ESOP · DOL Form 5500 · 2022
Ready Electric Company, Inc. ESOP
Data updated 2026-08-11
- $32M
- Total assets
- 38
- Participants
- 83rd
- Percentile by assets
- $829,521
- Avg per participant
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.
- 83rd percentile by assets (of 139,126 plans)
- #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.
- $32M
- total plan assets (2022 EOY)
- 38
- covered participants
- 83rd
- percentile by assets (of 139,126 plans)
- $829,521
- avg assets per participant
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.
Where Ready Electric Company, Inc. Employee Stock Ownership Plan sits 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
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 vs the 2022 asset distribution
By assets, Ready Electric Company, Inc. Employee Stock Ownership Plan outranks 83% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.3x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $31M |
|---|---|
| Net Assets (End of Year) | $27M |
| Net Income | -$661K |
| Employer EIN | 610517797 |
| Plan Effective Date | 2007-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Ready Electric Company, Inc.)
| 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
- Houchens Industries, Inc. Employee Stock Ownership Plan $2.1B · 6,338
- Stock Yards Bank & Trust Company 401(k) Employee $140M · 682
- Gray, Inc. Employee Stock Ownership Plan $113M · 1,269
- Interstate Personnel Services, Inc. Employee Stock Ownership Plan $109M · 831
- H & R Agri-Power Employee Stock Ownership Plan $82M · 444
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Ready Electric Company, Inc. Employee Stock Ownership Plan by total assets, not by location.
- Brph Companies, Inc. Employee Stock Ownership Plan and Trust (FL) $32M · 294
- Emerald Asset Management Employee Stock Ownership Plan (PA) $32M · 44
- Schmitty & Sons Holdings, Inc. Employee Stock Ownership Plan and Trust (MN) $32M · 451
- St Cloud Industrial Products Inc Employee Stock Ownership Plan and Trust (MN) $31M · 137
Frequently Asked Questions
How did Ready Electric Company, Inc. Employee Stock Ownership Plan assets move in 2022? ▼
How have Ready Electric Company, Inc. plan assets changed over time? ▼
Where does Ready Electric Company, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Which ESOP plans are similar in size to Ready Electric Company, Inc. Employee Stock Ownership Plan? ▼
Next read for Ready Electric Company, Inc. Employee St…
Scale reading
Ways to act on Ready Electric Company, Inc. Employee Stock Ownership Plan's numbers.
- By total assets, Ready Electric Company, Inc. Employee Stock Ownership Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Kentucky. Compare plans
- Ready Electric Company, Inc.'s sponsor-wide assets have grown 78.0% since 2022 across 3 plan years on file. More Construction plans