ESOP · DOL Form 5500 · 2022
Motor City Electric Co. ESOP
Data updated 2026-08-11
- $191M
- Total assets
- 209
- Participants
- 95th
- Percentile by assets
- $914,322
- Avg per participant
Official DOL plan name: Motor City Electric Co. Employee Stock Ownership Plan · Sponsored by Motor City Electric Co. · Michigan · Construction
$191M in assets, 209 participants
Motor City Electric Co.'s Motor City Electric Co. Employee Stock Ownership Plan reported $191M in total assets and 209 participants in its 2022 DOL Form 5500 filing, ranking in the 95th 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.
- 95th percentile by assets (of 139,126 plans)
- #9,405 in Construction (9,927 peers)
Coverage in Michigan
Motor City Electric Co. Employee Stock Ownership Plan covers 209 participants in Michigan, about 33% of the average Michigan filer (state average ~638 per filing). Assets: $191M.
- $191M
- total plan assets (2022 EOY)
- 209
- covered participants
- 95th
- percentile by assets (of 139,126 plans)
- $914,322
- avg assets per participant
Participants vs Michigan filers
In Michigan, the average filing covers about 638 participants across 4,220 plans. Motor City Electric Co. Employee Stock Ownership Plan reports 209 participants - about 33% of that state average ($191M EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $147M |
|---|---|
| Net Assets (End of Year) | $181M |
| Net Income | $44M |
| Employer EIN | 381405142 |
| Plan Effective Date | 2018-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Motor City Electric Co.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 403 | $232M |
| 2023 | 2 | 420 | $306M |
| 2024 | 2 | 439 | $466M |
Nearby ESOP Plans in Michigan
Peer ESOP plans, same state, same plan type, ranked by total assets.
Motor City Electric Co. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
- Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan $1.1B · 1,155
- The Kendall Group Employee Stock Ownership Plan $726M · 1,817
- Project Worldwide, Inc. Employee Stock Ownership Plan $395M · 977
- Bandit Holding Company, Inc. Employee Stock Ownership Plan $182M · 591
- National Nail Corp. Employee Stock Ownership Plan $174M · 170
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Motor City Electric Co. Employee Stock Ownership Plan by total assets, not by location.
Frequently Asked Questions
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Filing takeaways
Ways to act on Motor City Electric Co. Employee Stock Ownership Plan's numbers.
- By total assets, Motor City Electric Co. Employee Stock Ownership Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Michigan. Compare plans
- Motor City Electric Co.'s sponsor-wide assets have grown 100.5% since 2022 across 3 plan years on file. More Construction plans