ESOP · DOL Form 5500 · 2023

Highpoint Electric, Inc. ESOP

Data updated 2026-08-25

$2M
Total assets Small plan by assets
66
Participants Small participant base
29th
Percentile by assets National rank
$25,678
Avg per participant Low balance/head
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Official DOL plan name: Highpoint Electric, Inc. Employee Stock Ownership Plan · Sponsored by Highpoint Electric, Inc. · Michigan · Construction

$2M in assets, 66 participants

Highpoint Electric, Inc.'s Highpoint Electric, Inc. Employee Stock Ownership Plan reported $2M in total assets and 66 participants in its 2023 DOL Form 5500 filing, ranking in the 29th 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.

  • #2,390 in Construction (9,030 peers)

Highpoint Electric, Inc. multi-year trail

Highpoint Electric, Inc.'s plans moved +17.3% in assets from 2022 to 2024; this filing shows Highpoint Electric, Inc. Employee Stock Ownership Plan at $2M / 66 participants.

#2,390
in Construction (9,030 peers)
+40.4%
assets growth YoY

Highpoint Electric, Inc. Employee Stock Ownership Plan among the smaller filed plans by assets

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

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

$1,694,747 29th percentile higher than 29% 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

Highpoint Electric, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Highpoint Electric, Inc. Employee Stock Ownership Plan is a small filing (66 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Highpoint Electric, Inc. Employee Stock Ownership Plan reported net income rose from $369K in the plan year 2022 filing to $847K in the plan year 2023 filing.
  • Highpoint Electric, Inc. Employee Stock Ownership Plan end-of-year assets rose from $1M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Highpoint Electric, Inc. Employee Stock Ownership Plan reported participants rose from 55 in the plan year 2022 filing to 66 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 204147041 · Highpoint Electric, Inc. PY 2023 · ESOP

Highpoint Electric, Inc. Employee Stock Ownership Plan · $2M · 66 · 29th

  • TYPE $2M
  • TYPE 66
  • TYPE 29th
  • TYPE ESOP
  • TYPE near French-Reneker Associates, Inc. Employee Stock Ownership Plan
  • TYPE ind #2390

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 Michigan →

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

Highpoint Electric, Inc. Employee Stock Ownership PlanHighpoint Electric, Inc. Emp…$2MFrench-Reneker Associates, Inc. Employee Stock Ownership PlanFrench-Reneker Associates, I…$2MShintech Incorporated Employee Stock Ownership PlanShintech Incorporated Employ…$2MKearney Equipment Holdings, Inc. Employee Stock Ownership PlanKearney Equipment Holdings, …$2MScimitar, Inc. Employee Stock Ownership PlanScimitar, Inc. Employee Stoc…$2M
End-of-year total assets ($M) among Highpoint Electric, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Highpoint Electric, Inc. multi-year asset trail

Sponsor-wide plan assets over time

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

Latest sponsor-wide plan assets
$1M 17.29298202005137% vs 2022
2024 filing year
$1M$1.2M$1.4M$1.6M$1.8M 202220232024 $1.21M $1.42M ▲ +17.4%
Year Plans Participants Total Assets
2022 1 55 $1M
2023 1 66 $2M
2024 1 74 $1M

Highpoint Electric, Inc. filing trail (2023)

Total Assets (Beginning of Year)$1M
Net Assets (End of Year)$1M
Net Income$847K
Employer EIN204147041
Plan Effective Date2021-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Michigan

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

Highpoint Electric, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants Scatter plot of 6 data points. -5000500100015002000 -0.500.511.5 Total assets ($B) Participants Highpoint Electric, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.001694747 · Participants: 66Highpoint Electric, Inc. Employee Stock Ownership PlanMcnaughton-Mckay Electric Company Employee Stock Ownership Plan, Total assets ($B): 1.30777109 · Participants: 1635Mcnaughton-Mckay Electric Company Employee Stock Ownership PlanThe Kendall Group Employee Stock Ownership Plan, Total assets ($B): 0.808091077 · Participants: 1907The Kendall Group Employee Stock Ownership PlanProject Worldwide, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.436210284 · Participants: 1173Project Worldwide, Inc. Employee Stock Ownership PlanMotor City Electric Co. Employee Stock Ownership Plan, Total assets ($B): 0.258079249 · Participants: 207Motor City Electric Co. Employee Stock Ownership PlanLee Contracting, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.237688318 · Participants: 500Lee Contracting, Inc. Employee Stock Ownership Plan
Highpoint Electric, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Highpoint Electric, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Michigan, the nearest ESOP by assets is French-Reneker Associates, Inc. Employee Stock Ownership Plan in IA ($2M); by covered participants it is Pete Moffat Construction Inc. Employee Stock Ownership Plan in CA (66 participants). Same-state nearby plans are listed separately above.

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 Highpoint Electric, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Highpoint Electric, Inc. Employee Stock Ownership Plan surged - up 40.4% during 2023, from $1M to $2M. Reported net income was $847K.
How have Highpoint Electric, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Highpoint Electric, Inc.'s sponsor-wide assets grew 17.3%, from $1M to $1M.
Which ESOP plans are similar in size to Highpoint Electric, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is French-Reneker Associates, Inc. Employee Stock Ownership Plan in IA ($2M, 20 participants).
Which ESOP plans cover a similar participant headcount to Highpoint Electric, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Pete Moffat Construction Inc. Employee Stock Ownership Plan in CA (66 participants, $4M 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 204147041.

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.