ESOP · DOL Form 5500 · 2023

Naxion, Inc. ESOP

Data updated 2026-08-25

$13M
Total assets Small plan by assets
53
Participants Small participant base
65th
Percentile by assets National rank
$252,763
Avg per participant Above avg balance/head
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Official DOL plan name: Naxion, Inc. Employee Stock Ownership Plan · Sponsored by Naxion, Inc. · Pennsylvania · Professional & Technical Services

$13M in assets, 53 participants

Naxion, Inc.'s Naxion, Inc. Employee Stock Ownership Plan reported $13M in total assets and 53 participants in its 2023 DOL Form 5500 filing, ranking in the 65th 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.

  • #13,032 in Professional & Technical Services (20,321 peers)

2023 asset change

Naxion, Inc. Employee Stock Ownership Plan pulled back noticeably 13.3% in 2023 ($15M → $13M) for 53 participants.

#13,032
in Professional & Technical Services (20,321 peers)
-13.3%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Naxion, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Professional & Technical Services and all filers

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

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

$13,396,436 Top 35% higher than 65% 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

Naxion, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Naxion, Inc. Employee Stock Ownership Plan is a small filing (53 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Naxion, Inc. Employee Stock Ownership Plan reported net income fell from -$150K in the plan year 2022 filing to -$2M in the plan year 2023 filing.
  • Naxion, Inc. Employee Stock Ownership Plan end-of-year assets fell from $15M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • Naxion, Inc. Employee Stock Ownership Plan reported participants fell from 61 in the plan year 2022 filing to 53 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 232681082 · Naxion, Inc. PY 2023 · ESOP

Naxion, Inc. Employee Stock Ownership Plan · $13M · 53 · 65th

  • NET $13M
  • BOOK 53
  • VS-ST 65th
  • BOY ESOP
  • SCH near Innovative One Group, Inc. Employee Stock Ownership Plan
  • EBSA ind #13032

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 Pennsylvania →

Naxion, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Ubt Bancshares, Inc. Employee Stock Ownership PlanUbt Bancshares, Inc. Employe…$13MNaxion, Inc. Employee Stock Ownership PlanNaxion, Inc. Employee Stock …$13MAdm Group, Inc. Employee Stock Ownership PlanAdm Group, Inc. Employee Sto…$13MInfinity Drywall Contracting, Inc. Employee Stock Ownership PlanInfinity Drywall Contracting…$13MInnovative One Group, Inc. Employee Stock Ownership PlanInnovative One Group, Inc. E…$13M
End-of-year total assets ($M) among Naxion, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Naxion, Inc. years around the 2023 move

Sponsor-wide plan assets over time

All Naxion, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$16M 2.834329044414898% vs 2022
2024 filing year
$13M$14M$15M$16M$17M 202220232024 $15.5M $15.9M ▲ +2.8%
Year Plans Participants Total Assets
2022 1 61 $15M
2023 1 53 $13M
2024 1 68 $16M

2023 asset-move particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$256K
Net Income-$2M
Employer EIN232681082
Plan Effective Date2003-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Pennsylvania

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

Naxion, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -20246 Total assets ($B) Participants Naxion, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.013396436 · Participants: 53Naxion, Inc. Employee Stock Ownership PlanWawa, Inc. Employee Stock Ownership Plan, Total assets ($B): 5.338226537 · Participants: 42695Wawa, Inc. Employee Stock Ownership PlanBradford White Corporation Employee Stock Ownership Plan and Trust Agreement, Total assets ($B): 1.558044827 · Participants: 342Bradford White Corporation Employee Stock Ownership Plan and Trust AgreementCentimark Corporation Employee Stock Ownership Plan and Trust, Total assets ($B): 0.686501046 · Participants: 2353Centimark Corporation Employee Stock Ownership Plan and TrustSheetz, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.686202616 · Participants: 13858Sheetz, Inc. Employee Stock Ownership PlanD & H Employee Stock Ownership Plan, Total assets ($B): 0.288933356 · Participants: 1461D & H Employee Stock Ownership Plan
Naxion, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Pennsylvania, assets vs. participants
Compare Naxion, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Pennsylvania, the nearest ESOP by assets is Innovative One Group, Inc. Employee Stock Ownership Plan in KS ($13M); by covered participants it is Brewer Direct, Inc. Employee Stock Ownership Plan in CA (53 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (53 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 Naxion, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Naxion, Inc. Employee Stock Ownership Plan pulled back noticeably - down 13.3% during 2023, from $15M to $13M. Reported net income was -$2M.
How have Naxion, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Naxion, Inc.'s sponsor-wide assets grew 2.8%, from $15M to $16M.
Which ESOP plans are similar in size to Naxion, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Innovative One Group, Inc. Employee Stock Ownership Plan in KS ($13M, 57 participants).
Which ESOP plans cover a similar participant headcount to Naxion, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Brewer Direct, Inc. Employee Stock Ownership Plan in CA (53 participants, $12M 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 232681082.

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.