ESOP · DOL Form 5500 · 2023

Baker Electric, Inc. ESOP

Data updated 2026-08-11

$13M
Total assets
277
Participants
64th
Percentile by assets
$46,967
Avg per participant
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Official DOL plan name: Baker Electric Employee Stock Ownership Plan · Sponsored by Baker Electric, Inc. · California · Construction

$13M in assets, 277 participants

Baker Electric, Inc.'s Baker Electric Employee Stock Ownership Plan reported $13M in total assets and 277 participants in its 2023 DOL Form 5500 filing, ranking in the 64th 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.

  • 64th percentile by assets (of 127,072 plans)
  • #5,663 in Construction (9,030 peers)

Coverage in California

Baker Electric Employee Stock Ownership Plan covers 277 participants in California, about 44% of the average California filer (state average ~630 per filing). Assets: $13M.

$13M
total plan assets (2023 EOY)
277
covered participants
64th
percentile by assets (of 127,072 plans)
$46,967
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Baker Electric Employee Stock Ownership Plan reported net income rose from $3M in the plan year 2022 filing to $10M in the plan year 2023 filing.
  • Baker Electric Employee Stock Ownership Plan end-of-year assets rose from $5M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • Baker Electric Employee Stock Ownership Plan reported participants fell from 475 in the plan year 2022 filing to 277 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Industry

Participants vs California filers

In California, the average filing covers about 630 participants across 15,291 plans. Baker Electric Employee Stock Ownership Plan reports 277 participants - about 44% of that state average ($13M EOY assets).

California filing particulars

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)-$54M
Net Income$10M
Employer EIN951853701
Plan Effective Date2020-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Baker Electric, Inc.)

$0M$20M$40M$60M$80M 202220232024 $17.3M $68.2M ▲ +295.1%
Total plan assets by year, all Baker Electric, Inc. plans on file
Year Plans Participants Total Assets
2022 2 755 $17M
2023 2 571 $29M
2024 2 567 $68M

Nearby ESOP Plans in California

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

Baker Electric Employee Stock Ownership Plan vs. nearby ESOP plans in California, assets vs. participants

Baker Electric Employee Stock Ownership Plan vs. nearby ESOP plans in California, assets vs. participants Scatter plot of 6 data points. -20000200040006000800010000 -101234 Total assets ($B) Participants Baker Electric Emplo…Parsons Employee Sto…Acco Employee Stock …Rosendin Electric, I…Agron, Inc. Employee…Recology Employee St…
Baker Electric Employee Stock Ownership Plan vs. nearby ESOP plans in California, assets vs. participants

Similar-Sized ESOP Plans Nationally

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

Frequently Asked Questions

How did Baker Electric Employee Stock Ownership Plan assets move in 2023?
Baker Electric Employee Stock Ownership Plan surged - up 153.6% during 2023, from $5M to $13M. Reported net income was $10M.
How have Baker Electric, Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), Baker Electric, Inc.'s sponsor-wide assets grew 295.1%, from $17M to $68M.
Which ESOP plans are similar in size to Baker Electric Employee Stock Ownership Plan?
Among ESOP plans in other states, the closest by assets is Gmi Corporation, Inc. Employee Stock Ownership Plan in IN ($13M, 89 participants).

Next read for Baker Electric Employee Stock Ownership …

Filing takeaways

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