ESOP · DOL Form 5500 · 2023

Taft Electric Company, Inc. ESOP

Data updated 2026-08-25

$43M
Total assets Below avg plan size
161
Participants Small participant base
84th
Percentile by assets National rank
$268,704
Avg per participant High balance/head
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Official DOL plan name: Taft Electric Company Employee Stock Ownership Plan · Sponsored by Taft Electric Company, Inc. · California · Construction

$43M in assets, 161 participants

Taft Electric Company, Inc.'s Taft Electric Company Employee Stock Ownership Plan reported $43M in total assets and 161 participants in its 2023 DOL Form 5500 filing, ranking in the 84th 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.

  • #7,392 in Construction (9,030 peers)

Coverage in California

Taft Electric Company Employee Stock Ownership Plan covers 161 participants in California, about 26% of the average California filer (state average ~630 per filing). Assets: $43M.

#7,392
in Construction (9,030 peers)
+16.2%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Taft Electric Company Employee Stock Ownership Plan's outsized position by total assets

Taft Electric Company Employee Stock Ownership Plan vs every filed plan by assets

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

$43,261,298 Top 16% higher than 84% 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

Taft Electric Company 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. Taft Electric Company Employee Stock Ownership Plan sits mid-pack in the medium band (161 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Taft Electric Company Employee Stock Ownership Plan reported net income rose from -$8M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Taft Electric Company Employee Stock Ownership Plan end-of-year assets rose from $37M in the plan year 2022 filing to $43M in the plan year 2023 filing.
  • Taft Electric Company Employee Stock Ownership Plan reported participants fell from 164 in the plan year 2022 filing to 161 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 770007216 · Taft Electric Company, Inc. PY 2023 · ESOP

Taft Electric Company Employee Stock Ownership Plan · $43M · 161 · 84th

  • ASSETS $43M
  • ASSETS 161
  • ASSETS 84th
  • ASSETS ESOP
  • ASSETS near Zink Foodservice Group, Inc. Employee Stock Ownership Plan and Trust
  • ASSETS ind #7392

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 California →

Taft Electric Company Employee Stock Ownership Plan in the asset neighbourhood

Aero Bridgeworks, Inc. Employee Stock Ownership PlanAero Bridgeworks, Inc. Emplo…$43MTaft Electric Company Employee Stock Ownership PlanTaft Electric Company Employ…$43MZink Foodservice Group, Inc. Employee Stock Ownership Plan and TrustZink Foodservice Group, Inc.…$43MAbbey Paving and Sealcoating Co. Employee Stock Ownership PlanAbbey Paving and Sealcoating…$43MRe/Spec Inc. Employee Stock Ownership PlanRe/Spec Inc. Employee Stock …$43M
End-of-year total assets ($M) among Taft Electric Company Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$37M
Net Assets (End of Year)$29M
Net Income$7M
Employer EIN770007216
Plan Effective Date2017-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Taft Electric Company, Inc.)

Sponsor-wide plan assets over time

All Taft Electric Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$64M 32.42497541013574% vs 2022
2024 filing year
$45M$50M$55M$60M$65M$70M 202220232024 $48.3M $63.9M ▲ +32.4%
Year Plans Participants Total Assets
2022 2 321 $48M
2023 2 301 $57M
2024 2 275 $64M

Nearby ESOP Plans in California

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

Taft Electric Company Employee Stock Ownership Plan vs. nearby ESOP plans in California, assets vs. participants Scatter plot of 6 data points. -20000200040006000800010000 -101234 Total assets ($B) Participants Taft Electric Company Employee Stock Ownership Plan, Total assets ($B): 0.043261298 · Participants: 161Taft Electric Company Employee Stock Ownership PlanParsons Employee Stock Ownership Plan, Total assets ($B): 3.757068542 · Participants: 7871Parsons Employee Stock Ownership PlanAcco Employee Stock Ownership Plan, Total assets ($B): 1.444524335 · Participants: 1397Acco Employee Stock Ownership PlanRosendin Electric, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.125537204 · Participants: 1700Rosendin Electric, Inc. Employee Stock Ownership PlanAgron, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.533004512 · Participants: 72Agron, Inc. Employee Stock Ownership PlanRecology Employee Stock Ownership Plan, Total assets ($B): 0.497089527 · Participants: 3656Recology Employee Stock Ownership Plan
Taft Electric Company Employee Stock Ownership Plan vs. nearby ESOP plans in California, assets vs. participants
Compare Taft Electric Company Employee Stock Ownership Plan side-by-side with 3 peers →

Taft Electric Company Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside California, the nearest ESOP by assets is Zink Foodservice Group, Inc. Employee Stock Ownership Plan and Trust in OH ($43M); by covered participants it is Loureiro Engineering Associates, Inc. Employee Stock Ownership Plan in CT (161 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (161 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 Taft Electric Company Employee Stock Ownership Plan assets move in 2023? ▼
Taft Electric Company Employee Stock Ownership Plan grew sharply - up 16.2% during 2023, from $37M to $43M. Reported net income was $7M.
How have Taft Electric Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Taft Electric Company, Inc.'s sponsor-wide assets grew 32.4%, from $48M to $64M.
Where does Taft Electric Company Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Taft Electric Company Employee Stock Ownership Plan ranks in the 84th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Taft Electric Company Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Zink Foodservice Group, Inc. Employee Stock Ownership Plan and Trust in OH ($43M, 83 participants).
Which ESOP plans cover a similar participant headcount to Taft Electric Company Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Loureiro Engineering Associates, Inc. Employee Stock Ownership Plan in CT (161 participants, $21M 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 770007216.

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.