ESOP · DOL Form 5500 · 2023

Miller Electric Company ESOP

Data updated 2026-08-11

$108M
Total assets: 559
Participants: 92nd
Percentile by assets: $192,762
Avg per participant

Official DOL plan name: Miller Electric Company Employee Stock Ownership Plan and Trust · Sponsored by Miller Electric Company · Florida · Construction

$108M in assets, 559 participants

Miller Electric Company's Miller Electric Company Employee Stock Ownership Plan and Trust reported $108M in total assets and 559 participants in its 2023 DOL Form 5500 filing, ranking in the 92nd 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.

92nd percentile by assets (of 127,072 plans)
#8,139 in Construction (9,030 peers)

Where Miller Electric Company Employee Stock Ownership Plan and Trust sits by assets

Miller Electric Company Employee Stock Ownership Plan and Trust sits in the top 10% of all filed plans by assets, $108M for 559 participants (~$192,762/participant), up 78.7% in 2023.

$108M
total plan assets (2023 EOY): 559
covered participants: 92nd
percentile by assets (of 127,072 plans): $192,762
avg assets per participant

Miller Electric Company Employee Stock Ownership Plan and Trust reported net income rose from $17M in the plan year 2022 filing to $47M in the plan year 2023 filing.
Miller Electric Company Employee Stock Ownership Plan and Trust end-of-year assets rose from $60M in the plan year 2022 filing to $108M in the plan year 2023 filing.
Miller Electric Company Employee Stock Ownership Plan and Trust reported participants rose from 524 in the plan year 2022 filing to 559 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Florida

Industry

Construction

Miller Electric Company Employee Stock Ownership Plan and Trust vs the 2023 asset distribution

By assets, Miller Electric Company Employee Stock Ownership Plan and Trust outranks 92% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 1.1x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$60M
Net Assets (End of Year)	$108M
Net Income	$47M
Employer EIN	590361850
Plan Effective Date	2012-10-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Miller Electric Company)

Total plan assets by year, all Miller Electric Company plans on file

Year	Plans	Participants	Total Assets
2022	2	1,026	$101M
2023	2	1,114	$152M
2024	2	1,043	$39M

Nearby ESOP Plans in Florida

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

Miller Electric Company Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Florida, assets vs. participants

Publix Super Markets, Inc. Employee Stock Ownership Plan & Trust $11.8B · 141,229
Raymond James Financial, Inc. & Affiliates Employee Stock Ownership Plan $836M · 15,500
Rsr Employee Stock Ownership Plan $390M · 382
Summit Companies Holdings, Inc. Employee Stock Ownership Plan $368M · 233
Thirty Fifteen Employee Stock Ownership Plan $324M · 5,365

Compare Miller Electric Company Employee Stock O… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Miller Electric Company Employee Stock Ownership Plan and Trust by total assets, not by location.

Swca, Inc Employee Stock Ownership Plan and Trust (AZ) $108M · 1,030
Ppl Employee Stock Ownership Plan (PA) $108M · 1,388
Braun Intertec ESOP Retirement Plan (MN) $108M · 1,010
Letner Roofing Company Employee Stock Ownership Plan (CA) $108M · 70

Frequently Asked Questions

How did Miller Electric Company Employee Stock Ownership Plan and Trust assets move in 2023? ▼

Miller Electric Company Employee Stock Ownership Plan and Trust surged - up 78.7% during 2023, from $60M to $108M. Reported net income was $47M.

How have Miller Electric Company plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Miller Electric Company's sponsor-wide assets declined 60.8%, from $101M to $39M.

Where does Miller Electric Company Employee Stock Ownership Plan and Trust rank by assets among Form 5500 filers? ▼

Miller Electric Company Employee Stock Ownership Plan and Trust ranks in the 92nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).

Which ESOP plans are similar in size to Miller Electric Company Employee Stock Ownership Plan and Trust? ▼

Among ESOP plans in other states, the closest by assets is Swca, Inc Employee Stock Ownership Plan and Trust in AZ ($108M, 1,030 participants).

Next read for Miller Electric Company Employee Stock O…

Scale reading

Ways to act on Miller Electric Company Employee Stock Ownership Plan and Trust's numbers.

By total assets, Miller Electric Company Employee Stock Ownership Plan and Trust ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar ESOP plans in Florida. Compare plans
Miller Electric Company's sponsor-wide assets have declined 60.8% 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 590361850.