ESOP · DOL Form 5500 · 2023

Downes Holding Company, Inc. ESOP

Data updated 2026-08-25

$32M
Total assets Below avg plan size
38
Participants Small participant base
80th
Percentile by assets National rank
$848,708
Avg per participant High balance/head
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Official DOL plan name: Downes Holding Company, Inc. Employee Stock Ownership Plan · Sponsored by Downes Holding Company, Inc. · Connecticut · Construction

$32M in assets, 38 participants

Downes Holding Company, Inc.'s Downes Holding Company, Inc. Employee Stock Ownership Plan reported $32M in total assets and 38 participants in its 2023 DOL Form 5500 filing, ranking in the 80th 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.

  • #7,101 in Construction (9,030 peers)

Where Downes Holding Company, Inc. Employee Stock Ownership Plan sits by assets

Downes Holding Company, Inc. Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $32M for 38 participants (~$848,708/participant), up 96.5% in 2023.

#7,101
in Construction (9,030 peers)
+96.5%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Downes Holding Company, Inc. Employee Stock Ownership Plan's outsized position by total assets

Downes Holding Company, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$32,250,920 Top 20% higher than 80% 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

Downes Holding Company, 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. Downes Holding Company, Inc. Employee Stock Ownership Plan is a small filing (38 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Downes Holding Company, Inc. Employee Stock Ownership Plan reported net income rose from $8M in the plan year 2022 filing to $17M in the plan year 2023 filing.
  • Downes Holding Company, Inc. Employee Stock Ownership Plan end-of-year assets rose from $16M in the plan year 2022 filing to $32M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 844247352 · Downes Holding Company, Inc. PY 2023 · ESOP

Downes Holding Company, Inc. Employee Stock Ownership Plan · $32M · 38 · 80th

  • NET $32M
  • NET 38
  • NET 80th
  • NET ESOP
  • NET near Ritbearing, Inc. Employee Stock Ownership Plan
  • NET ind #7101

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 Connecticut →

Downes Holding Company, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Fei, Inc. 2013 Second Restated Employee Stock Ownership Plan and TrustFei, Inc. 2013 Second Restat…$32MBen Tire Distributors, Ltd. Employee Stock Ownership PlanBen Tire Distributors, Ltd. …$32MDownes Holding Company, Inc. Employee Stock Ownership PlanDownes Holding Company, Inc.…$32MRitbearing, Inc. Employee Stock Ownership PlanRitbearing, Inc. Employee St…$32MB&g Industries, Ltd. Employee Stock Ownership PlanB&g Industries, Ltd. Employe…$32M
End-of-year total assets ($M) among Downes Holding Company, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$16M
Net Assets (End of Year)$8M
Net Income$17M
Employer EIN844247352
Plan Effective Date2019-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Downes Holding Company, Inc.)

Sponsor-wide plan assets over time

All Downes Holding Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$51M 213.1650822669104% vs 2022
2024 filing year
$0M$20M$40M$60M 202220232024 $16.4M $51.4M ▲ +213.2%
Year Plans Participants Total Assets
2022 1 38 $16M
2023 1 38 $32M
2024 1 50 $51M

Nearby ESOP Plans in Connecticut

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

Downes Holding Company, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Connecticut, assets vs. participants Scatter plot of 6 data points. 0200400600 0100200300400 Total assets ($M) Participants Downes Holding Company, Inc. Employee Stock Ownership Plan, Total assets ($M): 32.25092 · Participants: 38Downes Holding Company, Inc. Employee Stock Ownership PlanMott Corporation Employee Stock Ownership Plan, Total assets ($M): 360.458407 · Participants: 269Mott Corporation Employee Stock Ownership PlanSonalysts, Inc. Employee Stock Ownership Plan, Total assets ($M): 125.286205 · Participants: 418Sonalysts, Inc. Employee Stock Ownership PlanBl Companies, Inc. Employee Stock Ownership Plan, Total assets ($M): 113.226057 · Participants: 323Bl Companies, Inc. Employee Stock Ownership PlanEurpac Service, Inc. Employee Stock Ownership Plan, Total assets ($M): 96.349012 · Participants: 529Eurpac Service, Inc. Employee Stock Ownership PlanTwin Mro Employee Stock Ownership Plan, Total assets ($M): 82.993881 · Participants: 93Twin Mro Employee Stock Ownership Plan
Downes Holding Company, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Connecticut, assets vs. participants
Compare Downes Holding Company, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Connecticut, the nearest ESOP by assets is Ritbearing, Inc. Employee Stock Ownership Plan in NY ($32M); by covered participants it is Inberg-Miller Engineers Employee Stock Ownership Plan in WY (38 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (38 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 Downes Holding Company, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Downes Holding Company, Inc. Employee Stock Ownership Plan surged - up 96.5% during 2023, from $16M to $32M. Reported net income was $17M.
How have Downes Holding Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Downes Holding Company, Inc.'s sponsor-wide assets grew 213.2%, from $16M to $51M.
Where does Downes Holding Company, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Downes Holding Company, Inc. Employee Stock Ownership Plan ranks in the 80th 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 Downes Holding Company, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Ritbearing, Inc. Employee Stock Ownership Plan in NY ($32M, 31 participants).
Which ESOP plans cover a similar participant headcount to Downes Holding Company, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Inberg-Miller Engineers Employee Stock Ownership Plan in WY (38 participants, N/A 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 844247352.

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.