ESOP · DOL Form 5500 · 2023

Kline Electric, Inc. ESOP

Data updated 2026-08-11

$24M
Total assets: 142
Participants: 76th
Percentile by assets: $168,570
Avg per participant

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.

76th percentile by assets (of 127,072 plans)
#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.

$24M
total plan assets (2023 EOY): 142
covered participants: 76th
percentile by assets (of 127,072 plans): $168,570
avg assets per participant

Where Kline Electric, Inc. Employee Stock Ownership Plan sits 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

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 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 →

State

Iowa

Industry

Construction

Participants vs Iowa filers

In Iowa, the average filing covers about 609 participants across 1,246 plans. Kline Electric, Inc. Employee Stock Ownership Plan reports 142 participants - about 23% of that state average ($24M EOY assets).

Iowa filing particulars

Total Assets (Beginning of Year)	$20M
Net Assets (End of Year)	$15M
Net Income	$5M
Employer EIN	800099527
Plan Effective Date	2016-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Kline Electric, Inc.)

Total plan assets by year, all Kline Electric, Inc. plans on file

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

Employee Owned Brands, Inc. Employee Stock Ownership Plan $864M · 802
Van Meter Industrial, Inc. Employee Stock Ownership Plan $596M · 801
Precision, Inc. Employee Stock Ownership Plan and Trust $438M · 667
Ita Group Holdings, Inc. Employees' Stock Ownership Plan $428M · 771
Vgm Group, Inc. Employee Stock Ownership Plan $406M · 1,070

Compare Kline Electric, Inc. Employee Stock Owne… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

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

Dorsett Industries Employee Stock Ownership Plan (GA) $24M · 113
Tech Met, Inc. Employee Stock Ownership Plan (PA) $24M · 51
Guttman Holdings Employee Stock Ownership Plan (PA) $24M · 198
Larusso Concrete, Inc Employee Stock Ownership Plan and Trust (OR) $24M · 162

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).

Next read for Kline Electric, Inc. Employee Stock Owne…

Filing takeaways

Ways to act on Kline Electric, Inc. Employee Stock Ownership Plan's numbers.

By total assets, Kline Electric, Inc. Employee Stock Ownership Plan ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar ESOP plans in Iowa. Compare plans
Kline Electric, Inc.'s sponsor-wide assets have grown 29.5% 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 800099527.