · 558
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Bane-Welker Employee Stock Ownership Plan by total assets, not by location.
- Weirton Geriatric Center, Inc. Employees' Stock Ownership Plan (WV) $29M · 137
- Honat Bancorp, Inc. Employee Stock Ownership Plan W/401(k) Provisions (PA) $29M · 153
- Silver Star Construction Company, Inc. Stock Bonus Employee Ownership Plan and Trust (OK) $29M · 142
- Miller Enterprises, Inc. ESOP (ND) $29M · 351
Frequently Asked Questions
How did Bane-Welker Employee Stock Ownership Plan assets move in 2023? ▼
How have Bane-Welker, Inc. plan assets changed over time? ▼
Where does Bane-Welker Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Which ESOP plans are similar in size to Bane-Welker Employee Stock Ownership Plan? ▼
Next read for Bane-Welker Employee Stock Ownership Pla…
Scale reading
Ways to act on Bane-Welker Employee Stock Ownership Plan's numbers.
- By total assets, Bane-Welker Employee Stock Ownership Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Indiana. Compare plans
- Bane-Welker, Inc.'s sponsor-wide assets have declined 61.1% since 2022 across 3 plan years on file. More Retail Trade plans