ESOP · DOL Form 5500 · 2023

Applied Research Associates, Inc. ESOP

Data updated 2026-08-25

$606M
Total assets Above avg plan size
1,981
Participants Near avg headcount
98th
Percentile by assets National rank
$305,818
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Employee Stock Ownership Plan of Applied Research Associates, Inc. · Sponsored by Applied Research Associates, Inc. · New Mexico · Professional & Technical Services

$606M in assets, 1,981 participants

Applied Research Associates, Inc.'s Employee Stock Ownership Plan of Applied Research Associates, Inc. reported $606M in total assets and 1,981 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.

  • #20,023 in Professional & Technical Services (20,321 peers)

Coverage in New Mexico

Employee Stock Ownership Plan of Applied Research Associates, Inc. covers 1,981 participants in New Mexico, 5.4x the typical New Mexico plan (state average ~365 per filing). Assets: $606M.

#20,023
in Professional & Technical Services (20,321 peers)
+31.1%
assets growth YoY
6.1×
vs typical plan assets (national mean)

Employee Stock Ownership Plan of Applied Research Associates, Inc.'s outsized position by total assets

Employee Stock Ownership Plan of Applied Research Associates, Inc. vs every filed plan by assets

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

$605,825,813 Top 2% higher than 98% 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

Employee Stock Ownership Plan of Applied Research Associates, Inc.'s large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Employee Stock Ownership Plan of Applied Research Associates, Inc. lands in the large band (1,981 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Employee Stock Ownership Plan of Applied Research Associates, Inc. end-of-year assets rose from $462M in the plan year 2022 filing to $606M in the plan year 2023 filing.
  • Employee Stock Ownership Plan of Applied Research Associates, Inc. reported participants rose from 1,640 in the plan year 2022 filing to 1,981 in the plan year 2023 filing.
  • Employee Stock Ownership Plan of Applied Research Associates, Inc. reported net income rose from $137M in the plan year 2022 filing to $151M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 850276434 · Applied Research Associates, Inc. PY 2023 · ESOP

Employee Stock Ownership Plan of Applied Research Associates, Inc. · $606M · 1,981 · 98th

  • PCT $606M
  • PCT 1,981
  • PCT 98th
  • PCT ESOP
  • PCT near Magnolia Employee Stock Ownership Plan
  • PCT ind #20023

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 New Mexico →

Employee Stock Ownership Plan of Applied Research Associates, Inc. in the asset neighbourhood

U-Haul Holding Company Employee Stock Ownership PlanU-Haul Holding Company Emplo…$619MConsigli Building Group Employee Stock Ownership PlanConsigli Building Group Empl…$612MMagnolia Employee Stock Ownership PlanMagnolia Employee Stock Owne…$612MEmployee Stock Ownership Plan of Applied Research Associates, Inc.Employee Stock Ownership Pla…$606MVan Meter Industrial, Inc. Employee Stock Ownership PlanVan Meter Industrial, Inc. E…$596M
End-of-year total assets ($M) among Employee Stock Ownership Plan of Applied Research Associates, Inc. and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

New Mexico filing particulars

Total Assets (Beginning of Year)$462M
Net Assets (End of Year)$606M
Net Income$151M
Employer EIN850276434
Plan Effective Date1993-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Applied Research Associates, Inc.)

Sponsor-wide plan assets over time

All Applied Research Associates, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.3B 38.73269162039516% vs 2022
2024 filing year
$0.8B$1B$1.2B$1.4B 202220232024 $0.91B $1.26B ▲ +38.5%
Year Plans Participants Total Assets
2022 2 3,193 $907M
2023 2 3,943 $1.2B
2024 2 4,416 $1.3B

Nearby ESOP Plans in New Mexico

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

Employee Stock Ownership Plan of Applied Research Associates, Inc. vs. nearby ESOP plans in New Mexico, assets vs. participants Scatter plot of 6 data points. -50005001000150020002500 -2000200400600800 Total assets ($M) Participants Employee Stock Ownership Plan of Applied Research Associates, Inc., Total assets ($M): 605.825813 · Participants: 1981Employee Stock Ownership Plan of Applied Research Associates, Inc.Ppic Employee Stock Ownership Plan, Total assets ($M): 58.69174 · Participants: 107Ppic Employee Stock Ownership PlanAzurite Professional Community Employee Stock Ownership Plan, Total assets ($M): 23.538133 · Participants: 259Azurite Professional Community Employee Stock Ownership PlanCitizens Bank Employee Stock Ownership and Retirement Savings Plan, Total assets ($M): 21.320873 · Participants: 101Citizens Bank Employee Stock Ownership and Retirement Savings PlanCommerce Bancshares of Roswell, Inc. Employee Stock Ownership Plan, Total assets ($M): 18.971857 · Participants: 14Commerce Bancshares of Roswell, Inc. Employee Stock Ownership PlanJack B. Henderson Construction Company, Inc. Employee Stock Ownership Plan, Total assets ($M): 16.98282 · Participants: 91Jack B. Henderson Construction Company, Inc. Employee Stock Ownership Plan
Employee Stock Ownership Plan of Applied Research Associates, Inc. vs. nearby ESOP plans in New Mexico, assets vs. participants
Compare Employee Stock Ownership Plan of Applied Research Associates, Inc. side-by-side with 3 peers →

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

Outside New Mexico, the nearest ESOP by assets is Magnolia Employee Stock Ownership Plan in LA ($612M); by covered participants it is Bi-Mart Corporation Employee Stock Ownership Plan in OR (1,981 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,981 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 Employee Stock Ownership Plan of Applied Research Associates, Inc. assets move in 2023? ▼
Employee Stock Ownership Plan of Applied Research Associates, Inc. surged - up 31.1% during 2023, from $462M to $606M. Reported net income was $151M.
How have Applied Research Associates, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Applied Research Associates, Inc.'s sponsor-wide assets grew 38.7%, from $907M to $1.3B.
Where does Employee Stock Ownership Plan of Applied Research Associates, Inc. rank by assets among Form 5500 filers? ▼
Employee Stock Ownership Plan of Applied Research Associates, Inc. ranks in the 98th 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 Employee Stock Ownership Plan of Applied Research Associates, Inc.? ▼
Among ESOP plans in other states, the closest by assets is Magnolia Employee Stock Ownership Plan in LA ($612M, 44 participants).
Which ESOP plans cover a similar participant headcount to Employee Stock Ownership Plan of Applied Research Associates, Inc.? ▼
Among ESOP plans in other states, the closest by covered participants is Bi-Mart Corporation Employee Stock Ownership Plan in OR (1,981 participants, $210M 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 850276434.

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.