ESOP · DOL Form 5500 · 2024

Ablenet, Inc. ESOP

Data updated 2026-08-25

$460M
Total assets Above avg plan size
134
Participants Small participant base
97th
Percentile by assets National rank
$3.4M
Avg per participant High balance/head
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Official DOL plan name: Ablenet, Inc. Employee Stock Ownership Plan · Sponsored by Ablenet, Inc. · Minnesota · Manufacturing

$460M in assets, 134 participants

Ablenet, Inc.'s Ablenet, Inc. Employee Stock Ownership Plan reported $460M in total assets and 134 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.

  • #16,925 in Manufacturing (17,777 peers)

Coverage in Minnesota

Ablenet, Inc. Employee Stock Ownership Plan covers 134 participants in Minnesota, about 12% of the average Minnesota filer (state average ~1,126 per filing). Assets: $460M.

#16,925
in Manufacturing (17,777 peers)
+94.2%
assets growth YoY
4.6×
vs typical plan assets (national mean)

Ablenet, Inc. Employee Stock Ownership Plan's outsized position by total assets

Ablenet, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$459,837,439 Top 3% higher than 97% 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

Ablenet, Inc. 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. Ablenet, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (134 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Ablenet, Inc. Employee Stock Ownership Plan reported participants rose from 68 in the plan year 2023 filing to 134 in the plan year 2024 filing.
  • Ablenet, Inc. Employee Stock Ownership Plan end-of-year assets rose from $237M in the plan year 2023 filing to $460M in the plan year 2024 filing.
  • Ablenet, Inc. Employee Stock Ownership Plan reported net income rose from $141M in the plan year 2023 filing to $268M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 411676309 · Ablenet, Inc. PY 2024 · ESOP

Ablenet, Inc. Employee Stock Ownership Plan · $460M · 134 · 97th

  • VS-ST $460M
  • BOY 134
  • SCH 97th
  • EBSA ESOP
  • PART near Gensler Employee Stock Ownership Plan
  • TYPE ind #16925

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 Minnesota →

Ablenet, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Paridise Holdings, Inc. Employee Stock Ownership PlanParidise Holdings, Inc. Empl…$467MAblenet, Inc. Employee Stock Ownership PlanAblenet, Inc. Employee Stock…$460MGensler Employee Stock Ownership PlanGensler Employee Stock Owner…$454MProject Worldwide, Inc. Employee Stock Ownership PlanProject Worldwide, Inc. Empl…$453MNorth Coast Holdings Employee Stock Ownership PlanNorth Coast Holdings Employe…$451M
End-of-year total assets ($M) among Ablenet, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$237M
Net Assets (End of Year)$455M
Net Income$268M
Employer EIN411676309
Plan Effective Date1992-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Ablenet, Inc.)

Sponsor-wide plan assets over time

All Ablenet, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$467M 386.6143513044994% vs 2022
2024 filing year
$0M$200M$400M$600M 202220232024 $95.9M $467M ▲ +386.6%
Year Plans Participants Total Assets
2022 1 54 $96M
2023 1 68 $237M
2024 2 267 $467M

Nearby ESOP Plans in Minnesota

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

Ablenet, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 2004006008001000 Total assets ($M) Participants Ablenet, Inc. Employee Stock Ownership Plan, Total assets ($M): 459.837439 · Participants: 134Ablenet, Inc. Employee Stock Ownership PlanAndersen Corporation Employee Stock Ownership Plan, Total assets ($M): 962.686911 · Participants: 12104Andersen Corporation Employee Stock Ownership PlanLandscape Structures, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 593.784492 · Participants: 490Landscape Structures, Inc. Employee Stock Ownership Plan and TrustKingdom Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 593.525018 · Participants: 782Kingdom Enterprises, Inc. Employee Stock Ownership PlanForce America Inc. Employee Stock Ownership Plan, Total assets ($M): 472.716981 · Participants: 615Force America Inc. Employee Stock Ownership PlanHormel Foods Corporation Joint Earnings Profit Sharing Trust, Total assets ($M): 424.317589 · Participants: 4375Hormel Foods Corporation Joint Earnings Profit Sharing Trust
Ablenet, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Ablenet, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Ablenet, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is Gensler Employee Stock Ownership Plan in CA ($454M); by covered participants it is Superior Electric Great Lakes Company Employee Stock Ownership Plan in MI (134 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (134 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 Ablenet, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Ablenet, Inc. Employee Stock Ownership Plan surged - up 94.2% during 2024, from $237M to $460M. Reported net income was $268M.
How have Ablenet, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Ablenet, Inc.'s sponsor-wide assets grew 386.6%, from $96M to $467M.
Where does Ablenet, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Ablenet, Inc. Employee Stock Ownership Plan ranks in the 97th percentile by end-of-year assets among 123,622 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 Ablenet, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Gensler Employee Stock Ownership Plan in CA ($454M, 4,147 participants).
Which ESOP plans cover a similar participant headcount to Ablenet, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Superior Electric Great Lakes Company Employee Stock Ownership Plan in MI (134 participants, $168M 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 411676309.

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.