ESOP · DOL Form 5500 · 2022

Mgs Contracting, Inc. ESOP

Data updated 2026-08-25

$8M
Total assets Small plan by assets
24
Participants Small participant base
60th
Percentile by assets National rank
$335,417
Avg per participant High balance/head
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Official DOL plan name: Mgs Contracting, Inc. Employee Stock Ownership Plan · Sponsored by Mgs Contracting, Inc. · Georgia · Manufacturing

$8M in assets, 24 participants

Mgs Contracting, Inc.'s Mgs Contracting, Inc. Employee Stock Ownership Plan reported $8M in total assets and 24 participants in its 2022 DOL Form 5500 filing, ranking in the 60th 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.

  • #9,597 in Manufacturing (20,602 peers)

Mgs Contracting, Inc. multi-year trail

Mgs Contracting, Inc.'s plans moved +116.3% in assets from 2022 to 2024; this filing shows Mgs Contracting, Inc. Employee Stock Ownership Plan at $8M / 24 participants.

#9,597
in Manufacturing (20,602 peers)
+73.1%
assets growth YoY

Mgs Contracting, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Manufacturing and all filers

Mgs Contracting, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$8,050,011 Top 40% higher than 60% of 139,123 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 2022

Mgs Contracting, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mgs Contracting, Inc. Employee Stock Ownership Plan is a small filing (24 participants) on this national headcount ladder.

DOL schedule card

Filing strip 831907988 · Mgs Contracting, Inc. PY 2022 · ESOP

Mgs Contracting, Inc. Employee Stock Ownership Plan · $8M · 24 · 60th

  • SCH $8M
  • SCH 24
  • SCH 60th
  • SCH ESOP
  • SCH near The Peoples Bank & Trust Employee Stock Ownership Plan
  • SCH ind #9597

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 Georgia →

Mgs Contracting, Inc. Employee Stock Ownership Plan in the asset neighbourhood

The Menke Group Employee Stock Ownership PlanThe Menke Group Employee Sto…$8MMgs Contracting, Inc. Employee Stock Ownership PlanMgs Contracting, Inc. Employ…$8MThe Peoples Bank & Trust Employee Stock Ownership PlanThe Peoples Bank & Trust Emp…$8MLion Plumbing Supply, Inc. Employee Stock Ownership PlanLion Plumbing Supply, Inc. E…$8MEmergency Apparatus Maintenance, Inc. Employee Stock Ownership PlanEmergency Apparatus Maintena…$8M
End-of-year total assets ($M) among Mgs Contracting, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Mgs Contracting, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Mgs Contracting, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$17M 116.27314546526706% vs 2022
2024 filing year
$5M$10M$15M$20M 202220232024 $8.05M $17.4M ▲ +116.3%
Year Plans Participants Total Assets
2022 1 24 $8M
2023 1 21 $14M
2024 1 23 $17M

Mgs Contracting, Inc. filing trail (2022)

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$7M
Net Income$4M
Employer EIN831907988
Plan Effective Date2018-09-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Georgia

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

Mgs Contracting, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Georgia, assets vs. participants Scatter plot of 6 data points. -5000500100015002000 -2000200400600800 Total assets ($M) Participants Mgs Contracting, Inc. Employee Stock Ownership Plan, Total assets ($M): 8.050011 · Participants: 24Mgs Contracting, Inc. Employee Stock Ownership PlanWarehouse Home Furnishings Distributors, Inc. Employee Stock Ownership Plan, Total assets ($M): 688.646729 · Participants: 1759Warehouse Home Furnishings Distributors, Inc. Employee Stock Ownership PlanChoate Construction Company Employee Stock Ownership Plan, Total assets ($M): 315.657741 · Participants: 424Choate Construction Company Employee Stock Ownership PlanBrent Scarbrough & Company Employee Stock Ownership Plan, Total assets ($M): 252.895792 · Participants: 427Brent Scarbrough & Company Employee Stock Ownership PlanAubrey Silvey Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 189.698153 · Participants: 397Aubrey Silvey Enterprises, Inc. Employee Stock Ownership PlanDixie Plywood and Lumber Company Employee Stock Ownership Plan, Total assets ($M): 137.399647 · Participants: 314Dixie Plywood and Lumber Company Employee Stock Ownership Plan
Mgs Contracting, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Georgia, assets vs. participants
Compare Mgs Contracting, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Mgs Contracting, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Georgia, the nearest ESOP by assets is The Peoples Bank & Trust Employee Stock Ownership Plan in TN ($8M); by covered participants it is Econocorp, Inc. Employee Stock Ownership Plan in MA (24 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (24 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Mgs Contracting, Inc. Employee Stock Ownership Plan assets move in 2022? ▼
Mgs Contracting, Inc. Employee Stock Ownership Plan surged - up 73.1% during 2022, from $5M to $8M. Reported net income was $4M.
How have Mgs Contracting, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mgs Contracting, Inc.'s sponsor-wide assets grew 116.3%, from $8M to $17M.
Which ESOP plans are similar in size to Mgs Contracting, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is The Peoples Bank & Trust Employee Stock Ownership Plan in TN ($8M, 55 participants).
Which ESOP plans cover a similar participant headcount to Mgs Contracting, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Econocorp, Inc. Employee Stock Ownership Plan in MA (24 participants, $279K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 831907988.

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.