ESOP · DOL Form 5500 · 2023
Buist Electric Inc ESOP
Data updated 2026-08-11
- $51M
- Total assets
- 396
- Participants
- 86th
- Percentile by assets
- $129,194
- Avg per participant
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.
- 86th percentile by assets (of 127,072 plans)
- #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.
- $51M
- total plan assets (2023 EOY)
- 396
- covered participants
- 86th
- percentile by assets (of 127,072 plans)
- $129,194
- avg assets per participant
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.
Buist Electric Inc Employee Stock Ownership Plan vs the 2023 asset distribution
By assets, Buist Electric Inc Employee Stock Ownership Plan outranks 86% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.5x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $48M |
|---|---|
| Net Assets (End of Year) | $51M |
| Net Income | $4M |
| Employer EIN | 382177580 |
| Plan Effective Date | 2005-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Buist Electric Inc)
| 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
- 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
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Buist Electric Inc Employee Stock Ownership Plan by total assets, not by location.
Frequently Asked Questions
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How have Buist Electric Inc plan assets changed over time? ▼
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Next read for Buist Electric Inc Employee Stock Owners…
Scale reading
Ways to act on Buist Electric Inc Employee Stock Ownership Plan's numbers.
- By total assets, Buist Electric Inc Employee Stock Ownership Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Michigan. Compare plans
- Buist Electric Inc's sponsor-wide assets have grown 37.2% since 2022 across 3 plan years on file. More Construction plans