ESOP · DOL Form 5500 · 2023

Pems Holdings, Inc. ESOP

Data updated 2026-08-25

$35M
Total assets Below avg plan size
119
Participants Small participant base
81st
Percentile by assets National rank
$294,160
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#13,791
in Manufacturing (18,722 peers)
+56.3%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Pems Employee Stock Ownership Plan's outsized position 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 $2,050,000,000 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 2023

Pems Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Pems Employee Stock Ownership Plan sits mid-pack in the medium band (119 participants).

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 →

Published 5500 schedule card

Filing strip 874755699 · Pems Holdings, Inc. PY 2023 · ESOP

Pems Employee Stock Ownership Plan · $35M · 119 · 81st

  • EIN $35M
  • RANK 119
  • PHOTO 81st
  • IND ESOP
  • EOY near Brait Builders Corporation Employee Stock Ownership Plan
  • 5500 ind #13791

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 →

Pems Employee Stock Ownership Plan in the asset neighbourhood

G.W. Berkheimer Co. Inc. Employee Stock Ownership PlanG.W. Berkheimer Co. Inc. Emp…$35MThe Murphy Construction Group Employee Stock Ownership PlanThe Murphy Construction Grou…$35MFisher Tank Company Employee Stock Ownership PlanFisher Tank Company Employee…$35MPems Employee Stock Ownership PlanPems Employee Stock Ownershi…$35MBrait Builders Corporation Employee Stock Ownership PlanBrait Builders Corporation E…$35M
End-of-year total assets ($M) among Pems Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

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.)

Sponsor-wide plan assets over time

All Pems Holdings, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$40M 76.94279381894346% vs 2022
2024 filing year
$20M$30M$40M$50M 202220232024 $22.4M $39.6M ▲ +77.0%
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 ($B) Participants Pems Employee Stock Ownership Plan, Total assets ($B): 0.035005036 · Participants: 119Pems Employee Stock Ownership PlanMcnaughton-Mckay Electric Company Employee Stock Ownership Plan, Total assets ($B): 1.30777109 · Participants: 1635Mcnaughton-Mckay Electric Company Employee Stock Ownership PlanThe Kendall Group Employee Stock Ownership Plan, Total assets ($B): 0.808091077 · Participants: 1907The Kendall Group Employee Stock Ownership PlanProject Worldwide, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.436210284 · Participants: 1173Project Worldwide, Inc. Employee Stock Ownership PlanMotor City Electric Co. Employee Stock Ownership Plan, Total assets ($B): 0.258079249 · Participants: 207Motor City Electric Co. Employee Stock Ownership PlanLee Contracting, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.237688318 · Participants: 500Lee Contracting, Inc. Employee Stock Ownership Plan
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 →

Pems Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Michigan, the nearest ESOP by assets is Brait Builders Corporation Employee Stock Ownership Plan in MA ($35M); by covered participants it is Gold Coast Ingredients, Inc. ESOP in CA (119 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (119 participants); asset peers above are excluded.

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 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).
Which ESOP plans cover a similar participant headcount to Pems Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Gold Coast Ingredients, Inc. ESOP in CA (119 participants, $2M 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 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.