ESOP · DOL Form 5500 · 2024

Applied Research Associates, Inc. ESOP

Data updated 2026-08-11

$611M
Total assets
2,198
Participants
98th
Percentile by assets
$277,802
Avg per participant
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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.

  • 98th percentile by assets (of 123,622 plans)
  • #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.

$611M
total plan assets (2024 EOY)
2,198
covered participants
98th
percentile by assets (of 123,622 plans)
$277,802
avg assets per participant

Where Employee Stock Ownership Plan of Applied Research Associates, Inc. sits 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 $2,010,000,000 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

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 →

State
New Mexico
Industry
Professional & Technical Services

Participants vs New Mexico filers

In New Mexico, the average filing covers about 365 participants across 466 plans. Employee Stock Ownership Plan of Applied Research Associates, Inc. reports 2,198 participants - 6.0x that state average ($611M EOY assets).

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.)

$0.8B$1B$1.2B$1.4B 202220232024 $0.91B $1.26B ▲ +38.5%
Total plan assets by year, all Applied Research Associates, Inc. plans on file
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

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 Owner…Ppic Employee Stock …Commerce Bancshares …Citizens Bank Employ…Jack B. Henderson Co…Mesa Verde Enterpris…
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… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Employee Stock Ownership Plan of Applied Research Associates, Inc. by total assets, not by location.

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).

Next read for Employee Stock Ownership Plan of Applied…

Filing takeaways

Ways to act on Employee Stock Ownership Plan of Applied Research Associates, Inc.'s numbers.

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.