ESOP · DOL Form 5500 · 2024

Downes Holding Company, Inc. ESOP

Data updated 2026-08-25

$51M
Total assets Below avg plan size
50
Participants Small participant base
84th
Percentile by assets National rank
$1.0M
Avg per participant High balance/head
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Official DOL plan name: Downes Holding Company, Inc. Employee Stock Ownership Plan · Sponsored by Downes Holding Company, Inc. · Connecticut · Construction

$51M in assets, 50 participants

Downes Holding Company, Inc.'s Downes Holding Company, Inc. Employee Stock Ownership Plan reported $51M in total assets and 50 participants in its 2024 DOL Form 5500 filing, ranking in the 84th 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.

  • #7,467 in Construction (9,039 peers)

Where Downes Holding Company, Inc. Employee Stock Ownership Plan sits by assets

Downes Holding Company, Inc. Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $51M for 50 participants (~$1.0M/participant), up 59.3% in 2024.

#7,467
in Construction (9,039 peers)
+59.3%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Downes Holding Company, Inc. Employee Stock Ownership Plan's outsized position by total assets

Downes Holding Company, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$51,390,390 Top 16% higher than 84% 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

Downes Holding Company, 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. Downes Holding Company, Inc. Employee Stock Ownership Plan is a small filing (50 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Downes Holding Company, Inc. Employee Stock Ownership Plan end-of-year assets rose from $32M in the plan year 2023 filing to $51M in the plan year 2024 filing.
  • Downes Holding Company, Inc. Employee Stock Ownership Plan reported participants rose from 38 in the plan year 2023 filing to 50 in the plan year 2024 filing.
  • Downes Holding Company, Inc. Employee Stock Ownership Plan reported net income rose from $17M in the plan year 2023 filing to $20M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 844247352 · Downes Holding Company, Inc. PY 2024 · ESOP

Downes Holding Company, Inc. Employee Stock Ownership Plan · $51M · 50 · 84th

  • PART $51M
  • TYPE 50
  • NET 84th
  • BOOK ESOP
  • VS-ST near Fema Corporation Employee Stock Ownership Plan
  • BOY ind #7467

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 Connecticut →

Downes Holding Company, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Building Plastics, Inc. Employee Stock Ownership PlanBuilding Plastics, Inc. Empl…$52MBlue Diamond Legacy Holdings, Inc. Employee Stock Ownership PlanBlue Diamond Legacy Holdings…$51MFema Corporation Employee Stock Ownership PlanFema Corporation Employee St…$51MDownes Holding Company, Inc. Employee Stock Ownership PlanDownes Holding Company, Inc.…$51MA-Z Bus Sales, Inc. Employee Stock Ownership PlanA-Z Bus Sales, Inc. Employee…$51M
End-of-year total assets ($M) among Downes Holding Company, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$32M
Net Assets (End of Year)$28M
Net Income$20M
Employer EIN844247352
Plan Effective Date2019-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Downes Holding Company, Inc.)

Sponsor-wide plan assets over time

All Downes Holding Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$51M 213.1650822669104% vs 2022
2024 filing year
$0M$20M$40M$60M 202220232024 $16.4M $51.4M ▲ +213.2%
Year Plans Participants Total Assets
2022 1 38 $16M
2023 1 38 $32M
2024 1 50 $51M

Nearby ESOP Plans in Connecticut

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

Downes Holding Company, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Connecticut, assets vs. participants Scatter plot of 6 data points. 0200400600 0100200300400 Total assets ($M) Participants Downes Holding Company, Inc. Employee Stock Ownership Plan, Total assets ($M): 51.39039 · Participants: 50Downes Holding Company, Inc. Employee Stock Ownership PlanMott Corporation Employee Stock Ownership Plan, Total assets ($M): 304.806344 · Participants: 327Mott Corporation Employee Stock Ownership PlanBl Companies, Inc. Employee Stock Ownership Plan, Total assets ($M): 127.985465 · Participants: 309Bl Companies, Inc. Employee Stock Ownership PlanSonalysts, Inc. Employee Stock Ownership Plan, Total assets ($M): 125.874922 · Participants: 417Sonalysts, Inc. Employee Stock Ownership PlanEurpac Service, Inc. Employee Stock Ownership Plan, Total assets ($M): 107.815259 · Participants: 572Eurpac Service, Inc. Employee Stock Ownership PlanTwin Mro Employee Stock Ownership Plan, Total assets ($M): 106.406355 · Participants: 110Twin Mro Employee Stock Ownership Plan
Downes Holding Company, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Connecticut, assets vs. participants
Compare Downes Holding Company, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Connecticut, the nearest ESOP by assets is Fema Corporation Employee Stock Ownership Plan in MI ($51M); by covered participants it is Suburban K9 Employee Stock Ownership Plan in TX (50 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (50 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 Downes Holding Company, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Downes Holding Company, Inc. Employee Stock Ownership Plan surged - up 59.3% during 2024, from $32M to $51M. Reported net income was $20M.
How have Downes Holding Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Downes Holding Company, Inc.'s sponsor-wide assets grew 213.2%, from $16M to $51M.
Where does Downes Holding Company, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Downes Holding Company, Inc. Employee Stock Ownership Plan ranks in the 84th 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 Downes Holding Company, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Fema Corporation Employee Stock Ownership Plan in MI ($51M, 231 participants).
Which ESOP plans cover a similar participant headcount to Downes Holding Company, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Suburban K9 Employee Stock Ownership Plan in TX (50 participants, $146K 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 844247352.

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.