ESOP · DOL Form 5500 · 2023

Memphis Equipment Company, Inc. ESOP

Data updated 2026-08-25

$6M
Total assets Small plan by assets: 29
Participants Small participant base: 47th
Percentile by assets National rank: $195,553
Avg per participant Above avg balance/head

PlainRetire home → About this data RSS: change history

Official DOL plan name: Memphis Equipment Company ESOP · Sponsored by Memphis Equipment Company, Inc. · Tennessee · Retail Trade

$6M in assets, 29 participants

Memphis Equipment Company, Inc.'s Memphis Equipment Company ESOP reported $6M in total assets and 29 participants in its 2023 DOL Form 5500 filing, ranking in the 47th 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.

#4,811 in Retail Trade (8,414 peers)

What the 2023 filing shows

Memphis Equipment Company ESOP holds $6M for 29 participants - about $195,553 per participant, in the lower half of filed plans by assets.

#4,811
in Retail Trade (8,414 peers): +3.9%
assets growth YoY

Memphis Equipment Company ESOP's mid-pack asset rank among Retail Trade and all filers

Memphis Equipment Company ESOP vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$5,671,029 47th percentile higher than 47% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Memphis Equipment Company ESOP among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Memphis Equipment Company ESOP is a small filing (29 participants) on this national headcount ladder.

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

Memphis Equipment Company ESOP reported participants fell from 33 in the plan year 2022 filing to 29 in the plan year 2023 filing.
Memphis Equipment Company ESOP end-of-year assets rose from $5M in the plan year 2022 filing to $6M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 620433104 · Memphis Equipment Company, Inc. PY 2023 · ESOP

Memphis Equipment Company ESOP · $6M · 29 · 47th

BOOK $6M
BOOK 29
BOOK 47th
BOOK ESOP
BOOK near Dmb Corporation, Inc. ESOP
BOOK ind #4811

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 Tennessee →

End-of-year total assets ($M) among Memphis Equipment Company ESOP and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Filing particulars (2023)

Total Assets (Beginning of Year)	$5M
Net Assets (End of Year)	$6M
Net Income	$214K
Employer EIN	620433104
Plan Effective Date	1995-12-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Memphis Equipment Company, Inc.)

Latest sponsor-wide plan assets: $5M 0.5090364553221971% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	33	$5M
2023	1	29	$6M
2024	1	27	$5M

Nearby ESOP Plans in Tennessee

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

Memphis Equipment Company ESOP vs. nearby ESOP plans in Tennessee, assets vs. participants

Barr Brands International Amended and Restated Employee Stock Ownership Plan $427M · 401
Zander Group Holdings, Inc. Employee Stock Ownership Plan $221M · 190
National Health Corp Leveraged Employee Stock Ownership Plan $144M · 1,470
3ls, Inc. Employee Stock Ownership Plan $134M · 424
Smith Seckman Reid, Inc. Employee Stock Ownership Plan $99M · 483

Compare Memphis Equipment Company ESOP side-by-side with 3 peers →

Memphis Equipment Company ESOP's out-of-state ESOP peers by assets and headcount

Outside Tennessee, the nearest ESOP by assets is Dmb Corporation, Inc. ESOP in WI ($6M); by covered participants it is Rsr Partners Inc ESOP in CT (29 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($6M here).

Dmb Corporation, Inc. ESOP (WI) $6M · 45
Marina Mechanical Services Employee Stock Ownership Plan (CA) $6M · 20
Acentech Incorporated Employee Stock Employee Stock Ownership Plan (MA) $6M · 68
Cellusuede Products, Inc. Employee Stock Ownership Plan (IL) $6M · 33

Similar participant headcount

Nearest other-state filings by covered participants (29 participants); asset peers above are excluded.

Rsr Partners Inc ESOP (CT) 29 · 0 off
Survival Systems USA, Inc. Employee Stock Ownership Plan (CT) 29 · 0 off
Thermal Technologies, Inc. Employee Stock Ownership Plan (WI) 29 · 0 off
Korellis Enterprises, Inc. Employee Stock Ownership Plan (IN) 29 · 0 off

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Memphis Equipment Company ESOP assets move in 2023? ▼

Memphis Equipment Company ESOP edged up modestly - up 3.9% during 2023, from $5M to $6M. Reported net income was $214K.

How have Memphis Equipment Company, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Memphis Equipment Company, Inc.'s sponsor-wide assets declined 0.5%, from $5M to $5M.

Which ESOP plans are similar in size to Memphis Equipment Company ESOP? ▼

Among ESOP plans in other states, the closest by assets is Dmb Corporation, Inc. ESOP in WI ($6M, 45 participants).

Which ESOP plans cover a similar participant headcount to Memphis Equipment Company ESOP? ▼

Among ESOP plans in other states, the closest by covered participants is Rsr Partners Inc ESOP in CT (29 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 620433104.