ESOP · DOL Form 5500 · 2024
Patriot Power Investment Corporation ESOP
Data updated 2026-08-11
- $49M
- Total assets
- 111
- Participants
- 84th
- Percentile by assets
- $441,535
- Avg per participant
Official DOL plan name: Ppic Employee Stock Ownership Plan · Sponsored by Patriot Power Investment Corporation · New Mexico · Management of Enterprises
$49M in assets, 111 participants
Patriot Power Investment Corporation's Ppic Employee Stock Ownership Plan reported $49M in total assets and 111 participants in its 2024 DOL Form 5500 filing, ranking in the 84th 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.
- 84th percentile by assets (of 123,622 plans)
- #765 in Management of Enterprises (1,133 peers)
Coverage in New Mexico
Ppic Employee Stock Ownership Plan covers 111 participants in New Mexico, about 30% of the average New Mexico filer (state average ~365 per filing). Assets: $49M.
- $49M
- total plan assets (2024 EOY)
- 111
- covered participants
- 84th
- percentile by assets (of 123,622 plans)
- $441,535
- avg assets per participant
The plan reported a net loss of $10M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Where Ppic Employee Stock Ownership Plan sits by total assets
Ppic Employee Stock Ownership Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$49,010,380 Top 16% higher than 84% 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
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Ppic Employee Stock Ownership Plan reported net income fell from $15M in the plan year 2023 filing to -$10M in the plan year 2024 filing.
- Ppic Employee Stock Ownership Plan end-of-year assets fell from $59M in the plan year 2023 filing to $49M in the plan year 2024 filing.
- Ppic Employee Stock Ownership Plan reported participants rose from 107 in the plan year 2023 filing to 111 in the plan year 2024 filing.
Participants vs New Mexico filers
In New Mexico, the average filing covers about 365 participants across 466 plans. Ppic Employee Stock Ownership Plan reports 111 participants - about 30% of that state average ($49M EOY assets).
New Mexico filing particulars
| Total Assets (Beginning of Year) | $59M |
|---|---|
| Net Assets (End of Year) | $49M |
| Net Income | -$10M |
| Employer EIN | 271061316 |
| Plan Effective Date | 2006-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Patriot Power Investment Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 245 | $51M |
| 2023 | 2 | 218 | $68M |
| 2024 | 2 | 224 | $59M |
Nearby ESOP Plans in New Mexico
Peer ESOP plans, same state, same plan type, ranked by total assets.
Ppic Employee Stock Ownership Plan vs. nearby ESOP plans in New Mexico, assets vs. participants
- Employee Stock Ownership Plan of Applied Research Associates, Inc. $611M · 2,198
- Commerce Bancshares of Roswell, Inc. Employee Stock Ownership Plan $28M · 18
- Citizens Bank Employee Stock Ownership and Retirement Savings Plan $24M · 90
- Jack B. Henderson Construction Company, Inc. Employee Stock Ownership Plan $22M · 118
- Mesa Verde Enterprises Holdings, Inc. ESOP $12M · 151
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Ppic Employee Stock Ownership Plan by total assets, not by location.
Frequently Asked Questions
How did Ppic Employee Stock Ownership Plan assets move in 2024? ▼
How have Patriot Power Investment Corporation plan assets changed over time? ▼
Where does Ppic Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Which ESOP plans are similar in size to Ppic Employee Stock Ownership Plan? ▼
Next read for Ppic Employee Stock Ownership Plan
Filing takeaways
Ways to act on Ppic Employee Stock Ownership Plan's numbers.
- By total assets, Ppic 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 New Mexico. Compare plans
- Patriot Power Investment Corporation's sponsor-wide assets have grown 13.7% since 2022 across 3 plan years on file. More Management of Enterprises plans