ESOP · DOL Form 5500 · 2023

Manar, Inc ESOP

Data updated 2026-08-25

$19M
Total assets Small plan by assets
516
Participants Below avg headcount
72nd
Percentile by assets National rank
$36,706
Avg per participant Low balance/head
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Official DOL plan name: Manar Employee Stock Ownership Plan · Sponsored by Manar, Inc · Indiana · Manufacturing

$19M in assets, 516 participants

Manar, Inc's Manar Employee Stock Ownership Plan reported $19M in total assets and 516 participants in its 2023 DOL Form 5500 filing, ranking in the 72nd 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.

  • #11,460 in Manufacturing (18,722 peers)

Manar, Inc multi-year trail

Manar, Inc's plans moved +61.4% in assets from 2022 to 2024; this filing shows Manar Employee Stock Ownership Plan at $19M / 516 participants.

#11,460
in Manufacturing (18,722 peers)
+11.4%
assets growth YoY

Manar Employee Stock Ownership Plan's outsized position by total assets

Manar Employee Stock Ownership Plan vs every filed plan by assets

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

$18,940,187 Top 28% higher than 72% 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

Manar 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. Manar Employee Stock Ownership Plan sits mid-pack in the medium band (516 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Manar Employee Stock Ownership Plan reported net income fell from $5M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Manar Employee Stock Ownership Plan end-of-year assets rose from $17M in the plan year 2022 filing to $19M in the plan year 2023 filing.
  • Manar Employee Stock Ownership Plan reported participants fell from 555 in the plan year 2022 filing to 516 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 351320960 · Manar, Inc PY 2023 · ESOP

Manar Employee Stock Ownership Plan · $19M · 516 · 72nd

  • ASSETS $19M
  • ASSETS 516
  • ASSETS 72nd
  • ASSETS ESOP
  • ASSETS near M.B. Herzog Electric, Inc. Employee Stock Ownership Plan
  • ASSETS ind #11460

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 →

Manar Employee Stock Ownership Plan in the asset neighbourhood

Mathtech Holding Corp. & Affiliates Employee Stock Ownership Plan and TrustMathtech Holding Corp. & Aff…$19MM.B. Herzog Electric, Inc. Employee Stock Ownership PlanM.B. Herzog Electric, Inc. E…$19MManar Employee Stock Ownership PlanManar Employee Stock Ownersh…$19MTbm Consulting Group, Inc. Employee Stock Ownership PlanTbm Consulting Group, Inc. E…$19MEnergy Control Technologies, Inc. Employee Stock Ownership PlanEnergy Control Technologies,…$19M
End-of-year total assets ($M) among Manar Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Manar, Inc multi-year asset trail

Sponsor-wide plan assets over time

All Manar, Inc plans reported in each filing year

Latest sponsor-wide plan assets
$37M 61.44642387722564% vs 2022
2024 filing year
$20M$25M$30M$35M$40M 202220232024 $22.7M $36.7M ▲ +61.5%
Year Plans Participants Total Assets
2022 2 853 $23M
2023 2 794 $26M
2024 2 703 $37M

Manar, Inc filing trail (2023)

Total Assets (Beginning of Year)$17M
Net Assets (End of Year)$19M
Net Income$2M
Employer EIN351320960
Plan Effective Date2016-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Indiana

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

Manar 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 ($B) Participants Manar Employee Stock Ownership Plan, Total assets ($B): 0.018940187 · Participants: 516Manar 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
Manar Employee Stock Ownership Plan vs. nearby ESOP plans in Indiana, assets vs. participants
Compare Manar Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Indiana, the nearest ESOP by assets is M.B. Herzog Electric, Inc. Employee Stock Ownership Plan in CA ($19M); by covered participants it is Huitt-Zollars, Inc. Employee Stock Ownership Plan in TX (514 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (516 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 Manar Employee Stock Ownership Plan assets move in 2023? ▼
Manar Employee Stock Ownership Plan grew at a solid clip - up 11.4% during 2023, from $17M to $19M. Reported net income was $2M.
How have Manar, Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Manar, Inc's sponsor-wide assets grew 61.4%, from $23M to $37M.
Which ESOP plans are similar in size to Manar Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is M.B. Herzog Electric, Inc. Employee Stock Ownership Plan in CA ($19M, 33 participants).
Which ESOP plans cover a similar participant headcount to Manar Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Huitt-Zollars, Inc. Employee Stock Ownership Plan in TX (514 participants, $96M 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 351320960.

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.