ESOP · DOL Form 5500 · 2024

Theory Wellness Inc. ESOP

Data updated 2026-08-25

$11M
Total assets Small plan by assets
239
Participants Below avg headcount
58th
Percentile by assets National rank
$45,464
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Theory Wellness, Inc. Employee Stock Ownership Plan · Sponsored by Theory Wellness Inc. · Massachusetts · Manufacturing

$11M in assets, 239 participants

Theory Wellness Inc.'s Theory Wellness, Inc. Employee Stock Ownership Plan reported $11M in total assets and 239 participants in its 2024 DOL Form 5500 filing, ranking in the 58th 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.

  • #7,790 in Manufacturing (17,777 peers)

Coverage in Massachusetts

Theory Wellness, Inc. Employee Stock Ownership Plan covers 239 participants in Massachusetts, about 36% of the average Massachusetts filer (state average ~659 per filing). Assets: $11M.

#7,790
in Manufacturing (17,777 peers)
-33.7%
assets change YoY

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

Theory Wellness, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$10,865,913 Top 42% higher than 58% 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

Theory Wellness, Inc. Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Theory Wellness, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (239 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Theory Wellness, Inc. Employee Stock Ownership Plan reported net income rose from -$61M in the plan year 2023 filing to $4M in the plan year 2024 filing.
  • Theory Wellness, Inc. Employee Stock Ownership Plan end-of-year assets fell from $16M in the plan year 2023 filing to $11M in the plan year 2024 filing.
  • Theory Wellness, Inc. Employee Stock Ownership Plan reported participants fell from 260 in the plan year 2023 filing to 239 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 475615911 · Theory Wellness Inc. PY 2024 · ESOP

Theory Wellness, Inc. Employee Stock Ownership Plan · $11M · 239 · 58th

  • BOY $11M
  • SCH 239
  • EBSA 58th
  • PART ESOP
  • TYPE near Solid It Networks, Inc. Employee Stock Ownership Plan
  • NET ind #7790

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 Massachusetts →

Theory Wellness, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Theory Wellness, Inc. Employee Stock Ownership PlanTheory Wellness, Inc. Employ…$11MSolid It Networks, Inc. Employee Stock Ownership PlanSolid It Networks, Inc. Empl…$11MKurtz Bros. Employee Stock Ownership PlanKurtz Bros. Employee Stock O…$11MFullerton Glass Co. Employee Stock Ownership PlanFullerton Glass Co. Employee…$11MMiller Proctor Nickolas Inc. Employee Stock Ownership PlanMiller Proctor Nickolas Inc.…$11M
End-of-year total assets ($M) among Theory Wellness, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Massachusetts filing particulars

Total Assets (Beginning of Year)$16M
Net Assets (End of Year)-$57M
Net Income$4M
Employer EIN475615911
Plan Effective Date2023-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Theory Wellness Inc.)

Sponsor-wide plan assets over time

All Theory Wellness Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$13M 1562.086700584875% vs 2022
2024 filing year
$0M$5M$10M$15M$20M 202220232024 $0.79M $13.2M ▲ +1569.6%
Year Plans Participants Total Assets
2022 1 210 $794K
2023 1 260 $16M
2024 2 452 $13M

Nearby ESOP Plans in Massachusetts

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

Theory Wellness, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. 0500100015002000 -2000200400600800 Total assets ($M) Participants Theory Wellness, Inc. Employee Stock Ownership Plan, Total assets ($M): 10.865913 · Participants: 239Theory Wellness, Inc. Employee Stock Ownership PlanConsigli Building Group Employee Stock Ownership Plan, Total assets ($M): 729.34706 · Participants: 1684Consigli Building Group Employee Stock Ownership PlanThe Gillette Company Employee Stock Ownership Plan, Total assets ($M): 367.792322 · Participants: 139The Gillette Company Employee Stock Ownership PlanFirst Amended and Restated Creative Financial Staffing, Inc. Employee Stock Ownership Plan, Total assets ($M): 253.372727 · Participants: 445First Amended and Restated Creative Financial Staffing, Inc. Employee Stock Ownership PlanDavid Clark Employee Stock Ownership Plan, Total assets ($M): 182.6375 · Participants: 236David Clark Employee Stock Ownership PlanNew England Biolabs, Inc. Non-Voting Stock Ownership Plan, Total assets ($M): 162.974294 · Participants: 424New England Biolabs, Inc. Non-Voting Stock Ownership Plan
Theory Wellness, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants
Compare Theory Wellness, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Massachusetts, the nearest ESOP by assets is Solid It Networks, Inc. Employee Stock Ownership Plan in TX ($11M); by covered participants it is Venezia's Employee Stock Ownership Plan in AZ (239 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (239 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 Theory Wellness, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Theory Wellness, Inc. Employee Stock Ownership Plan contracted severely - down 33.7% during 2024, from $16M to $11M. Reported net income was $4M.
How have Theory Wellness Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Theory Wellness Inc.'s sponsor-wide assets grew 1562.1%, from $794K to $13M.
Which ESOP plans are similar in size to Theory Wellness, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Solid It Networks, Inc. Employee Stock Ownership Plan in TX ($11M, 23 participants).
Which ESOP plans cover a similar participant headcount to Theory Wellness, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Venezia's Employee Stock Ownership Plan in AZ (239 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 475615911.

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.