ESOP · DOL Form 5500 · 2023

Ready Electric Company, Inc. ESOP

Data updated 2026-08-11

$45M
Total assets: 41
Participants: 84th
Percentile by assets: $1.1M
Avg per participant

Official DOL plan name: Ready Electric Company, Inc. Employee Stock Ownership Plan · Sponsored by Ready Electric Company, Inc. · Kentucky · Construction

$45M in assets, 41 participants

Ready Electric Company, Inc.'s Ready Electric Company, Inc. Employee Stock Ownership Plan reported $45M in total assets and 41 participants in its 2023 DOL Form 5500 filing, ranking in the 84th 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.

84th percentile by assets (of 127,072 plans)
#7,428 in Construction (9,030 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, $45M for 41 participants (~$1.1M/participant), up 41.8% in 2023.

$45M
total plan assets (2023 EOY): 41
covered participants: 84th
percentile by assets (of 127,072 plans): $1.1M
avg assets per participant

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 2023 · DOL Form 5500

$44,702,790 Top 16% higher than 84% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Ready Electric Company, Inc. Employee Stock Ownership Plan reported net income rose from -$661K in the plan year 2022 filing to $12M in the plan year 2023 filing.
Ready Electric Company, Inc. Employee Stock Ownership Plan end-of-year assets rose from $32M in the plan year 2022 filing to $45M in the plan year 2023 filing.
Ready Electric Company, Inc. Employee Stock Ownership Plan reported participants rose from 38 in the plan year 2022 filing to 41 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Kentucky

Industry

Construction

Ready Electric Company, Inc. Employee Stock Ownership Plan vs the 2023 asset distribution

By assets, Ready Electric Company, Inc. Employee Stock Ownership Plan outranks 84% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.4x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$32M
Net Assets (End of Year)	$40M
Net Income	$12M
Employer EIN	610517797
Plan Effective Date	2007-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Ready Electric Company, Inc.)

Total plan assets by year, all Ready Electric Company, Inc. plans on file

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 $2.3B · 6,764
Stock Yards Bank & Trust Company 401(k) Employee $147M · 1,080
Gray, Inc. Employee Stock Ownership Plan $127M · 1,362
H & R Agri-Power Employee Stock Ownership Plan $105M · 489
Kentuckiana Comfort Center, Inc. Employee Stock Ownership Plan $94M · 650

Compare Ready Electric Company, Inc. Employee St… side-by-side with 3 peers →

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.

Van Kirk Brothers Contracting Employee Stock Ownership Plan (NE) $45M · 112
Rcb Holding Company, Inc. Employee Stock Ownership Plan (OK) $45M · 580
Southwest Solutions Group, Inc. Employee Stock Ownership Plan (TX) $45M · 123
Thybar Corporation Employee Stock Ownership Plan (IL) $45M · 116

Frequently Asked Questions

How did Ready Electric Company, Inc. Employee Stock Ownership Plan assets move in 2023? ▼

Ready Electric Company, Inc. Employee Stock Ownership Plan surged - up 41.8% during 2023, from $32M to $45M. Reported net income was $12M.

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 84th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Van Kirk Brothers Contracting Employee Stock Ownership Plan in NE ($45M, 112 participants).

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

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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