ESOP · DOL Form 5500 · 2023

Armon, Inc ESOP

Data updated 2026-08-25

$511K
Total assets Small plan by assets
3
Participants Small participant base
18th
Percentile by assets National rank
$170,237
Avg per participant Above avg balance/head
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Official DOL plan name: Armon, Inc Employee Stock Ownership Plan · Sponsored by Armon, Inc · Illinois · Management of Enterprises

$511K in assets, 3 participants

Armon, Inc's Armon, Inc Employee Stock Ownership Plan reported $511K in total assets and 3 participants in its 2023 DOL Form 5500 filing, ranking in the 18th 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.

  • #116 in Management of Enterprises (1,137 peers)

Armon, Inc multi-year trail

Armon, Inc's plans moved +21.7% in assets from 2022 to 2024; this filing shows Armon, Inc Employee Stock Ownership Plan at $511K / 3 participants.

#116
in Management of Enterprises (1,137 peers)
+10.1%
assets growth YoY

Armon, Inc Employee Stock Ownership Plan among the smaller filed plans by assets

Armon, Inc Employee Stock Ownership Plan vs every filed plan by assets

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

$510,710 18th percentile higher than 18% 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

Armon, Inc Employee Stock Ownership Plan among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Armon, Inc Employee Stock Ownership Plan is a micro filing (3 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Armon, Inc Employee Stock Ownership Plan reported net income rose from -$45K in the plan year 2022 filing to $47K in the plan year 2023 filing.
  • Armon, Inc Employee Stock Ownership Plan end-of-year assets rose from $464K in the plan year 2022 filing to $511K in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 362923248 · Armon, Inc PY 2023 · ESOP

Armon, Inc Employee Stock Ownership Plan · $511K · 3 · 18th

  • ASSETS $511K
  • PCT 3
  • EIN 18th
  • RANK ESOP
  • PHOTO near Amid, Inc. Employee Stock Ownership Plan
  • IND ind #116

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 Illinois →

Armon, Inc Employee Stock Ownership Plan in the asset neighbourhood

Armon, Inc Employee Stock Ownership PlanArmon, Inc Employee Stock Ow…$511KAmid, Inc. Employee Stock Ownership PlanAmid, Inc. Employee Stock Ow…$511KComposition Systems, Inc. Employee Stock Ownership Plan IIComposition Systems, Inc. Em…$513KLogisticsflow, Inc. Employee Stock Ownership PlanLogisticsflow, Inc. Employee…$513KUnion Grove Lumber and True Value Co. Employee Stock Ownership Plan and TrustUnion Grove Lumber and True …$514K
End-of-year total assets ($M) among Armon, Inc Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Armon, Inc multi-year asset trail

Sponsor-wide plan assets over time

All Armon, Inc plans reported in each filing year

Latest sponsor-wide plan assets
$35M 21.651509161049198% vs 2022
2024 filing year
$28M$30M$32M$34M$36M 202220232024 $28.7M $34.9M ▲ +21.6%
Year Plans Participants Total Assets
2022 2 343 $29M
2023 2 340 $33M
2024 2 406 $35M

Armon, Inc filing trail (2023)

Total Assets (Beginning of Year)$464K
Net Assets (End of Year)$511K
Net Income$47K
Employer EIN362923248
Plan Effective Date1999-10-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Illinois

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

Armon, Inc Employee Stock Ownership Plan vs. nearby ESOP plans in Illinois, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -1012345 Total assets ($B) Participants Armon, Inc Employee Stock Ownership Plan, Total assets ($B): 0.00051071 · Participants: 3Armon, Inc Employee Stock Ownership PlanAmsted Industries Incorporated Employees' Stock Ownership Plan, Total assets ($B): 4.440263476 · Participants: 4738Amsted Industries Incorporated Employees' Stock Ownership PlanKehe Distributors, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.616096816 · Participants: 4251Kehe Distributors, Inc. Employee Stock Ownership PlanScot Forge Company Employee Stock Ownership Plan, Total assets ($B): 1.195072662 · Participants: 486Scot Forge Company Employee Stock Ownership PlanBdo USA Employee Stock Ownership Plan, Total assets ($B): 0.91547863 · Participants: 10168Bdo USA Employee Stock Ownership PlanBdo USA Employee Stock Ownership Plan, Total assets ($B): 0.91547863 · Participants: 10168Bdo USA Employee Stock Ownership Plan
Armon, Inc Employee Stock Ownership Plan vs. nearby ESOP plans in Illinois, assets vs. participants
Compare Armon, Inc Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Illinois, the nearest ESOP by assets is Amid, Inc. Employee Stock Ownership Plan in TX ($511K); by covered participants it is Southern Community Bancshares, Inc. ESOP in AL (3 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3 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 Armon, Inc Employee Stock Ownership Plan assets move in 2023? ▼
Armon, Inc Employee Stock Ownership Plan grew at a solid clip - up 10.1% during 2023, from $464K to $511K. Reported net income was $47K.
How have Armon, Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Armon, Inc's sponsor-wide assets grew 21.7%, from $29M to $35M.
Where does Armon, Inc Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Armon, Inc Employee Stock Ownership Plan ranks in the 18th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which ESOP plans are similar in size to Armon, Inc Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Amid, Inc. Employee Stock Ownership Plan in TX ($511K, 25 participants).
Which ESOP plans cover a similar participant headcount to Armon, Inc Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Southern Community Bancshares, Inc. ESOP in AL (3 participants, $2M 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 362923248.

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.