ESOP · DOL Form 5500 · 2023

Patriot Power Investment Corporation ESOP

Data updated 2026-08-25

$59M
Total assets Below avg plan size
107
Participants Small participant base
87th
Percentile by assets National rank
$548,521
Avg per participant High balance/head
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Official DOL plan name: Ppic Employee Stock Ownership Plan · Sponsored by Patriot Power Investment Corporation · New Mexico · Management of Enterprises

$59M in assets, 107 participants

Patriot Power Investment Corporation's Ppic Employee Stock Ownership Plan reported $59M in total assets and 107 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • #794 in Management of Enterprises (1,137 peers)

Coverage in New Mexico

Ppic Employee Stock Ownership Plan covers 107 participants in New Mexico, about 29% of the average New Mexico filer (state average ~365 per filing). Assets: $59M.

#794
in Management of Enterprises (1,137 peers)
+34.4%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Ppic Employee Stock Ownership Plan's outsized position by total assets

Ppic Employee Stock Ownership Plan vs every filed plan by assets

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

$58,691,740 Top 13% higher than 87% 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

Ppic Employee Stock Ownership 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. Ppic Employee Stock Ownership Plan sits mid-pack in the medium band (107 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Ppic Employee Stock Ownership Plan end-of-year assets rose from $44M in the plan year 2022 filing to $59M in the plan year 2023 filing.
  • Ppic Employee Stock Ownership Plan reported net income fell from $21M in the plan year 2022 filing to $15M in the plan year 2023 filing.
  • Ppic Employee Stock Ownership Plan reported participants fell from 131 in the plan year 2022 filing to 107 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 271061316 · Patriot Power Investment Corporation PY 2023 · ESOP

Ppic Employee Stock Ownership Plan · $59M · 107 · 87th

  • 5500 $59M
  • ASSETS 107
  • PCT 87th
  • EIN ESOP
  • RANK near Holloman Corporation Employee Stock Ownership Plan
  • PHOTO ind #794

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 New Mexico →

Ppic Employee Stock Ownership Plan in the asset neighbourhood

Garden Design, Inc. Employee Stock Ownership PlanGarden Design, Inc. Employee…$59MHolloman Corporation Employee Stock Ownership PlanHolloman Corporation Employe…$59MProvident Bank Employee Stock Ownership PlanProvident Bank Employee Stoc…$59MPpic Employee Stock Ownership PlanPpic Employee Stock Ownershi…$59MMayville Engineering Company, Inc. Employee Stock Ownership PlanMayville Engineering Company…$59M
End-of-year total assets ($M) among Ppic Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

New Mexico filing particulars

Total Assets (Beginning of Year)$44M
Net Assets (End of Year)$59M
Net Income$15M
Employer EIN271061316
Plan Effective Date2006-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Patriot Power Investment Corporation)

Sponsor-wide plan assets over time

All Patriot Power Investment Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$59M 13.660890152421748% vs 2022
2024 filing year
$45M$50M$55M$60M$65M$70M 202220232024 $51.5M $58.5M ▲ +13.7%
Year Plans Participants Total Assets
2022 2 245 $51M
2023 2 218 $68M
2024 2 224 $59M

Nearby ESOP Plans in New Mexico

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

Ppic Employee Stock Ownership Plan vs. nearby ESOP plans in New Mexico, assets vs. participants Scatter plot of 6 data points. -50005001000150020002500 -2000200400600800 Total assets ($M) Participants Ppic Employee Stock Ownership Plan, Total assets ($M): 58.69174 · Participants: 107Ppic Employee Stock Ownership PlanEmployee Stock Ownership Plan of Applied Research Associates, Inc., Total assets ($M): 605.825813 · Participants: 1981Employee Stock Ownership Plan of Applied Research Associates, Inc.Azurite Professional Community Employee Stock Ownership Plan, Total assets ($M): 23.538133 · Participants: 259Azurite Professional Community Employee Stock Ownership PlanCitizens Bank Employee Stock Ownership and Retirement Savings Plan, Total assets ($M): 21.320873 · Participants: 101Citizens Bank Employee Stock Ownership and Retirement Savings PlanCommerce Bancshares of Roswell, Inc. Employee Stock Ownership Plan, Total assets ($M): 18.971857 · Participants: 14Commerce Bancshares of Roswell, Inc. Employee Stock Ownership PlanJack B. Henderson Construction Company, Inc. Employee Stock Ownership Plan, Total assets ($M): 16.98282 · Participants: 91Jack B. Henderson Construction Company, Inc. Employee Stock Ownership Plan
Ppic Employee Stock Ownership Plan vs. nearby ESOP plans in New Mexico, assets vs. participants
Compare Ppic Employee Stock Ownership Plan side-by-side with 3 peers →

Ppic Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside New Mexico, the nearest ESOP by assets is Holloman Corporation Employee Stock Ownership Plan in TX ($59M); by covered participants it is Architectural Nexus, Inc. Employee Stock Ownership Plan and Trust in UT (107 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (107 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 Ppic Employee Stock Ownership Plan assets move in 2023? ▼
Ppic Employee Stock Ownership Plan surged - up 34.4% during 2023, from $44M to $59M. Reported net income was $15M.
How have Patriot Power Investment Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Patriot Power Investment Corporation's sponsor-wide assets grew 13.7%, from $51M to $59M.
Where does Ppic Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Ppic Employee Stock Ownership Plan ranks in the 87th 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 Ppic Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Holloman Corporation Employee Stock Ownership Plan in TX ($59M, 183 participants).
Which ESOP plans cover a similar participant headcount to Ppic Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Architectural Nexus, Inc. Employee Stock Ownership Plan and Trust in UT (107 participants, $21M 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 271061316.

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.