ESOP · DOL Form 5500 · 2023

Beacon Electric Company ESOP

Data updated 2026-08-11

$6M
Total assets
109
Participants
47th
Percentile by assets
$52,706
Avg per participant
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Official DOL plan name: Beacon Electric Company Employee Stock Ownership Plan · Sponsored by Beacon Electric Company · Ohio · Construction

$6M in assets, 109 participants

Beacon Electric Company's Beacon Electric Company Employee Stock Ownership Plan reported $6M in total assets and 109 participants in its 2023 DOL Form 5500 filing, ranking in the 47th 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.

  • 47th percentile by assets (of 127,072 plans)
  • #4,078 in Construction (9,030 peers)

Coverage in Ohio

Beacon Electric Company Employee Stock Ownership Plan covers 109 participants in Ohio, about 14% of the average Ohio filer (state average ~765 per filing). Assets: $6M.

$6M
total plan assets (2023 EOY)
109
covered participants
47th
percentile by assets (of 127,072 plans)
$52,706
avg assets per participant

Where Beacon Electric Company Employee Stock Ownership Plan sits by total assets

Beacon Electric Company Employee Stock Ownership Plan vs every filed plan by assets

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

$5,745,000 47th percentile higher than 47% 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

  • Beacon Electric Company Employee Stock Ownership Plan reported net income rose from $116K in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Beacon Electric Company Employee Stock Ownership Plan end-of-year assets rose from $730K in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Beacon Electric Company Employee Stock Ownership Plan reported participants fell from 121 in the plan year 2022 filing to 109 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Ohio
Industry
Construction

Participants vs Ohio filers

In Ohio, the average filing covers about 765 participants across 5,089 plans. Beacon Electric Company Employee Stock Ownership Plan reports 109 participants - about 14% of that state average ($6M EOY assets).

Ohio filing particulars

Total Assets (Beginning of Year)$730K
Net Assets (End of Year)-$11M
Net Income$5M
Employer EIN311058353
Plan Effective Date2018-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Beacon Electric Company)

$5M$10M$15M$20M$25M 202220232024 $9.11M $22.4M ▲ +146.2%
Total plan assets by year, all Beacon Electric Company plans on file
Year Plans Participants Total Assets
2022 2 241 $9M
2023 2 220 $14M
2024 2 230 $22M

Nearby ESOP Plans in Ohio

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

Beacon Electric Company Employee Stock Ownership Plan vs. nearby ESOP plans in Ohio, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -100102030 Total assets ($B) Participants Beacon Electric Comp…, Total assets ($B): 0.005745 · Participants: 109Beacon Electric Comp…Procter & Gamble Pro…, Total assets ($B): 23.091305753 · Participants: 32152Procter & Gamble Pro…The Garland Industri…, Total assets ($B): 1.692644904 · Participants: 1019The Garland Industri…Messer Inc. Employee…, Total assets ($B): 0.62249774 · Participants: 873Messer Inc. Employee…Great Lakes Cheese C…, Total assets ($B): 0.504257458 · Participants: 4110Great Lakes Cheese C…Cleveland Steel Cont…, Total assets ($B): 0.451883636 · Participants: 434Cleveland Steel Cont…
Beacon Electric Company Employee Stock Ownership Plan vs. nearby ESOP plans in Ohio, assets vs. participants
Compare Beacon Electric Company Employee Stock O… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Beacon Electric Company Employee Stock Ownership Plan by total assets, not by location.

Frequently Asked Questions

How did Beacon Electric Company Employee Stock Ownership Plan assets move in 2023? ▼
Beacon Electric Company Employee Stock Ownership Plan surged - up 687.0% during 2023, from $730K to $6M. Reported net income was $5M.
How have Beacon Electric Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Beacon Electric Company's sponsor-wide assets grew 146.1%, from $9M to $22M.
Which ESOP plans are similar in size to Beacon Electric Company Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is The Cmi Group, Inc Employee Stock Ownership Plan in TX ($6M, 292 participants).

Next read for Beacon Electric Company Employee Stock O…

Filing takeaways

Ways to act on Beacon Electric Company Employee Stock Ownership Plan's numbers.

  • By total assets, Beacon Electric Company Employee Stock Ownership Plan ranks in the lower half of filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar ESOP plans in Ohio. Compare plans
  • Beacon Electric Company's sponsor-wide assets have grown 146.1% 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 311058353.

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.