ESOP · DOL Form 5500 · 2023

Cannon & Wendt Electric Co., Inc. ESOP

Data updated 2026-08-11

$82M
Total assets: 396
Participants: 90th
Percentile by assets: $206,853
Avg per participant

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.

90th percentile by assets (of 127,072 plans)
#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.

$82M
total plan assets (2023 EOY): 396
covered participants: 90th
percentile by assets (of 127,072 plans): $206,853
avg assets per participant

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 →

State

Arizona

Industry

Construction

Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust vs the 2023 asset distribution

By assets, Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust outranks 90% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.8x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$68M
Net Assets (End of Year)	$82M
Net Income	$15M
Employer EIN	860141198
Plan Effective Date	2006-01-01
Filing Status	FILING RECEIVED

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

Total plan assets by year, all Cannon & Wendt Electric Co., Inc. plans on file

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

The Sundt Companies Employee Stock Ownership Plan $1.1B · 2,392
U-Haul Holding Company Employee Stock Ownership Plan $619M · 19,740
Spencer's Air Conditioning & Appliance, Inc. Employee Stock Ownership Plan $313M · 253
Pima Medical Institute Employee Stock Ownership Plan $216M · 1,057
Wilson Electric Services Corp. Employee Stock Ownership Plan $167M · 726

Compare Cannon & Wendt Electric Co., Inc. Employ… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust by total assets, not by location.

Triton Employee Stock Ownership Plan (WV) $82M · 61
Hmc Architects Employee Stock Ownership Plan (CA) $82M · 247
American Polywater Corporation Employee Stock Ownership Plan (MN) $82M · 52
Skyline Construction Employee Stock Ownership Plan (CA) $82M · 387

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).

Next read for Cannon & Wendt Electric Co., Inc. Employ…

Scale reading

Ways to act on Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust's numbers.

By total assets, Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust 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 Arizona. Compare plans
Cannon & Wendt Electric Co., Inc.'s sponsor-wide assets have grown 58.5% 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 860141198.