ESOP · DOL Form 5500 · 2023

Cannon & Wendt Electric Co., Inc. ESOP

Data updated 2026-08-25

$82M
Total assets Below avg plan size
396
Participants Below avg headcount
90th
Percentile by assets National rank
$206,853
Avg per participant Above avg balance/head
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Official DOL plan name: Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust · Sponsored by Cannon & Wendt Electric Co., Inc. · Arizona · Construction

$82M in assets, 396 participants

Cannon & Wendt Electric Co., Inc.'s Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust reported $82M in total assets and 396 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

  • #7,946 in Construction (9,030 peers)

Where Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust sits by assets

Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust sits in the top 10% of all filed plans by assets, $82M for 396 participants (~$206,853/participant), up 20.0% in 2023.

#7,946
in Construction (9,030 peers)
+20.0%
assets growth YoY
0.8×
vs typical plan assets (national mean)

Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust's outsized position by total assets

Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust vs every filed plan by assets

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

$81,913,624 Top 10% higher than 90% 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

Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust 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. Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust sits mid-pack in the medium band (396 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust end-of-year assets rose from $68M in the plan year 2022 filing to $82M in the plan year 2023 filing.
  • Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust reported participants rose from 360 in the plan year 2022 filing to 396 in the plan year 2023 filing.
  • Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust reported net income fell from $15M in the plan year 2022 filing to $15M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 860141198 · Cannon & Wendt Electric Co., Inc. PY 2023 · ESOP

Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust · $82M · 396 · 90th

  • RANK $82M
  • PHOTO 396
  • IND 90th
  • EOY ESOP
  • 5500 near Triton Employee Stock Ownership Plan
  • ASSETS ind #7946

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 Arizona →

Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust in the asset neighbourhood

Skyline Construction Employee Stock Ownership PlanSkyline Construction Employe…$82MTriton Employee Stock Ownership PlanTriton Employee Stock Owners…$82MCannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and TrustCannon & Wendt Electric Co.,…$82MHmc Architects Employee Stock Ownership PlanHmc Architects Employee Stoc…$82MAmerican Polywater Corporation Employee Stock Ownership PlanAmerican Polywater Corporati…$82M
End-of-year total assets ($M) among Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$68M
Net Assets (End of Year)$82M
Net Income$15M
Employer EIN860141198
Plan Effective Date2006-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Cannon & Wendt Electric Co., Inc.)

Sponsor-wide plan assets over time

All Cannon & Wendt Electric Co., Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$112M 58.4643783624909% vs 2022
2024 filing year
$60M$80M$100M$120M 202220232024 $70.4M $112M ▲ +58.5%
Year Plans Participants Total Assets
2022 2 735 $70M
2023 1 396 $82M
2024 1 499 $112M

Nearby ESOP Plans in Arizona

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

Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Arizona, assets vs. participants Scatter plot of 6 data points. -50000500010000150002000025000 00.511.5 Total assets ($B) Participants Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust, Total assets ($B): 0.081913624 · Participants: 396Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and TrustThe Sundt Companies Employee Stock Ownership Plan, Total assets ($B): 1.064355538 · Participants: 2392The Sundt Companies Employee Stock Ownership PlanU-Haul Holding Company Employee Stock Ownership Plan, Total assets ($B): 0.61854692 · Participants: 19740U-Haul Holding Company Employee Stock Ownership PlanSpencer's Air Conditioning & Appliance, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.313228026 · Participants: 253Spencer's Air Conditioning & Appliance, Inc. Employee Stock Ownership PlanPima Medical Institute Employee Stock Ownership Plan, Total assets ($B): 0.216174467 · Participants: 1057Pima Medical Institute Employee Stock Ownership PlanWilson Electric Services Corp. Employee Stock Ownership Plan, Total assets ($B): 0.167298665 · Participants: 726Wilson Electric Services Corp. Employee Stock Ownership Plan
Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Arizona, assets vs. participants
Compare Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust side-by-side with 3 peers →

Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust's out-of-state ESOP peers by assets and headcount

Outside Arizona, the nearest ESOP by assets is Triton Employee Stock Ownership Plan in WV ($82M); by covered participants it is Buist Electric Inc Employee Stock Ownership Plan in MI (396 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (396 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 Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust assets move in 2023? ▼
Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust grew sharply - up 20.0% during 2023, from $68M to $82M. Reported net income was $15M.
How have Cannon & Wendt Electric Co., Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Cannon & Wendt Electric Co., Inc.'s sponsor-wide assets grew 58.5%, from $70M to $112M.
Where does Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust rank by assets among Form 5500 filers? ▼
Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust ranks in the 90th 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 Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by assets is Triton Employee Stock Ownership Plan in WV ($82M, 61 participants).
Which ESOP plans cover a similar participant headcount to Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by covered participants is Buist Electric Inc Employee Stock Ownership Plan in MI (396 participants, $51M 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 860141198.

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.