ESOP · DOL Form 5500 · 2023
Newage Industries, Inc. ESOP
Data updated 2026-08-11
- $258M
- Total assets
- 292
- Participants
- 96th
- Percentile by assets
- $882,125
- Avg per participant
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.
- 96th percentile by assets (of 127,072 plans)
- #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.
- $258M
- total plan assets (2023 EOY)
- 292
- covered participants
- 96th
- percentile by assets (of 127,072 plans)
- $882,125
- avg assets per participant
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.
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.
Participants vs Pennsylvania filers
In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. Newage Industries, Inc. Employee Stock Ownership Plan reports 292 participants - about 36% of that state average ($258M EOY assets).
Pennsylvania filing particulars
| Total Assets (Beginning of Year) | $310M |
|---|---|
| Net Assets (End of Year) | $181M |
| Net Income | -$50M |
| Employer EIN | 231475225 |
| Plan Effective Date | 2006-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Newage Industries, Inc.)
| 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
- Wawa, Inc. Employee Stock Ownership Plan $5.3B · 42,695
- Bradford White Corporation Employee Stock Ownership Plan and Trust Agreement $1.6B · 342
- Centimark Corporation Employee Stock Ownership Plan and Trust $687M · 2,353
- Sheetz, Inc. Employee Stock Ownership Plan $686M · 13,858
- D & H Employee Stock Ownership Plan $289M · 1,461
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Newage Industries, Inc. Employee Stock Ownership Plan by total assets, not by location.
- Motor City Electric Co. Employee Stock Ownership Plan (MI) $258M · 207
- Imeg Corp. Employee Stock Ownership Plan (IL) $258M · 1,851
- Norco, Inc. Employee Stock Ownership Plan (ID) $256M · 1,341
- Hatco Corporation Employee Stock Ownership Plan (WI) $262M · 755
Frequently Asked Questions
How did Newage Industries, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
How have Newage Industries, Inc. plan assets changed over time? ▼
Where does Newage Industries, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
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Filing takeaways
Ways to act on Newage Industries, Inc. Employee Stock Ownership Plan's numbers.
- By total assets, Newage Industries, Inc. Employee Stock Ownership Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Pennsylvania. Compare plans
- Newage Industries, Inc.'s sponsor-wide assets have declined 2.8% since 2022 across 3 plan years on file. More Manufacturing plans