ESOP · DOL Form 5500 · 2024

Applied Research Associates, Inc. ESOP

Data updated 2026-08-25

$611M
Total assets Above avg plan size
2,198
Participants Above avg headcount
98th
Percentile by assets National rank
$277,802
Avg per participant High balance/head
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Official DOL plan name: Employee Stock Ownership Plan of Applied Research Associates, Inc. · Sponsored by Applied Research Associates, Inc. · New Mexico · Professional & Technical Services

$611M in assets, 2,198 participants

Applied Research Associates, Inc.'s Employee Stock Ownership Plan of Applied Research Associates, Inc. reported $611M in total assets and 2,198 participants in its 2024 DOL Form 5500 filing, ranking in the 98th 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.

  • #19,833 in Professional & Technical Services (20,173 peers)

Coverage in New Mexico

Employee Stock Ownership Plan of Applied Research Associates, Inc. covers 2,198 participants in New Mexico, 6.0x the typical New Mexico plan (state average ~365 per filing). Assets: $611M.

#19,833
in Professional & Technical Services (20,173 peers)
+0.8%
assets growth YoY
6.1×
vs typical plan assets (national mean)

Employee Stock Ownership Plan of Applied Research Associates, Inc.'s outsized position by total assets

Employee Stock Ownership Plan of Applied Research Associates, Inc. vs every filed plan by assets

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

$610,607,866 Top 2% higher than 98% 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

Employee Stock Ownership Plan of Applied Research Associates, Inc.'s large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Employee Stock Ownership Plan of Applied Research Associates, Inc. lands in the large band (2,198 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Employee Stock Ownership Plan of Applied Research Associates, Inc. reported net income fell from $151M in the plan year 2023 filing to $16M in the plan year 2024 filing.
  • Employee Stock Ownership Plan of Applied Research Associates, Inc. reported participants rose from 1,981 in the plan year 2023 filing to 2,198 in the plan year 2024 filing.
  • Employee Stock Ownership Plan of Applied Research Associates, Inc. end-of-year assets rose from $606M in the plan year 2023 filing to $611M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 850276434 · Applied Research Associates, Inc. PY 2024 · ESOP

Employee Stock Ownership Plan of Applied Research Associates, Inc. · $611M · 2,198 · 98th

  • ASSETS $611M
  • ASSETS 2,198
  • ASSETS 98th
  • ASSETS ESOP
  • ASSETS near Ki Employee Stock Ownership Plan
  • ASSETS ind #19833

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 New Mexico →

Employee Stock Ownership Plan of Applied Research Associates, Inc. in the asset neighbourhood

Alpine Lumber Company Employee Stock Ownership PlanAlpine Lumber Company Employ…$625MJe Dunn Employee Stock Ownership Plan and TrustJe Dunn Employee Stock Owner…$621MEmployee Stock Ownership Plan of Applied Research Associates, Inc.Employee Stock Ownership Pla…$611MKi Employee Stock Ownership PlanKi Employee Stock Ownership …$604MAgron, Inc. Employee Stock Ownership PlanAgron, Inc. Employee Stock O…$596M
End-of-year total assets ($M) among Employee Stock Ownership Plan of Applied Research Associates, Inc. and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

New Mexico filing particulars

Total Assets (Beginning of Year)$606M
Net Assets (End of Year)$611M
Net Income$16M
Employer EIN850276434
Plan Effective Date1993-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Applied Research Associates, Inc.)

Sponsor-wide plan assets over time

All Applied Research Associates, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.3B 38.73269162039516% vs 2022
2024 filing year
$0.8B$1B$1.2B$1.4B 202220232024 $0.91B $1.26B ▲ +38.5%
Year Plans Participants Total Assets
2022 2 3,193 $907M
2023 2 3,943 $1.2B
2024 2 4,416 $1.3B

Nearby ESOP Plans in New Mexico

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

Employee Stock Ownership Plan of Applied Research Associates, Inc. vs. nearby ESOP plans in New Mexico, assets vs. participants Scatter plot of 6 data points. -50005001000150020002500 -2000200400600800 Total assets ($M) Participants Employee Stock Ownership Plan of Applied Research Associates, Inc., Total assets ($M): 610.607866 · Participants: 2198Employee Stock Ownership Plan of Applied Research Associates, Inc.Ppic Employee Stock Ownership Plan, Total assets ($M): 49.01038 · Participants: 111Ppic Employee Stock Ownership PlanCommerce Bancshares of Roswell, Inc. Employee Stock Ownership Plan, Total assets ($M): 27.569071 · Participants: 18Commerce Bancshares of Roswell, Inc. Employee Stock Ownership PlanCitizens Bank Employee Stock Ownership and Retirement Savings Plan, Total assets ($M): 23.962536 · Participants: 90Citizens Bank Employee Stock Ownership and Retirement Savings PlanJack B. Henderson Construction Company, Inc. Employee Stock Ownership Plan, Total assets ($M): 21.609312 · Participants: 118Jack B. Henderson Construction Company, Inc. Employee Stock Ownership PlanMesa Verde Enterprises Holdings, Inc. ESOP, Total assets ($M): 12.38 · Participants: 151Mesa Verde Enterprises Holdings, Inc. ESOP
Employee Stock Ownership Plan of Applied Research Associates, Inc. vs. nearby ESOP plans in New Mexico, assets vs. participants
Compare Employee Stock Ownership Plan of Applied Research Associates, Inc. side-by-side with 3 peers →

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

Outside New Mexico, the nearest ESOP by assets is Ki Employee Stock Ownership Plan in WI ($604M); by covered participants it is New York Community Bancorp, Inc. Employee Stock Ownership Plan in NY (2,205 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($611M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,198 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 Employee Stock Ownership Plan of Applied Research Associates, Inc. assets move in 2024? ▼
Employee Stock Ownership Plan of Applied Research Associates, Inc. held essentially flat - up 0.8% during 2024, from $606M to $611M. Reported net income was $16M.
How have Applied Research Associates, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Applied Research Associates, Inc.'s sponsor-wide assets grew 38.7%, from $907M to $1.3B.
Where does Employee Stock Ownership Plan of Applied Research Associates, Inc. rank by assets among Form 5500 filers? ▼
Employee Stock Ownership Plan of Applied Research Associates, Inc. ranks in the 98th 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 Employee Stock Ownership Plan of Applied Research Associates, Inc.? ▼
Among ESOP plans in other states, the closest by assets is Ki Employee Stock Ownership Plan in WI ($604M, 1,689 participants).
Which ESOP plans cover a similar participant headcount to Employee Stock Ownership Plan of Applied Research Associates, Inc.? ▼
Among ESOP plans in other states, the closest by covered participants is New York Community Bancorp, Inc. Employee Stock Ownership Plan in NY (2,205 participants, N/A 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 850276434.

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.