ESOP · DOL Form 5500 · 2023

The Sundt Companies, Inc. ESOP

Data updated 2026-08-25

$1.1B
Total assets Very large vs avg
2,392
Participants Above avg headcount
99th
Percentile by assets National rank
$444,965
Avg per participant High balance/head
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Official DOL plan name: The Sundt Companies Employee Stock Ownership Plan · Sponsored by The Sundt Companies, Inc. · Arizona · Management of Enterprises

$1.1B in assets, 2,392 participants

The Sundt Companies, Inc.'s The Sundt Companies Employee Stock Ownership Plan reported $1.1B in total assets and 2,392 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.

  • #1,083 in Management of Enterprises (1,137 peers)

Coverage in Arizona

The Sundt Companies Employee Stock Ownership Plan covers 2,392 participants in Arizona, 4.2x the typical Arizona plan (state average ~564 per filing). Assets: $1.1B.

#1,083
in Management of Enterprises (1,137 peers)
+62.8%
assets growth YoY
11×
vs typical plan assets (national mean)

The Sundt Companies Employee Stock Ownership Plan's outsized position by total assets

The Sundt Companies Employee Stock Ownership Plan vs every filed plan by assets

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

$1,064,355,538 Top 1% higher than 99% 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

The Sundt Companies Employee Stock Ownership Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Sundt Companies Employee Stock Ownership Plan lands in the large band (2,392 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Sundt Companies Employee Stock Ownership Plan reported net income rose from $167M in the plan year 2022 filing to $411M in the plan year 2023 filing.
  • The Sundt Companies Employee Stock Ownership Plan end-of-year assets rose from $654M in the plan year 2022 filing to $1.1B in the plan year 2023 filing.
  • The Sundt Companies Employee Stock Ownership Plan reported participants rose from 1,879 in the plan year 2022 filing to 2,392 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 860923877 · The Sundt Companies, Inc. PY 2023 · ESOP

The Sundt Companies Employee Stock Ownership Plan · $1.1B · 2,392 · 99th

  • ASSETS $1.1B
  • ASSETS 2,392
  • ASSETS 99th
  • ASSETS ESOP
  • ASSETS near The Bank of America Transferred Savings Account Plan
  • ASSETS ind #1083

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 Arizona →

The Sundt Companies Employee Stock Ownership Plan in the asset neighbourhood

Rosendin Electric, Inc. Employee Stock Ownership PlanRosendin Electric, Inc. Empl…$1.1BEvapco, Inc. Employee Stock Ownership PlanEvapco, Inc. Employee Stock …$1.1BThe Bank of America Transferred Savings Account PlanThe Bank of America Transfer…$1.1BThe Sundt Companies Employee Stock Ownership PlanThe Sundt Companies Employee…$1.1BHypertherm Associate Stock Ownership PlanHypertherm Associate Stock O…$1.0B
End-of-year total assets ($B) among The Sundt Companies Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Arizona filing particulars

Total Assets (Beginning of Year)$654M
Net Assets (End of Year)$1.0B
Net Income$411M
Employer EIN860923877
Plan Effective Date1957-04-02
Filing StatusFILING RECEIVED

Sponsor Plan History (The Sundt Companies, Inc.)

Sponsor-wide plan assets over time

All The Sundt Companies, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.7B 117.09627709229484% vs 2022
2024 filing year
$0.5B$1B$1.5B$2B 202220232024 $0.76B $1.66B ▲ +118.4%
Year Plans Participants Total Assets
2022 2 4,058 $763M
2023 2 5,429 $1.2B
2024 2 7,061 $1.7B

Nearby ESOP Plans in Arizona

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

The Sundt Companies Employee Stock Ownership Plan vs. nearby ESOP plans in Arizona, assets vs. participants Scatter plot of 6 data points. -50000500010000150002000025000 00.20.40.60.811.2 Total assets ($B) Participants The Sundt Companies Employee Stock Ownership Plan, Total assets ($B): 1.064355538 · Participants: 2392The Sundt Companies Employee Stock Ownership PlanU-Haul Holding Company Employee Stock Ownership Plan, Total assets ($B): 0.61854692 · Participants: 19740U-Haul Holding Company Employee Stock Ownership PlanSpencer's Air Conditioning & Appliance, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.313228026 · Participants: 253Spencer's Air Conditioning & Appliance, Inc. Employee Stock Ownership PlanPima Medical Institute Employee Stock Ownership Plan, Total assets ($B): 0.216174467 · Participants: 1057Pima Medical Institute Employee Stock Ownership PlanWilson Electric Services Corp. Employee Stock Ownership Plan, Total assets ($B): 0.167298665 · Participants: 726Wilson Electric Services Corp. Employee Stock Ownership PlanRvr Employee Stock Ownership Plan, Total assets ($B): 0.160501848 · Participants: 136Rvr Employee Stock Ownership Plan
The Sundt Companies Employee Stock Ownership Plan vs. nearby ESOP plans in Arizona, assets vs. participants
Compare The Sundt Companies Employee Stock Ownership Plan side-by-side with 3 peers →

The Sundt Companies Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Arizona, the nearest ESOP by assets is The Bank of America Transferred Savings Account Plan in RI ($1.1B); by covered participants it is Discount Drug Mart, Inc. Employee Stock Ownership Plan in OH (2,405 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,392 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 The Sundt Companies Employee Stock Ownership Plan assets move in 2023? ▼
The Sundt Companies Employee Stock Ownership Plan surged - up 62.8% during 2023, from $654M to $1.1B. Reported net income was $411M.
How have The Sundt Companies, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Sundt Companies, Inc.'s sponsor-wide assets grew 117.1%, from $763M to $1.7B.
Where does The Sundt Companies Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
The Sundt Companies Employee Stock Ownership Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which ESOP plans are similar in size to The Sundt Companies Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is The Bank of America Transferred Savings Account Plan in RI ($1.1B, 4,647 participants).
Which ESOP plans cover a similar participant headcount to The Sundt Companies Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Discount Drug Mart, Inc. Employee Stock Ownership Plan in OH (2,405 participants, $46M 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 860923877.

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.