ESOP · DOL Form 5500 · 2023
Libra Industries, Inc. of Michigan ESOP
Data updated 2026-08-11
- $13M
- Total assets
- 36
- Participants
- 64th
- Percentile by assets
- $361,948
- Avg per participant
Official DOL plan name: Libra Industries, Inc. of Michigan Employee Stock Ownership Plan · Sponsored by Libra Industries, Inc. of Michigan · Michigan · Professional & Technical Services
$13M in assets, 36 participants
Libra Industries, Inc. of Michigan's Libra Industries, Inc. of Michigan Employee Stock Ownership Plan reported $13M in total assets and 36 participants in its 2023 DOL Form 5500 filing, ranking in the 64th 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.
- 64th percentile by assets (of 127,072 plans)
- #12,905 in Professional & Technical Services (20,321 peers)
Libra Industries, Inc. of Michigan multi-year trail
Libra Industries, Inc. of Michigan's plans moved +70.7% in assets from 2022 to 2024; this filing shows Libra Industries, Inc. of Michigan Employee Stock Ownership Plan at $13M / 36 participants.
- $13M
- total plan assets (2023 EOY)
- 36
- covered participants
- 64th
- percentile by assets (of 127,072 plans)
- $361,948
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Libra Industries, Inc. of Michigan Employee Stock Ownership Plan reported net income rose from $625K in the plan year 2022 filing to $3M in the plan year 2023 filing.
- Libra Industries, Inc. of Michigan Employee Stock Ownership Plan end-of-year assets rose from $10M in the plan year 2022 filing to $13M in the plan year 2023 filing.
- Libra Industries, Inc. of Michigan Employee Stock Ownership Plan reported participants fell from 41 in the plan year 2022 filing to 36 in the plan year 2023 filing.
Libra Industries, Inc. of Michigan across 3 plan years on file
Across the 3 plan years Libra Industries, Inc. of Michigan has on file (2022-2024), sponsor-wide plan assets have moved from $10M to $17M, a gain of 70.7%, while reported participants moved from 41 to 47 (+14.6%). Peak year by sponsor assets: 2024 ($17M); trough: 2022 ($10M).
Libra Industries, Inc. of Michigan multi-year asset trail
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 41 | $10M |
| 2023 | 1 | 36 | $13M |
| 2024 | 1 | 47 | $17M |
Libra Industries, Inc. of Michigan filing trail (2023)
| Total Assets (Beginning of Year) | $10M |
|---|---|
| Net Assets (End of Year) | $7M |
| Net Income | $3M |
| Employer EIN | 381894102 |
| Plan Effective Date | 1985-04-01 |
| Filing Status | FILING RECEIVED |
Nearby ESOP Plans in Michigan
Peer ESOP plans, same state, same plan type, ranked by total assets.
Libra Industries, Inc. of Michigan Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
- Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan $1.3B · 1,635
- The Kendall Group Employee Stock Ownership Plan $808M · 1,907
- Project Worldwide, Inc. Employee Stock Ownership Plan $436M · 1,173
- Motor City Electric Co. Employee Stock Ownership Plan $258M · 207
- Lee Contracting, Inc. Employee Stock Ownership Plan $238M · 500
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Libra Industries, Inc. of Michigan Employee Stock Ownership Plan by total assets, not by location.
Frequently Asked Questions
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Multi-year trail
Ways to act on Libra Industries, Inc. of Michigan Employee Stock Ownership Plan's numbers.
- By total assets, Libra Industries, Inc. of Michigan Employee Stock Ownership Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Michigan. Compare plans
- Libra Industries, Inc. of Michigan's sponsor-wide assets have grown 70.7% since 2022 across 3 plan years on file. More Professional & Technical Services plans