ESOP · DOL Form 5500 · 2023
Newport Industries, Inc. ESOP
Data updated 2026-08-11
- $63M
- Total assets
- 125
- Participants
- 88th
- Percentile by assets
- $503,142
- Avg per participant
Official DOL plan name: The Kelso-Burnett Co. Employee Stock Ownership Plan · Sponsored by Newport Industries, Inc. · Illinois · Construction
$63M in assets, 125 participants
Newport Industries, Inc.'s The Kelso-Burnett Co. Employee Stock Ownership Plan reported $63M in total assets and 125 participants in its 2023 DOL Form 5500 filing, ranking in the 88th 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.
- 88th percentile by assets (of 127,072 plans)
- #7,740 in Construction (9,030 peers)
Coverage in Illinois
The Kelso-Burnett Co. Employee Stock Ownership Plan covers 125 participants in Illinois, about 16% of the average Illinois filer (state average ~779 per filing). Assets: $63M.
- $63M
- total plan assets (2023 EOY)
- 125
- covered participants
- 88th
- percentile by assets (of 127,072 plans)
- $503,142
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- The Kelso-Burnett Co. Employee Stock Ownership Plan reported net income rose from -$3M in the plan year 2022 filing to $12M in the plan year 2023 filing.
- The Kelso-Burnett Co. Employee Stock Ownership Plan end-of-year assets rose from $51M in the plan year 2022 filing to $63M in the plan year 2023 filing.
Participants vs Illinois filers
In Illinois, the average filing covers about 779 participants across 5,745 plans. The Kelso-Burnett Co. Employee Stock Ownership Plan reports 125 participants - about 16% of that state average ($63M EOY assets).
Illinois filing particulars
| Total Assets (Beginning of Year) | $51M |
|---|---|
| Net Assets (End of Year) | $63M |
| Net Income | $12M |
| Employer EIN | 271481214 |
| Plan Effective Date | 1961-03-28 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Newport Industries, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 260 | $66M |
| 2023 | 2 | 258 | $82M |
| 2024 | 2 | 276 | $92M |
Nearby ESOP Plans in Illinois
Peer ESOP plans, same state, same plan type, ranked by total assets.
The Kelso-Burnett Co. Employee Stock Ownership Plan vs. nearby ESOP plans in Illinois, assets vs. participants
- Amsted Industries Incorporated Employees' Stock Ownership Plan $4.4B · 4,738
- Kehe Distributors, Inc. Employee Stock Ownership Plan $1.6B · 4,251
- Scot Forge Company Employee Stock Ownership Plan $1.2B · 486
- Bdo USA Employee Stock Ownership Plan $915M · 10,168
- Bdo USA Employee Stock Ownership Plan $915M · 10,168
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to The Kelso-Burnett Co. Employee Stock Ownership Plan by total assets, not by location.
- Crystal Flash, Inc. Employee Stock Ownership Plan (MI) $63M · 315
- Idaho Pacific Lumber Company, Inc. Employee Stock Ownership Plan and Trust (ID) $63M · 87
- Cv Industries, Inc. Employee Stock Ownership Plan (NC) $63M · 536
- Commercial Contracting Corporation Employee Stock Ownership Plan (MI) $63M · 489
Frequently Asked Questions
How did The Kelso-Burnett Co. Employee Stock Ownership Plan assets move in 2023? ▼
How have Newport Industries, Inc. plan assets changed over time? ▼
Where does The Kelso-Burnett Co. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Which ESOP plans are similar in size to The Kelso-Burnett Co. Employee Stock Ownership Plan? ▼
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Filing takeaways
Ways to act on The Kelso-Burnett Co. Employee Stock Ownership Plan's numbers.
- By total assets, The Kelso-Burnett Co. 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 Illinois. Compare plans
- Newport Industries, Inc.'s sponsor-wide assets have grown 38.9% since 2022 across 3 plan years on file. More Construction plans