Many thanks to Nathan Nicholson, Senior Research and Data Analyst at the National Center for Employee Ownership (NCEO) for the following updated data concerning Indiana ESOPs.
There are 187 ESOPs in Indiana. However 6 companies have multiple plans (net 181), and 8 companies had 0 employees in the plan (net 173). Disregarding these companies there are 173 ESOPs in Indiana which provide retirement benefits for ~ 160,000 Hoosiers, with total assets exceeding $19 Billion dollars. The average account balance (fully diluted) exceeds $122 Thousand dollars.
What types of industry have established ESOPs in Indiana?
| Industry Type | # of ESOPs |
| Agriculture | 1 |
| Construction | 23 |
| Finance, Insurance & Real Estate | 35 |
| Health Care & Social Assistance | 6 |
| Information | 1 |
| Management of Companies | 11 |
| Manufacturing | 45 |
| Mining | 1 |
| Other Services | 2 |
| Professional, Scientific & Technical Services | 23 |
| Retail Trade | 10 |
| Transportation & Warehousing | 4 |
| Utilities | 1 |
| Waste Management | 1 |
| Wholesale Trade | 23 |
| Total | 187 |
ESOPs are located all across Indiana – but there are concentrations of ESOPs in the major population centers. The top 5 Indiana cities claiming home to ESOPs are:
| City | # of ESOP Companies |
| Indianapolis | 39 |
| Fort Wayne | 7 |
| Evansville | 6 |
| South Bend | 5 |
| Hammond | 5 |
| Elkhart | 4 |
| Merrillville | 4 |
Have a question about ESOPs in Indiana? please contact INCEO at info@inceo.org