ESOP · DOL Form 5500 · 2022

Motor City Electric Co. ESOP

Data updated 2026-08-25

$191M
Total assets Near avg plan size
209
Participants Below avg headcount
95th
Percentile by assets National rank
$914,322
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#9,405
in Construction (9,927 peers)
+29.6%
assets growth YoY
1.9×
vs typical plan assets (national mean)

Motor City Electric Co. Employee Stock Ownership Plan's outsized position by total assets

Motor City Electric Co. Employee Stock Ownership Plan vs every filed plan by assets

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

$191,093,331 Top 5% higher than 95% 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

Motor City Electric Co. 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. Motor City Electric Co. Employee Stock Ownership Plan sits mid-pack in the medium band (209 participants).

DOL schedule card

Filing strip 381405142 · Motor City Electric Co. PY 2022 · ESOP

Motor City Electric Co. Employee Stock Ownership Plan · $191M · 209 · 95th

  • TYPE $191M
  • TYPE 209
  • TYPE 95th
  • TYPE ESOP
  • TYPE near Hometown Community Bancorp, Inc. Employee Stock Ownership Plan & Trust
  • TYPE ind #9405

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 →

Motor City Electric Co. Employee Stock Ownership Plan in the asset neighbourhood

David Clark Employee Stock Ownership PlanDavid Clark Employee Stock O…$192MMotor City Electric Co. Employee Stock Ownership PlanMotor City Electric Co. Empl…$191MHometown Community Bancorp, Inc. Employee Stock Ownership Plan & TrustHometown Community Bancorp, …$191MPima Medical Institute Employee Stock Ownership PlanPima Medical Institute Emplo…$190MUnited States Sugar Corporation - ESOP Ownership PlanUnited States Sugar Corporat…$190M
End-of-year total assets ($M) among Motor City Electric Co. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Michigan filing particulars

Total Assets (Beginning of Year)$147M
Net Assets (End of Year)$181M
Net Income$44M
Employer EIN381405142
Plan Effective Date2018-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Motor City Electric Co.)

Sponsor-wide plan assets over time

All Motor City Electric Co. plans reported in each filing year

Latest sponsor-wide plan assets
$466M 100.51808230060202% vs 2022
2024 filing year
$200M$300M$400M$500M 202220232024 $232M $466M ▲ +100.5%
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 Scatter plot of 6 data points. 0500100015002000 00.20.40.60.811.2 Total assets ($B) Participants Motor City Electric Co. Employee Stock Ownership Plan, Total assets ($B): 0.191093331 · Participants: 209Motor City Electric Co. 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 ($B): 0.394784403 · Participants: 977Project Worldwide, Inc. Employee Stock Ownership PlanBandit Holding Company, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.181896 · Participants: 591Bandit Holding Company, Inc. Employee Stock Ownership PlanNational Nail Corp. Employee Stock Ownership Plan, Total assets ($B): 0.173820742 · Participants: 170National Nail Corp. Employee Stock Ownership Plan
Motor City Electric Co. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Motor City Electric Co. Employee Stock Ownership Plan side-by-side with 3 peers →

Motor City Electric Co. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Michigan, the nearest ESOP by assets is Hometown Community Bancorp, Inc. Employee Stock Ownership Plan & Trust in IL ($191M); by covered participants it is Avion Solutions, Inc. Employee Stock Ownership Plan in AL (209 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (209 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 Motor City Electric Co. Employee Stock Ownership Plan assets move in 2022? ▼
Motor City Electric Co. Employee Stock Ownership Plan grew sharply - up 29.6% during 2022, from $147M to $191M. Reported net income was $44M.
How have Motor City Electric Co. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Motor City Electric Co.'s sponsor-wide assets grew 100.5%, from $232M to $466M.
Where does Motor City Electric Co. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Motor City Electric Co. Employee Stock Ownership Plan ranks in the 95th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which ESOP plans are similar in size to Motor City Electric Co. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Hometown Community Bancorp, Inc. Employee Stock Ownership Plan & Trust in IL ($191M, 441 participants).
Which ESOP plans cover a similar participant headcount to Motor City Electric Co. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Avion Solutions, Inc. Employee Stock Ownership Plan in AL (209 participants, $52M 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 381405142.

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.