ESOP · DOL Form 5500 · 2023

Ppl Services Corporation ESOP

Data updated 2026-08-11

$108M
Total assets: 1,388
Participants: 92nd
Percentile by assets: $77,466
Avg per participant

Official DOL plan name: Ppl Employee Stock Ownership Plan · Sponsored by Ppl Services Corporation · Pennsylvania · Utilities

$108M in assets, 1,388 participants

Ppl Services Corporation's Ppl Employee Stock Ownership Plan reported $108M in total assets and 1,388 participants in its 2023 DOL Form 5500 filing, ranking in the 92nd 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.

92nd percentile by assets (of 127,072 plans)
#461 in Utilities (721 peers)

Utilities sector rank

Within Utilities, Ppl Employee Stock Ownership Plan ranks #461 of 721 2023 filers by assets (499% of the sector average)-$108M for 1,388 participants.

$108M
total plan assets (2023 EOY): 1,388
covered participants: 92nd
percentile by assets (of 127,072 plans): $77,466
avg assets per participant

The plan reported a net loss of $18M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Ppl Employee Stock Ownership Plan reported net income fell from -$13M in the plan year 2022 filing to -$18M in the plan year 2023 filing.
Ppl Employee Stock Ownership Plan end-of-year assets fell from $126M in the plan year 2022 filing to $108M in the plan year 2023 filing.
Ppl Employee Stock Ownership Plan reported participants fell from 1,535 in the plan year 2022 filing to 1,388 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Pennsylvania

Industry

Utilities

Rank #461 in Utilities

Among 721 Utilities plans that filed a Form 5500 for plan year 2023, Ppl Employee Stock Ownership Plan ranks #461 by end-of-year assets - about 499% of the sector average of $537M. Nationally it sits in the 92nd percentile, a weaker position within its industry than across all filers.

Utilities filing particulars

Total Assets (Beginning of Year)	$126M
Net Assets (End of Year)	$107M
Net Income	-$18M
Employer EIN	233041441
Plan Effective Date	1975-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Ppl Services Corporation)

Total plan assets by year, all Ppl Services Corporation plans on file

Year	Plans	Participants	Total Assets
2022	7	6,621	$3.2B
2023	7	5,488	$3.5B
2024	7	6,800	$3.5B

Nearby ESOP Plans in Pennsylvania

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

Ppl Employee Stock Ownership Plan vs. nearby ESOP plans in Pennsylvania, assets vs. participants

Wawa, Inc. Employee Stock Ownership Plan $5.3B · 42,695
Bradford White Corporation Employee Stock Ownership Plan and Trust Agreement $1.6B · 342
Centimark Corporation Employee Stock Ownership Plan and Trust $687M · 2,353
Sheetz, Inc. Employee Stock Ownership Plan $686M · 13,858
D & H Employee Stock Ownership Plan $289M · 1,461

Compare Ppl Employee Stock Ownership Plan side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

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

Swca, Inc Employee Stock Ownership Plan and Trust (AZ) $108M · 1,030
Miller Electric Company Employee Stock Ownership Plan and Trust (FL) $108M · 559
Fin Feather Fur Outfitters, Inc. Employee Stock Ownership Plan (OH) $107M · 179
Alliance Material Handling Employee Stock Ownership Plan (MD) $107M · 292

Frequently Asked Questions

How did Ppl Employee Stock Ownership Plan assets move in 2023? ▼

Ppl Employee Stock Ownership Plan pulled back noticeably - down 14.4% during 2023, from $126M to $108M. Reported net income was -$18M.

How have Ppl Services Corporation plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Ppl Services Corporation's sponsor-wide assets grew 9.7%, from $3.2B to $3.5B.

Where does Ppl Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼

Ppl Employee Stock Ownership Plan ranks in the 92nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).

Which ESOP plans are similar in size to Ppl Employee Stock Ownership Plan? ▼

Among ESOP plans in other states, the closest by assets is Swca, Inc Employee Stock Ownership Plan and Trust in AZ ($108M, 1,030 participants).

Next read for Ppl Employee Stock Ownership Plan

Filing takeaways

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

By total assets, Ppl Employee Stock Ownership Plan ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar ESOP plans in Pennsylvania. Compare plans
Ppl Services Corporation's sponsor-wide assets have grown 9.7% since 2022 across 3 plan years on file. More Utilities 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 233041441.