ESOP · DOL Form 5500 · 2023

Palmer Engineering Company ESOP

Data updated 2026-08-25

$9M
Total assets Small plan by assets
89
Participants Small participant base
56th
Percentile by assets National rank
$100,820
Avg per participant Below avg balance/head
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Official DOL plan name: Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement · Sponsored by Palmer Engineering Company · Kentucky · Professional & Technical Services

$9M in assets, 89 participants

Palmer Engineering Company's Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement reported $9M in total assets and 89 participants in its 2023 DOL Form 5500 filing, ranking in the 56th 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.

  • #11,111 in Professional & Technical Services (20,321 peers)

Palmer Engineering Company multi-year trail

Palmer Engineering Company's plans moved +44.9% in assets from 2022 to 2024; this filing shows Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement at $9M / 89 participants.

#11,111
in Professional & Technical Services (20,321 peers)
+21.6%
assets growth YoY

Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement's mid-pack asset rank among Professional & Technical Services and all filers

Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement vs every filed plan by assets

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

$8,972,972 Top 44% higher than 56% 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

Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement is a small filing (89 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement reported net income rose from $1M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement end-of-year assets rose from $7M in the plan year 2022 filing to $9M in the plan year 2023 filing.
  • Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement reported participants rose from 84 in the plan year 2022 filing to 89 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 610679012 · Palmer Engineering Company PY 2023 · ESOP

Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement · $9M · 89 · 56th

  • BOOK $9M
  • BOOK 89
  • BOOK 56th
  • BOOK ESOP
  • BOOK near Jeffco Flooring & Supply, Inc. Employee Stock Ownership Plan
  • BOOK ind #11111

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 Kentucky →

Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement in the asset neighbourhood

Birdseye Building Company Employee Stock Ownership PlanBirdseye Building Company Em…$9MFirst Northwest Bancorp Employee Stock Ownership PlanFirst Northwest Bancorp Empl…$9MPalmer Engineering, Co. Employee Stock Ownership Plan & Trust AgreementPalmer Engineering, Co. Empl…$9MJeffco Flooring & Supply, Inc. Employee Stock Ownership PlanJeffco Flooring & Supply, In…$9MAlta Language Services, Inc. Employee Stock Ownership PlanAlta Language Services, Inc.…$9M
End-of-year total assets ($M) among Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Palmer Engineering Company multi-year asset trail

Sponsor-wide plan assets over time

All Palmer Engineering Company plans reported in each filing year

Latest sponsor-wide plan assets
$11M 44.94715968037257% vs 2022
2024 filing year
$7M$8M$9M$10M$11M$12M 202220232024 $7.38M $10.7M ▲ +45.0%
Year Plans Participants Total Assets
2022 1 84 $7M
2023 1 89 $9M
2024 1 89 $11M

Palmer Engineering Company filing trail (2023)

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$9M
Net Income$2M
Employer EIN610679012
Plan Effective Date1998-03-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Kentucky

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

Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement vs. nearby ESOP plans in Kentucky, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -10123 Total assets ($B) Participants Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement, Total assets ($B): 0.008972972 · Participants: 89Palmer Engineering, Co. Employee Stock Ownership Plan & Trust AgreementHouchens Industries, Inc. Employee Stock Ownership Plan, Total assets ($B): 2.325722921 · Participants: 6764Houchens Industries, Inc. Employee Stock Ownership PlanStock Yards Bank & Trust Company 401(k) Employee, Total assets ($B): 0.14680249 · Participants: 1080Stock Yards Bank & Trust Company 401(k) EmployeeGray, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.126524729 · Participants: 1362Gray, Inc. Employee Stock Ownership PlanH & R Agri-Power Employee Stock Ownership Plan, Total assets ($B): 0.104682343 · Participants: 489H & R Agri-Power Employee Stock Ownership PlanKentuckiana Comfort Center, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.094072192 · Participants: 650Kentuckiana Comfort Center, Inc. Employee Stock Ownership Plan
Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement vs. nearby ESOP plans in Kentucky, assets vs. participants
Compare Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement side-by-side with 3 peers →

Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement's out-of-state ESOP peers by assets and headcount

Outside Kentucky, the nearest ESOP by assets is Jeffco Flooring & Supply, Inc. Employee Stock Ownership Plan in TN ($9M); by covered participants it is Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust in MN (89 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (89 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 Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement assets move in 2023? ▼
Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement grew sharply - up 21.6% during 2023, from $7M to $9M. Reported net income was $2M.
How have Palmer Engineering Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Palmer Engineering Company's sponsor-wide assets grew 44.9%, from $7M to $11M.
Which ESOP plans are similar in size to Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement? ▼
Among ESOP plans in other states, the closest by assets is Jeffco Flooring & Supply, Inc. Employee Stock Ownership Plan in TN ($9M, 27 participants).
Which ESOP plans cover a similar participant headcount to Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement? ▼
Among ESOP plans in other states, the closest by covered participants is Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust in MN (89 participants, $84M 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 610679012.

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.