ESOP · DOL Form 5500 · 2023

Gear Motions, Inc. ESOP

Data updated 2026-08-25

$7M
Total assets Small plan by assets
84
Participants Small participant base
52nd
Percentile by assets National rank
$87,594
Avg per participant Below avg balance/head
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Official DOL plan name: Gear Motions, Inc. Employee Stock Ownership Plan · Sponsored by Gear Motions, Inc. · New York · Manufacturing

$7M in assets, 84 participants

Gear Motions, Inc.'s Gear Motions, Inc. Employee Stock Ownership Plan reported $7M in total assets and 84 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.

  • #6,849 in Manufacturing (18,722 peers)

2023 asset change

Gear Motions, Inc. Employee Stock Ownership Plan pulled back noticeably 8.1% in 2023 ($8M → $7M) for 84 participants.

#6,849
in Manufacturing (18,722 peers)
-8.1%
assets change YoY

The plan reported a net loss of $407K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Gear Motions, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Manufacturing and all filers

Gear Motions, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$7,357,921 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

Gear Motions, 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. Gear Motions, Inc. Employee Stock Ownership Plan is a small filing (84 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Gear Motions, Inc. Employee Stock Ownership Plan reported net income fell from -$287K in the plan year 2022 filing to -$407K in the plan year 2023 filing.
  • Gear Motions, Inc. Employee Stock Ownership Plan reported participants rose from 73 in the plan year 2022 filing to 84 in the plan year 2023 filing.
  • Gear Motions, Inc. Employee Stock Ownership Plan end-of-year assets fell from $8M in the plan year 2022 filing to $7M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 042518333 · Gear Motions, Inc. PY 2023 · ESOP

Gear Motions, Inc. Employee Stock Ownership Plan · $7M · 84 · 52nd

  • NET $7M
  • NET 84
  • NET 52nd
  • NET ESOP
  • NET near Metric Manufacturing Company, Inc. Employee Stock Ownership Plan
  • NET ind #6849

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 New York →

Gear Motions, Inc. Employee Stock Ownership Plan in the asset neighbourhood

M. Dyer & Sons, Inc. Employee Stock Ownership PlanM. Dyer & Sons, Inc. Employe…$7MRhi Employee Stock Ownership PlanRhi Employee Stock Ownership…$7MGear Motions, Inc. Employee Stock Ownership PlanGear Motions, Inc. Employee …$7MMetric Manufacturing Company, Inc. Employee Stock Ownership PlanMetric Manufacturing Company…$7MKrb Machinery Company Employee Stock Ownership PlanKrb Machinery Company Employ…$7M
End-of-year total assets ($M) among Gear Motions, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Gear Motions, Inc. years around the 2023 move

Sponsor-wide plan assets over time

All Gear Motions, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$8M 3.088550717488537% vs 2022
2024 filing year
$7.2M$7.4M$7.6M$7.8M$8M$8.2M 202220232024 $8.01M $7.76M ▼ -3.1%
Year Plans Participants Total Assets
2022 1 73 $8M
2023 1 84 $7M
2024 1 75 $8M

2023 asset-move particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$4M
Net Income-$407K
Employer EIN042518333
Plan Effective Date2005-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in New York

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

Gear Motions, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in New York, assets vs. participants Scatter plot of 6 data points. -1000010002000300040005000 -20002004006008001000 Total assets ($M) Participants Gear Motions, Inc. Employee Stock Ownership Plan, Total assets ($M): 7.357921 · Participants: 84Gear Motions, Inc. Employee Stock Ownership PlanStewart's Shops Corp Employee Stock Ownership Plan, Total assets ($M): 876.57583 · Participants: 3439Stewart's Shops Corp Employee Stock Ownership PlanNorth Coast Holdings Employee Stock Ownership Plan, Total assets ($M): 406.002646 · Participants: 4467North Coast Holdings Employee Stock Ownership PlanGriffon Corporation Employee Stock Ownership Plan, Total assets ($M): 298.738533 · Participants: 3674Griffon Corporation Employee Stock Ownership PlanGreenman-Pedersen, Inc. Employee Stock Ownership Plan, Total assets ($M): 247.681611 · Participants: 1704Greenman-Pedersen, Inc. Employee Stock Ownership PlanH.C. Wainwright & Co. Employee Stock Ownership Plan, Total assets ($M): 241.736533 · Participants: 93H.C. Wainwright & Co. Employee Stock Ownership Plan
Gear Motions, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in New York, assets vs. participants
Compare Gear Motions, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Gear Motions, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside New York, the nearest ESOP by assets is Metric Manufacturing Company, Inc. Employee Stock Ownership Plan in MI ($7M); by covered participants it is Carpetland USA Milwaukee, Inc. Employee Stock Ownership Plan in WI (84 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (84 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 Gear Motions, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Gear Motions, Inc. Employee Stock Ownership Plan pulled back noticeably - down 8.1% during 2023, from $8M to $7M. Reported net income was -$407K.
How have Gear Motions, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Gear Motions, Inc.'s sponsor-wide assets declined 3.1%, from $8M to $8M.
Which ESOP plans are similar in size to Gear Motions, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Metric Manufacturing Company, Inc. Employee Stock Ownership Plan in MI ($7M, 82 participants).
Which ESOP plans cover a similar participant headcount to Gear Motions, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Carpetland USA Milwaukee, Inc. Employee Stock Ownership Plan in WI (84 participants, $11M 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 042518333.

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.