ESOP · DOL Form 5500 · 2024

Beacon Electric Company ESOP

Data updated 2026-08-11

$13M
Total assets
113
Participants
61st
Percentile by assets
$112,611
Avg per participant
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Official DOL plan name: Beacon Electric Company Employee Stock Ownership Plan · Sponsored by Beacon Electric Company · Ohio · Construction

$13M in assets, 113 participants

Beacon Electric Company's Beacon Electric Company Employee Stock Ownership Plan reported $13M in total assets and 113 participants in its 2024 DOL Form 5500 filing, ranking in the 61st 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.

  • 61st percentile by assets (of 123,622 plans)
  • #5,374 in Construction (9,039 peers)

Coverage in Ohio

Beacon Electric Company Employee Stock Ownership Plan covers 113 participants in Ohio, about 15% of the average Ohio filer (state average ~765 per filing). Assets: $13M.

$13M
total plan assets (2024 EOY)
113
covered participants
61st
percentile by assets (of 123,622 plans)
$112,611
avg assets per participant

Where Beacon Electric Company Employee Stock Ownership Plan sits by total assets

Beacon Electric Company Employee Stock Ownership Plan vs every filed plan by assets

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

$12,725,000 Top 39% higher than 61% of 123,620 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Beacon Electric Company Employee Stock Ownership Plan end-of-year assets rose from $6M in the plan year 2023 filing to $13M in the plan year 2024 filing.
  • Beacon Electric Company Employee Stock Ownership Plan reported net income rose from $5M in the plan year 2023 filing to $7M in the plan year 2024 filing.
  • Beacon Electric Company Employee Stock Ownership Plan reported participants rose from 109 in the plan year 2023 filing to 113 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Ohio
Industry
Construction

Participants vs Ohio filers

In Ohio, the average filing covers about 765 participants across 5,089 plans. Beacon Electric Company Employee Stock Ownership Plan reports 113 participants - about 15% of that state average ($13M EOY assets).

Ohio filing particulars

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)-$3M
Net Income$7M
Employer EIN311058353
Plan Effective Date2018-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Beacon Electric Company)

$5M$10M$15M$20M$25M 202220232024 $9.11M $22.4M ▲ +146.2%
Total plan assets by year, all Beacon Electric Company plans on file
Year Plans Participants Total Assets
2022 2 241 $9M
2023 2 220 $14M
2024 2 230 $22M

Nearby ESOP Plans in Ohio

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

Beacon Electric Company Employee Stock Ownership Plan vs. nearby ESOP plans in Ohio, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -50510152025 Total assets ($B) Participants Beacon Electric Comp…, Total assets ($B): 0.012725 · Participants: 113Beacon Electric Comp…Procter & Gamble Pro…, Total assets ($B): 21.965382968 · Participants: 33639Procter & Gamble Pro…The Garland Industri…, Total assets ($B): 2.007916491 · Participants: 1118The Garland Industri…Messer Inc. Employee…, Total assets ($B): 0.695889558 · Participants: 903Messer Inc. Employee…Great Lakes Cheese C…, Total assets ($B): 0.501664561 · Participants: 4264Great Lakes Cheese C…Cleveland Steel Cont…, Total assets ($B): 0.485460635 · Participants: 415Cleveland Steel Cont…
Beacon Electric Company Employee Stock Ownership Plan vs. nearby ESOP plans in Ohio, assets vs. participants
Compare Beacon Electric Company Employee Stock O… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

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

Frequently Asked Questions

How did Beacon Electric Company Employee Stock Ownership Plan assets move in 2024? ▼
Beacon Electric Company Employee Stock Ownership Plan surged - up 121.5% during 2024, from $6M to $13M. Reported net income was $7M.
How have Beacon Electric Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Beacon Electric Company's sponsor-wide assets grew 146.1%, from $9M to $22M.
Which ESOP plans are similar in size to Beacon Electric Company Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Imtra Corporation Employee Stock Ownership Plan in MA ($13M, 79 participants).

Next read for Beacon Electric Company Employee Stock O…

Filing takeaways

Ways to act on Beacon Electric Company Employee Stock Ownership Plan's numbers.

  • By total assets, Beacon Electric Company Employee Stock Ownership Plan ranks above the median plan by assets. See the largest plans
  • Compare it side-by-side against 3 similar ESOP plans in Ohio. Compare plans
  • Beacon Electric Company's sponsor-wide assets have grown 146.1% 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 311058353.

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.