ESOP · DOL Form 5500 · 2023

Mcnaughton-Mckay Electric Company ESOP

Data updated 2026-08-11

$1.3B
Total assets
1,635
Participants
99th
Percentile by assets
$799,860
Avg per participant
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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.

  • 99th percentile by assets (of 127,072 plans)
  • #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.

$1.3B
total plan assets (2023 EOY)
1,635
covered participants
99th
percentile by assets (of 127,072 plans)
$799,860
avg assets per participant

Where Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan sits 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

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

  • 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.

See the national 2022→2023 release diff →

State
Michigan
Industry
Wholesale Trade

Participants vs Michigan filers

In Michigan, the average filing covers about 638 participants across 4,220 plans. Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan reports 1,635 participants - 2.6x that state average ($1.3B EOY assets).

Michigan filing particulars

Total Assets (Beginning of Year)$1.1B
Net Assets (End of Year)$1.3B
Net Income$258M
Employer EIN380812640
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mcnaughton-Mckay Electric Company)

$1B$1.2B$1.4B$1.6B$1.8B 202220232024 $1.2B $1.72B ▲ +43.3%
Total plan assets by year, all Mcnaughton-Mckay Electric Company plans on file
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.

Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants Scatter plot of 6 data points. 0500100015002000 00.511.5 Total assets ($B) Participants Mcnaughton-Mckay Ele…, Total assets ($B): 1.30777109 · Participants: 1635Mcnaughton-Mckay Ele…The Kendall Group Em…, Total assets ($B): 0.808091077 · Participants: 1907The Kendall Group Em…Project Worldwide, I…, Total assets ($B): 0.436210284 · Participants: 1173Project Worldwide, I…Motor City Electric …, Total assets ($B): 0.258079249 · Participants: 207Motor City Electric …Lee Contracting, Inc…, Total assets ($B): 0.237688318 · Participants: 500Lee Contracting, Inc…National Nail Corp. …, Total assets ($B): 0.229676649 · Participants: 172National Nail Corp. …
Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Mcnaughton-Mckay Electric Company Employ… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan by total assets, not by location.

Frequently Asked Questions

How did Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan assets move in 2023? ▼
Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan grew sharply - up 24.3% during 2023, from $1.1B to $1.3B. Reported net income was $258M.
How have Mcnaughton-Mckay Electric Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mcnaughton-Mckay Electric Company's sponsor-wide assets grew 43.0%, from $1.2B to $1.7B.
Where does Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which ESOP plans are similar in size to Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Nvr, Inc. Employee Stock Ownership Plan in VA ($1.2B, 6,866 participants).

Next read for Mcnaughton-Mckay Electric Company Employ…

Filing takeaways

Ways to act on Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan's numbers.

  • By total assets, Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan ranks among the largest 1% of all filed plans. See the largest plans
  • Compare it side-by-side against 3 similar ESOP plans in Michigan. Compare plans
  • Mcnaughton-Mckay Electric Company's sponsor-wide assets have grown 43.0% since 2022 across 3 plan years on file. More Wholesale Trade 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 380812640.

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.