ESOP · DOL Form 5500 · 2024
Miller Electric Company ESOP
Data updated 2026-08-11
- $39M
- Total assets
- 525
- Participants
- 81st
- Percentile by assets
- $75,182
- Avg per participant
Official DOL plan name: Miller Electric Company Employee Stock Ownership Plan and Trust · Sponsored by Miller Electric Company · Florida · Construction
$39M in assets, 525 participants
Miller Electric Company's Miller Electric Company Employee Stock Ownership Plan and Trust reported $39M in total assets and 525 participants in its 2024 DOL Form 5500 filing, ranking in the 81st 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.
- 81st percentile by assets (of 123,622 plans)
- #7,204 in Construction (9,039 peers)
Where Miller Electric Company Employee Stock Ownership Plan and Trust sits by assets
Miller Electric Company Employee Stock Ownership Plan and Trust sits in the top quartile of all filed plans by assets, $39M for 525 participants (~$75,182/participant), down 63.4% in 2024.
- $39M
- total plan assets (2024 EOY)
- 525
- covered participants
- 81st
- percentile by assets (of 123,622 plans)
- $75,182
- avg assets per participant
The plan reported a net loss of $68M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Miller Electric Company Employee Stock Ownership Plan and Trust reported net income fell from $47M in the plan year 2023 filing to -$68M in the plan year 2024 filing.
- Miller Electric Company Employee Stock Ownership Plan and Trust end-of-year assets fell from $108M in the plan year 2023 filing to $39M in the plan year 2024 filing.
- Miller Electric Company Employee Stock Ownership Plan and Trust reported participants fell from 559 in the plan year 2023 filing to 525 in the plan year 2024 filing.
Miller Electric Company Employee Stock Ownership Plan and Trust vs the 2024 asset distribution
By assets, Miller Electric Company Employee Stock Ownership Plan and Trust outranks 81% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.4x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $108M |
|---|---|
| Net Assets (End of Year) | $39M |
| Net Income | -$68M |
| Employer EIN | 590361850 |
| Plan Effective Date | 2012-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Miller Electric Company)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 1,026 | $101M |
| 2023 | 2 | 1,114 | $152M |
| 2024 | 2 | 1,043 | $39M |
Nearby ESOP Plans in Florida
Peer ESOP plans, same state, same plan type, ranked by total assets.
Miller Electric Company Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Florida, assets vs. participants
- Publix Super Markets, Inc. Employee Stock Ownership Plan & Trust $14.3B · 149,213
- Raymond James Financial, Inc. & Affiliates Employee Stock Ownership Plan $1.1B · 16,036
- Summit Companies Holdings, Inc. Employee Stock Ownership Plan $754M · 354
- Thirty Fifteen Employee Stock Ownership Plan $725M · 4,730
- Western Global Airlines, Inc. Employee Stock Ownership Plan $441M · 353
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Miller Electric Company Employee Stock Ownership Plan and Trust by total assets, not by location.
Frequently Asked Questions
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Scale reading
Ways to act on Miller Electric Company Employee Stock Ownership Plan and Trust's numbers.
- By total assets, Miller Electric Company Employee Stock Ownership Plan and Trust ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Florida. Compare plans
- Miller Electric Company's sponsor-wide assets have declined 60.8% since 2022 across 3 plan years on file. More Construction plans