ESOP · DOL Form 5500 · 2023

Pioneer Power, Inc. ESOP

Data updated 2026-08-25

$35M
Total assets Below avg plan size
29
Participants Small participant base
81st
Percentile by assets National rank
$1.2M
Avg per participant High balance/head
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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.

  • #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.

#7,199
in Construction (9,030 peers)
+56.7%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Pioneer Power, Inc. Employee Stock Ownership Plan's outsized position 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 $2,050,000,000 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

Pioneer Power, 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. Pioneer Power, Inc. Employee Stock Ownership Plan is a small filing (29 participants) on this national headcount ladder.

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 →

DOL schedule card

Filing strip 410663282 · Pioneer Power, Inc. PY 2023 · ESOP

Pioneer Power, Inc. Employee Stock Ownership Plan · $35M · 29 · 81st

  • 5500 $35M
  • 5500 29
  • 5500 81st
  • 5500 ESOP
  • 5500 near G.W. Berkheimer Co. Inc. Employee Stock Ownership Plan
  • 5500 ind #7199

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 Minnesota →

Pioneer Power, Inc. Employee Stock Ownership Plan in the asset neighbourhood

The Management Association, Inc. ESOPThe Management Association, …$35MPioneer Power, Inc. Employee Stock Ownership PlanPioneer Power, Inc. Employee…$35MG.W. Berkheimer Co. Inc. Employee Stock Ownership PlanG.W. Berkheimer Co. Inc. Emp…$35MThe Murphy Construction Group Employee Stock Ownership PlanThe Murphy Construction Grou…$35MFisher Tank Company Employee Stock Ownership PlanFisher Tank Company Employee…$35M
End-of-year total assets ($M) among Pioneer Power, 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)$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.)

Sponsor-wide plan assets over time

All Pioneer Power, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$48M 113.78057542154929% vs 2022
2024 filing year
$10M$20M$30M$40M$50M$60M 202220232024 $22.4M $47.9M ▲ +113.8%
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 ($M) Participants Pioneer Power, Inc. Employee Stock Ownership Plan, Total assets ($M): 35.113362 · Participants: 29Pioneer Power, Inc. Employee Stock Ownership PlanAndersen Corporation Employee Stock Ownership Plan, Total assets ($M): 899.073238 · Participants: 11644Andersen Corporation Employee Stock Ownership PlanKingdom Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 497.538965 · Participants: 789Kingdom Enterprises, Inc. Employee Stock Ownership PlanLandscape Structures, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 432.374379 · Participants: 446Landscape Structures, Inc. Employee Stock Ownership Plan and TrustHormel Foods Corporation Joint Earnings Profit Sharing Trust, Total assets ($M): 431.874919 · Participants: 4575Hormel Foods Corporation Joint Earnings Profit Sharing TrustForce America Inc. Employee Stock Ownership Plan, Total assets ($M): 426.610266 · Participants: 412Force America Inc. Employee Stock Ownership Plan
Pioneer Power, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Pioneer Power, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Pioneer Power, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is G.W. Berkheimer Co. Inc. Employee Stock Ownership Plan in IN ($35M); by covered participants it is Rsr Partners Inc ESOP in CT (29 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (29 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 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).
Which ESOP plans cover a similar participant headcount to Pioneer Power, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Rsr Partners Inc ESOP in CT (29 participants, N/A 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 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.