401(k) · DOL Form 5500 · 2024

Ormat Technologies, Inc. and Subsidiaries 401(k) Plan

Data updated 2026-08-25

$80M
Total assets Below avg plan size
753
Participants Near avg headcount
89th
Percentile by assets National rank
$105,684
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Ormat 401(k) Plan · Sponsored by Ormat Technologies, Inc. and Subsidiaries · Nevada · Utilities

$80M in assets, 753 participants

Ormat Technologies, Inc. and Subsidiaries's Ormat 401(k) Plan reported $80M in total assets and 753 participants in its 2024 DOL Form 5500 filing, ranking in the 89th 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.

  • #429 in Utilities (732 peers)

Utilities sector rank

Within Utilities, Ormat 401(k) Plan ranks #429 of 732 2024 filers by assets (675% of the sector average)-$80M for 753 participants.

#429
in Utilities (732 peers)
+16.2%
assets growth YoY
0.8×
vs typical plan assets (national mean)

Ormat 401(k) Plan's outsized position by total assets

Ormat 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$79,579,682 Top 11% higher than 89% of 123,620 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 2024

Ormat 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Ormat 401(k) Plan sits mid-pack in the medium band (753 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Ormat 401(k) Plan reported net income fell from $15M in the plan year 2023 filing to $11M in the plan year 2024 filing.
  • Ormat 401(k) Plan end-of-year assets rose from $69M in the plan year 2023 filing to $80M in the plan year 2024 filing.
  • Ormat 401(k) Plan reported participants rose from 693 in the plan year 2023 filing to 753 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 880326081 · Ormat Technologies, Inc. and Subsidiaries PY 2024 · 401(k)

Ormat 401(k) Plan · $80M · 753 · 89th

  • SCH $80M
  • SCH 753
  • SCH 89th
  • SCH 401(k)
  • SCH near Crane Companies 401(k) Plan
  • SCH ind #429

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 Utilities retirement plans → · Plans in Nevada →

Ormat 401(k) Plan in the asset neighbourhood

Voestalpine High Performance Metals Retirement PlanVoestalpine High Performance…$80MGreat Minds Pbc 401(k) Plan$80MOrmat 401(k) Plan$80MCrane Companies 401(k) Plan$80MMound Cotton Wollan & Greengrass LLP 401(k) PlanMound Cotton Wollan & Greeng…$80M
End-of-year total assets ($M) among Ormat 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Utilities filing particulars

Total Assets (Beginning of Year)$69M
Net Assets (End of Year)$80M
Net Income$11M
Employer EIN880326081
Plan Effective Date2002-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Ormat Technologies, Inc. and Subsidiaries)

Sponsor-wide plan assets over time

All Ormat Technologies, Inc. and Subsidiaries plans reported in each filing year

Latest sponsor-wide plan assets
$80M 47.68789573898118% vs 2022
2024 filing year
$50M$60M$70M$80M$90M 202220232024 $53.9M $79.6M ▲ +47.7%
Year Plans Participants Total Assets
2022 1 631 $54M
2023 1 693 $69M
2024 1 753 $80M

Nearby 401(k) Plans in Nevada

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Ormat 401(k) Plan vs. nearby 401(k) plans in Nevada, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -0.500.511.522.5 Total assets ($B) Participants Ormat 401(k) Plan, Total assets ($B): 0.079579682 · Participants: 753Ormat 401(k) PlanThe Mgm Resorts 401(k) Savings Plan, Total assets ($B): 2.241956368 · Participants: 37719The Mgm Resorts 401(k) Savings PlanCaesars Entertainment, Inc 401(k) Plan, Total assets ($B): 1.939824866 · Participants: 46859Caesars Entertainment, Inc 401(k) PlanBarrick Retirement Plan, Total assets ($B): 1.341794728 · Participants: 7327Barrick Retirement PlanEighth District Electrical Pension Fund Annuity Plan, Total assets ($B): 1.127663414 · Participants: 21516Eighth District Electrical Pension Fund Annuity PlanNv Energy 401(k) Plan, Total assets ($B): 1.125514142 · Participants: 2669Nv Energy 401(k) Plan
Ormat 401(k) Plan vs. nearby 401(k) plans in Nevada, assets vs. participants
Compare Ormat 401(k) Plan side-by-side with 3 peers →

Ormat 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Nevada, the nearest 401(k) by assets is Crane Companies 401(k) Plan in TX ($80M); by covered participants it is Rosenbauer America, LLC 401(k) Profit Sharing Plan in SD (753 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($80M here).

Similar participant headcount

Nearest other-state filings by covered participants (753 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.

Frequently Asked Questions

How did Ormat 401(k) Plan assets move in 2024? ▼
Ormat 401(k) Plan grew sharply - up 16.2% during 2024, from $69M to $80M. Reported net income was $11M.
How have Ormat Technologies, Inc. and Subsidiaries plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Ormat Technologies, Inc. and Subsidiaries's sponsor-wide assets grew 47.7%, from $54M to $80M.
Where does Ormat 401(k) Plan rank by assets among Form 5500 filers? ▼
Ormat 401(k) Plan ranks in the 89th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Ormat 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Crane Companies 401(k) Plan in TX ($80M, 1,702 participants).
Which 401(k) plans cover a similar participant headcount to Ormat 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Rosenbauer America, LLC 401(k) Profit Sharing Plan in SD (753 participants, $60M in assets).

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 880326081.

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.