Other
2022 plan-year Other DOL Form 5500

Mayo Construction Company, Inc. Employee Stock Ownership Plan and Trust

ERISA Form 5500 plan record drawn from DOL EBSA โ€” verify with linked source filings below.

Sponsored by Mayo Construction Company, Inc. ยท North Dakota ยท Construction

What the 2023 filing shows

Mayo Construction Company, Inc. Employee Stock Ownership Plan and Trust holds $39M for 113 participants - about $347,533 per participant, up 0.6% over the 2022 plan year.

$39M
total plan assets (2022 EOY)
113
covered participants
$347,533
avg assets per participant
+0.6%
assets growth YoY

The plan reported a net loss of $3M for the year โ€” a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$39M
Participants
113
State
Industry
Construction

What the Filing Says About Mayo Construction Company, Inc. Employee Stock Ownership Plan and Trust

Mayo Construction Company, Inc. Employee Stock Ownership Plan and Trust is a Other retirement plan sponsored by Mayo Construction Company, Inc., headquartered in North Dakota. As of the 2022 Form 5500 filing, the plan reports $39M in total end-of-year assets and covers 113 participants across the Construction industry. The sponsor's EIN on file with the U.S. Department of Labor is 450351973, and the plan has been effective since 2012-12-31. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $39M at the beginning of 2022 to $39M at year-end โ€” a gain of 0.6%. Net assets (after liabilities) closed the year at $35M, with reported net income of $-2,642,789 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows โ€” a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$39M
Total Assets (End of Year)$39M
Net Assets (End of Year)$35M
Net Income$-2,642,789
Plan TypeOther
Employer EIN450351973
Plan Effective Date2012-12-31
Filing StatusFILING RECEIVED

Sponsor Plan History (Mayo Construction Company, Inc.)

Year Plans Participants Total Assets
2022 1 113 $39M
2023 1 155 $45M
2024 1 109 $44M

Nearby Other Plans in North Dakota

Peer Other plans โ€” same state, same plan type โ€” ranked by total assets.

Frequently Asked Questions

How much money is in the Mayo Construction Company, Inc. Employee Stock Ownership Plan and Trust?
As of the 2022 Form 5500 filing, Mayo Construction Company, Inc. Employee Stock Ownership Plan and Trust holds $39M in total assets with 113 participants. It is sponsored by Mayo Construction Company, Inc..
What type of plan is Mayo Construction Company, Inc. Employee Stock Ownership Plan and Trust?
Mayo Construction Company, Inc. Employee Stock Ownership Plan and Trust is a Other plan. It has been effective since 2012-12-31. The plan is filed with the U.S. Department of Labor under EIN 450351973.
Who sponsors the Mayo Construction Company, Inc. Employee Stock Ownership Plan and Trust?
Mayo Construction Company, Inc. Employee Stock Ownership Plan and Trust is sponsored by Mayo Construction Company, Inc., located in North Dakota. The sponsor's EIN is 450351973 and the plan operates in the Construction industry.
How did Mayo Construction Company, Inc. Employee Stock Ownership Plan and Trust perform in 2022?
Mayo Construction Company, Inc. Employee Stock Ownership Plan and Trust grew by 0.6% during 2022, moving from $39M to $39M in total assets. Net income was $-2,642,789.
Where can I find official filings for Mayo Construction Company, Inc. Employee Stock Ownership Plan and Trust?
Official Form 5500 filings for Mayo Construction Company, Inc. Employee Stock Ownership Plan and Trust are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 450351973 or plan name at efast.dol.gov.
How does Mayo Construction Company, Inc. Employee Stock Ownership Plan and Trust compare to other plans?
You can compare Mayo Construction Company, Inc. Employee Stock Ownership Plan and Trust against other Other plans on the plan type page, or view plans in North Dakota on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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) โ€” original filing retrieval by EIN 450351973.

Reference: IRS Publication 560 โ€” Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B โ€” Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.