ESOP · DOL Form 5500 · 2022

Challenge Mfg. Holdings, Inc. ESOP

Data updated 2026-08-25

$7M
Total assets Small plan by assets
1,721
Participants Near avg headcount
57th
Percentile by assets National rank
$3,886
Avg per participant Low balance/head
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Official DOL plan name: Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan · Sponsored by Challenge Mfg. Holdings, Inc. · Michigan · Manufacturing

$7M in assets, 1,721 participants

Challenge Mfg. Holdings, Inc.'s Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan reported $7M in total assets and 1,721 participants in its 2022 DOL Form 5500 filing, ranking in the 57th 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.

  • #8,613 in Manufacturing (20,602 peers)

Coverage in Michigan

Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan covers 1,721 participants in Michigan, 2.7x the typical Michigan plan (state average ~638 per filing). Assets: $7M.

#8,613
in Manufacturing (20,602 peers)
-47.3%
assets change YoY

The plan reported a net loss of $6M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Manufacturing and all filers

Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$6,688,387 Top 43% higher than 57% 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

Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan lands in the large band (1,721 participants).

Plan-year Form 5500 strip

Filing strip 464294293 · Challenge Mfg. Holdings, Inc. PY 2022 · ESOP

Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan · $7M · 1,721 · 57th

  • PHOTO $7M
  • IND 1,721
  • EOY 57th
  • 5500 ESOP
  • ASSETS near Hallmark Inns & Resorts, Inc. Employee Stock Ownership Plan
  • PCT ind #8613

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 →

Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan in the asset neighbourhood

D. a. Pope, Incorporated Employee Stock Ownership PlanD. a. Pope, Incorporated Emp…$7MHallmark Inns & Resorts, Inc. Employee Stock Ownership PlanHallmark Inns & Resorts, Inc…$7MNelson Lumber & Home, Inc. Restated Employee Stock Ownership Plan and TrustNelson Lumber & Home, Inc. R…$7MChallenge Mfg. Holdings, Inc. Employee Stock Ownership PlanChallenge Mfg. Holdings, Inc…$7MClark Dietz, Inc. Employee Stock Ownership PlanClark Dietz, Inc. Employee S…$7M
End-of-year total assets ($M) among Challenge Mfg. Holdings, 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)$13M
Net Assets (End of Year)$7M
Net Income-$6M
Employer EIN464294293
Plan Effective Date1997-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Challenge Mfg. Holdings, Inc.)

Sponsor-wide plan assets over time

All Challenge Mfg. Holdings, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$140M 107.38236911922858% vs 2022
2024 filing year
$50M$100M$150M 202220232024 $67.3M $140M ▲ +107.4%
Year Plans Participants Total Assets
2022 2 4,028 $67M
2023 2 4,929 $102M
2024 2 5,555 $140M

Nearby ESOP Plans in Michigan

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

Challenge Mfg. Holdings, 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 ($B) Participants Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.006688387 · Participants: 1721Challenge Mfg. Holdings, 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
Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Michigan, the nearest ESOP by assets is Hallmark Inns & Resorts, Inc. Employee Stock Ownership Plan in OR ($7M); by covered participants it is Mulberry's Independent Home Services, Inc. Employee Stock Ownership Plan in WV (1,716 participants). Same-state nearby plans are listed separately above.

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 Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan assets move in 2022? ▼
Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan contracted severely - down 47.3% during 2022, from $13M to $7M. Reported net income was -$6M.
How have Challenge Mfg. Holdings, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Challenge Mfg. Holdings, Inc.'s sponsor-wide assets grew 107.4%, from $67M to $140M.
Which ESOP plans are similar in size to Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Hallmark Inns & Resorts, Inc. Employee Stock Ownership Plan in OR ($7M, 265 participants).
Which ESOP plans cover a similar participant headcount to Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Mulberry's Independent Home Services, Inc. Employee Stock Ownership Plan in WV (1,716 participants, $25M 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 464294293.

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.