Interactive ESOP Data

Did you know…

As of the most recent DOL data (obtained from the 2024 DOL Form 5500 Data) Indiana is home to 182 ESOPs.   Fun Facts about Indiana ESOPs:

  • Total participants 182,554
  • Total Assets $28,507,197,529
  • Average Account balance $156,157

According to Vanguard, for 2024, the average 401K balance is ~ $148,153.  The average ESOP retirement account exceed the average 401K account balance.  Additionally, based on review of the 2023 DOL 5500 filings, the average Indiana 401K account balance is approximately 72 thousand dollars ($72,162 assets/participants, or $72,539 assets/participants EOY).  A similar review of 2023 DOL 5500 filings for Indiana ESOPs, identify an average account balance of  approximately 138 thousand dollars ($137,197 assets/participants, or $139,407 assets/participants EOY).

However, one key difference between ESOP and 401K retirement accounts – in most cases the ESOP accounts did not require any employee contribution!  The ESOP accounts are funded by contributions by the company!

Did you know that Indiana  ESOPs include the following industry types:

 

Industry Type # of ESOPs
Administrative and Support and Waste Management and Remediation Services 3
Agriculture, Forestry, Fishing and Hunting 1
Construction 29
Finance, Insurance & Real Estate 28
Health Care & Social Assistance 3
Information 2
Management of Companies and Enterprises 8
Manufacturing 44
Mining, Quarrying, and Oil and Gas Extraction 2
Other Services 2
Professional, Scientific & Technical Services 25
Retail Trade 9
Transportation & Warehousing 5
Utilities 2
Wholesale Trade 18
Total 182

New Indiana ESOPs in 2024 include:

Company City
EMP Technology Group Westfield
Electric Plus Avon
Wayne Bank Richmond
Bee Window Fishers
Wild Birds Unlimited Carmel
Meyer Najem Fishers
Merritt Contracting Lebanon
Electronic Strategies Indianapolis
Bond Technologies Elkhart
Servantex Indianapolis
Ziolkowski Holdings South Bend
Itamco Inc Plymouth
C&C Manufacturing Sellersburg

Did you know that 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 (as of DOL 2024 data) are:

City(s) # of ESOP Companies
Indianapolis 37
Carmel, Evansville 7
Fort Wayne, South Bend 6
Elkhart, Hammond 4
Bloomington, Brownsburg, Columbus, Fishers, Lafayette, Lebanon, Richmond, Terre Haute, and Washington 3

The map below is interactive and provides information on Indiana ESOPs, Congressional Districts, as well as State Senate and House Districts.  To open the menu to add these features to the map click on the arrow within the icon to the left of the map title (INCEO Map) and select or deselect the additional layers. To close the menu re-click on the arrow. You may click within the MAP, or within the menu to provide the desired view.  Note: Map updated to the most current (2024) DOL Data.

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