Based on the 2023 DOL 5500 form data Indiana is home to 189 ESOPs, providing retirement benefits to over 185 thousand individuals with total assets exceeding $25 billion dollars.  The average participant account value is over $142 thousand dollars.  The average 401K value in 2023 according to Vanguard was just over $134 thousand dollars.  However, unlike a 401K most ESOP accounts are fully funded by the employer requiring no contribution from the employee, and in many cases ESOP companies also provide a 401K plan!