ESOP · DOL Form 5500 · 2023

Kline Electric, Inc. ESOP

Data updated 2026-08-25

$24M
Total assets Small plan by assets
142
Participants Small participant base
76th
Percentile by assets National rank
$168,570
Avg per participant Above avg balance/head
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Official DOL plan name: Kline Electric, Inc. Employee Stock Ownership Plan · Sponsored by Kline Electric, Inc. · Iowa · Construction

$24M in assets, 142 participants

Kline Electric, Inc.'s Kline Electric, Inc. Employee Stock Ownership Plan reported $24M in total assets and 142 participants in its 2023 DOL Form 5500 filing, ranking in the 76th 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.

  • #6,715 in Construction (9,030 peers)

Coverage in Iowa

Kline Electric, Inc. Employee Stock Ownership Plan covers 142 participants in Iowa, about 23% of the average Iowa filer (state average ~609 per filing). Assets: $24M.

#6,715
in Construction (9,030 peers)
+22.3%
assets growth YoY
0.2×
vs typical plan assets (national mean)

Kline Electric, Inc. Employee Stock Ownership Plan's outsized position by total assets

Kline Electric, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$23,936,942 Top 24% higher than 76% 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

Kline Electric, Inc. 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. Kline Electric, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (142 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Kline Electric, Inc. Employee Stock Ownership Plan end-of-year assets rose from $20M in the plan year 2022 filing to $24M in the plan year 2023 filing.
  • Kline Electric, Inc. Employee Stock Ownership Plan reported net income rose from $4M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Kline Electric, Inc. Employee Stock Ownership Plan reported participants rose from 135 in the plan year 2022 filing to 142 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 800099527 · Kline Electric, Inc. PY 2023 · ESOP

Kline Electric, Inc. Employee Stock Ownership Plan · $24M · 142 · 76th

  • PART $24M
  • TYPE 142
  • NET 76th
  • BOOK ESOP
  • VS-ST near Dorsett Industries Employee Stock Ownership Plan
  • BOY ind #6715

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 Iowa →

Kline Electric, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Guttman Holdings Employee Stock Ownership PlanGuttman Holdings Employee St…$24MLarusso Concrete, Inc Employee Stock Ownership Plan and TrustLarusso Concrete, Inc Employ…$24MKline Electric, Inc. Employee Stock Ownership PlanKline Electric, Inc. Employe…$24MDorsett Industries Employee Stock Ownership PlanDorsett Industries Employee …$24MTech Met, Inc. Employee Stock Ownership PlanTech Met, Inc. Employee Stoc…$24M
End-of-year total assets ($M) among Kline Electric, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Iowa filing particulars

Total Assets (Beginning of Year)$20M
Net Assets (End of Year)$15M
Net Income$5M
Employer EIN800099527
Plan Effective Date2016-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Kline Electric, Inc.)

Sponsor-wide plan assets over time

All Kline Electric, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$25M 29.49540764062081% vs 2022
2024 filing year
$18M$20M$22M$24M$26M 202220232024 $19.6M $25.4M ▲ +29.5%
Year Plans Participants Total Assets
2022 1 135 $20M
2023 1 142 $24M
2024 1 157 $25M

Nearby ESOP Plans in Iowa

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

Kline Electric, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants Scatter plot of 6 data points. 050010001500 -20002004006008001000 Total assets ($M) Participants Kline Electric, Inc. Employee Stock Ownership Plan, Total assets ($M): 23.936942 · Participants: 142Kline Electric, Inc. Employee Stock Ownership PlanEmployee Owned Brands, Inc. Employee Stock Ownership Plan, Total assets ($M): 863.986659 · Participants: 802Employee Owned Brands, Inc. Employee Stock Ownership PlanVan Meter Industrial, Inc. Employee Stock Ownership Plan, Total assets ($M): 596.09835 · Participants: 801Van Meter Industrial, Inc. Employee Stock Ownership PlanPrecision, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 438.062674 · Participants: 667Precision, Inc. Employee Stock Ownership Plan and TrustIta Group Holdings, Inc. Employees' Stock Ownership Plan, Total assets ($M): 427.790025 · Participants: 771Ita Group Holdings, Inc. Employees' Stock Ownership PlanVgm Group, Inc. Employee Stock Ownership Plan, Total assets ($M): 405.931426 · Participants: 1070Vgm Group, Inc. Employee Stock Ownership Plan
Kline Electric, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants
Compare Kline Electric, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Iowa, the nearest ESOP by assets is Dorsett Industries Employee Stock Ownership Plan in GA ($24M); by covered participants it is Dynabrade, Inc Employee Stock Ownership Plan in NY (142 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (142 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 Kline Electric, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Kline Electric, Inc. Employee Stock Ownership Plan grew sharply - up 22.3% during 2023, from $20M to $24M. Reported net income was $5M.
How have Kline Electric, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Kline Electric, Inc.'s sponsor-wide assets grew 29.5%, from $20M to $25M.
Where does Kline Electric, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Kline Electric, Inc. Employee Stock Ownership Plan ranks in the 76th 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 Kline Electric, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Dorsett Industries Employee Stock Ownership Plan in GA ($24M, 113 participants).
Which ESOP plans cover a similar participant headcount to Kline Electric, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Dynabrade, Inc Employee Stock Ownership Plan in NY (142 participants, $39M 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 800099527.

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.