ESOP · DOL Form 5500 · 2024

Darmann Abrasive Products, Inc. ESOP

Data updated 2026-08-25

$4M
Total assets Small plan by assets
50
Participants Small participant base
38th
Percentile by assets National rank
$81,572
Avg per participant Below avg balance/head
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Official DOL plan name: Darmann Abrasive Products, Inc. Employee Stock Ownership Plan · Sponsored by Darmann Abrasive Products, Inc. · Massachusetts · Manufacturing

$4M in assets, 50 participants

Darmann Abrasive Products, Inc.'s Darmann Abrasive Products, Inc. Employee Stock Ownership Plan reported $4M in total assets and 50 participants in its 2024 DOL Form 5500 filing, ranking in the 38th 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.

  • #3,854 in Manufacturing (17,777 peers)

Darmann Abrasive Products, Inc. multi-year trail

Darmann Abrasive Products, Inc.'s plans moved -29.3% in assets from 2022 to 2024; this filing shows Darmann Abrasive Products, Inc. Employee Stock Ownership Plan at $4M / 50 participants.

#3,854
in Manufacturing (17,777 peers)
-27.5%
assets change YoY

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Darmann Abrasive Products, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Manufacturing and all filers

Darmann Abrasive Products, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$4,078,604 38th percentile higher than 38% 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

Darmann Abrasive Products, 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. Darmann Abrasive Products, 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

  • Darmann Abrasive Products, Inc. Employee Stock Ownership Plan reported net income fell from -$166K in the plan year 2023 filing to -$1M in the plan year 2024 filing.
  • Darmann Abrasive Products, Inc. Employee Stock Ownership Plan end-of-year assets fell from $6M in the plan year 2023 filing to $4M in the plan year 2024 filing.
  • Darmann Abrasive Products, Inc. Employee Stock Ownership Plan reported participants rose from 48 in the plan year 2023 filing to 50 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 042932946 · Darmann Abrasive Products, Inc. PY 2024 · ESOP

Darmann Abrasive Products, Inc. Employee Stock Ownership Plan · $4M · 50 · 38th

  • PCT $4M
  • PCT 50
  • PCT 38th
  • PCT ESOP
  • PCT near Peerless Saw Company Employee Stock Ownership Plan
  • PCT ind #3854

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 Massachusetts →

Darmann Abrasive Products, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Darmann Abrasive Products, Inc. Employee Stock Ownership PlanDarmann Abrasive Products, I…$4MPeerless Saw Company Employee Stock Ownership PlanPeerless Saw Company Employe…$4MConvoy, Inc. Employee Stock Ownership PlanConvoy, Inc. Employee Stock …$4MPeoples Financial Corporation Employee Stock Ownership PlanPeoples Financial Corporatio…$4MSimple Holdings, Inc. Employee Stock Ownership PlanSimple Holdings, Inc. Employ…$4M
End-of-year total assets ($M) among Darmann Abrasive Products, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Darmann Abrasive Products, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Darmann Abrasive Products, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$4M 29.324597081631694% vs 2022
2024 filing year
$3M$4M$5M$6M 202220232024 $5.77M $4.08M ▼ -29.3%
Year Plans Participants Total Assets
2022 1 48 $6M
2023 1 48 $6M
2024 1 50 $4M

Darmann Abrasive Products, Inc. filing trail (2024)

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$3M
Net Income-$1M
Employer EIN042932946
Plan Effective Date1998-10-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Massachusetts

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

Darmann Abrasive Products, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -5000500100015002000 -2000200400600800 Total assets ($M) Participants Darmann Abrasive Products, Inc. Employee Stock Ownership Plan, Total assets ($M): 4.078604 · Participants: 50Darmann Abrasive Products, Inc. Employee Stock Ownership PlanConsigli Building Group Employee Stock Ownership Plan, Total assets ($M): 729.34706 · Participants: 1684Consigli Building Group Employee Stock Ownership PlanThe Gillette Company Employee Stock Ownership Plan, Total assets ($M): 367.792322 · Participants: 139The Gillette Company Employee Stock Ownership PlanFirst Amended and Restated Creative Financial Staffing, Inc. Employee Stock Ownership Plan, Total assets ($M): 253.372727 · Participants: 445First Amended and Restated Creative Financial Staffing, Inc. Employee Stock Ownership PlanDavid Clark Employee Stock Ownership Plan, Total assets ($M): 182.6375 · Participants: 236David Clark Employee Stock Ownership PlanNew England Biolabs, Inc. Non-Voting Stock Ownership Plan, Total assets ($M): 162.974294 · Participants: 424New England Biolabs, Inc. Non-Voting Stock Ownership Plan
Darmann Abrasive Products, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants
Compare Darmann Abrasive Products, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Massachusetts, the nearest ESOP by assets is Peerless Saw Company Employee Stock Ownership Plan in OH ($4M); 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 Darmann Abrasive Products, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Darmann Abrasive Products, Inc. Employee Stock Ownership Plan declined sharply - down 27.5% during 2024, from $6M to $4M. Reported net income was -$1M.
How have Darmann Abrasive Products, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Darmann Abrasive Products, Inc.'s sponsor-wide assets declined 29.3%, from $6M to $4M.
Which ESOP plans are similar in size to Darmann Abrasive Products, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Peerless Saw Company Employee Stock Ownership Plan in OH ($4M, 50 participants).
Which ESOP plans cover a similar participant headcount to Darmann Abrasive Products, 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 042932946.

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.