ESOP · DOL Form 5500 · 2023

Modern Electric Co. ESOP

Data updated 2026-08-11

$5M
Total assets
50
Participants
44th
Percentile by assets
$99,504
Avg per participant
PlainRetire home → About this data

Official DOL plan name: Modern Electric Co. Employee Stock Ownership Plan · Sponsored by Modern Electric Co. · Wyoming · Construction

$5M in assets, 50 participants

Modern Electric Co.'s Modern Electric Co. Employee Stock Ownership Plan reported $5M in total assets and 50 participants in its 2023 DOL Form 5500 filing, ranking in the 44th 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.

  • 44th percentile by assets (of 127,072 plans)
  • #3,833 in Construction (9,030 peers)

Modern Electric Co. multi-year trail

Modern Electric Co.'s plans moved +80.6% in assets from 2022 to 2024; this filing shows Modern Electric Co. Employee Stock Ownership Plan at $5M / 50 participants.

$5M
total plan assets (2023 EOY)
50
covered participants
44th
percentile by assets (of 127,072 plans)
$99,504
avg assets per participant

Where Modern Electric Co. Employee Stock Ownership Plan sits by total assets

Modern Electric Co. Employee Stock Ownership Plan vs every filed plan by assets

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

$4,975,203 44th percentile higher than 44% of 127,068 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Modern Electric Co. Employee Stock Ownership Plan reported net income rose from $369K in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Modern Electric Co. Employee Stock Ownership Plan end-of-year assets rose from $4M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Modern Electric Co. Employee Stock Ownership Plan reported participants rose from 46 in the plan year 2022 filing to 50 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Wyoming
Industry
Construction

Modern Electric Co. across 3 plan years on file

Across the 3 plan years Modern Electric Co. has on file (2022-2024), sponsor-wide plan assets have moved from $4M to $6M, a gain of 80.6%, while reported participants moved from 46 to 47 (+2.2%). Peak year by sponsor assets: 2024 ($6M); trough: 2022 ($4M).

Modern Electric Co. multi-year asset trail

$3M$4M$5M$6M$7M 202220232024 $3.58M $6.46M ▲ +80.4%
Total plan assets by year, all Modern Electric Co. plans on file
Year Plans Participants Total Assets
2022 1 46 $4M
2023 1 50 $5M
2024 1 47 $6M

Modern Electric Co. filing trail (2023)

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$5M
Net Income$1M
Employer EIN830214394
Plan Effective Date2015-04-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Wyoming

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

Modern Electric Co. Employee Stock Ownership Plan vs. nearby ESOP plans in Wyoming, assets vs. participants Scatter plot of 6 data points. 050100150200250300 010203040 Total assets ($M) Participants Modern Electric Co. …, Total assets ($M): 4.975203 · Participants: 50Modern Electric Co. …Bloedorn Lumber Co. …, Total assets ($M): 34.504242 · Participants: 247Bloedorn Lumber Co. …Union Holding Corp. …, Total assets ($M): 12.72092 · Participants: 209Union Holding Corp. …Horizon Communicatio…, Total assets ($M): 10.55086 · Participants: 104Horizon Communicatio…Mcgarvin-Moberly Emp…, Total assets ($M): 7.486173 · Participants: 36Mcgarvin-Moberly Emp…Sundance State Bank …, Total assets ($M): 5.715677 · Participants: 33Sundance State Bank …
Modern Electric Co. Employee Stock Ownership Plan vs. nearby ESOP plans in Wyoming, assets vs. participants
Compare Modern Electric Co. Employee Stock Owner… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Modern Electric Co. Employee Stock Ownership Plan by total assets, not by location.

Frequently Asked Questions

How did Modern Electric Co. Employee Stock Ownership Plan assets move in 2023? ▼
Modern Electric Co. Employee Stock Ownership Plan surged - up 39.0% during 2023, from $4M to $5M. Reported net income was $1M.
How have Modern Electric Co. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Modern Electric Co.'s sponsor-wide assets grew 80.6%, from $4M to $6M.
Which ESOP plans are similar in size to Modern Electric Co. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Georgia Theatre Company Employee Stock Ownership Plan in GA ($5M, 124 participants).

Next read for Modern Electric Co. Employee Stock Owner…

Multi-year trail

Ways to act on Modern Electric Co. Employee Stock Ownership Plan's numbers.

  • By total assets, Modern Electric Co. Employee Stock Ownership Plan ranks in the lower half of filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar ESOP plans in Wyoming. Compare plans
  • Modern Electric Co.'s sponsor-wide assets have grown 80.6% 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 830214394.

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.