ESOP · DOL Form 5500 · 2023

Ready Electric Company, Inc. ESOP

Data updated 2026-08-25

$45M
Total assets Below avg plan size
41
Participants Small participant base
84th
Percentile by assets National rank
$1.1M
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

$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.

  • #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.

#7,428
in Construction (9,030 peers)
+41.8%
assets growth YoY
0.4×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$44,702,790 Top 16% higher than 84% of 127,068 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 2023

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

Plan-year 2023 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 (41 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → 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 →

DOL schedule card

Filing strip 610517797 · Ready Electric Company, Inc. PY 2023 · ESOP

Ready Electric Company, Inc. Employee Stock Ownership Plan · $45M · 41 · 84th

  • PCT $45M
  • EIN 41
  • RANK 84th
  • PHOTO ESOP
  • IND near Van Kirk Brothers Contracting Employee Stock Ownership Plan
  • EOY ind #7428

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

Southwest Solutions Group, Inc. Employee Stock Ownership PlanSouthwest Solutions Group, I…$45MRcb Holding Company, Inc. Employee Stock Ownership PlanRcb Holding Company, Inc. Em…$45MVan Kirk Brothers Contracting Employee Stock Ownership PlanVan Kirk Brothers Contractin…$45MReady Electric Company, Inc. Employee Stock Ownership PlanReady Electric Company, Inc.…$45MThybar Corporation Employee Stock Ownership PlanThybar Corporation Employee …$45M
End-of-year total assets ($M) among Ready Electric Company, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$32M
Net Assets (End of Year)$40M
Net Income$12M
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 -10123 Total assets ($B) Participants Ready Electric Company, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.04470279 · Participants: 41Ready Electric Company, Inc. Employee Stock Ownership PlanHouchens Industries, Inc. Employee Stock Ownership Plan, Total assets ($B): 2.325722921 · Participants: 6764Houchens Industries, Inc. Employee Stock Ownership PlanStock Yards Bank & Trust Company 401(k) Employee, Total assets ($B): 0.14680249 · Participants: 1080Stock Yards Bank & Trust Company 401(k) EmployeeGray, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.126524729 · Participants: 1362Gray, Inc. Employee Stock Ownership PlanH & R Agri-Power Employee Stock Ownership Plan, Total assets ($B): 0.104682343 · Participants: 489H & R Agri-Power Employee Stock Ownership PlanKentuckiana Comfort Center, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.094072192 · Participants: 650Kentuckiana Comfort Center, Inc. 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 Van Kirk Brothers Contracting Employee Stock Ownership Plan in NE ($45M); by covered participants it is Quantumdigital, Inc. Employee Stock Ownership Plan in TX (41 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (41 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 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).
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 Quantumdigital, Inc. Employee Stock Ownership Plan in TX (41 participants, $2M in assets).

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.

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.