ESOP · DOL Form 5500 · 2024

Newage Industries, Inc. ESOP

Data updated 2026-07-24

$296M
Total assets: 264
Participants: 96th
Percentile by assets: $1.1M
Avg per participant

Official DOL plan name: Newage Industries, Inc. Employee Stock Ownership Plan · Sponsored by Newage Industries, Inc. · Pennsylvania · Manufacturing

$296M in assets, 264 participants

Newage Industries, Inc.'s Newage Industries, Inc. Employee Stock Ownership Plan reported $296M in total assets and 264 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.

96th percentile by assets (of 116,472 plans)

Coverage in Pennsylvania

Newage Industries, Inc. Employee Stock Ownership Plan covers 264 participants in Pennsylvania, about 32% of the average Pennsylvania filer (state average ~824 per filing). Assets: $296M.

$296M
total plan assets (2024 EOY): 264
covered participants: 96th
percentile by assets (of 116,472 plans): $1.1M
avg assets per participant

Newage Industries, Inc. Employee Stock Ownership Plan reported net income rose from -$50M in the plan year 2023 filing to $41M in the plan year 2024 filing.
Newage Industries, Inc. Employee Stock Ownership Plan end-of-year assets rose from $258M in the plan year 2023 filing to $296M in the plan year 2024 filing.
Newage Industries, Inc. Employee Stock Ownership Plan reported participants fell from 292 in the plan year 2023 filing to 264 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Pennsylvania

Industry

Manufacturing

Participants vs Pennsylvania filers

In Pennsylvania, the average filing covers about 824 participants across 5,360 plans. Newage Industries, Inc. Employee Stock Ownership Plan reports 264 participants - about 32% of that state average ($296M EOY assets).

Pennsylvania filing particulars

Total Assets (Beginning of Year)	$258M
Net Assets (End of Year)	$223M
Net Income	$41M
Employer EIN	231475225
Plan Effective Date	2006-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Newage Industries, Inc.)

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

Year	Plans	Participants	Total Assets
2022	2	548	$328M
2023	2	569	$276M
2024	2	521	$318M

Nearby ESOP Plans in Pennsylvania

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

Newage Industries, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Pennsylvania, assets vs. participants

Wawa, Inc. Employee Stock Ownership Plan $5.5B · 37,745
Bradford White Corporation Employee Stock Ownership Plan and Trust Agreement $1.8B · 544
Centimark Corporation Employee Stock Ownership Plan and Trust $680M · 2,444
D & H Employee Stock Ownership Plan $314M · 1,459
Employee Stock Ownership Plan of the Bank of New York Company, Inc. $244M · 2,437

Compare Newage Industries, Inc. Employee Stock O… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Newage Industries, Inc. Employee Stock Ownership Plan by total assets, not by location.

Locke Supply Co. Employee Stock Ownership Plan (OK) $293M · 1,287
Hatco Corporation Employee Stock Ownership Plan (WI) $291M · 705
Extreme Engineering Solutions, Inc. Employee Stock Ownership Plan (WI) $291M · 368
Conair LLC Savings and Investment Plan (NJ) $303M · 1,275

Frequently Asked Questions

How did Newage Industries, Inc. Employee Stock Ownership Plan assets move in 2024? ▼

Newage Industries, Inc. Employee Stock Ownership Plan grew at a solid clip - up 14.8% during 2024, from $258M to $296M. Reported net income was $41M.

How have Newage Industries, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Newage Industries, Inc.'s sponsor-wide assets declined 2.8%, from $328M to $318M.

Where does Newage Industries, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼

Newage Industries, Inc. Employee Stock Ownership Plan ranks in the 96th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).

Which ESOP plans are similar in size to Newage Industries, Inc. Employee Stock Ownership Plan? ▼

Among ESOP plans in other states, the closest by assets is Locke Supply Co. Employee Stock Ownership Plan in OK ($293M, 1,287 participants).

Next read for Newage Industries, Inc. Employee Stock O…

Filing takeaways

Ways to act on Newage Industries, Inc. Employee Stock Ownership Plan's numbers.

By total assets, Newage Industries, Inc. Employee Stock Ownership Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar ESOP plans in Pennsylvania. Compare plans
Newage Industries, Inc.'s sponsor-wide assets have declined 2.8% 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 231475225.

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.