ESOP · DOL Form 5500 · 2023

Great Salt Lake Electric Incorporated ESOP

Data updated 2026-08-25

$23M
Total assets Small plan by assets
211
Participants Below avg headcount
75th
Percentile by assets National rank
$110,667
Avg per participant Below avg balance/head
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Official DOL plan name: Gsl Electric Employee Stock Ownership Plan · Sponsored by Great Salt Lake Electric Incorporated · Utah · Construction

$23M in assets, 211 participants

Great Salt Lake Electric Incorporated's Gsl Electric Employee Stock Ownership Plan reported $23M in total assets and 211 participants in its 2023 DOL Form 5500 filing, ranking in the 75th 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.

  • #6,679 in Construction (9,030 peers)

Coverage in Utah

Gsl Electric Employee Stock Ownership Plan covers 211 participants in Utah, about 36% of the average Utah filer (state average ~592 per filing). Assets: $23M.

#6,679
in Construction (9,030 peers)
+42.2%
assets growth YoY
0.2×
vs typical plan assets (national mean)

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

Gsl Electric Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$23,350,716 Top 25% higher than 75% of 127,068 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 2023

Gsl Electric Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Gsl Electric Employee Stock Ownership Plan sits mid-pack in the medium band (211 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Gsl Electric Employee Stock Ownership Plan reported net income rose from $1M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Gsl Electric Employee Stock Ownership Plan end-of-year assets rose from $16M in the plan year 2022 filing to $23M in the plan year 2023 filing.
  • Gsl Electric Employee Stock Ownership Plan reported participants fell from 225 in the plan year 2022 filing to 211 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 870371134 · Great Salt Lake Electric Incorporated PY 2023 · ESOP

Gsl Electric Employee Stock Ownership Plan · $23M · 211 · 75th

  • PCT $23M
  • EIN 211
  • RANK 75th
  • PHOTO ESOP
  • IND near Beta Group, Inc. Employee Stock Ownership Plan
  • EOY ind #6679

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 Utah →

Gsl Electric Employee Stock Ownership Plan in the asset neighbourhood

Hyspeco, Inc. Employees Stock Ownership PlanHyspeco, Inc. Employees Stoc…$23MPumping Services, Incorporated Employee Stock Ownership PlanPumping Services, Incorporat…$23MGsl Electric Employee Stock Ownership PlanGsl Electric Employee Stock …$23MBeta Group, Inc. Employee Stock Ownership PlanBeta Group, Inc. Employee St…$23MIntegrated Technologies Group, Inc. Employee Stock Ownership PlanIntegrated Technologies Grou…$23M
End-of-year total assets ($M) among Gsl Electric Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Utah filing particulars

Total Assets (Beginning of Year)$16M
Net Assets (End of Year)$23M
Net Income$7M
Employer EIN870371134
Plan Effective Date1994-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Great Salt Lake Electric Incorporated)

Sponsor-wide plan assets over time

All Great Salt Lake Electric Incorporated plans reported in each filing year

Latest sponsor-wide plan assets
$45M 32.80045909886973% vs 2022
2023 filing year
$30M$35M$40M$45M$50M 20222023 $34.1M $45.3M ▲ +32.8%
Year Plans Participants Total Assets
2022 2 454 $34M
2023 2 428 $45M

Nearby ESOP Plans in Utah

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

Gsl Electric Employee Stock Ownership Plan vs. nearby ESOP plans in Utah, assets vs. participants Scatter plot of 6 data points. -2000200400600800 050100150 Total assets ($M) Participants Gsl Electric Employee Stock Ownership Plan, Total assets ($M): 23.350716 · Participants: 211Gsl Electric Employee Stock Ownership PlanWhitaker Construction Co., Inc. Employee Stock Ownership Plan, Total assets ($M): 121.038272 · Participants: 697Whitaker Construction Co., Inc. Employee Stock Ownership PlanJacobsen Construction Company, Inc. Employee Stock Ownership Plan, Total assets ($M): 111.243432 · Participants: 531Jacobsen Construction Company, Inc. Employee Stock Ownership PlanRocky Mountain Atv, Inc. Employee Stock Ownership Plan, Total assets ($M): 104.049142 · Participants: 501Rocky Mountain Atv, Inc. Employee Stock Ownership PlanFj Management Inc. Employee Stock Ownership Plan, Total assets ($M): 102.977078 · Participants: 30Fj Management Inc. Employee Stock Ownership PlanCentral Milling Employee Stock Ownership Plan and Trust, Total assets ($M): 45.365384 · Participants: 111Central Milling Employee Stock Ownership Plan and Trust
Gsl Electric Employee Stock Ownership Plan vs. nearby ESOP plans in Utah, assets vs. participants
Compare Gsl Electric Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Utah, the nearest ESOP by assets is Beta Group, Inc. Employee Stock Ownership Plan in RI ($23M); by covered participants it is Teoco Corporation Employee Stock Ownership Plan in VA (211 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (211 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Gsl Electric Employee Stock Ownership Plan assets move in 2023? ▼
Gsl Electric Employee Stock Ownership Plan surged - up 42.2% during 2023, from $16M to $23M. Reported net income was $7M.
How have Great Salt Lake Electric Incorporated plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), Great Salt Lake Electric Incorporated's sponsor-wide assets grew 32.8%, from $34M to $45M.
Where does Gsl Electric Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Gsl Electric Employee Stock Ownership Plan ranks in the 75th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Gsl Electric Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Beta Group, Inc. Employee Stock Ownership Plan in RI ($23M, 162 participants).
Which ESOP plans cover a similar participant headcount to Gsl Electric Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Teoco Corporation Employee Stock Ownership Plan in VA (211 participants, $7M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 870371134.

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.