ESOP · DOL Form 5500 · 2023
Mcnaughton-Mckay Electric Company ESOP
Data updated 2026-08-25
- $1.3B
- Total assets Very large vs avg
- 1,635
- Participants Near avg headcount
- 99th
- Percentile by assets National rank
- $799,860
- Avg per participant High balance/head
Official DOL plan name: Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan · Sponsored by Mcnaughton-Mckay Electric Company · Michigan · Wholesale Trade
$1.3B in assets, 1,635 participants
Mcnaughton-Mckay Electric Company's Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan reported $1.3B in total assets and 1,635 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.
- #6,264 in Wholesale Trade (6,309 peers)
Coverage in Michigan
Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan covers 1,635 participants in Michigan, 2.6x the typical Michigan plan (state average ~638 per filing). Assets: $1.3B.
- #6,264
- in Wholesale Trade (6,309 peers)
- +24.3%
- assets growth YoY
- 13×
- vs typical plan assets (national mean)
Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan's outsized position by total assets
Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$1,307,771,090 Top 1% higher than 99% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Mcnaughton-Mckay Electric Company 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. Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan lands in the large band (1,635 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan reported participants rose from 1,155 in the plan year 2022 filing to 1,635 in the plan year 2023 filing.
- Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan reported net income rose from $193M in the plan year 2022 filing to $258M in the plan year 2023 filing.
- Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan end-of-year assets rose from $1.1B in the plan year 2022 filing to $1.3B in the plan year 2023 filing.
Form 5500 schedule snapshot
Filing strip 380812640 · Mcnaughton-Mckay Electric Company PY 2023 · ESOP
Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan · $1.3B · 1,635 · 99th
- RANK $1.3B
- RANK 1,635
- RANK 99th
- RANK ESOP
- RANK near Nvr, Inc. Employee Stock Ownership Plan
- RANK ind #6264
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 →
Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan in the asset neighbourhood
Michigan filing particulars
| Total Assets (Beginning of Year) | $1.1B |
|---|---|
| Net Assets (End of Year) | $1.3B |
| Net Income | $258M |
| Employer EIN | 380812640 |
| Plan Effective Date | 1985-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Mcnaughton-Mckay Electric Company)
Sponsor-wide plan assets over time
All Mcnaughton-Mckay Electric Company plans reported in each filing year
- Latest sponsor-wide plan assets
- $1.7B 43.039505094979994% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 2,933 | $1.2B |
| 2023 | 3 | 3,603 | $1.5B |
| 2024 | 3 | 3,620 | $1.7B |
Nearby ESOP Plans in Michigan
Peer ESOP plans, same state, same plan type, ranked by total assets.
- 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
- National Nail Corp. Employee Stock Ownership Plan $230M · 172
Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount
Outside Michigan, the nearest ESOP by assets is Nvr, Inc. Employee Stock Ownership Plan in VA ($1.2B); by covered participants it is Buehler's Fresh Foods Employee Stock Ownership Plan in OH (1,631 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.3B here).
- Nvr, Inc. Employee Stock Ownership Plan (VA) $1.2B · 6,866
- Scot Forge Company Employee Stock Ownership Plan (IL) $1.2B · 486
- Border States Industries, Inc. Employee Stock Ownership Plan (ND) $1.2B · 2,973
- Acco Employee Stock Ownership Plan (CA) $1.4B · 1,397
Similar participant headcount
Nearest other-state filings by covered participants (1,635 participants); asset peers above are excluded.
- Buehler's Fresh Foods Employee Stock Ownership Plan (OH) 1,631 · 4 off
- Bancfirst Corporation Employee Stock Ownership Plan (OK) 1,631 · 4 off
- Ki Employee Stock Ownership Plan (WI) 1,624 · 11 off
- Modern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust (VA) 1,652 · 17 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.