ESOP · DOL Form 5500 · 2023
Spence Brothers ESOP
Data updated 2026-08-25
- $6M
- Total assets Small plan by assets
- 45
- Participants Small participant base
- 47th
- Percentile by assets National rank
- $130,575
- Avg per participant Near avg balance/head
Official DOL plan name: Spence Brothers Employee Stock Ownership Plan · Sponsored by Spence Brothers · Michigan · Construction
$6M in assets, 45 participants
Spence Brothers's Spence Brothers Employee Stock Ownership Plan reported $6M in total assets and 45 participants in its 2023 DOL Form 5500 filing, ranking in the 47th 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.
- #4,125 in Construction (9,030 peers)
Spence Brothers multi-year trail
Spence Brothers's plans moved +146.9% in assets from 2022 to 2024; this filing shows Spence Brothers Employee Stock Ownership Plan at $6M / 45 participants.
- #4,125
- in Construction (9,030 peers)
- +37.1%
- assets growth YoY
Spence Brothers Employee Stock Ownership Plan's mid-pack asset rank among Construction and all filers
Spence Brothers Employee Stock Ownership Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$5,875,862 47th percentile higher than 47% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Spence Brothers 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. Spence Brothers Employee Stock Ownership Plan is a small filing (45 participants) on this national headcount ladder.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Spence Brothers Employee Stock Ownership Plan reported net income rose from -$4M in the plan year 2022 filing to $3M in the plan year 2023 filing.
- Spence Brothers Employee Stock Ownership Plan end-of-year assets rose from $4M in the plan year 2022 filing to $6M in the plan year 2023 filing.
- Spence Brothers Employee Stock Ownership Plan reported participants rose from 44 in the plan year 2022 filing to 45 in the plan year 2023 filing.
DOL schedule card
Filing strip 381055820 · Spence Brothers PY 2023 · ESOP
Spence Brothers Employee Stock Ownership Plan · $6M · 45 · 47th
- SCH $6M
- EBSA 45
- PART 47th
- TYPE ESOP
- NET near The American National Bank of Beaver Dam Employee Stock Ownership Plan
- BOOK ind #4125
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 →
Spence Brothers Employee Stock Ownership Plan in the asset neighbourhood
Spence Brothers multi-year asset trail
Sponsor-wide plan assets over time
All Spence Brothers plans reported in each filing year
- Latest sponsor-wide plan assets
- $11M 146.94113589953224% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 44 | $4M |
| 2023 | 1 | 45 | $6M |
| 2024 | 1 | 56 | $11M |
Spence Brothers filing trail (2023)
| Total Assets (Beginning of Year) | $4M |
|---|---|
| Net Assets (End of Year) | -$200K |
| Net Income | $3M |
| Employer EIN | 381055820 |
| Plan Effective Date | 2021-01-01 |
| Filing Status | FILING RECEIVED |
Nearby ESOP Plans in Michigan
Peer ESOP plans, same state, same plan type, ranked by total assets.
- 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
Spence Brothers Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount
Outside Michigan, the nearest ESOP by assets is The American National Bank of Beaver Dam Employee Stock Ownership Plan in WI ($6M); by covered participants it is Adams Management Employee Stock Ownership Plan in GA (45 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($6M here).
- The American National Bank of Beaver Dam Employee Stock Ownership Plan (WI) $6M · 32
- Hallmark Inns & Resorts, Inc. Employee Stock Ownership Plan (OR) $6M · 234
- World Block, Inc. Employee Stock Ownership Plan (MN) $6M · 19
- Standard Offset Printing Co., Inc. Employee Stock Ownership Plan (PA) $6M · 110
Similar participant headcount
Nearest other-state filings by covered participants (45 participants); asset peers above are excluded.
- Adams Management Employee Stock Ownership Plan (GA) 45 · 0 off
- Dmb Corporation, Inc. ESOP (WI) 45 · 0 off
- Intrust It Employee Stock Ownership Plan (OH) 45 · 0 off
- Dix.Hite ESOP and Trust (FL) 45 · 0 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.