ESOP · DOL Form 5500 · 2023

Mgc Contractors, Inc. ESOP

Data updated 2026-08-11

$35M
Total assets
226
Participants
81st
Percentile by assets
$156,406
Avg per participant
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Official DOL plan name: Mgc Contractors, Inc. Employee Stock Ownership Plan · Sponsored by Mgc Contractors, Inc. · Arizona · Construction

$35M in assets, 226 participants

Mgc Contractors, Inc.'s Mgc Contractors, Inc. Employee Stock Ownership Plan reported $35M in total assets and 226 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.

  • 81st percentile by assets (of 127,072 plans)
  • #7,208 in Construction (9,030 peers)

Coverage in Arizona

Mgc Contractors, Inc. Employee Stock Ownership Plan covers 226 participants in Arizona, about 40% of the average Arizona filer (state average ~564 per filing). Assets: $35M.

$35M
total plan assets (2023 EOY)
226
covered participants
81st
percentile by assets (of 127,072 plans)
$156,406
avg assets per participant

Where Mgc Contractors, Inc. Employee Stock Ownership Plan sits by total assets

Mgc Contractors, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$35,347,765 Top 19% higher than 81% of 127,068 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Mgc Contractors, Inc. Employee Stock Ownership Plan reported net income fell from $4M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Mgc Contractors, Inc. Employee Stock Ownership Plan reported participants rose from 200 in the plan year 2022 filing to 226 in the plan year 2023 filing.
  • Mgc Contractors, Inc. Employee Stock Ownership Plan end-of-year assets rose from $33M in the plan year 2022 filing to $35M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Arizona
Industry
Construction

Participants vs Arizona filers

In Arizona, the average filing covers about 564 participants across 2,304 plans. Mgc Contractors, Inc. Employee Stock Ownership Plan reports 226 participants - about 40% of that state average ($35M EOY assets).

Arizona filing particulars

Total Assets (Beginning of Year)$33M
Net Assets (End of Year)$33M
Net Income$3M
Employer EIN860443028
Plan Effective Date2016-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mgc Contractors, Inc.)

$40M$50M$60M$70M 202220232024 $44.9M $62.6M ▲ +39.5%
Total plan assets by year, all Mgc Contractors, Inc. plans on file
Year Plans Participants Total Assets
2022 2 423 $45M
2023 2 480 $50M
2024 2 542 $63M

Nearby ESOP Plans in Arizona

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

Mgc Contractors, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Arizona, assets vs. participants Scatter plot of 6 data points. -50000500010000150002000025000 -0.500.511.5 Total assets ($B) Participants Mgc Contractors, Inc…, Total assets ($B): 0.035347765 · Participants: 226Mgc Contractors, Inc…The Sundt Companies …, Total assets ($B): 1.064355538 · Participants: 2392The Sundt Companies …U-Haul Holding Compa…, Total assets ($B): 0.61854692 · Participants: 19740U-Haul Holding Compa…Spencer's Air Condit…, Total assets ($B): 0.313228026 · Participants: 253Spencer's Air Condit…Pima Medical Institu…, Total assets ($B): 0.216174467 · Participants: 1057Pima Medical Institu…Wilson Electric Serv…, Total assets ($B): 0.167298665 · Participants: 726Wilson Electric Serv…
Mgc Contractors, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Arizona, assets vs. participants
Compare Mgc Contractors, Inc. Employee Stock Own… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Mgc Contractors, Inc. Employee Stock Ownership Plan by total assets, not by location.

Frequently Asked Questions

How did Mgc Contractors, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Mgc Contractors, Inc. Employee Stock Ownership Plan grew at a solid clip - up 7.5% during 2023, from $33M to $35M. Reported net income was $3M.
How have Mgc Contractors, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mgc Contractors, Inc.'s sponsor-wide assets grew 39.5%, from $45M to $63M.
Where does Mgc Contractors, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Mgc Contractors, Inc. 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 Mgc Contractors, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Flywheel Employee Stock Ownership Plan in WI ($35M, 358 participants).

Next read for Mgc Contractors, Inc. Employee Stock Own…

Filing takeaways

Ways to act on Mgc Contractors, Inc. Employee Stock Ownership Plan's numbers.

  • By total assets, Mgc Contractors, 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 Arizona. Compare plans
  • Mgc Contractors, Inc.'s sponsor-wide assets have grown 39.5% since 2022 across 3 plan years on file. More Construction plans

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 860443028.

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.