ESOP · DOL Form 5500 · 2024
Ready Electric Company, Inc. ESOP
Data updated 2026-07-24
- $56M
- Total assets
- 40
- Participants
- 85th
- Percentile by assets
- $1.4M
- Avg per participant
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.
- 85th percentile by assets (of 116,472 plans)
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.
- $56M
- total plan assets (2024 EOY)
- 40
- covered participants
- 85th
- percentile by assets (of 116,472 plans)
- $1.4M
- avg assets per participant
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.
Ready Electric Company, Inc. Employee Stock Ownership Plan vs the 2024 asset distribution
By assets, Ready Electric Company, Inc. Employee Stock Ownership Plan outranks 85% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.6x the national average plan size of $100M (730 average participants).
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.)
| 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.
Ready Electric Company, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Kentucky, assets vs. participants
- 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
- Kentuckiana Comfort Center, Inc. Employee Stock Ownership Plan $109M · 726
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Ready Electric Company, Inc. Employee Stock Ownership Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did Ready Electric Company, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
How have Ready Electric Company, Inc. plan assets changed over time? ▼
Where does Ready Electric Company, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Which ESOP plans are similar in size to Ready Electric Company, Inc. Employee Stock Ownership Plan? ▼
Next read for Ready Electric Company, Inc. Employee St…
Scale reading
Ways to act on Ready Electric Company, Inc. Employee Stock Ownership Plan's numbers.
- By total assets, Ready Electric Company, Inc. Employee Stock Ownership Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Kentucky. Compare plans
- Ready Electric Company, Inc.'s sponsor-wide assets have grown 78.0% 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 2024.
Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 610517797.
Read our methodology - how this data is sourced, computed, and verified.