ESOP · DOL Form 5500 · 2022

Ready Electric Company, Inc. ESOP

Data updated 2026-08-25

$32M
Total assets Below avg plan size
38
Participants Small participant base
83rd
Percentile by assets National rank
$829,521
Avg per participant High balance/head
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Official DOL plan name: Ready Electric Company, Inc. Employee Stock Ownership Plan · Sponsored by Ready Electric Company, Inc. · Kentucky · Construction

$32M in assets, 38 participants

Ready Electric Company, Inc.'s Ready Electric Company, Inc. Employee Stock Ownership Plan reported $32M in total assets and 38 participants in its 2022 DOL Form 5500 filing, ranking in the 83rd 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.

  • #8,163 in Construction (9,927 peers)

Where Ready Electric Company, Inc. Employee Stock Ownership Plan sits by assets

Ready Electric Company, Inc. Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $32M for 38 participants (~$829,521/participant), up 1.7% in 2022.

#8,163
in Construction (9,927 peers)
+1.7%
assets growth YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $661K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Ready Electric Company, Inc. Employee Stock Ownership Plan's outsized position by total assets

Ready Electric Company, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$31,521,812 Top 17% higher than 83% of 139,123 filed plans

This plan $0 $2,050,000,000 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 2022

Ready Electric Company, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Ready Electric Company, Inc. Employee Stock Ownership Plan is a small filing (38 participants) on this national headcount ladder.

Form 5500 schedule snapshot

Filing strip 610517797 · Ready Electric Company, Inc. PY 2022 · ESOP

Ready Electric Company, Inc. Employee Stock Ownership Plan · $32M · 38 · 83rd

  • SCH $32M
  • SCH 38
  • SCH 83rd
  • SCH ESOP
  • SCH near Brph Companies, Inc. Employee Stock Ownership Plan and Trust
  • SCH ind #8163

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with What is an ESOP? → · Plans in Kentucky →

Ready Electric Company, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Schmitty & Sons Holdings, Inc. Employee Stock Ownership Plan and TrustSchmitty & Sons Holdings, In…$32MEmerald Asset Management Employee Stock Ownership PlanEmerald Asset Management Emp…$32MBrph Companies, Inc. Employee Stock Ownership Plan and TrustBrph Companies, Inc. Employe…$32MReady Electric Company, Inc. Employee Stock Ownership PlanReady Electric Company, Inc.…$32MSt Cloud Industrial Products Inc Employee Stock Ownership Plan and TrustSt Cloud Industrial Products…$31M
End-of-year total assets ($M) among Ready Electric Company, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$31M
Net Assets (End of Year)$27M
Net Income-$661K
Employer EIN610517797
Plan Effective Date2007-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Ready Electric Company, Inc.)

Sponsor-wide plan assets over time

All Ready Electric Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$56M 78.04606537213026% vs 2022
2024 filing year
$20M$30M$40M$50M$60M 202220232024 $31.5M $56.1M ▲ +78.0%
Year Plans Participants Total Assets
2022 1 38 $32M
2023 1 41 $45M
2024 1 40 $56M

Nearby ESOP Plans in Kentucky

Peer ESOP plans, same state, same plan type, ranked by total assets.

Ready Electric Company, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Kentucky, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -0.500.511.522.5 Total assets ($B) Participants Ready Electric Company, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.031521812 · Participants: 38Ready Electric Company, Inc. Employee Stock Ownership PlanHouchens Industries, Inc. Employee Stock Ownership Plan, Total assets ($B): 2.064849894 · Participants: 6338Houchens Industries, Inc. Employee Stock Ownership PlanStock Yards Bank & Trust Company 401(k) Employee, Total assets ($B): 0.13966969 · Participants: 682Stock Yards Bank & Trust Company 401(k) EmployeeGray, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.113190046 · Participants: 1269Gray, Inc. Employee Stock Ownership PlanInterstate Personnel Services, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.108901392 · Participants: 831Interstate Personnel Services, Inc. Employee Stock Ownership PlanH & R Agri-Power Employee Stock Ownership Plan, Total assets ($B): 0.082494483 · Participants: 444H & R Agri-Power Employee Stock Ownership Plan
Ready Electric Company, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Kentucky, assets vs. participants
Compare Ready Electric Company, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Ready Electric Company, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Kentucky, the nearest ESOP by assets is Brph Companies, Inc. Employee Stock Ownership Plan and Trust in FL ($32M); by covered participants it is Structures Employee Stock Ownership Plan in MN (38 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (38 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Ready Electric Company, Inc. Employee Stock Ownership Plan assets move in 2022? ▼
Ready Electric Company, Inc. Employee Stock Ownership Plan edged up modestly - up 1.7% during 2022, from $31M to $32M. Reported net income was -$661K.
How have Ready Electric Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Ready Electric Company, Inc.'s sponsor-wide assets grew 78.0%, from $32M to $56M.
Where does Ready Electric Company, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Ready Electric Company, Inc. Employee Stock Ownership Plan ranks in the 83rd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Ready Electric Company, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Brph Companies, Inc. Employee Stock Ownership Plan and Trust in FL ($32M, 294 participants).
Which ESOP plans cover a similar participant headcount to Ready Electric Company, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Structures Employee Stock Ownership Plan in MN (38 participants, $3M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 610517797.

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.