ESOP · DOL Form 5500 · 2024

Xfmrs, Inc. ESOP

Data updated 2026-08-25

$26M
Total assets Below avg plan size
36
Participants Small participant base
75th
Percentile by assets National rank
$731,040
Avg per participant High balance/head
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Official DOL plan name: Xfmrs, Inc. Employees' Stock Ownership Plan · Sponsored by Xfmrs, Inc. · Indiana · Manufacturing

$26M in assets, 36 participants

Xfmrs, Inc.'s Xfmrs, Inc. Employees' Stock Ownership Plan reported $26M in total assets and 36 participants in its 2024 DOL Form 5500 filing, ranking in the 75th 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.

  • #11,725 in Manufacturing (17,777 peers)

Where Xfmrs, Inc. Employees' Stock Ownership Plan sits by assets

Xfmrs, Inc. Employees' Stock Ownership Plan sits in the top quartile of all filed plans by assets, $26M for 36 participants (~$731,040/participant), down 44.0% in 2024.

#11,725
in Manufacturing (17,777 peers)
-44.0%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $20M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Xfmrs, Inc. Employees' Stock Ownership Plan's outsized position by total assets

Xfmrs, Inc. Employees' Stock Ownership Plan vs every filed plan by assets

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

$26,317,449 Top 25% higher than 75% 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

Xfmrs, Inc. Employees' 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. Xfmrs, Inc. Employees' Stock Ownership Plan is a small filing (36 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Xfmrs, Inc. Employees' Stock Ownership Plan reported net income fell from -$3M in the plan year 2023 filing to -$20M in the plan year 2024 filing.
  • Xfmrs, Inc. Employees' Stock Ownership Plan end-of-year assets fell from $47M in the plan year 2023 filing to $26M in the plan year 2024 filing.
  • Xfmrs, Inc. Employees' Stock Ownership Plan reported participants rose from 33 in the plan year 2023 filing to 36 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 351865843 · Xfmrs, Inc. PY 2024 · ESOP

Xfmrs, Inc. Employees' Stock Ownership Plan · $26M · 36 · 75th

  • TYPE $26M
  • TYPE 36
  • TYPE 75th
  • TYPE ESOP
  • TYPE near Peoples Services, Inc. Employee Stock Ownership Plan
  • TYPE ind #11725

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 Indiana →

Xfmrs, Inc. Employees' Stock Ownership Plan in the asset neighbourhood

Xfmrs, Inc. Employees' Stock Ownership PlanXfmrs, Inc. Employees' Stock…$26MPeoples Services, Inc. Employee Stock Ownership PlanPeoples Services, Inc. Emplo…$26MBognet Construction Associates Inc. Employee Stock Ownership PlanBognet Construction Associat…$26MHart Howerton Employee Stock Ownership PlanHart Howerton Employee Stock…$26MStates Logistics Services, Inc. Employee Stock Ownership PlanStates Logistics Services, I…$26M
End-of-year total assets ($M) among Xfmrs, Inc. Employees' Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$47M
Net Assets (End of Year)$22M
Net Income-$20M
Employer EIN351865843
Plan Effective Date2004-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Xfmrs, Inc.)

Sponsor-wide plan assets over time

All Xfmrs, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$26M 47.71701043746708% vs 2022
2024 filing year
$20M$30M$40M$50M$60M 202220232024 $50.3M $26.3M ▼ -47.7%
Year Plans Participants Total Assets
2022 1 34 $50M
2023 1 33 $47M
2024 1 36 $26M

Nearby ESOP Plans in Indiana

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

Xfmrs, Inc. Employees' Stock Ownership Plan vs. nearby ESOP plans in Indiana, assets vs. participants Scatter plot of 6 data points. -1000010002000300040005000 -0.500.511.522.5 Total assets ($B) Participants Xfmrs, Inc. Employees' Stock Ownership Plan, Total assets ($B): 0.026317449 · Participants: 36Xfmrs, Inc. Employees' Stock Ownership PlanJasper Holdings, Inc Employee Stock Ownership Plan and Trust, Total assets ($B): 2.185109137 · Participants: 4295Jasper Holdings, Inc Employee Stock Ownership Plan and TrustUrschel Laboratories Employee Stock Ownership Plan, Total assets ($B): 0.432438721 · Participants: 509Urschel Laboratories Employee Stock Ownership PlanNibco Inc. Employee Stock Ownership Plan, Total assets ($B): 0.376983564 · Participants: 1370Nibco Inc. Employee Stock Ownership PlanDucharme, Mcmillen & Associates, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.170278352 · Participants: 622Ducharme, Mcmillen & Associates, Inc. Employee Stock Ownership PlanErmco, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.151428287 · Participants: 123Ermco, Inc. Employee Stock Ownership Plan
Xfmrs, Inc. Employees' Stock Ownership Plan vs. nearby ESOP plans in Indiana, assets vs. participants
Compare Xfmrs, Inc. Employees' Stock Ownership Plan side-by-side with 3 peers →

Xfmrs, Inc. Employees' Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Indiana, the nearest ESOP by assets is Peoples Services, Inc. Employee Stock Ownership Plan in OH ($26M); by covered participants it is 5by5, Inc. Employee Stock Ownership Plan in TN (36 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (36 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 Xfmrs, Inc. Employees' Stock Ownership Plan assets move in 2024? ▼
Xfmrs, Inc. Employees' Stock Ownership Plan contracted severely - down 44.0% during 2024, from $47M to $26M. Reported net income was -$20M.
How have Xfmrs, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Xfmrs, Inc.'s sponsor-wide assets declined 47.7%, from $50M to $26M.
Where does Xfmrs, Inc. Employees' Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Xfmrs, Inc. Employees' Stock Ownership Plan ranks in the 75th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Xfmrs, Inc. Employees' Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Peoples Services, Inc. Employee Stock Ownership Plan in OH ($26M, 539 participants).
Which ESOP plans cover a similar participant headcount to Xfmrs, Inc. Employees' Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is 5by5, Inc. Employee Stock Ownership Plan in TN (36 participants, $2M 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 351865843.

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.