401(k) · DOL Form 5500 · 2023

Ormat Technologies, Inc. and Subsidiaries 401(k) Plan

Data updated 2026-08-25

$69M
Total assets Below avg plan size
693
Participants Below avg headcount
88th
Percentile by assets National rank
$98,858
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Ormat 401(k) Plan · Sponsored by Ormat Technologies, Inc. and Subsidiaries · Nevada · Utilities

$69M in assets, 693 participants

Ormat Technologies, Inc. and Subsidiaries's Ormat 401(k) Plan reported $69M in total assets and 693 participants in its 2023 DOL Form 5500 filing, ranking in the 88th 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.

  • #417 in Utilities (721 peers)

Utilities sector rank

Within Utilities, Ormat 401(k) Plan ranks #417 of 721 2023 filers by assets (784% of the sector average)-$69M for 693 participants.

#417
in Utilities (721 peers)
+27.1%
assets growth YoY
0.7×
vs typical plan assets (national mean)

Ormat 401(k) Plan's outsized position by total assets

Ormat 401(k) Plan vs every filed plan by assets

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

$68,508,507 Top 12% higher than 88% 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

Ormat 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Ormat 401(k) Plan sits mid-pack in the medium band (693 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Ormat 401(k) Plan reported net income rose from -$6M in the plan year 2022 filing to $15M in the plan year 2023 filing.
  • Ormat 401(k) Plan end-of-year assets rose from $54M in the plan year 2022 filing to $69M in the plan year 2023 filing.
  • Ormat 401(k) Plan reported participants rose from 631 in the plan year 2022 filing to 693 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 880326081 · Ormat Technologies, Inc. and Subsidiaries PY 2023 · 401(k)

Ormat 401(k) Plan · $69M · 693 · 88th

  • EOY $69M
  • EOY 693
  • EOY 88th
  • EOY 401(k)
  • EOY near Pike Companies Limited 401(k) Savings and Profit Sharing Plan
  • EOY ind #417

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 Utilities retirement plans → · Plans in Nevada →

Ormat 401(k) Plan in the asset neighbourhood

Bedford Industries, Inc. Salary Savings PlanBedford Industries, Inc. Sal…$69MPike Companies Limited 401(k) Savings and Profit Sharing PlanPike Companies Limited 401(k…$69MPreferred Pump & Equipment, L.P. 401(k) PlanPreferred Pump & Equipment, …$69MBadger Mining Corporation 401(k) Savings PlanBadger Mining Corporation 40…$69MOrmat 401(k) Plan$69M
End-of-year total assets ($M) among Ormat 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Utilities filing particulars

Total Assets (Beginning of Year)$54M
Net Assets (End of Year)$69M
Net Income$15M
Employer EIN880326081
Plan Effective Date2002-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Ormat Technologies, Inc. and Subsidiaries)

Sponsor-wide plan assets over time

All Ormat Technologies, Inc. and Subsidiaries plans reported in each filing year

Latest sponsor-wide plan assets
$80M 47.68789573898118% vs 2022
2024 filing year
$50M$60M$70M$80M$90M 202220232024 $53.9M $79.6M ▲ +47.7%
Year Plans Participants Total Assets
2022 1 631 $54M
2023 1 693 $69M
2024 1 753 $80M

Nearby 401(k) Plans in Nevada

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Ormat 401(k) Plan vs. nearby 401(k) plans in Nevada, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -0.500.511.522.5 Total assets ($B) Participants Ormat 401(k) Plan, Total assets ($B): 0.068508507 · Participants: 693Ormat 401(k) PlanThe Mgm Resorts 401(k) Savings Plan, Total assets ($B): 2.01117919 · Participants: 28142The Mgm Resorts 401(k) Savings PlanCaesars Entertainment, Inc 401(k) Plan, Total assets ($B): 1.82487518 · Participants: 29628Caesars Entertainment, Inc 401(k) PlanBarrick Retirement Plan, Total assets ($B): 1.19282548 · Participants: 6964Barrick Retirement PlanNv Energy 401(k) Plan, Total assets ($B): 0.999258908 · Participants: 2475Nv Energy 401(k) PlanEighth District Electrical Pension Fund Annuity Plan, Total assets ($B): 0.98131609 · Participants: 20426Eighth District Electrical Pension Fund Annuity Plan
Ormat 401(k) Plan vs. nearby 401(k) plans in Nevada, assets vs. participants
Compare Ormat 401(k) Plan side-by-side with 3 peers →

Ormat 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Nevada, the nearest 401(k) by assets is Pike Companies Limited 401(k) Savings and Profit Sharing Plan in NY ($69M); by covered participants it is Thompson Industrial Services, LLC 401(k) Profit Sharing Plan in SC (693 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (693 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 Ormat 401(k) Plan assets move in 2023? ▼
Ormat 401(k) Plan grew sharply - up 27.1% during 2023, from $54M to $69M. Reported net income was $15M.
How have Ormat Technologies, Inc. and Subsidiaries plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Ormat Technologies, Inc. and Subsidiaries's sponsor-wide assets grew 47.7%, from $54M to $80M.
Where does Ormat 401(k) Plan rank by assets among Form 5500 filers? ▼
Ormat 401(k) Plan ranks in the 88th 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 401(k) plans are similar in size to Ormat 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Pike Companies Limited 401(k) Savings and Profit Sharing Plan in NY ($69M, 361 participants).
Which 401(k) plans cover a similar participant headcount to Ormat 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Thompson Industrial Services, LLC 401(k) Profit Sharing Plan in SC (693 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 880326081.

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.