ESOP · DOL Form 5500 · 2023

Darmann Abrasive Products, Inc. ESOP

Data updated 2026-08-11

$6M
Total assets
48
Participants
47th
Percentile by assets
$117,197
Avg per participant
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Official DOL plan name: Darmann Abrasive Products, Inc. Employee Stock Ownership Plan · Sponsored by Darmann Abrasive Products, Inc. · Massachusetts · Manufacturing

$6M in assets, 48 participants

Darmann Abrasive Products, Inc.'s Darmann Abrasive Products, Inc. Employee Stock Ownership Plan reported $6M in total assets and 48 participants in its 2023 DOL Form 5500 filing, ranking in the 47th 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.

  • 47th percentile by assets (of 127,072 plans)
  • #5,626 in Manufacturing (18,722 peers)

Darmann Abrasive Products, Inc. multi-year trail

Darmann Abrasive Products, Inc.'s plans moved -29.3% in assets from 2022 to 2024; this filing shows Darmann Abrasive Products, Inc. Employee Stock Ownership Plan at $6M / 48 participants.

$6M
total plan assets (2023 EOY)
48
covered participants
47th
percentile by assets (of 127,072 plans)
$117,197
avg assets per participant

The plan reported a net loss of $166K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Darmann Abrasive Products, Inc. Employee Stock Ownership Plan sits by total assets

Darmann Abrasive Products, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$5,625,463 47th percentile higher than 47% of 127,068 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Darmann Abrasive Products, Inc. Employee Stock Ownership Plan reported net income rose from -$2M in the plan year 2022 filing to -$166K in the plan year 2023 filing.
  • Darmann Abrasive Products, Inc. Employee Stock Ownership Plan end-of-year assets fell from $6M in the plan year 2022 filing to $6M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Massachusetts
Industry
Manufacturing

Darmann Abrasive Products, Inc. across 3 plan years on file

Across the 3 plan years Darmann Abrasive Products, Inc. has on file (2022-2024), sponsor-wide plan assets have moved from $6M to $4M, a decline of 29.3%, while reported participants moved from 48 to 50 (+4.2%). Peak year by sponsor assets: 2022 ($6M); trough: 2024 ($4M).

Darmann Abrasive Products, Inc. multi-year asset trail

$3M$4M$5M$6M 202220232024 $5.77M $4.08M ▼ -29.3%
Total plan assets by year, all Darmann Abrasive Products, Inc. plans on file
Year Plans Participants Total Assets
2022 1 48 $6M
2023 1 48 $6M
2024 1 50 $4M

Darmann Abrasive Products, Inc. filing trail (2023)

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$5M
Net Income-$166K
Employer EIN042932946
Plan Effective Date1998-10-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Massachusetts

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

Darmann Abrasive Products, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -5000500100015002000 -2000200400600800 Total assets ($M) Participants Darmann Abrasive Pro…, Total assets ($M): 5.625463 · Participants: 48Darmann Abrasive Pro…Consigli Building Gr…, Total assets ($M): 611.879597 · Participants: 1511Consigli Building Gr…The Gillette Company…, Total assets ($M): 349.164775 · Participants: 174The Gillette Company…Shawmut Group Employ…, Total assets ($M): 274.195602 · Participants: 716Shawmut Group Employ…First Amended and Re…, Total assets ($M): 244.511447 · Participants: 641First Amended and Re…Eastern Bank Employe…, Total assets ($M): 213.345202 · Participants: 1778Eastern Bank Employe…
Darmann Abrasive Products, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants
Compare Darmann Abrasive Products, Inc. Employee… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Darmann Abrasive Products, Inc. Employee Stock Ownership Plan by total assets, not by location.

Frequently Asked Questions

How did Darmann Abrasive Products, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Darmann Abrasive Products, Inc. Employee Stock Ownership Plan edged down modestly - down 2.5% during 2023, from $6M to $6M. Reported net income was -$166K.
How have Darmann Abrasive Products, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Darmann Abrasive Products, Inc.'s sponsor-wide assets declined 29.3%, from $6M to $4M.
Which ESOP plans are similar in size to Darmann Abrasive Products, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Stevens Engineers & Constructors, Inc. Employee Stock Ownership Plan in OH ($6M, 112 participants).

Next read for Darmann Abrasive Products, Inc. Employee…

Multi-year trail

Ways to act on Darmann Abrasive Products, Inc. Employee Stock Ownership Plan's numbers.

  • By total assets, Darmann Abrasive Products, Inc. Employee Stock Ownership Plan ranks in the lower half of filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar ESOP plans in Massachusetts. Compare plans
  • Darmann Abrasive Products, Inc.'s sponsor-wide assets have declined 29.3% since 2022 across 3 plan years on file. More Manufacturing plans

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 042932946.

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.