ESOP · DOL Form 5500 · 2023

New River Electrical Corporation ESOP

Data updated 2026-08-11

$321M
Total assets: 444
Participants: 96th
Percentile by assets: $722,870
Avg per participant

Official DOL plan name: New River Electrical Corporation Employee Stock Ownership Plan · Sponsored by New River Electrical Corporation · Virginia · Construction

$321M in assets, 444 participants

New River Electrical Corporation's New River Electrical Corporation Employee Stock Ownership Plan reported $321M in total assets and 444 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

96th percentile by assets (of 127,072 plans)
#8,644 in Construction (9,030 peers)

Where New River Electrical Corporation Employee Stock Ownership Plan sits by assets

New River Electrical Corporation Employee Stock Ownership Plan sits in the top 5% of all filed plans by assets, $321M for 444 participants (~$722,870/participant), up 11.6% in 2023.

$321M
total plan assets (2023 EOY): 444
covered participants: 96th
percentile by assets (of 127,072 plans): $722,870
avg assets per participant

New River Electrical Corporation Employee Stock Ownership Plan reported net income rose from $30M in the plan year 2022 filing to $35M in the plan year 2023 filing.
New River Electrical Corporation Employee Stock Ownership Plan end-of-year assets rose from $288M in the plan year 2022 filing to $321M in the plan year 2023 filing.
New River Electrical Corporation Employee Stock Ownership Plan reported participants rose from 424 in the plan year 2022 filing to 444 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Virginia

Industry

Construction

New River Electrical Corporation Employee Stock Ownership Plan vs the 2023 asset distribution

By assets, New River Electrical Corporation Employee Stock Ownership Plan outranks 96% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 3.2x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$288M
Net Assets (End of Year)	$289M
Net Income	$35M
Employer EIN	540562496
Plan Effective Date	1966-12-31
Filing Status	FILING RECEIVED

Sponsor Plan History (New River Electrical Corporation)

Total plan assets by year, all New River Electrical Corporation plans on file

Year	Plans	Participants	Total Assets
2022	2	542	$301M
2023	2	569	$338M
2024	2	586	$398M

Nearby ESOP Plans in Virginia

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

New River Electrical Corporation Employee Stock Ownership Plan vs. nearby ESOP plans in Virginia, assets vs. participants

Nvr, Inc. Employee Stock Ownership Plan $1.2B · 6,866
The Resorts Companies, Inc. Employee Stock Ownership Plan $352M · 1,751
American Systems Corporation Employee Stock Ownership Plan $331M · 1,782
Modern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust $322M · 1,652
Davis H. Elliot Company, Incorporated Employee Stock Ownership Plan $250M · 2,072

Compare New River Electrical Corporation Employe… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to New River Electrical Corporation Employee Stock Ownership Plan by total assets, not by location.

Tecolote Research, Inc. Employee Stock Ownership Plan (CA) $321M · 609
Brown Capital Management ESOP (MD) $320M · 35
Thirty Fifteen Employee Stock Ownership Plan (FL) $324M · 5,365
Wausau Supply Company Employee Stock Ownership Plan (WI) $315M · 808

Frequently Asked Questions

How did New River Electrical Corporation Employee Stock Ownership Plan assets move in 2023? ▼

New River Electrical Corporation Employee Stock Ownership Plan grew at a solid clip - up 11.6% during 2023, from $288M to $321M. Reported net income was $35M.

How have New River Electrical Corporation plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), New River Electrical Corporation's sponsor-wide assets grew 32.1%, from $301M to $398M.

Where does New River Electrical Corporation Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼

New River Electrical Corporation Employee Stock Ownership Plan ranks in the 96th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).

Which ESOP plans are similar in size to New River Electrical Corporation Employee Stock Ownership Plan? ▼

Among ESOP plans in other states, the closest by assets is Tecolote Research, Inc. Employee Stock Ownership Plan in CA ($321M, 609 participants).

Next read for New River Electrical Corporation Employe…

Scale reading

Ways to act on New River Electrical Corporation Employee Stock Ownership Plan's numbers.

By total assets, New River Electrical Corporation Employee Stock Ownership Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar ESOP plans in Virginia. Compare plans
New River Electrical Corporation's sponsor-wide assets have grown 32.1% 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 540562496.