ESOP · DOL Form 5500 · 2024

Windings Inc. ESOP

Data updated 2026-07-24

$37M
Total assets: 148
Participants: 80th
Percentile by assets: $251,623
Avg per participant

Official DOL plan name: Windings, Inc. 2012 Amended and Restated Employee Stock Ownership Plan · Sponsored by Windings Inc. · Minnesota · Manufacturing

$37M in assets, 148 participants

Windings Inc.'s Windings, Inc. 2012 Amended and Restated Employee Stock Ownership Plan reported $37M in total assets and 148 participants in its 2024 DOL Form 5500 filing, ranking in the 80th 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.

80th percentile by assets (of 116,472 plans)

Coverage in Minnesota

Windings, Inc. 2012 Amended and Restated Employee Stock Ownership Plan covers 148 participants in Minnesota, about 13% of the average Minnesota filer (state average ~1,161 per filing). Assets: $37M.

$37M
total plan assets (2024 EOY): 148
covered participants: 80th
percentile by assets (of 116,472 plans): $251,623
avg assets per participant

The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Windings, Inc. 2012 Amended and Restated Employee Stock Ownership Plan reported net income fell from $9M in the plan year 2023 filing to -$4M in the plan year 2024 filing.
Windings, Inc. 2012 Amended and Restated Employee Stock Ownership Plan end-of-year assets fell from $40M in the plan year 2023 filing to $37M in the plan year 2024 filing.
Windings, Inc. 2012 Amended and Restated Employee Stock Ownership Plan reported participants fell from 153 in the plan year 2023 filing to 148 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Minnesota

Industry

Manufacturing

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,161 participants across 2,725 plans. Windings, Inc. 2012 Amended and Restated Employee Stock Ownership Plan reports 148 participants - about 13% of that state average ($37M EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)	$40M
Net Assets (End of Year)	$24M
Net Income	-$4M
Employer EIN	411456407
Plan Effective Date	1998-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Windings Inc.)

Total plan assets by year, all Windings Inc. plans on file

Year	Plans	Participants	Total Assets
2022	2	275	$41M
2023	2	283	$52M
2024	2	300	$49M

Nearby ESOP Plans in Minnesota

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

Windings, Inc. 2012 Amended and Restated Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants

Andersen Corporation Employee Stock Ownership Plan $963M · 12,104
Landscape Structures, Inc. Employee Stock Ownership Plan and Trust $594M · 490
Kingdom Enterprises, Inc. Employee Stock Ownership Plan $594M · 782
Ablenet, Inc. Employee Stock Ownership Plan $460M · 134
Hormel Foods Corporation Joint Earnings Profit Sharing Trust $424M · 4,375

Compare Windings, Inc. 2012 Amended and Restated… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Windings, Inc. 2012 Amended and Restated Employee Stock Ownership Plan by total assets, not by location.

Emerald Asset Management Employee Stock Ownership Plan (PA) $37M · 38
Ryba Marine Construction Co. Employee Stock Ownership Plan (MI) $37M · 50
Vps Employee Stock Ownership Plan (SD) $37M · 354
Janotta & Herner, Inc. Employee Stock Ownership Plan and Trust (OH) $37M · 143

Frequently Asked Questions

How did Windings, Inc. 2012 Amended and Restated Employee Stock Ownership Plan assets move in 2024? ▼

Windings, Inc. 2012 Amended and Restated Employee Stock Ownership Plan pulled back noticeably - down 7.9% during 2024, from $40M to $37M. Reported net income was -$4M.

How have Windings Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Windings Inc.'s sponsor-wide assets grew 19.8%, from $41M to $49M.

Where does Windings, Inc. 2012 Amended and Restated Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼

Windings, Inc. 2012 Amended and Restated Employee Stock Ownership Plan ranks in the 80th percentile by end-of-year assets among 116,472 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 Windings, Inc. 2012 Amended and Restated Employee Stock Ownership Plan? ▼

Among ESOP plans in other states, the closest by assets is Emerald Asset Management Employee Stock Ownership Plan in PA ($37M, 38 participants).

Next read for Windings, Inc. 2012 Amended and Restated…

Filing takeaways

Ways to act on Windings, Inc. 2012 Amended and Restated Employee Stock Ownership Plan's numbers.

By total assets, Windings, Inc. 2012 Amended and Restated Employee Stock Ownership Plan ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar ESOP plans in Minnesota. Compare plans
Windings Inc.'s sponsor-wide assets have grown 19.8% 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 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 411456407.

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.