ESOP · DOL Form 5500 · 2023

Buist Electric Inc ESOP

Data updated 2026-08-25

$51M
Total assets Below avg plan size
396
Participants Below avg headcount
86th
Percentile by assets National rank
$129,194
Avg per participant Near avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Buist Electric Inc Employee Stock Ownership Plan · Sponsored by Buist Electric Inc · Michigan · Construction

$51M in assets, 396 participants

Buist Electric Inc's Buist Electric Inc Employee Stock Ownership Plan reported $51M in total assets and 396 participants in its 2023 DOL Form 5500 filing, ranking in the 86th 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.

  • #7,554 in Construction (9,030 peers)

Where Buist Electric Inc Employee Stock Ownership Plan sits by assets

Buist Electric Inc Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $51M for 396 participants (~$129,194/participant), up 7.5% in 2023.

#7,554
in Construction (9,030 peers)
+7.5%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Buist Electric Inc Employee Stock Ownership Plan's outsized position by total assets

Buist Electric Inc Employee Stock Ownership Plan vs every filed plan by assets

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

$51,160,827 Top 14% higher than 86% 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

Buist Electric Inc 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. Buist Electric Inc Employee Stock Ownership Plan sits mid-pack in the medium band (396 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Buist Electric Inc Employee Stock Ownership Plan reported net income fell from $4M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Buist Electric Inc Employee Stock Ownership Plan end-of-year assets rose from $48M in the plan year 2022 filing to $51M in the plan year 2023 filing.
  • Buist Electric Inc Employee Stock Ownership Plan reported participants rose from 377 in the plan year 2022 filing to 396 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 382177580 · Buist Electric Inc PY 2023 · ESOP

Buist Electric Inc Employee Stock Ownership Plan · $51M · 396 · 86th

  • PCT $51M
  • PCT 396
  • PCT 86th
  • PCT ESOP
  • PCT near Flynn Burner Corporation Employee Stock Ownership Plan & Trust
  • PCT ind #7554

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 →

Buist Electric Inc Employee Stock Ownership Plan in the asset neighbourhood

Ferguson Electric Employee Stock Ownership PlanFerguson Electric Employee S…$51MHamilton Point Investments ESOPHamilton Point Investments E…$51MValsource, Inc. Employee Stock Ownership PlanValsource, Inc. Employee Sto…$51MFlynn Burner Corporation Employee Stock Ownership Plan & TrustFlynn Burner Corporation Emp…$51MBuist Electric Inc Employee Stock Ownership PlanBuist Electric Inc Employee …$51M
End-of-year total assets ($M) among Buist Electric Inc Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$48M
Net Assets (End of Year)$51M
Net Income$4M
Employer EIN382177580
Plan Effective Date2005-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Buist Electric Inc)

Sponsor-wide plan assets over time

All Buist Electric Inc plans reported in each filing year

Latest sponsor-wide plan assets
$139M 37.193490278553675% vs 2022
2024 filing year
$80M$100M$120M$140M$160M 202220232024 $101M $139M ▲ +37.2%
Year Plans Participants Total Assets
2022 2 762 $101M
2023 2 803 $115M
2024 2 876 $139M

Nearby ESOP Plans in Michigan

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

Buist Electric Inc 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 ($B) Participants Buist Electric Inc Employee Stock Ownership Plan, Total assets ($B): 0.051160827 · Participants: 396Buist Electric 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
Buist Electric Inc Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Buist Electric Inc Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Michigan, the nearest ESOP by assets is Flynn Burner Corporation Employee Stock Ownership Plan & Trust in NC ($51M); by covered participants it is Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust in AZ (396 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (396 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 Buist Electric Inc Employee Stock Ownership Plan assets move in 2023? ▼
Buist Electric Inc Employee Stock Ownership Plan grew at a solid clip - up 7.5% during 2023, from $48M to $51M. Reported net income was $4M.
How have Buist Electric Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Buist Electric Inc's sponsor-wide assets grew 37.2%, from $101M to $139M.
Where does Buist Electric Inc Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Buist Electric Inc Employee Stock Ownership Plan ranks in the 86th 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 Buist Electric Inc Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Flynn Burner Corporation Employee Stock Ownership Plan & Trust in NC ($51M, 50 participants).
Which ESOP plans cover a similar participant headcount to Buist Electric Inc Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Cannon & Wendt Electric Co., Inc. Employee Stock Ownership Plan and Trust in AZ (396 participants, $82M 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 382177580.

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.