ESOP · DOL Form 5500 · 2024

Thermoflex Corporation ESOP

Data updated 2026-08-25

$100M
Total assets Near avg plan size
487
Participants Below avg headcount
90th
Percentile by assets National rank
$204,917
Avg per participant Above avg balance/head
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Official DOL plan name: Thermoflex Corp. Employee Stock Ownership Plan · Sponsored by Thermoflex Corporation · Illinois · Manufacturing

$100M in assets, 487 participants

Thermoflex Corporation's Thermoflex Corp. Employee Stock Ownership Plan reported $100M in total assets and 487 participants in its 2024 DOL Form 5500 filing, ranking in the 90th 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.

  • #15,252 in Manufacturing (17,777 peers)

Where Thermoflex Corp. Employee Stock Ownership Plan sits by assets

Thermoflex Corp. Employee Stock Ownership Plan sits in the top 10% of all filed plans by assets, $100M for 487 participants (~$204,917/participant), down 8.4% in 2024.

#15,252
in Manufacturing (17,777 peers)
-8.4%
assets change YoY
1.0×
vs typical plan assets (national mean)

The plan reported a net loss of $8M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Thermoflex Corp. Employee Stock Ownership Plan's outsized position by total assets

Thermoflex Corp. Employee Stock Ownership Plan vs every filed plan by assets

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

$99,794,429 Top 10% higher than 90% 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

Thermoflex Corp. 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. Thermoflex Corp. Employee Stock Ownership Plan sits mid-pack in the medium band (487 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Thermoflex Corp. Employee Stock Ownership Plan reported net income fell from $64M in the plan year 2023 filing to -$8M in the plan year 2024 filing.
  • Thermoflex Corp. Employee Stock Ownership Plan reported participants rose from 418 in the plan year 2023 filing to 487 in the plan year 2024 filing.
  • Thermoflex Corp. Employee Stock Ownership Plan end-of-year assets fell from $109M in the plan year 2023 filing to $100M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 363734832 · Thermoflex Corporation PY 2024 · ESOP

Thermoflex Corp. Employee Stock Ownership Plan · $100M · 487 · 90th

  • BOOK $100M
  • BOOK 487
  • BOOK 90th
  • BOOK ESOP
  • BOOK near Fast Global Solutions, Inc. Employee Stock Ownership Plan
  • BOOK ind #15252

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 Illinois →

Thermoflex Corp. Employee Stock Ownership Plan in the asset neighbourhood

Architectural Glass & Aluminum Group, Inc. Employee Stock Ownership PlanArchitectural Glass & Alumin…$100MFabarc Steel Supply, Inc. Employee Stock Ownership PlanFabarc Steel Supply, Inc. Em…$100MThermoflex Corp. Employee Stock Ownership PlanThermoflex Corp. Employee St…$100MFast Global Solutions, Inc. Employee Stock Ownership PlanFast Global Solutions, Inc. …$100MNorthwest Pump & Equipment Co. Employee Stock Ownership PlanNorthwest Pump & Equipment C…$99M
End-of-year total assets ($M) among Thermoflex Corp. Employee 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)$109M
Net Assets (End of Year)$91M
Net Income-$8M
Employer EIN363734832
Plan Effective Date2013-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Thermoflex Corporation)

Sponsor-wide plan assets over time

All Thermoflex Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$112M 116.41932302225007% vs 2022
2024 filing year
$40M$60M$80M$100M$120M$140M 202220232024 $51.7M $112M ▲ +116.4%
Year Plans Participants Total Assets
2022 2 1,103 $52M
2023 2 1,105 $118M
2024 2 1,246 $112M

Nearby ESOP Plans in Illinois

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

Thermoflex Corp. Employee Stock Ownership Plan vs. nearby ESOP plans in Illinois, assets vs. participants Scatter plot of 6 data points. 0200040006000800010000 -101234 Total assets ($B) Participants Thermoflex Corp. Employee Stock Ownership Plan, Total assets ($B): 0.099794429 · Participants: 487Thermoflex Corp. Employee Stock Ownership PlanAmsted Industries Incorporated Employees' Stock Ownership Plan, Total assets ($B): 3.699095694 · Participants: 4909Amsted Industries Incorporated Employees' Stock Ownership PlanKehe Distributors, Inc. Employee Stock Ownership Plan, Total assets ($B): 2.165348047 · Participants: 4815Kehe Distributors, Inc. Employee Stock Ownership PlanScot Forge Company Employee Stock Ownership Plan, Total assets ($B): 1.429776889 · Participants: 491Scot Forge Company Employee Stock Ownership PlanBdo USA Employee Stock Ownership Plan, Total assets ($B): 1.0622005 · Participants: 9258Bdo USA Employee Stock Ownership PlanShorr Paper Products, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.430213996 · Participants: 543Shorr Paper Products, Inc. Employee Stock Ownership Plan
Thermoflex Corp. Employee Stock Ownership Plan vs. nearby ESOP plans in Illinois, assets vs. participants

Thermoflex Corp. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Illinois, the nearest ESOP by assets is Fast Global Solutions, Inc. Employee Stock Ownership Plan in MN ($100M); by covered participants it is Jcs Family, Inc Employee Stock Ownership Plan in PA (487 participants). Same-state nearby plans are listed separately above.

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 Thermoflex Corp. Employee Stock Ownership Plan assets move in 2024?
Thermoflex Corp. Employee Stock Ownership Plan pulled back noticeably - down 8.4% during 2024, from $109M to $100M. Reported net income was -$8M.
How have Thermoflex Corporation plan assets changed over time?
Across 3 plan years on file (2022-2024), Thermoflex Corporation's sponsor-wide assets grew 116.4%, from $52M to $112M.
Where does Thermoflex Corp. Employee Stock Ownership Plan rank by assets among Form 5500 filers?
Thermoflex Corp. Employee Stock Ownership Plan ranks in the 90th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which ESOP plans are similar in size to Thermoflex Corp. Employee Stock Ownership Plan?
Among ESOP plans in other states, the closest by assets is Fast Global Solutions, Inc. Employee Stock Ownership Plan in MN ($100M, 435 participants).
Which ESOP plans cover a similar participant headcount to Thermoflex Corp. Employee Stock Ownership Plan?
Among ESOP plans in other states, the closest by covered participants is Jcs Family, Inc Employee Stock Ownership Plan in PA (487 participants, $23M in assets).