ESOP · DOL Form 5500 · 2023

Ideal Fabricators, Inc. ESOP

Data updated 2026-08-25

$7M
Total assets Small plan by assets
70
Participants Small participant base
52nd
Percentile by assets National rank
$104,143
Avg per participant Below avg balance/head
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Official DOL plan name: Ideal Fabricators Holdings, Inc. Employee Stock Ownership Plan · Sponsored by Ideal Fabricators, Inc. · Michigan · Manufacturing

$7M in assets, 70 participants

Ideal Fabricators, Inc.'s Ideal Fabricators Holdings, Inc. Employee Stock Ownership Plan reported $7M in total assets and 70 participants in its 2023 DOL Form 5500 filing, ranking in the 52nd 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.

  • #6,804 in Manufacturing (18,722 peers)

Ideal Fabricators, Inc. multi-year trail

Ideal Fabricators, Inc.'s plans moved +44.1% in assets from 2022 to 2024; this filing shows Ideal Fabricators Holdings, Inc. Employee Stock Ownership Plan at $7M / 70 participants.

#6,804
in Manufacturing (18,722 peers)
+79.6%
assets growth YoY

Ideal Fabricators Holdings, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Manufacturing and all filers

Ideal Fabricators Holdings, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$7,290,015 Top 48% higher than 52% 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

Ideal Fabricators Holdings, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Ideal Fabricators Holdings, Inc. Employee Stock Ownership Plan is a small filing (70 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Ideal Fabricators Holdings, Inc. Employee Stock Ownership Plan reported net income rose from -$18M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Ideal Fabricators Holdings, Inc. Employee Stock Ownership Plan end-of-year assets rose from $4M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Ideal Fabricators Holdings, Inc. Employee Stock Ownership Plan reported participants rose from 66 in the plan year 2022 filing to 70 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 382514537 · Ideal Fabricators, Inc. PY 2023 · ESOP

Ideal Fabricators Holdings, Inc. Employee Stock Ownership Plan · $7M · 70 · 52nd

  • IND $7M
  • IND 70
  • IND 52nd
  • IND ESOP
  • IND near Cooper Roofing & Solar, Inc. Employee Stock Ownership Plan
  • IND ind #6804

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 →

Ideal Fabricators Holdings, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Cooper Roofing & Solar, Inc. Employee Stock Ownership PlanCooper Roofing & Solar, Inc.…$7MUsi Employee Stock Ownership PlanUsi Employee Stock Ownership…$7MIdeal Fabricators Holdings, Inc. Employee Stock Ownership PlanIdeal Fabricators Holdings, …$7MD Square Construction, LLC Employee Stock Ownership PlanD Square Construction, LLC E…$7MSpencer Enterprises, Inc. Employee Stock Ownership PlanSpencer Enterprises, Inc. Em…$7M
End-of-year total assets ($M) among Ideal Fabricators Holdings, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Ideal Fabricators, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Ideal Fabricators, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$12M 44.089209030015894% vs 2022
2024 filing year
$6M$8M$10M$12M$14M 202220232024 $8.12M $11.7M ▲ +44.1%
Year Plans Participants Total Assets
2022 2 132 $8M
2023 1 70 $7M
2024 1 68 $12M

Ideal Fabricators, Inc. filing trail (2023)

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)-$13M
Net Income$4M
Employer EIN382514537
Plan Effective Date2021-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Michigan

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

Ideal Fabricators Holdings, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants Scatter plot of 6 data points. -5000500100015002000 -0.500.511.5 Total assets ($B) Participants Ideal Fabricators Holdings, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.007290015 · Participants: 70Ideal Fabricators Holdings, Inc. 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
Ideal Fabricators Holdings, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Ideal Fabricators Holdings, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Ideal Fabricators Holdings, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Michigan, the nearest ESOP by assets is Cooper Roofing & Solar, Inc. Employee Stock Ownership Plan in NV ($7M); by covered participants it is Amended and Restated Affinity Bank Employee Stock Ownership Plan in GA (70 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (70 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 Ideal Fabricators Holdings, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Ideal Fabricators Holdings, Inc. Employee Stock Ownership Plan surged - up 79.6% during 2023, from $4M to $7M. Reported net income was $4M.
How have Ideal Fabricators, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Ideal Fabricators, Inc.'s sponsor-wide assets grew 44.1%, from $8M to $12M.
Which ESOP plans are similar in size to Ideal Fabricators Holdings, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Cooper Roofing & Solar, Inc. Employee Stock Ownership Plan in NV ($7M, 312 participants).
Which ESOP plans cover a similar participant headcount to Ideal Fabricators Holdings, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Amended and Restated Affinity Bank Employee Stock Ownership Plan in GA (70 participants, $9M 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 382514537.

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.