ESOP · DOL Form 5500 · 2024

Thielsch Engineering, Inc. ESOP

Data updated 2026-08-25

$68M
Total assets Below avg plan size
470
Participants Below avg headcount
87th
Percentile by assets National rank
$144,719
Avg per participant Above avg balance/head
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Official DOL plan name: Thielsch Engineering Employee Stock Ownership Plan · Sponsored by Thielsch Engineering, Inc. · Rhode Island · Professional & Technical Services

$68M in assets, 470 participants

Thielsch Engineering, Inc.'s Thielsch Engineering Employee Stock Ownership Plan reported $68M in total assets and 470 participants in its 2024 DOL Form 5500 filing, ranking in the 87th 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.

  • #17,819 in Professional & Technical Services (20,173 peers)

Coverage in Rhode Island

Thielsch Engineering Employee Stock Ownership Plan covers 470 participants in Rhode Island, about 32% of the average Rhode Island filer (state average ~1,449 per filing). Assets: $68M.

#17,819
in Professional & Technical Services (20,173 peers)
+3.9%
assets growth YoY
0.7×
vs typical plan assets (national mean)

Thielsch Engineering Employee Stock Ownership Plan's outsized position by total assets

Thielsch Engineering Employee Stock Ownership Plan vs every filed plan by assets

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

$68,017,958 Top 13% higher than 87% 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

Thielsch Engineering 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. Thielsch Engineering Employee Stock Ownership Plan sits mid-pack in the medium band (470 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Thielsch Engineering Employee Stock Ownership Plan reported net income fell from $8M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Thielsch Engineering Employee Stock Ownership Plan end-of-year assets rose from $65M in the plan year 2023 filing to $68M in the plan year 2024 filing.
  • Thielsch Engineering Employee Stock Ownership Plan reported participants fell from 477 in the plan year 2023 filing to 470 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 050405629 · Thielsch Engineering, Inc. PY 2024 · ESOP

Thielsch Engineering Employee Stock Ownership Plan · $68M · 470 · 87th

  • BOOK $68M
  • BOOK 470
  • BOOK 87th
  • BOOK ESOP
  • BOOK near Newport Industries, Inc. Employee Stock Ownership Plan
  • BOOK ind #17819

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 Rhode Island →

Thielsch Engineering Employee Stock Ownership Plan in the asset neighbourhood

Bsc Ventures Holdings, Inc. Employee Stock Ownership PlanBsc Ventures Holdings, Inc. …$68MNewport Industries, Inc. Employee Stock Ownership PlanNewport Industries, Inc. Emp…$68MThielsch Engineering Employee Stock Ownership PlanThielsch Engineering Employe…$68MThe Cummins Construction Company, Inc. Employee Stock Ownership PlanThe Cummins Construction Com…$68MHinderliter, De Llamas & Associates ESOPHinderliter, De Llamas & Ass…$68M
End-of-year total assets ($M) among Thielsch Engineering Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Rhode Island filing particulars

Total Assets (Beginning of Year)$65M
Net Assets (End of Year)$68M
Net Income$3M
Employer EIN050405629
Plan Effective Date2008-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Thielsch Engineering, Inc.)

Sponsor-wide plan assets over time

All Thielsch Engineering, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$133M 19.323503567772736% vs 2022
2024 filing year
$100M$110M$120M$130M$140M 202220232024 $112M $133M ▲ +19.3%
Year Plans Participants Total Assets
2022 2 991 $112M
2023 2 982 $129M
2024 2 1,054 $133M

Nearby ESOP Plans in Rhode Island

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

Thielsch Engineering Employee Stock Ownership Plan vs. nearby ESOP plans in Rhode Island, assets vs. participants Scatter plot of 6 data points. -1000010002000300040005000 -0.500.511.5 Total assets ($B) Participants Thielsch Engineering Employee Stock Ownership Plan, Total assets ($B): 0.068017958 · Participants: 470Thielsch Engineering Employee Stock Ownership PlanThe Bank of America Transferred Savings Account Plan, Total assets ($B): 1.120678048 · Participants: 4298The Bank of America Transferred Savings Account PlanNewport Harbor Corporation Employee Stock Ownership Plan, Total assets ($B): 0.071215587 · Participants: 1124Newport Harbor Corporation Employee Stock Ownership PlanCentury Drywall, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.065892408 · Participants: 44Century Drywall, Inc. Employee Stock Ownership PlanBeta Group, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.030087119 · Participants: 173Beta Group, Inc. Employee Stock Ownership PlanMarine Acoustics, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.007279624 · Participants: 47Marine Acoustics, Inc. Employee Stock Ownership Plan
Thielsch Engineering Employee Stock Ownership Plan vs. nearby ESOP plans in Rhode Island, assets vs. participants
Compare Thielsch Engineering Employee Stock Ownership Plan side-by-side with 3 peers →

Thielsch Engineering Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Rhode Island, the nearest ESOP by assets is Newport Industries, Inc. Employee Stock Ownership Plan in IL ($68M); by covered participants it is Tighe & Bond, Inc. Employee Stock Ownership Plan in MA (470 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (470 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 Thielsch Engineering Employee Stock Ownership Plan assets move in 2024? ▼
Thielsch Engineering Employee Stock Ownership Plan edged up modestly - up 3.9% during 2024, from $65M to $68M. Reported net income was $3M.
How have Thielsch Engineering, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Thielsch Engineering, Inc.'s sponsor-wide assets grew 19.3%, from $112M to $133M.
Where does Thielsch Engineering Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Thielsch Engineering Employee Stock Ownership Plan ranks in the 87th 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 Thielsch Engineering Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Newport Industries, Inc. Employee Stock Ownership Plan in IL ($68M, 124 participants).
Which ESOP plans cover a similar participant headcount to Thielsch Engineering Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Tighe & Bond, Inc. Employee Stock Ownership Plan in MA (470 participants, $34M 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 050405629.

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.