ESOP · DOL Form 5500 · 2023

Newage Industries, Inc. ESOP

Data updated 2026-08-25

$258M
Total assets Near avg plan size
292
Participants Below avg headcount
96th
Percentile by assets National rank
$882,125
Avg per participant High balance/head
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Official DOL plan name: Newage Industries, Inc. Employee Stock Ownership Plan · Sponsored by Newage Industries, Inc. · Pennsylvania · Manufacturing

$258M in assets, 292 participants

Newage Industries, Inc.'s Newage Industries, Inc. Employee Stock Ownership Plan reported $258M in total assets and 292 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • #17,439 in Manufacturing (18,722 peers)

Coverage in Pennsylvania

Newage Industries, Inc. Employee Stock Ownership Plan covers 292 participants in Pennsylvania, about 36% of the average Pennsylvania filer (state average ~822 per filing). Assets: $258M.

#17,439
in Manufacturing (18,722 peers)
-17.0%
assets change YoY
2.6×
vs typical plan assets (national mean)

The plan reported a net loss of $50M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Newage Industries, Inc. Employee Stock Ownership Plan's outsized position by total assets

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

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

$257,580,354 Top 4% higher than 96% 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

Newage Industries, 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. Newage Industries, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (292 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Newage Industries, Inc. Employee Stock Ownership Plan reported net income rose from -$83M in the plan year 2022 filing to -$50M in the plan year 2023 filing.
  • Newage Industries, Inc. Employee Stock Ownership Plan end-of-year assets fell from $310M in the plan year 2022 filing to $258M in the plan year 2023 filing.
  • Newage Industries, Inc. Employee Stock Ownership Plan reported participants fell from 304 in the plan year 2022 filing to 292 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 231475225 · Newage Industries, Inc. PY 2023 · ESOP

Newage Industries, Inc. Employee Stock Ownership Plan · $258M · 292 · 96th

  • SCH $258M
  • SCH 292
  • SCH 96th
  • SCH ESOP
  • SCH near Motor City Electric Co. Employee Stock Ownership Plan
  • SCH ind #17439

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 →

Newage Industries, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Hatco Corporation Employee Stock Ownership PlanHatco Corporation Employee S…$262MImeg Corp. Employee Stock Ownership PlanImeg Corp. Employee Stock Ow…$258MMotor City Electric Co. Employee Stock Ownership PlanMotor City Electric Co. Empl…$258MNewage Industries, Inc. Employee Stock Ownership PlanNewage Industries, Inc. Empl…$258MNorco, Inc. Employee Stock Ownership PlanNorco, Inc. Employee Stock O…$256M
End-of-year total assets ($M) among Newage Industries, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$310M
Net Assets (End of Year)$181M
Net Income-$50M
Employer EIN231475225
Plan Effective Date2006-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Newage Industries, Inc.)

Sponsor-wide plan assets over time

All Newage Industries, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$318M 2.8159103297975574% vs 2022
2024 filing year
$260M$280M$300M$320M$340M 202220232024 $328M $318M ▼ -2.8%
Year Plans Participants Total Assets
2022 2 548 $328M
2023 2 569 $276M
2024 2 521 $318M

Nearby ESOP Plans in Pennsylvania

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

Newage Industries, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 0246 Total assets ($B) Participants Newage Industries, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.257580354 · Participants: 292Newage Industries, 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
Newage Industries, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Pennsylvania, assets vs. participants
Compare Newage Industries, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Pennsylvania, the nearest ESOP by assets is Motor City Electric Co. Employee Stock Ownership Plan in MI ($258M); by covered participants it is E&m Logistics Inc. Employee Stock Ownership Plan in NY (292 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (292 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 Newage Industries, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Newage Industries, Inc. Employee Stock Ownership Plan declined sharply - down 17.0% during 2023, from $310M to $258M. Reported net income was -$50M.
How have Newage Industries, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Newage Industries, Inc.'s sponsor-wide assets declined 2.8%, from $328M to $318M.
Where does Newage Industries, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Newage Industries, Inc. Employee Stock Ownership Plan ranks in the 96th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which ESOP plans are similar in size to Newage Industries, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Motor City Electric Co. Employee Stock Ownership Plan in MI ($258M, 207 participants).
Which ESOP plans cover a similar participant headcount to Newage Industries, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is E&m Logistics Inc. Employee Stock Ownership Plan in NY (292 participants, $16M 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 231475225.

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.