ESOP · DOL Form 5500 · 2024

Palmer Engineering Company ESOP

Data updated 2026-08-25

$11M
Total assets Small plan by assets
89
Participants Small participant base
57th
Percentile by assets National rank
$120,185
Avg per participant Near avg balance/head
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Official DOL plan name: Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement · Sponsored by Palmer Engineering Company · Kentucky · Professional & Technical Services

$11M in assets, 89 participants

Palmer Engineering Company's Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement reported $11M in total assets and 89 participants in its 2024 DOL Form 5500 filing, ranking in the 57th 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.

  • #11,202 in Professional & Technical Services (20,173 peers)

Palmer Engineering Company multi-year trail

Palmer Engineering Company's plans moved +44.9% in assets from 2022 to 2024; this filing shows Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement at $11M / 89 participants.

#11,202
in Professional & Technical Services (20,173 peers)
+19.2%
assets growth YoY

Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement's mid-pack asset rank among Professional & Technical Services and all filers

Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement vs every filed plan by assets

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

$10,696,509 Top 43% higher than 57% 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

Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement is a small filing (89 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement end-of-year assets rose from $9M in the plan year 2023 filing to $11M in the plan year 2024 filing.
  • Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement reported net income rose from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 610679012 · Palmer Engineering Company PY 2024 · ESOP

Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement · $11M · 89 · 57th

  • IND $11M
  • IND 89
  • IND 57th
  • IND ESOP
  • IND near Room & Board Employee Stock Ownership Plan
  • IND ind #11202

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 Kentucky →

Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement in the asset neighbourhood

Palmer Engineering, Co. Employee Stock Ownership Plan & Trust AgreementPalmer Engineering, Co. Empl…$11MRoom & Board Employee Stock Ownership PlanRoom & Board Employee Stock …$11MProcessed Metals Innovators, Inc. Employee Stock Ownership PlanProcessed Metals Innovators,…$11MQuirk Wire Co., Inc. Employee Stock Ownership PlanQuirk Wire Co., Inc. Employe…$11MNew Road Schools of New Jersey, Inc Employee Stock Ownership PlanNew Road Schools of New Jers…$11M
End-of-year total assets ($M) among Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Palmer Engineering Company multi-year asset trail

Sponsor-wide plan assets over time

All Palmer Engineering Company plans reported in each filing year

Latest sponsor-wide plan assets
$11M 44.94715968037257% vs 2022
2024 filing year
$7M$8M$9M$10M$11M$12M 202220232024 $7.38M $10.7M ▲ +45.0%
Year Plans Participants Total Assets
2022 1 84 $7M
2023 1 89 $9M
2024 1 89 $11M

Palmer Engineering Company filing trail (2024)

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$11M
Net Income$2M
Employer EIN610679012
Plan Effective Date1998-03-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Kentucky

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

Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement vs. nearby ESOP plans in Kentucky, assets vs. participants Scatter plot of 6 data points. -20000200040006000800010000 -10123 Total assets ($B) Participants Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement, Total assets ($B): 0.010696509 · Participants: 89Palmer Engineering, Co. Employee Stock Ownership Plan & Trust AgreementHouchens Industries, Inc. Employee Stock Ownership Plan, Total assets ($B): 2.640129838 · Participants: 7785Houchens Industries, Inc. Employee Stock Ownership PlanGray, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.177392403 · Participants: 1534Gray, Inc. Employee Stock Ownership PlanStock Yards Bank & Trust Company 401(k) and Employee Stock Ownership Plan, Total assets ($B): 0.167312413 · Participants: 1107Stock Yards Bank & Trust Company 401(k) and Employee Stock Ownership PlanInterstate Personnel Services, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.122999859 · Participants: 834Interstate Personnel Services, Inc. Employee Stock Ownership PlanH & R Agri-Power Employee Stock Ownership Plan, Total assets ($B): 0.111162082 · Participants: 522H & R Agri-Power Employee Stock Ownership Plan
Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement vs. nearby ESOP plans in Kentucky, assets vs. participants
Compare Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement side-by-side with 3 peers →

Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement's out-of-state ESOP peers by assets and headcount

Outside Kentucky, the nearest ESOP by assets is Room & Board Employee Stock Ownership Plan in ($11M); by covered participants it is Carpetland USA Milwaukee, Inc. Employee Stock Ownership Plan in WI (89 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (89 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 Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement assets move in 2024? ▼
Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement grew sharply - up 19.2% during 2024, from $9M to $11M. Reported net income was $2M.
How have Palmer Engineering Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Palmer Engineering Company's sponsor-wide assets grew 44.9%, from $7M to $11M.
Which ESOP plans are similar in size to Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement? ▼
Among ESOP plans in other states, the closest by assets is Room & Board Employee Stock Ownership Plan in ($11M, 1,030 participants).
Which ESOP plans cover a similar participant headcount to Palmer Engineering, Co. Employee Stock Ownership Plan & Trust Agreement? ▼
Among ESOP plans in other states, the closest by covered participants is Carpetland USA Milwaukee, Inc. Employee Stock Ownership Plan in WI (89 participants, $11M 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 610679012.

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.