ESOP · DOL Form 5500 · 2022

Panel Processing, Inc. ESOP

Data updated 2026-08-25

$15M
Total assets Small plan by assets
146
Participants Small participant base
72nd
Percentile by assets National rank
$101,954
Avg per participant Below avg balance/head
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Official DOL plan name: Panel Processing, Inc. Employee Stock Ownership Plan · Sponsored by Panel Processing, Inc. · Michigan · Manufacturing

$15M in assets, 146 participants

Panel Processing, Inc.'s Panel Processing, Inc. Employee Stock Ownership Plan reported $15M in total assets and 146 participants in its 2022 DOL Form 5500 filing, ranking in the 72nd 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.

  • #12,728 in Manufacturing (20,602 peers)

Coverage in Michigan

Panel Processing, Inc. Employee Stock Ownership Plan covers 146 participants in Michigan, about 23% of the average Michigan filer (state average ~638 per filing). Assets: $15M.

#12,728
in Manufacturing (20,602 peers)
-24.8%
assets change YoY

The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Panel Processing, Inc. Employee Stock Ownership Plan's outsized position by total assets

Panel Processing, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$14,885,259 Top 28% higher than 72% 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

Panel Processing, Inc. Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Panel Processing, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (146 participants).

Form 5500 schedule snapshot

Filing strip 381946344 · Panel Processing, Inc. PY 2022 · ESOP

Panel Processing, Inc. Employee Stock Ownership Plan · $15M · 146 · 72nd

  • EOY $15M
  • EOY 146
  • EOY 72nd
  • EOY ESOP
  • EOY near Burns Engineering, Inc. Employee Stock Ownership Plan
  • EOY ind #12728

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 Michigan →

Panel Processing, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Panel Processing, Inc. Employee Stock Ownership PlanPanel Processing, Inc. Emplo…$15MBurns Engineering, Inc. Employee Stock Ownership PlanBurns Engineering, Inc. Empl…$15MThe Cadmus Holding Company, Inc. Employee Stock Ownership PlanThe Cadmus Holding Company, …$15MRoberts Mcnutt, Inc. Employee Stock Ownership PlanRoberts Mcnutt, Inc. Employe…$15MAbrasives Incorporated Employee Stock Ownership PlanAbrasives Incorporated Emplo…$15M
End-of-year total assets ($M) among Panel Processing, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Michigan filing particulars

Total Assets (Beginning of Year)$20M
Net Assets (End of Year)$15M
Net Income-$5M
Employer EIN381946344
Plan Effective Date1982-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Panel Processing, Inc.)

Sponsor-wide plan assets over time

All Panel Processing, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$15M 25.35021116246775% vs 2022
2024 filing year
$14M$16M$18M$20M$22M 202220232024 $20.6M $15.4M ▼ -25.4%
Year Plans Participants Total Assets
2022 2 332 $21M
2023 2 350 $19M
2024 2 332 $15M

Nearby ESOP Plans in Michigan

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

Panel Processing, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants Scatter plot of 6 data points. 0500100015002000 -0.500.511.5 Total assets ($B) Participants Panel Processing, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.014885259 · Participants: 146Panel Processing, Inc. Employee Stock Ownership PlanMcnaughton-Mckay Electric Company Employee Stock Ownership Plan, Total assets ($B): 1.052163391 · Participants: 1155Mcnaughton-Mckay Electric Company Employee Stock Ownership PlanThe Kendall Group Employee Stock Ownership Plan, Total assets ($B): 0.725583306 · Participants: 1817The Kendall Group Employee Stock Ownership PlanProject Worldwide, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.394784403 · Participants: 977Project Worldwide, Inc. Employee Stock Ownership PlanMotor City Electric Co. Employee Stock Ownership Plan, Total assets ($B): 0.191093331 · Participants: 209Motor City Electric Co. Employee Stock Ownership PlanBandit Holding Company, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.181896 · Participants: 591Bandit Holding Company, Inc. Employee Stock Ownership Plan
Panel Processing, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Panel Processing, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Michigan, the nearest ESOP by assets is Burns Engineering, Inc. Employee Stock Ownership Plan in PA ($15M); by covered participants it is Von Tobel Corporation Employee Stock Ownership Plan in IN (146 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (146 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 Panel Processing, Inc. Employee Stock Ownership Plan assets move in 2022? ▼
Panel Processing, Inc. Employee Stock Ownership Plan declined sharply - down 24.8% during 2022, from $20M to $15M. Reported net income was -$5M.
How have Panel Processing, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Panel Processing, Inc.'s sponsor-wide assets declined 25.4%, from $21M to $15M.
Which ESOP plans are similar in size to Panel Processing, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Burns Engineering, Inc. Employee Stock Ownership Plan in PA ($15M, 249 participants).
Which ESOP plans cover a similar participant headcount to Panel Processing, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Von Tobel Corporation Employee Stock Ownership Plan in IN (146 participants, $28M 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 381946344.

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.