ESOP · DOL Form 5500 · 2024

New River Electrical Corporation ESOP

Data updated 2026-07-24

$380M
Total assets: 458
Participants: 96th
Percentile by assets: $829,695
Avg per participant

Official DOL plan name: New River Electrical Corporation Employee Stock Ownership Plan · Sponsored by New River Electrical Corporation · Virginia · Construction

$380M in assets, 458 participants

New River Electrical Corporation's New River Electrical Corporation Employee Stock Ownership Plan reported $380M in total assets and 458 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.

96th percentile by assets (of 116,472 plans)

Where New River Electrical Corporation Employee Stock Ownership Plan sits by assets

New River Electrical Corporation Employee Stock Ownership Plan sits in the top 5% of all filed plans by assets, $380M for 458 participants (~$829,695/participant), up 18.4% in 2024.

$380M
total plan assets (2024 EOY): 458
covered participants: 96th
percentile by assets (of 116,472 plans): $829,695
avg assets per participant

New River Electrical Corporation Employee Stock Ownership Plan reported net income fell from $35M in the plan year 2023 filing to $27M in the plan year 2024 filing.
New River Electrical Corporation Employee Stock Ownership Plan end-of-year assets rose from $321M in the plan year 2023 filing to $380M in the plan year 2024 filing.
New River Electrical Corporation Employee Stock Ownership Plan reported participants rose from 444 in the plan year 2023 filing to 458 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Virginia

Industry

Construction

New River Electrical Corporation Employee Stock Ownership Plan vs the 2024 asset distribution

By assets, New River Electrical Corporation Employee Stock Ownership Plan outranks 96% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 3.8x the national average plan size of $100M (730 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$321M
Net Assets (End of Year)	$315M
Net Income	$27M
Employer EIN	540562496
Plan Effective Date	1966-12-31
Filing Status	FILING RECEIVED

Sponsor Plan History (New River Electrical Corporation)

Total plan assets by year, all New River Electrical Corporation plans on file

Year	Plans	Participants	Total Assets
2022	2	542	$301M
2023	2	569	$338M
2024	2	586	$398M

Nearby ESOP Plans in Virginia

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

New River Electrical Corporation Employee Stock Ownership Plan vs. nearby ESOP plans in Virginia, assets vs. participants

Nvr, Inc. Employee Stock Ownership Plan $1.3B · 6,515
Delta Star Employee Stock Ownership Plan $447M · 222
Modern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust $407M · 1,962
The Resorts Companies, Inc. Employee Stock Ownership Plan $386M · 1,811
American Systems Corporation Employee Stock Ownership Plan $339M · 1,759

Compare New River Electrical Corporation Employe… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to New River Electrical Corporation Employee Stock Ownership Plan by total assets, not by location.

Henny Penny Corporation Employee Stock Ownership Plan (OH) $378M · 944
Nibco Inc. Employee Stock Ownership Plan (IN) $377M · 1,370
Rsr Employee Stock Ownership Plan (FL) $386M · 366
The Gillette Company Employee Stock Ownership Plan (MA) $368M · 139

Frequently Asked Questions

How did New River Electrical Corporation Employee Stock Ownership Plan assets move in 2024? ▼

New River Electrical Corporation Employee Stock Ownership Plan grew sharply - up 18.4% during 2024, from $321M to $380M. Reported net income was $27M.

How have New River Electrical Corporation plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), New River Electrical Corporation's sponsor-wide assets grew 32.1%, from $301M to $398M.

Where does New River Electrical Corporation Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼

New River Electrical Corporation Employee Stock Ownership Plan ranks in the 96th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).

Which ESOP plans are similar in size to New River Electrical Corporation Employee Stock Ownership Plan? ▼

Among ESOP plans in other states, the closest by assets is Henny Penny Corporation Employee Stock Ownership Plan in OH ($378M, 944 participants).

Next read for New River Electrical Corporation Employe…

Scale reading

Ways to act on New River Electrical Corporation Employee Stock Ownership Plan's numbers.

By total assets, New River Electrical Corporation Employee Stock Ownership Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar ESOP plans in Virginia. Compare plans
New River Electrical Corporation's sponsor-wide assets have grown 32.1% 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 540562496.

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.