ESOP · DOL Form 5500 · 2024

Gate Energy, Inc. ESOP

Data updated 2026-08-25

$34M
Total assets Below avg plan size
228
Participants Below avg headcount
79th
Percentile by assets National rank
$147,454
Avg per participant Above avg balance/head
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Official DOL plan name: Gate Energy, Inc. Employee Stock Ownership Plan · Sponsored by Gate Energy, Inc. · Texas · Professional & Technical Services

$34M in assets, 228 participants

Gate Energy, Inc.'s Gate Energy, Inc. Employee Stock Ownership Plan reported $34M in total assets and 228 participants in its 2024 DOL Form 5500 filing, ranking in the 79th 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.

  • #15,989 in Professional & Technical Services (20,173 peers)

Coverage in Texas

Gate Energy, Inc. Employee Stock Ownership Plan covers 228 participants in Texas, about 33% of the average Texas filer (state average ~688 per filing). Assets: $34M.

#15,989
in Professional & Technical Services (20,173 peers)
+308.9%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Gate Energy, Inc. Employee Stock Ownership Plan's outsized position by total assets

Gate Energy, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$33,619,464 Top 21% higher than 79% 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

Gate Energy, Inc. 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. Gate Energy, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (228 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Gate Energy, Inc. Employee Stock Ownership Plan end-of-year assets rose from $8M in the plan year 2023 filing to $34M in the plan year 2024 filing.
  • Gate Energy, Inc. Employee Stock Ownership Plan reported net income rose from -$45M in the plan year 2023 filing to $26M in the plan year 2024 filing.
  • Gate Energy, Inc. Employee Stock Ownership Plan reported participants fell from 231 in the plan year 2023 filing to 228 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 926606884 · Gate Energy, Inc. PY 2024 · ESOP

Gate Energy, Inc. Employee Stock Ownership Plan · $34M · 228 · 79th

  • BOY $34M
  • BOY 228
  • BOY 79th
  • BOY ESOP
  • BOY near Jcj Employee Stock Ownership Plan
  • BOY ind #15989

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 Texas →

Gate Energy, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Bapko Metal, Inc. Employee Stock Ownership PlanBapko Metal, Inc. Employee S…$34MKenmark Optical, Inc. Employee Stock Ownership PlanKenmark Optical, Inc. Employ…$34MGate Energy, Inc. Employee Stock Ownership PlanGate Energy, Inc. Employee S…$34MJcj Employee Stock Ownership PlanJcj Employee Stock Ownership…$34MWarehouse One, Inc. Employee Stock Ownership PlanWarehouse One, Inc. Employee…$34M
End-of-year total assets ($M) among Gate Energy, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Texas filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)-$15M
Net Income$26M
Employer EIN926606884
Plan Effective Date2022-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Gate Energy, Inc.)

Sponsor-wide plan assets over time

All Gate Energy, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$34M 308.8782728570186% vs 2023
2024 filing year
$0M$10M$20M$30M$40M 20232024 $8.22M $33.6M ▲ +309.0%
Year Plans Participants Total Assets
2023 1 231 $8M
2024 1 228 $34M

Nearby ESOP Plans in Texas

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

Gate Energy, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Texas, assets vs. participants Scatter plot of 6 data points. -20000200040006000800010000 -100102030 Total assets ($B) Participants Gate Energy, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.033619464 · Participants: 228Gate Energy, Inc. Employee Stock Ownership PlanSammons Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($B): 23.876523932 · Participants: 3284Sammons Enterprises, Inc. Employee Stock Ownership PlanHighland Homes Employee Stock Ownership Plan, Total assets ($B): 0.982965144 · Participants: 891Highland Homes Employee Stock Ownership PlanAustin Industries Employee Stock Ownership Plan, Total assets ($B): 0.527193522 · Participants: 7703Austin Industries Employee Stock Ownership PlanLja Engineering, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.493492368 · Participants: 1799Lja Engineering, Inc. Employee Stock Ownership PlanAir Tractor Holdings, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.40134922 · Participants: 350Air Tractor Holdings, Inc. Employee Stock Ownership Plan
Gate Energy, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Texas, assets vs. participants
Compare Gate Energy, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Gate Energy, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Texas, the nearest ESOP by assets is Jcj Employee Stock Ownership Plan in CT ($34M); by covered participants it is Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan in VA (228 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (228 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 Gate Energy, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Gate Energy, Inc. Employee Stock Ownership Plan surged - up 308.9% during 2024, from $8M to $34M. Reported net income was $26M.
How have Gate Energy, Inc. plan assets changed over time? ▼
Across 2 plan years on file (2023-2024), Gate Energy, Inc.'s sponsor-wide assets grew 308.9%, from $8M to $34M.
Where does Gate Energy, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Gate Energy, Inc. Employee Stock Ownership Plan ranks in the 79th 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 Gate Energy, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Jcj Employee Stock Ownership Plan in CT ($34M, 160 participants).
Which ESOP plans cover a similar participant headcount to Gate Energy, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Chesapeake Financial Shares, Inc. Employee Stock Ownership Plan in VA (228 participants, $10M 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 926606884.

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.