ESOP · DOL Form 5500 · 2023

Thielsch Engineering, Inc. ESOP

Data updated 2026-08-25

$65M
Total assets Below avg plan size
477
Participants Below avg headcount
88th
Percentile by assets National rank
$137,276
Avg per participant Near avg balance/head
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Official DOL plan name: Thielsch Engineering, Inc. Employee Stock Ownership Plan · Sponsored by Thielsch Engineering, Inc. · Rhode Island · Professional & Technical Services

$65M in assets, 477 participants

Thielsch Engineering, Inc.'s Thielsch Engineering, Inc. Employee Stock Ownership Plan reported $65M in total assets and 477 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.

  • #18,150 in Professional & Technical Services (20,321 peers)

Coverage in Rhode Island

Thielsch Engineering, Inc. Employee Stock Ownership Plan covers 477 participants in Rhode Island, about 33% of the average Rhode Island filer (state average ~1,449 per filing). Assets: $65M.

#18,150
in Professional & Technical Services (20,321 peers)
+12.9%
assets growth YoY
0.7×
vs typical plan assets (national mean)

Thielsch Engineering, Inc. Employee Stock Ownership Plan's outsized position by total assets

Thielsch Engineering, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$65,480,622 Top 12% higher than 88% 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

Thielsch Engineering, Inc. 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. Thielsch Engineering, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (477 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Thielsch Engineering, Inc. Employee Stock Ownership Plan reported net income rose from -$7M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Thielsch Engineering, Inc. Employee Stock Ownership Plan end-of-year assets rose from $58M in the plan year 2022 filing to $65M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 050405629 · Thielsch Engineering, Inc. PY 2023 · ESOP

Thielsch Engineering, Inc. Employee Stock Ownership Plan · $65M · 477 · 88th

  • 5500 $65M
  • ASSETS 477
  • PCT 88th
  • EIN ESOP
  • RANK near Dansko Holdings, Inc. Employee Stock Ownership Plan
  • PHOTO ind #18150

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 Rhode Island →

Thielsch Engineering, Inc. Employee Stock Ownership Plan in the asset neighbourhood

The Cummins Construction Company, Inc. Employee Stock Ownership PlanThe Cummins Construction Com…$66MXtek Inc Employee Stock Ownership PlanXtek Inc Employee Stock Owne…$66MDansko Holdings, Inc. Employee Stock Ownership PlanDansko Holdings, Inc. Employ…$65MThielsch Engineering, Inc. Employee Stock Ownership PlanThielsch Engineering, Inc. E…$65MHillis-Carnes Engineering Associates, Inc. Employee Stock Ownership PlanHillis-Carnes Engineering As…$65M
End-of-year total assets ($M) among Thielsch Engineering, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Rhode Island filing particulars

Total Assets (Beginning of Year)$58M
Net Assets (End of Year)$65M
Net Income$8M
Employer EIN050405629
Plan Effective Date2008-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Thielsch Engineering, Inc.)

Sponsor-wide plan assets over time

All Thielsch Engineering, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$133M 19.323503567772736% vs 2022
2024 filing year
$100M$110M$120M$130M$140M 202220232024 $112M $133M ▲ +19.3%
Year Plans Participants Total Assets
2022 2 991 $112M
2023 2 982 $129M
2024 2 1,054 $133M

Nearby ESOP Plans in Rhode Island

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

Thielsch Engineering, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Rhode Island, assets vs. participants Scatter plot of 6 data points. -20000200040006000 -0.500.511.5 Total assets ($B) Participants Thielsch Engineering, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.065480622 · Participants: 477Thielsch Engineering, Inc. Employee Stock Ownership PlanThe Bank of America Transferred Savings Account Plan, Total assets ($B): 1.070736111 · Participants: 4647The Bank of America Transferred Savings Account PlanCentury Drywall, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.075040019 · Participants: 43Century Drywall, Inc. Employee Stock Ownership PlanNewport Harbor Corporation Employee Stock Ownership Plan, Total assets ($B): 0.063597754 · Participants: 1078Newport Harbor Corporation Employee Stock Ownership PlanBeta Group, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.023328265 · Participants: 162Beta Group, Inc. Employee Stock Ownership PlanMarine Acoustics, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.0057597 · Participants: 51Marine Acoustics, Inc. Employee Stock Ownership Plan
Thielsch Engineering, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Rhode Island, assets vs. participants
Compare Thielsch Engineering, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Rhode Island, the nearest ESOP by assets is Dansko Holdings, Inc. Employee Stock Ownership Plan in PA ($65M); by covered participants it is W Bbq Holdings, Inc. Employee Stock Ownership Plan in NY (477 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (477 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 Thielsch Engineering, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Thielsch Engineering, Inc. Employee Stock Ownership Plan grew at a solid clip - up 12.9% during 2023, from $58M to $65M. Reported net income was $8M.
How have Thielsch Engineering, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Thielsch Engineering, Inc.'s sponsor-wide assets grew 19.3%, from $112M to $133M.
Where does Thielsch Engineering, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Thielsch Engineering, Inc. Employee Stock Ownership Plan ranks in the 88th 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 Thielsch Engineering, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Dansko Holdings, Inc. Employee Stock Ownership Plan in PA ($65M, 101 participants).
Which ESOP plans cover a similar participant headcount to Thielsch Engineering, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is W Bbq Holdings, Inc. Employee Stock Ownership Plan in NY (477 participants, $10M 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 050405629.

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.