ESOP · DOL Form 5500 · 2023

Gate Energy, Inc. ESOP

Data updated 2026-08-25

$8M
Total assets Small plan by assets
231
Participants Below avg headcount
54th
Percentile by assets National rank
$35,595
Avg per participant Low balance/head
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Official DOL plan name: Gate Energy, Inc. Employee Stock Ownership Plan · Sponsored by Gate Energy, Inc. · Texas · Professional & Technical Services

$8M in assets, 231 participants

Gate Energy, Inc.'s Gate Energy, Inc. Employee Stock Ownership Plan reported $8M in total assets and 231 participants in its 2023 DOL Form 5500 filing, ranking in the 54th 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.

  • #10,739 in Professional & Technical Services (20,321 peers)

Coverage in Texas

Gate Energy, Inc. Employee Stock Ownership Plan covers 231 participants in Texas, about 34% of the average Texas filer (state average ~688 per filing). Assets: $8M.

#10,739
in Professional & Technical Services (20,321 peers)
+74.3%
assets growth YoY

The plan reported a net loss of $45M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Gate Energy, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Professional & Technical Services and all filers

Gate Energy, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$8,222,365 Top 46% higher than 54% 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

Gate Energy, Inc. 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. Gate Energy, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (231 participants).

DOL schedule card

Filing strip 926606884 · Gate Energy, Inc. PY 2023 · ESOP

Gate Energy, Inc. Employee Stock Ownership Plan · $8M · 231 · 54th

  • BOY $8M
  • SCH 231
  • EBSA 54th
  • PART ESOP
  • TYPE near Independent Bancshares, Inc. Employee Stock Ownership Plan
  • NET ind #10739

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 Texas →

Gate Energy, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Lithotype Employee Stock Ownership PlanLithotype Employee Stock Own…$8MGate Energy, Inc. Employee Stock Ownership PlanGate Energy, Inc. Employee S…$8MIndependent Bancshares, Inc. Employee Stock Ownership PlanIndependent Bancshares, Inc.…$8ME.M.B. Corporation Employee Stock Ownership PlanE.M.B. Corporation Employee …$8MDavies Office Refurbishing, Inc. Employee Stock Ownership PlanDavies Office Refurbishing, …$8M
End-of-year total assets ($M) among Gate Energy, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Texas filing particulars

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)-$40M
Net Income-$45M
Employer EIN926606884
Plan Effective Date2022-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Gate Energy, Inc.)

Sponsor-wide plan assets over time

All Gate Energy, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$34M 308.8782728570186% vs 2023
2024 filing year
$0M$10M$20M$30M$40M 20232024 $8.22M $33.6M ▲ +309.0%
Year Plans Participants Total Assets
2023 1 231 $8M
2024 1 228 $34M

Nearby ESOP Plans in Texas

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

Gate Energy, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Texas, assets vs. participants Scatter plot of 6 data points. 010002000300040005000 -50510152025 Total assets ($B) Participants Gate Energy, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.008222365 · Participants: 231Gate Energy, Inc. Employee Stock Ownership PlanSammons Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($B): 21.16285336 · Participants: 3000Sammons Enterprises, Inc. Employee Stock Ownership PlanHighland Homes Employee Stock Ownership Plan, Total assets ($B): 0.884916985 · Participants: 791Highland Homes Employee Stock Ownership PlanAustin Industries Employee Stock Ownership Plan, Total assets ($B): 0.497933907 · Participants: 4510Austin Industries Employee Stock Ownership PlanCactus Feeders, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.447462474 · Participants: 831Cactus Feeders, Inc. Employee Stock Ownership PlanLja Engineering, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.396562096 · Participants: 1439Lja Engineering, Inc. Employee Stock Ownership Plan
Gate Energy, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Texas, assets vs. participants
Compare Gate Energy, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Gate Energy, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Texas, the nearest ESOP by assets is Independent Bancshares, Inc. Employee Stock Ownership Plan in AL ($8M); by covered participants it is Ankrom Moisan Associated Architects Employee Stock Ownership Plan in OR (231 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (231 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 Gate Energy, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Gate Energy, Inc. Employee Stock Ownership Plan surged - up 74.3% during 2023, from $5M to $8M. Reported net income was -$45M.
How have Gate Energy, Inc. plan assets changed over time? ▼
Across 2 plan years on file (2023-2024), Gate Energy, Inc.'s sponsor-wide assets grew 308.9%, from $8M to $34M.
Which ESOP plans are similar in size to Gate Energy, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Independent Bancshares, Inc. Employee Stock Ownership Plan in AL ($8M, 28 participants).
Which ESOP plans cover a similar participant headcount to Gate Energy, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Ankrom Moisan Associated Architects Employee Stock Ownership Plan in OR (231 participants, $11M 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 926606884.

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.