ESOP · DOL Form 5500 · 2023

Challenge Mfg. Holdings, Inc. ESOP

Data updated 2026-08-25

$22M
Total assets Small plan by assets
1,872
Participants Near avg headcount
74th
Percentile by assets National rank
$11,861
Avg per participant Low balance/head
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Official DOL plan name: Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan · Sponsored by Challenge Mfg. Holdings, Inc. · Michigan · Manufacturing

$22M in assets, 1,872 participants

Challenge Mfg. Holdings, Inc.'s Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan reported $22M in total assets and 1,872 participants in its 2023 DOL Form 5500 filing, ranking in the 74th 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.

  • #12,156 in Manufacturing (18,722 peers)

Coverage in Michigan

Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan covers 1,872 participants in Michigan, 2.9x the typical Michigan plan (state average ~638 per filing). Assets: $22M.

#12,156
in Manufacturing (18,722 peers)
+232.0%
assets growth YoY

Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan's outsized position by total assets

Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$22,202,915 Top 26% higher than 74% 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

Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan lands in the large band (1,872 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan reported net income rose from -$6M in the plan year 2022 filing to $16M in the plan year 2023 filing.
  • Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan end-of-year assets rose from $7M in the plan year 2022 filing to $22M in the plan year 2023 filing.
  • Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan reported participants rose from 1,721 in the plan year 2022 filing to 1,872 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 464294293 · Challenge Mfg. Holdings, Inc. PY 2023 · ESOP

Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan · $22M · 1,872 · 74th

  • EOY $22M
  • EOY 1,872
  • EOY 74th
  • EOY ESOP
  • EOY near Nucor Corporation Employee Stock Ownership Plan
  • EOY ind #12156

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 →

Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Eastridge Workforce Solutions Employee Stock Ownership PlanEastridge Workforce Solution…$22MChallenge Mfg. Holdings, Inc. Employee Stock Ownership PlanChallenge Mfg. Holdings, Inc…$22MNucor Corporation Employee Stock Ownership PlanNucor Corporation Employee S…$22MCortrust Bank Employee Stock Ownership Plan and TrustCortrust Bank Employee Stock…$22MKesslers Diamond Center Inc. Employee Stock Ownership PlanKesslers Diamond Center Inc.…$22M
End-of-year total assets ($M) among Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Michigan filing particulars

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$22M
Net Income$16M
Employer EIN464294293
Plan Effective Date1997-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Challenge Mfg. Holdings, Inc.)

Sponsor-wide plan assets over time

All Challenge Mfg. Holdings, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$140M 107.38236911922858% vs 2022
2024 filing year
$50M$100M$150M 202220232024 $67.3M $140M ▲ +107.4%
Year Plans Participants Total Assets
2022 2 4,028 $67M
2023 2 4,929 $102M
2024 2 5,555 $140M

Nearby ESOP Plans in Michigan

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

Challenge Mfg. Holdings, 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 ($B) Participants Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.022202915 · Participants: 1872Challenge Mfg. Holdings, 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
Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Michigan, the nearest ESOP by assets is Nucor Corporation Employee Stock Ownership Plan in NC ($22M); by covered participants it is Alatrade Foods Holdings, Inc. Employee Stock Ownership Plan in AL (1,883 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,872 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 Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan surged - up 232.0% during 2023, from $7M to $22M. Reported net income was $16M.
How have Challenge Mfg. Holdings, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Challenge Mfg. Holdings, Inc.'s sponsor-wide assets grew 107.4%, from $67M to $140M.
Which ESOP plans are similar in size to Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Nucor Corporation Employee Stock Ownership Plan in NC ($22M, 155 participants).
Which ESOP plans cover a similar participant headcount to Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Alatrade Foods Holdings, Inc. Employee Stock Ownership Plan in AL (1,883 participants, $57M 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 464294293.

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.