ESOP · DOL Form 5500 · 2023

Pems Holdings, Inc. ESOP

Data updated 2026-08-11

$35M
Total assets
119
Participants
81st
Percentile by assets
$294,160
Avg per participant
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Official DOL plan name: Pems Employee Stock Ownership Plan · Sponsored by Pems Holdings, Inc. · Michigan · Manufacturing

$35M in assets, 119 participants

Pems Holdings, Inc.'s Pems Employee Stock Ownership Plan reported $35M in total assets and 119 participants in its 2023 DOL Form 5500 filing, ranking in the 81st 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.

  • 81st percentile by assets (of 127,072 plans)
  • #13,791 in Manufacturing (18,722 peers)

Coverage in Michigan

Pems Employee Stock Ownership Plan covers 119 participants in Michigan, about 19% of the average Michigan filer (state average ~638 per filing). Assets: $35M.

$35M
total plan assets (2023 EOY)
119
covered participants
81st
percentile by assets (of 127,072 plans)
$294,160
avg assets per participant

Where Pems Employee Stock Ownership Plan sits by total assets

Pems Employee Stock Ownership Plan vs every filed plan by assets

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

$35,005,036 Top 19% higher than 81% of 127,068 filed plans

This plan $0 $2,010,000,000 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 2023

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Pems Employee Stock Ownership Plan reported participants rose from 15 in the plan year 2022 filing to 119 in the plan year 2023 filing.
  • Pems Employee Stock Ownership Plan reported net income rose from -$32M in the plan year 2022 filing to $15M in the plan year 2023 filing.
  • Pems Employee Stock Ownership Plan end-of-year assets rose from $22M in the plan year 2022 filing to $35M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Michigan
Industry
Manufacturing

Participants vs Michigan filers

In Michigan, the average filing covers about 638 participants across 4,220 plans. Pems Employee Stock Ownership Plan reports 119 participants - about 19% of that state average ($35M EOY assets).

Michigan filing particulars

Total Assets (Beginning of Year)$22M
Net Assets (End of Year)-$16M
Net Income$15M
Employer EIN874755699
Plan Effective Date2021-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Pems Holdings, Inc.)

$20M$30M$40M$50M 202220232024 $22.4M $39.6M ▲ +77.0%
Total plan assets by year, all Pems Holdings, Inc. plans on file
Year Plans Participants Total Assets
2022 1 15 $22M
2023 1 119 $35M
2024 1 123 $40M

Nearby ESOP Plans in Michigan

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

Pems 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 ($B) Participants Pems Employee Stock …, Total assets ($B): 0.035005036 · Participants: 119Pems Employee Stock …Mcnaughton-Mckay Ele…, Total assets ($B): 1.30777109 · Participants: 1635Mcnaughton-Mckay Ele…The Kendall Group Em…, Total assets ($B): 0.808091077 · Participants: 1907The Kendall Group Em…Project Worldwide, I…, Total assets ($B): 0.436210284 · Participants: 1173Project Worldwide, I…Motor City Electric …, Total assets ($B): 0.258079249 · Participants: 207Motor City Electric …Lee Contracting, Inc…, Total assets ($B): 0.237688318 · Participants: 500Lee Contracting, Inc…
Pems Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Pems Employee Stock Ownership Plan side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Pems Employee Stock Ownership Plan by total assets, not by location.

Frequently Asked Questions

How did Pems Employee Stock Ownership Plan assets move in 2023? ▼
Pems Employee Stock Ownership Plan surged - up 56.3% during 2023, from $22M to $35M. Reported net income was $15M.
How have Pems Holdings, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Pems Holdings, Inc.'s sponsor-wide assets grew 76.9%, from $22M to $40M.
Where does Pems Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Pems Employee Stock Ownership Plan ranks in the 81st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Pems Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Brait Builders Corporation Employee Stock Ownership Plan in MA ($35M, 18 participants).

Next read for Pems Employee Stock Ownership Plan

Filing takeaways

Ways to act on Pems Employee Stock Ownership Plan's numbers.

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 874755699.

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.