ESOP · DOL Form 5500 · 2024

Newwave Technologies Inc. ESOP

Data updated 2026-08-25

$12M
Total assets Small plan by assets
36
Participants Small participant base
60th
Percentile by assets National rank
$342,325
Avg per participant High balance/head
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Official DOL plan name: Newwave Technologies, Inc. Employee Stock Ownership Plan · Sponsored by Newwave Technologies Inc. · Maryland · Wholesale Trade

$12M in assets, 36 participants

Newwave Technologies Inc.'s Newwave Technologies, Inc. Employee Stock Ownership Plan reported $12M in total assets and 36 participants in its 2024 DOL Form 5500 filing, ranking in the 60th 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.

  • #3,185 in Wholesale Trade (6,080 peers)

Newwave Technologies Inc. multi-year trail

Newwave Technologies Inc.'s plans moved +26.9% in assets from 2022 to 2024; this filing shows Newwave Technologies, Inc. Employee Stock Ownership Plan at $12M / 36 participants.

#3,185
in Wholesale Trade (6,080 peers)
+15.6%
assets growth YoY

Newwave Technologies, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Wholesale Trade and all filers

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

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

$12,323,682 Top 40% higher than 60% 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

Newwave Technologies, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Newwave Technologies, Inc. Employee Stock Ownership Plan is a small filing (36 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Newwave Technologies, Inc. Employee Stock Ownership Plan reported net income rose from $977K in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Newwave Technologies, Inc. Employee Stock Ownership Plan end-of-year assets rose from $11M in the plan year 2023 filing to $12M in the plan year 2024 filing.
  • Newwave Technologies, Inc. Employee Stock Ownership Plan reported participants fell from 40 in the plan year 2023 filing to 36 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 521777455 · Newwave Technologies Inc. PY 2024 · ESOP

Newwave Technologies, Inc. Employee Stock Ownership Plan · $12M · 36 · 60th

  • TYPE $12M
  • TYPE 36
  • TYPE 60th
  • TYPE ESOP
  • TYPE near Columbia Cosmetics Manufacturing, Inc. Employee Stock Ownership Plan
  • TYPE ind #3185

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 Maryland →

Newwave Technologies, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Nkw, Inc. Employee Stock Ownership PlanNkw, Inc. Employee Stock Own…$12MNewwave Technologies, Inc. Employee Stock Ownership PlanNewwave Technologies, Inc. E…$12MColumbia Cosmetics Manufacturing, Inc. Employee Stock Ownership PlanColumbia Cosmetics Manufactu…$12MGermane Solutions Employee Stock Ownership PlanGermane Solutions Employee S…$12MHappy Harry's Holdings, Inc. Employee Stock Ownership PlanHappy Harry's Holdings, Inc.…$12M
End-of-year total assets ($M) among Newwave Technologies, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Newwave Technologies Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Newwave Technologies Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$12M 26.89931179751273% vs 2022
2024 filing year
$9M$10M$11M$12M$13M 202220232024 $9.71M $12.3M ▲ +26.9%
Year Plans Participants Total Assets
2022 1 42 $10M
2023 1 40 $11M
2024 1 36 $12M

Newwave Technologies Inc. filing trail (2024)

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$12M
Net Income$2M
Employer EIN521777455
Plan Effective Date2012-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Maryland

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

Newwave Technologies, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Maryland, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -0.500.511.5 Total assets ($B) Participants Newwave Technologies, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.012323682 · Participants: 36Newwave Technologies, Inc. Employee Stock Ownership PlanEvapco, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.142811894 · Participants: 1803Evapco, Inc. Employee Stock Ownership PlanWestat, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.418966511 · Participants: 3167Westat, Inc. Employee Stock Ownership PlanKci Technologies, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.392391805 · Participants: 1918Kci Technologies, Inc. Employee Stock Ownership PlanLockheed Martin Corporation Capital Accumulation Plan, Total assets ($B): 0.283619058 · Participants: 7445Lockheed Martin Corporation Capital Accumulation PlanBrown Capital Management ESOP, Total assets ($B): 0.211360737 · Participants: 35Brown Capital Management ESOP
Newwave Technologies, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Maryland, assets vs. participants
Compare Newwave Technologies, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Maryland, the nearest ESOP by assets is Columbia Cosmetics Manufacturing, Inc. Employee Stock Ownership Plan in CA ($12M); by covered participants it is First Harrison Bank Employee Stock Ownership Plan in IN (36 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (36 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 Newwave Technologies, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Newwave Technologies, Inc. Employee Stock Ownership Plan grew sharply - up 15.6% during 2024, from $11M to $12M. Reported net income was $2M.
How have Newwave Technologies Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Newwave Technologies Inc.'s sponsor-wide assets grew 26.9%, from $10M to $12M.
Which ESOP plans are similar in size to Newwave Technologies, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Columbia Cosmetics Manufacturing, Inc. Employee Stock Ownership Plan in CA ($12M, 54 participants).
Which ESOP plans cover a similar participant headcount to Newwave Technologies, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is First Harrison Bank Employee Stock Ownership Plan in IN (36 participants, $2M 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 521777455.

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.