ESOP · DOL Form 5500 · 2024
Ready Electric Company, Inc. ESOP
Data updated 2026-08-25
- $56M
- Total assets Below avg plan size
- 40
- Participants Small participant base
- 85th
- Percentile by assets National rank
- $1.4M
- Avg per participant High balance/head
Official DOL plan name: Ready Electric Company, Inc. Employee Stock Ownership Plan · Sponsored by Ready Electric Company, Inc. · Kentucky · Construction
$56M in assets, 40 participants
Ready Electric Company, Inc.'s Ready Electric Company, Inc. Employee Stock Ownership Plan reported $56M in total assets and 40 participants in its 2024 DOL Form 5500 filing, ranking in the 85th 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.
- #7,553 in Construction (9,039 peers)
Where Ready Electric Company, Inc. Employee Stock Ownership Plan sits by assets
Ready Electric Company, Inc. Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $56M for 40 participants (~$1.4M/participant), up 25.5% in 2024.
- #7,553
- in Construction (9,039 peers)
- +25.5%
- assets growth YoY
- 0.6×
- vs typical plan assets (national mean)
Ready Electric Company, Inc. Employee Stock Ownership Plan's outsized position by total assets
Ready Electric Company, Inc. Employee Stock Ownership Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$56,123,346 Top 15% higher than 85% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Ready Electric Company, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Ready Electric Company, Inc. Employee Stock Ownership Plan is a small filing (40 participants) on this national headcount ladder.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Ready Electric Company, Inc. Employee Stock Ownership Plan end-of-year assets rose from $45M in the plan year 2023 filing to $56M in the plan year 2024 filing.
- Ready Electric Company, Inc. Employee Stock Ownership Plan reported net income fell from $12M in the plan year 2023 filing to $12M in the plan year 2024 filing.
- Ready Electric Company, Inc. Employee Stock Ownership Plan reported participants fell from 41 in the plan year 2023 filing to 40 in the plan year 2024 filing.
EBSA filing schedule strip
Filing strip 610517797 · Ready Electric Company, Inc. PY 2024 · ESOP
Ready Electric Company, Inc. Employee Stock Ownership Plan · $56M · 40 · 85th
- BOY $56M
- BOY 40
- BOY 85th
- BOY ESOP
- BOY near Fishback Financial Corporation Employee Stock Ownership Plan
- BOY ind #7553
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 →
Ready Electric Company, Inc. Employee Stock Ownership Plan in the asset neighbourhood
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $45M |
|---|---|
| Net Assets (End of Year) | $52M |
| Net Income | $12M |
| Employer EIN | 610517797 |
| Plan Effective Date | 2007-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Ready Electric Company, Inc.)
Sponsor-wide plan assets over time
All Ready Electric Company, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $56M 78.04606537213026% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 38 | $32M |
| 2023 | 1 | 41 | $45M |
| 2024 | 1 | 40 | $56M |
Nearby ESOP Plans in Kentucky
Peer ESOP plans, same state, same plan type, ranked by total assets.
- Houchens Industries, Inc. Employee Stock Ownership Plan $2.6B · 7,785
- Gray, Inc. Employee Stock Ownership Plan $177M · 1,534
- Stock Yards Bank & Trust Company 401(k) and Employee Stock Ownership Plan $167M · 1,107
- Interstate Personnel Services, Inc. Employee Stock Ownership Plan $123M · 834
- H & R Agri-Power Employee Stock Ownership Plan $111M · 522
Ready Electric Company, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount
Outside Kentucky, the nearest ESOP by assets is Fishback Financial Corporation Employee Stock Ownership Plan in SD ($56M); by covered participants it is Spencer County Bank Employees' Stock Ownership Plan & Trust in IN (40 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($56M here).
- Fishback Financial Corporation Employee Stock Ownership Plan (SD) $56M · 715
- Logistic Services International, Inc. Employee Stock Ownership Plan (FL) $56M · 435
- Long Haul Trucking, Inc. Employee Stock Ownership Plan and Trust (MN) $56M · 147
- Ksa Lighting & Controls, Inc. Employee Stock Ownership Plan and Trust (IL) $56M · 94
Similar participant headcount
Nearest other-state filings by covered participants (40 participants); asset peers above are excluded.
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.