Patriot Power Investment CorporationESOP
PPIC EMPLOYEE STOCK OWNERSHIP PLAN · ARTESIA, NM · plan year 2023
Patriot Power Investment Corporation's 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $58,691,740 across 153 participant accounts, with employer contributions averaging $16,229 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other management of companies employers. By assets it is the 28th-largest of 290 plans among New Mexico employers on file, and the 259th of 786 in management of companies.
Patriot Power Investment Corporation's 2023 employer contribution ran above the $3,659 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
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Source: U.S. Department of Labor, Form 5500 series, EIN 271061316 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.