ESOP · DOL Form 5500 · 2023

Pioneer Power, Inc. ESOP

Data updated 2026-08-11

$35M
Total assets
29
Participants
81st
Percentile by assets
$1.2M
Avg per participant
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Official DOL plan name: Pioneer Power, Inc. Employee Stock Ownership Plan · Sponsored by Pioneer Power, Inc. · Minnesota · Construction

$35M in assets, 29 participants

Pioneer Power, Inc.'s Pioneer Power, Inc. Employee Stock Ownership Plan reported $35M in total assets and 29 participants in its 2023 DOL Form 5500 filing, ranking in the 81st 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.

  • 81st percentile by assets (of 127,072 plans)
  • #7,199 in Construction (9,030 peers)

Where Pioneer Power, Inc. Employee Stock Ownership Plan sits by assets

Pioneer Power, Inc. Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $35M for 29 participants (~$1.2M/participant), up 56.7% in 2023.

$35M
total plan assets (2023 EOY)
29
covered participants
81st
percentile by assets (of 127,072 plans)
$1.2M
avg assets per participant

Where Pioneer Power, Inc. Employee Stock Ownership Plan sits by total assets

Pioneer Power, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$35,113,362 Top 19% higher than 81% of 127,068 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Pioneer Power, Inc. Employee Stock Ownership Plan reported net income rose from $6M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • Pioneer Power, Inc. Employee Stock Ownership Plan end-of-year assets rose from $22M in the plan year 2022 filing to $35M in the plan year 2023 filing.
  • Pioneer Power, Inc. Employee Stock Ownership Plan reported participants fell from 30 in the plan year 2022 filing to 29 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Minnesota
Industry
Construction

Pioneer Power, Inc. Employee Stock Ownership Plan vs the 2023 asset distribution

By assets, Pioneer Power, Inc. Employee Stock Ownership Plan outranks 81% 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)$22M
Net Assets (End of Year)$31M
Net Income$13M
Employer EIN410663282
Plan Effective Date1967-09-30
Filing StatusFILING RECEIVED

Sponsor Plan History (Pioneer Power, Inc.)

$10M$20M$30M$40M$50M$60M 202220232024 $22.4M $47.9M ▲ +113.8%
Total plan assets by year, all Pioneer Power, Inc. plans on file
Year Plans Participants Total Assets
2022 1 30 $22M
2023 1 29 $35M
2024 1 32 $48M

Nearby ESOP Plans in Minnesota

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

Pioneer Power, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -20002004006008001000 Total assets ($M) Participants Pioneer Power, Inc. …, Total assets ($M): 35.113362 · Participants: 29Pioneer Power, Inc. …Andersen Corporation…, Total assets ($M): 899.073238 · Participants: 11644Andersen Corporation…Kingdom Enterprises,…, Total assets ($M): 497.538965 · Participants: 789Kingdom Enterprises,…Landscape Structures…, Total assets ($M): 432.374379 · Participants: 446Landscape Structures…Hormel Foods Corpora…, Total assets ($M): 431.874919 · Participants: 4575Hormel Foods Corpora…Force America Inc. E…, Total assets ($M): 426.610266 · Participants: 412Force America Inc. E…
Pioneer Power, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Pioneer Power, Inc. Employee Stock Owner… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Pioneer Power, Inc. Employee Stock Ownership Plan by total assets, not by location.

Frequently Asked Questions

How did Pioneer Power, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Pioneer Power, Inc. Employee Stock Ownership Plan surged - up 56.7% during 2023, from $22M to $35M. Reported net income was $13M.
How have Pioneer Power, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Pioneer Power, Inc.'s sponsor-wide assets grew 113.8%, from $22M to $48M.
Where does Pioneer Power, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Pioneer Power, Inc. Employee Stock Ownership Plan ranks in the 81st 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 Pioneer Power, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is G.W. Berkheimer Co. Inc. Employee Stock Ownership Plan in IN ($35M, 278 participants).

Next read for Pioneer Power, Inc. Employee Stock Owner…

Scale reading

Ways to act on Pioneer Power, Inc. Employee Stock Ownership Plan's numbers.

  • By total assets, Pioneer Power, 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 Minnesota. Compare plans
  • Pioneer Power, Inc.'s sponsor-wide assets have grown 113.8% 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 410663282.

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.