Careen, Inc. D/B/A Windings, Inc.ESOP
WINDINGS, INC. 2012 AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN · NEW ULM, MN · plan year 2023
Careen, Inc. D/B/A Windings, Inc.'s 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $28,353,397 across 173 participant accounts, with employer contributions averaging $10,286 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 721st-largest of 1,918 plans among Minnesota employers on file, and the 4,689th of 13,661 in manufacturing. active participation has grown from 117 to 131 since 2022.
Careen, Inc. D/B/A Windings, Inc.'s 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
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Source: U.S. Department of Labor, Form 5500 series, EIN 411456407 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.