ESOP · DOL Form 5500 · 2024

Taft Electric Company, Inc. ESOP

Data updated 2026-08-25

$48M
Total assets Below avg plan size
142
Participants Small participant base
84th
Percentile by assets National rank
$339,830
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Taft Electric Company Employee Stock Ownership Plan · Sponsored by Taft Electric Company, Inc. · California · Construction

$48M in assets, 142 participants

Taft Electric Company, Inc.'s Taft Electric Company Employee Stock Ownership Plan reported $48M in total assets and 142 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.

  • #7,420 in Construction (9,039 peers)

Coverage in California

Taft Electric Company Employee Stock Ownership Plan covers 142 participants in California, about 23% of the average California filer (state average ~630 per filing). Assets: $48M.

#7,420
in Construction (9,039 peers)
+11.5%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Taft Electric Company Employee Stock Ownership Plan's outsized position by total assets

Taft Electric Company Employee Stock Ownership Plan vs every filed plan by assets

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

$48,255,829 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

Taft Electric Company 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. Taft Electric Company Employee Stock Ownership Plan sits mid-pack in the medium band (142 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Taft Electric Company Employee Stock Ownership Plan reported net income fell from $7M in the plan year 2023 filing to $6M in the plan year 2024 filing.
  • Taft Electric Company Employee Stock Ownership Plan reported participants fell from 161 in the plan year 2023 filing to 142 in the plan year 2024 filing.
  • Taft Electric Company Employee Stock Ownership Plan end-of-year assets rose from $43M in the plan year 2023 filing to $48M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 770007216 · Taft Electric Company, Inc. PY 2024 · ESOP

Taft Electric Company Employee Stock Ownership Plan · $48M · 142 · 84th

  • PCT $48M
  • PCT 142
  • PCT 84th
  • PCT ESOP
  • PCT near Greater Metroplex Interiors Holdings, Inc. Employee Stock Ownership Plan
  • PCT ind #7420

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 California →

Taft Electric Company Employee Stock Ownership Plan in the asset neighbourhood

Trimark Corporation Employee Stock Ownership PlanTrimark Corporation Employee…$48MA. Morton Thomas and Associates, Inc. Employee Stock Ownership PlanA. Morton Thomas and Associa…$48MTaft Electric Company Employee Stock Ownership PlanTaft Electric Company Employ…$48MGreater Metroplex Interiors Holdings, Inc. Employee Stock Ownership PlanGreater Metroplex Interiors …$48MMiller's Health Systems, Inc. Employee Stock Ownership PlanMiller's Health Systems, Inc…$48M
End-of-year total assets ($M) among Taft Electric Company Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

California filing particulars

Total Assets (Beginning of Year)$43M
Net Assets (End of Year)$34M
Net Income$6M
Employer EIN770007216
Plan Effective Date2017-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Taft Electric Company, Inc.)

Sponsor-wide plan assets over time

All Taft Electric Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$64M 32.42497541013574% vs 2022
2024 filing year
$45M$50M$55M$60M$65M$70M 202220232024 $48.3M $63.9M ▲ +32.4%
Year Plans Participants Total Assets
2022 2 321 $48M
2023 2 301 $57M
2024 2 275 $64M

Nearby ESOP Plans in California

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

Taft Electric Company Employee Stock Ownership Plan vs. nearby ESOP plans in California, assets vs. participants Scatter plot of 6 data points. -20000200040006000800010000 -20246 Total assets ($B) Participants Taft Electric Company Employee Stock Ownership Plan, Total assets ($B): 0.048255829 · Participants: 142Taft Electric Company Employee Stock Ownership PlanParsons Employee Stock Ownership Plan, Total assets ($B): 4.994512995 · Participants: 8040Parsons Employee Stock Ownership PlanAcco Employee Stock Ownership Plan, Total assets ($B): 1.694943363 · Participants: 1499Acco Employee Stock Ownership PlanRosendin Electric, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.538046697 · Participants: 1998Rosendin Electric, Inc. Employee Stock Ownership PlanEcc Employee Stock Ownership Plan, Total assets ($B): 0.632082376 · Participants: 317Ecc Employee Stock Ownership PlanAgron, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.596115632 · Participants: 68Agron, Inc. Employee Stock Ownership Plan
Taft Electric Company Employee Stock Ownership Plan vs. nearby ESOP plans in California, assets vs. participants
Compare Taft Electric Company Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside California, the nearest ESOP by assets is Greater Metroplex Interiors Holdings, Inc. Employee Stock Ownership Plan in TX ($48M); by covered participants it is Standard Heating & Air Conditioning Employee Stock Ownership Plan in NE (142 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (142 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 Taft Electric Company Employee Stock Ownership Plan assets move in 2024? ▼
Taft Electric Company Employee Stock Ownership Plan grew at a solid clip - up 11.5% during 2024, from $43M to $48M. Reported net income was $6M.
How have Taft Electric Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Taft Electric Company, Inc.'s sponsor-wide assets grew 32.4%, from $48M to $64M.
Where does Taft Electric Company Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Taft Electric Company 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 Taft Electric Company Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Greater Metroplex Interiors Holdings, Inc. Employee Stock Ownership Plan in TX ($48M, 803 participants).
Which ESOP plans cover a similar participant headcount to Taft Electric Company Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Standard Heating & Air Conditioning Employee Stock Ownership Plan in NE (142 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 770007216.

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.