ESOP · DOL Form 5500 · 2024

Flagship Converters, Inc. ESOP

Data updated 2026-08-25

$14M
Total assets Small plan by assets
44
Participants Small participant base
63rd
Percentile by assets National rank
$317,841
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Flagship Converters, Inc. Employee Stock Ownership Plan · Sponsored by Flagship Converters, Inc. · Connecticut · Manufacturing

$14M in assets, 44 participants

Flagship Converters, Inc.'s Flagship Converters, Inc. Employee Stock Ownership Plan reported $14M in total assets and 44 participants in its 2024 DOL Form 5500 filing, ranking in the 63rd 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.

  • #8,977 in Manufacturing (17,777 peers)

2024 asset change

Flagship Converters, Inc. Employee Stock Ownership Plan pulled back noticeably 9.7% in 2024 ($15M → $14M) for 44 participants.

#8,977
in Manufacturing (17,777 peers)
-9.7%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Flagship Converters, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Manufacturing and all filers

Flagship Converters, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$13,985,000 Top 37% higher than 63% of 123,620 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 2024

Flagship Converters, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Flagship Converters, Inc. Employee Stock Ownership Plan is a small filing (44 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Flagship Converters, Inc. Employee Stock Ownership Plan reported net income fell from $655K in the plan year 2023 filing to -$2M in the plan year 2024 filing.
  • Flagship Converters, Inc. Employee Stock Ownership Plan reported participants fell from 50 in the plan year 2023 filing to 44 in the plan year 2024 filing.
  • Flagship Converters, Inc. Employee Stock Ownership Plan end-of-year assets fell from $15M in the plan year 2023 filing to $14M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 061268526 · Flagship Converters, Inc. PY 2024 · ESOP

Flagship Converters, Inc. Employee Stock Ownership Plan · $14M · 44 · 63rd

  • ASSETS $14M
  • ASSETS 44
  • ASSETS 63rd
  • ASSETS ESOP
  • ASSETS near North Country Business Products Associate Stock Ownership Plan
  • ASSETS ind #8977

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 →

Flagship Converters, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Nordon, Inc. Employee Stock Ownership PlanNordon, Inc. Employee Stock …$14MFlagship Converters, Inc. Employee Stock Ownership PlanFlagship Converters, Inc. Em…$14MAdvanced Technologies, Inc. Employee Stock Ownership PlanAdvanced Technologies, Inc. …$14MMarlyn Development Corporation Employee Stock Ownership PlanMarlyn Development Corporati…$14MNorth Country Business Products Associate Stock Ownership PlanNorth Country Business Produ…$14M
End-of-year total assets ($M) among Flagship Converters, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Flagship Converters, Inc. years around the 2024 move

Sponsor-wide plan assets over time

All Flagship Converters, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$14M 5.761455525606469% vs 2022
2024 filing year
$13.5M$14M$14.5M$15M$15.5M$16M 202220232024 $14.8M $14M ▼ -5.7%
Year Plans Participants Total Assets
2022 1 49 $15M
2023 1 50 $15M
2024 1 44 $14M

2024 asset-move particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$14M
Net Income-$2M
Employer EIN061268526
Plan Effective Date2008-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Connecticut

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

Flagship Converters, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Connecticut, assets vs. participants Scatter plot of 6 data points. 0200400600 -1000100200300400 Total assets ($M) Participants Flagship Converters, Inc. Employee Stock Ownership Plan, Total assets ($M): 13.985 · Participants: 44Flagship Converters, Inc. Employee Stock Ownership PlanMott Corporation Employee Stock Ownership Plan, Total assets ($M): 304.806344 · Participants: 327Mott Corporation Employee Stock Ownership PlanBl Companies, Inc. Employee Stock Ownership Plan, Total assets ($M): 127.985465 · Participants: 309Bl Companies, Inc. Employee Stock Ownership PlanSonalysts, Inc. Employee Stock Ownership Plan, Total assets ($M): 125.874922 · Participants: 417Sonalysts, Inc. Employee Stock Ownership PlanEurpac Service, Inc. Employee Stock Ownership Plan, Total assets ($M): 107.815259 · Participants: 572Eurpac Service, Inc. Employee Stock Ownership PlanTwin Mro Employee Stock Ownership Plan, Total assets ($M): 106.406355 · Participants: 110Twin Mro Employee Stock Ownership Plan
Flagship Converters, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Connecticut, assets vs. participants
Compare Flagship Converters, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Flagship Converters, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Connecticut, the nearest ESOP by assets is North Country Business Products Associate Stock Ownership Plan in MN ($14M); by covered participants it is Dmb Corporation, Inc. ESOP in WI (44 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (44 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.

Frequently Asked Questions

How did Flagship Converters, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Flagship Converters, Inc. Employee Stock Ownership Plan pulled back noticeably - down 9.7% during 2024, from $15M to $14M. Reported net income was -$2M.
How have Flagship Converters, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Flagship Converters, Inc.'s sponsor-wide assets declined 5.8%, from $15M to $14M.
Which ESOP plans are similar in size to Flagship Converters, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is North Country Business Products Associate Stock Ownership Plan in MN ($14M, 142 participants).
Which ESOP plans cover a similar participant headcount to Flagship Converters, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Dmb Corporation, Inc. ESOP in WI (44 participants, $5M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 061268526.

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.