ESOP · DOL Form 5500 · 2024

Patriot Power Investment Corporation ESOP

Data updated 2026-08-25

$49M
Total assets Below avg plan size
111
Participants Small participant base
84th
Percentile by assets National rank
$441,535
Avg per participant High balance/head
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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.

  • #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.

#765
in Management of Enterprises (1,133 peers)
-16.5%
assets change YoY
0.5×
vs typical plan assets (national mean)

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.

Ppic Employee Stock Ownership Plan's outsized position 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

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

Ppic Employee Stock Ownership 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. Ppic Employee Stock Ownership Plan sits mid-pack in the medium band (111 participants).

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.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 271061316 · Patriot Power Investment Corporation PY 2024 · ESOP

Ppic Employee Stock Ownership Plan · $49M · 111 · 84th

  • TYPE $49M
  • TYPE 111
  • TYPE 84th
  • TYPE ESOP
  • TYPE near Vermeer Great Plains Employee Stock Ownership Plan and Trust
  • TYPE ind #765

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 New Mexico →

Ppic Employee Stock Ownership Plan in the asset neighbourhood

Ppic Employee Stock Ownership PlanPpic Employee Stock Ownershi…$49MVermeer Great Plains Employee Stock Ownership Plan and TrustVermeer Great Plains Employe…$49MThe Ame Group Employee Stock Ownership PlanThe Ame Group Employee Stock…$49MFerguson Electric Employee Stock Ownership PlanFerguson Electric Employee S…$49MMindworks Innovations, Inc. Employee Stock Ownership PlanMindworks Innovations, Inc. …$49M
End-of-year total assets ($M) among Ppic Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

New Mexico filing particulars

Total Assets (Beginning of Year)$59M
Net Assets (End of Year)$49M
Net Income-$10M
Employer EIN271061316
Plan Effective Date2006-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Patriot Power Investment Corporation)

Sponsor-wide plan assets over time

All Patriot Power Investment Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$59M 13.660890152421748% vs 2022
2024 filing year
$45M$50M$55M$60M$65M$70M 202220232024 $51.5M $58.5M ▲ +13.7%
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 Scatter plot of 6 data points. -50005001000150020002500 -2000200400600800 Total assets ($M) Participants Ppic Employee Stock Ownership Plan, Total assets ($M): 49.01038 · Participants: 111Ppic Employee Stock Ownership PlanEmployee Stock Ownership Plan of Applied Research Associates, Inc., Total assets ($M): 610.607866 · Participants: 2198Employee Stock Ownership Plan of Applied Research Associates, Inc.Commerce Bancshares of Roswell, Inc. Employee Stock Ownership Plan, Total assets ($M): 27.569071 · Participants: 18Commerce Bancshares of Roswell, Inc. Employee Stock Ownership PlanCitizens Bank Employee Stock Ownership and Retirement Savings Plan, Total assets ($M): 23.962536 · Participants: 90Citizens Bank Employee Stock Ownership and Retirement Savings PlanJack B. Henderson Construction Company, Inc. Employee Stock Ownership Plan, Total assets ($M): 21.609312 · Participants: 118Jack B. Henderson Construction Company, Inc. Employee Stock Ownership PlanMesa Verde Enterprises Holdings, Inc. ESOP, Total assets ($M): 12.38 · Participants: 151Mesa Verde Enterprises Holdings, Inc. ESOP
Ppic Employee Stock Ownership Plan vs. nearby ESOP plans in New Mexico, assets vs. participants
Compare Ppic Employee Stock Ownership Plan side-by-side with 3 peers →

Ppic Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside New Mexico, the nearest ESOP by assets is Vermeer Great Plains Employee Stock Ownership Plan and Trust in KS ($49M); by covered participants it is Progressive Bancorp, Inc. Employee Stock Ownership Plan in LA (111 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (111 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 Ppic Employee Stock Ownership Plan assets move in 2024? ▼
Ppic Employee Stock Ownership Plan declined sharply - down 16.5% during 2024, from $59M to $49M. Reported net income was -$10M.
How have Patriot Power Investment Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Patriot Power Investment Corporation's sponsor-wide assets grew 13.7%, from $51M to $59M.
Where does Ppic Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Ppic Employee Stock Ownership Plan ranks in the 84th 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 ESOP plans are similar in size to Ppic Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Vermeer Great Plains Employee Stock Ownership Plan and Trust in KS ($49M, 115 participants).
Which ESOP plans cover a similar participant headcount to Ppic Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Progressive Bancorp, Inc. Employee Stock Ownership Plan in LA (111 participants, $4M 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 271061316.

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.