ESOP · DOL Form 5500 · 2023
New River Electrical Corporation ESOP
Data updated 2026-08-25
- $321M
- Total assets Above avg plan size
- 444
- Participants Below avg headcount
- 96th
- Percentile by assets National rank
- $722,870
- Avg per participant High balance/head
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.
- #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.
- #8,644
- in Construction (9,030 peers)
- +11.6%
- assets growth YoY
- 3.2×
- vs typical plan assets (national mean)
New River Electrical Corporation Employee Stock Ownership Plan's outsized position by total assets
New River Electrical Corporation Employee Stock Ownership Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$320,954,252 Top 4% higher than 96% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
New River Electrical Corporation Employee Stock Ownership Plan 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. New River Electrical Corporation Employee Stock Ownership Plan sits mid-pack in the medium band (444 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- 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.
Form 5500 schedule snapshot
Filing strip 540562496 · New River Electrical Corporation PY 2023 · ESOP
New River Electrical Corporation Employee Stock Ownership Plan · $321M · 444 · 96th
- EBSA $321M
- EBSA 444
- EBSA 96th
- EBSA ESOP
- EBSA near Tecolote Research, Inc. Employee Stock Ownership Plan
- EBSA ind #8644
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 Virginia →
New River Electrical Corporation Employee Stock Ownership Plan in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All New River Electrical Corporation plans reported in each filing year
- Latest sponsor-wide plan assets
- $398M 32.11984823874877% vs 2022
- 2024 filing year
| 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.
- 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
New River Electrical Corporation Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount
Outside Virginia, the nearest ESOP by assets is Tecolote Research, Inc. Employee Stock Ownership Plan in CA ($321M); by covered participants it is Hercules Industries, Inc. Employee Stock Ownership Plan in CO (444 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($321M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (444 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.