ESOP · DOL Form 5500 · 2024

Engineered Seal Products, Inc. ESOP

Data updated 2026-08-11

$25M
Total assets
161
Participants
74th
Percentile by assets
$153,522
Avg per participant
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Official DOL plan name: Engineered Seal Products, Inc. Employee Stock Ownership Plan · Sponsored by Engineered Seal Products, Inc. · Iowa · Manufacturing

$25M in assets, 161 participants

Engineered Seal Products, Inc.'s Engineered Seal Products, Inc. Employee Stock Ownership Plan reported $25M in total assets and 161 participants in its 2024 DOL Form 5500 filing, ranking in the 74th 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.

  • 74th percentile by assets (of 123,622 plans)
  • #11,466 in Manufacturing (17,777 peers)

Coverage in Iowa

Engineered Seal Products, Inc. Employee Stock Ownership Plan covers 161 participants in Iowa, about 26% of the average Iowa filer (state average ~609 per filing). Assets: $25M.

$25M
total plan assets (2024 EOY)
161
covered participants
74th
percentile by assets (of 123,622 plans)
$153,522
avg assets per participant

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Engineered Seal Products, Inc. Employee Stock Ownership Plan sits by total assets

Engineered Seal Products, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$24,717,122 Top 26% higher than 74% of 123,620 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Engineered Seal Products, Inc. Employee Stock Ownership Plan reported net income fell from $5M in the plan year 2023 filing to -$2M in the plan year 2024 filing.
  • Engineered Seal Products, Inc. Employee Stock Ownership Plan end-of-year assets fell from $27M in the plan year 2023 filing to $25M in the plan year 2024 filing.
  • Engineered Seal Products, Inc. Employee Stock Ownership Plan reported participants rose from 149 in the plan year 2023 filing to 161 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Iowa
Industry
Manufacturing

Participants vs Iowa filers

In Iowa, the average filing covers about 609 participants across 1,246 plans. Engineered Seal Products, Inc. Employee Stock Ownership Plan reports 161 participants - about 26% of that state average ($25M EOY assets).

Iowa filing particulars

Total Assets (Beginning of Year)$27M
Net Assets (End of Year)$19M
Net Income-$2M
Employer EIN420993797
Plan Effective Date1999-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Engineered Seal Products, Inc.)

$28M$30M$32M$34M$36M 202220232024 $29.2M $34.9M ▲ +19.3%
Total plan assets by year, all Engineered Seal Products, Inc. plans on file
Year Plans Participants Total Assets
2022 2 295 $29M
2023 2 374 $35M
2024 2 398 $35M

Nearby ESOP Plans in Iowa

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

Engineered Seal Products, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants Scatter plot of 6 data points. 050010001500 -20002004006008001000 Total assets ($M) Participants Engineered Seal Prod…, Total assets ($M): 24.717122 · Participants: 161Engineered Seal Prod…Employee Owned Brand…, Total assets ($M): 877.41862 · Participants: 819Employee Owned Brand…Van Meter Industrial…, Total assets ($M): 658.666503 · Participants: 849Van Meter Industrial…Ita Group Holdings, …, Total assets ($M): 498.079165 · Participants: 907Ita Group Holdings, …Precision, Inc. Empl…, Total assets ($M): 472.977214 · Participants: 658Precision, Inc. Empl…Vgm Group, Inc. Empl…, Total assets ($M): 426.304167 · Participants: 1169Vgm Group, Inc. Empl…
Engineered Seal Products, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants
Compare Engineered Seal Products, Inc. Employee … side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Engineered Seal Products, Inc. Employee Stock Ownership Plan by total assets, not by location.

Frequently Asked Questions

How did Engineered Seal Products, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Engineered Seal Products, Inc. Employee Stock Ownership Plan pulled back noticeably - down 9.1% during 2024, from $27M to $25M. Reported net income was -$2M.
How have Engineered Seal Products, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Engineered Seal Products, Inc.'s sponsor-wide assets grew 19.3%, from $29M to $35M.
Which ESOP plans are similar in size to Engineered Seal Products, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Kirkwood Holding Inc. Employees' Stock Ownership Trust and Plan in OH ($25M, 148 participants).

Next read for Engineered Seal Products, Inc. Employee …

Filing takeaways

Ways to act on Engineered Seal Products, Inc. Employee Stock Ownership Plan's numbers.

  • By total assets, Engineered Seal Products, Inc. Employee Stock Ownership Plan ranks above the median plan by assets. See the largest plans
  • Compare it side-by-side against 3 similar ESOP plans in Iowa. Compare plans
  • Engineered Seal Products, Inc.'s sponsor-wide assets have grown 19.3% 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 420993797.

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.