IDEAL POWER, INC. is a South Dakota corporation, registered on October 18, 1999. The company has since been marked inactive on the South Dakota register, is registered under company number DB041948 and carries EIN 141999058. Its E-Verify enrollment reports a workforce of 10 to 19 employees, hiring at 1 site in Texas. Public records for the company include 1 SoS registration, 4 federal contracts, 1 loan record, 1 H-1B filing, 1 E-Verify record, 13 Form 5500 filings and 1 SEC filing. Every fact here is republished from an official public register and traces back to a primary source document.
| Legal entity name | IDEAL POWER, INC. |
|---|---|
| Registration state | South Dakota |
| Status | Inactive |
| Registered | 18 October 1999 (almost 27 years ago) |
| Entity type | Corporation |
| Standing | not compliant |
| Company number | DB041948 |
| EIN | 141999058 |
| LEI | 529900GSUN7DW3QD5F50 |
| Employees (modeled) | ≈21 employees2025 |
| Workforce size | 10 to 19 employees · updated 14 October 2025 |
| Hiring sites | 1 site in Texas |
| H-1B filings | 1 LCA filing, FY 2022 |
| Registered agent |
|---|
| KEITH MUHL |
| Source registry | South Dakota Secretary of State · updated 15 June 2026 |
|---|
| Public records | 1 SoS registration |
|---|
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| Est. revenue (modeled) | $10.9M2025 |
|---|---|
| Federal contractor | Yes · 4 federal recipient records (SAM) |
| SBA loans | $91K · approved amounts |
| State | Business name | Filed | Registered agent | Officers | Status | |
|---|---|---|---|---|---|---|
| South DakotaTHIS | IDEAL POWER, INC. | 1999-10-18 | KEITH MUHL | — | Inactive | |
Filing ID DB041948 Jurisdiction Domestic · Corporation Principal address — Registered agent KEITH MUHL178 NORTH LAKE DRIVE, WATERTOWN, SD, 57201-5506 Officers Not reported | ||||||
Companies and people linked to IDEAL POWER, INC. in the state registers through shared officers, a shared registered agent, shared filing contacts or a shared address. Service companies file for many unrelated businesses — a shared agent, address or contact alone does not prove affiliation.
company person group former role
Browse the indexed registries by state, or look up any debtor name free, at UCC lien search.
| Amount | Approved | Lender | Jobs | Status | |
|---|---|---|---|---|---|
| $91,407 | 04/30/2020 | PNC Bank, National Association | 5 | Paid in Full | |
| Case | Filed | Job title | Wage | Worksite | Status | |
|---|---|---|---|---|---|---|
| I-200-22217-400907 | 2022-08-05 | Senior Manager of Device Engineering | $150,000/yr | Austin | Certified | |
| State | Workforce | Hiring sites | Enrolled | Industry | Status | |
|---|---|---|---|---|---|---|
| Texas | 10 to 19 | 1 | 3/28/2025 | MANUFACTURING (31-33) | Terminated | |
Employee-benefit plan filings by IDEAL POWER, INC. with the Department of Labor. Employee and revenue figures are modeled estimates derived from retirement-plan participant counts and industry ratios — not official headcount or reported revenue.
| Employees (modeled) | ≈21 · plan year 2025 |
|---|---|
| Est. annual revenue (modeled) | $10.9M |
| Retirement plan assets | $1.6M |
| Benefit plans | 401(k) plan on file |
| Filing history | 14 plan years filed, 2012–2025 |
| Sponsor EIN | 14-1999058 |
| Plan year | Employees (est.) | Participants | Plan assets | Revenue (est.) | 401(k) | |
|---|---|---|---|---|---|---|
| 2025 | ≈21 | 29 (19 active) | $1.6M | $10.9M | 401(k) | |
| 2024 | ≈14 | 24 (13 active) | $1.7M | $8.3M | 401(k) | |
| 2023 | ≈11 | 24 (10 active) | $1.3M | $6.4M | 401(k) | |
| 2022 | ≈10 | 21 (9 active) | $1.3M | $5.3M | 401(k) | |
| 2021 | ≈7 | 20 (6 active) | $941,353 | $2.6M | 401(k) | |
| 2020 | ≈11 | 20 (10 active) | $795,790 | $3.7M | 401(k) | |
| 2019 | ≈21 | 27 (19 active) | $664,224 | $5.4M | 401(k) | |
| 2018 | ≈22 | 28 (20 active) | $657,914 | $8.7M | 401(k) | |
| 2017 | ≈33 | 34 (30 active) | $687,072 | $13.5M | 401(k) | |
| 2016 | ≈31 | 29 (28 active) | $505,227 | $15.7M | 401(k) | |
Matched Form 5500 filing records:
| Plan | Plan year | Participants | EIN | |
|---|---|---|---|---|
| IDEAL POWER INC. 401K PLAN | — | — | — | |
| IDEAL POWER INC. 401K PLAN | — | — | — | |
| IDEAL POWER INC. 401K PLAN | — | — | — | |
| IDEAL POWER INC 401 K PROFIT SHARING PLAN TRUST | — | — | — | |
| IDEAL POWER INC. 401K PLAN | — | — | — | |
| IDEAL POWER CONVERTERS INC 401 K PROFIT SHARING PLAN TRUST | — | — | — | |
| IDEAL POWER INC. 401K PLAN | — | — | — | |
| IDEAL POWER INC. 401K PLAN | — | — | — | |
| IDEAL POWER INC. 401K PLAN | — | — | — | |
| IDEAL POWER INC. 401K PLAN | — | — | — | |
| CIK / File | Filed | Form | Detail | |
|---|---|---|---|---|
| 1507957 | — | — | — | |
Federal court records load when you reach this section.
Companies adjacent to IDEAL POWER, INC. in the South Dakota Secretary of State register, in alphabetical order.
Netstate aggregates public records from federal, state and municipal sources; records are matched to this company by its registered legal names. Latest source snapshot 2026-06-17. Document getpalm-companies/7533-5934-4123.