ESOP · DOL Form 5500 · 2024
Phipps, Inc ESOP
Data updated 2026-08-25
- $8M
- Total assets Small plan by assets
- 4
- Participants Small participant base
- 51st
- Percentile by assets National rank
- $2.0M
- Avg per participant High balance/head
Official DOL plan name: Phipps Inc Employee Stock Ownership Plan · Sponsored by Phipps, Inc · Iowa · Agriculture, Forestry & Fishing
$8M in assets, 4 participants
Phipps, Inc's Phipps Inc Employee Stock Ownership Plan reported $8M in total assets and 4 participants in its 2024 DOL Form 5500 filing, ranking in the 51st 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.
- #664 in Agriculture, Forestry & Fishing (1,217 peers)
What the 2024 filing shows
Phipps Inc Employee Stock Ownership Plan holds $8M for 4 participants - about $2.0M per participant, above the median plan by assets.
- #664
- in Agriculture, Forestry & Fishing (1,217 peers)
- -4.0%
- assets change YoY
The plan reported a net loss of $337K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Phipps Inc Employee Stock Ownership Plan's mid-pack asset rank among Agriculture, Forestry & Fishing and all filers
Phipps Inc Employee Stock Ownership Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$8,021,869 Top 49% higher than 51% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Phipps Inc Employee Stock Ownership Plan among micro filed plans by headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Phipps Inc Employee Stock Ownership Plan is a micro filing (4 participants), the leftmost band.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Phipps Inc Employee Stock Ownership Plan reported net income fell from -$178K in the plan year 2023 filing to -$337K in the plan year 2024 filing.
- Phipps Inc Employee Stock Ownership Plan end-of-year assets fell from $8M in the plan year 2023 filing to $8M in the plan year 2024 filing.
Published 5500 schedule card
Filing strip 421362639 · Phipps, Inc PY 2024 · ESOP
Phipps Inc Employee Stock Ownership Plan · $8M · 4 · 51st
- RANK $8M
- PHOTO 4
- IND 51st
- EOY ESOP
- 5500 near Coldstream Service Holdings, Inc. Employee Stock Ownership Plan
- ASSETS ind #664
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 Iowa →
Phipps Inc Employee Stock Ownership Plan in the asset neighbourhood
Filing particulars (2024)
| Total Assets (Beginning of Year) | $8M |
|---|---|
| Net Assets (End of Year) | $8M |
| Net Income | -$337K |
| Employer EIN | 421362639 |
| Plan Effective Date | 1991-02-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Phipps, Inc)
Sponsor-wide plan assets over time
All Phipps, Inc plans reported in each filing year
- Latest sponsor-wide plan assets
- $8M 6.034770045569546% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 4 | $9M |
| 2023 | 1 | 4 | $8M |
| 2024 | 1 | 4 | $8M |
Nearby ESOP Plans in Iowa
Peer ESOP plans, same state, same plan type, ranked by total assets.
- Employee Owned Brands, Inc. Employee Stock Ownership Plan $877M · 819
- Van Meter Industrial, Inc. Employee Stock Ownership Plan $659M · 849
- Ita Group Holdings, Inc. Employees' Stock Ownership Plan $498M · 907
- Precision, Inc. Employee Stock Ownership Plan and Trust $473M · 658
- Vgm Group, Inc. Employee Stock Ownership Plan $426M · 1,169
Phipps Inc Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount
Outside Iowa, the nearest ESOP by assets is Coldstream Service Holdings, Inc. Employee Stock Ownership Plan in PA ($8M); by covered participants it is D&o Engineering Co., Inc. Employee Stock Ownership Plan in KS (4 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($8M here).
Similar participant headcount
Nearest other-state filings by covered participants (4 participants); asset peers above are excluded.
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.