ESOP · DOL Form 5500 · 2023
Royal Technologies Corporation ESOP
Data updated 2026-08-11
- $135M
- Total assets
- 1,049
- Participants
- 93rd
- Percentile by assets
- $129,152
- Avg per participant
Official DOL plan name: Royal Technologies Corporation Employee Stock Ownership Plan · Sponsored by Royal Technologies Corporation · Michigan · Manufacturing
$135M in assets, 1,049 participants
Royal Technologies Corporation's Royal Technologies Corporation Employee Stock Ownership Plan reported $135M in total assets and 1,049 participants in its 2023 DOL Form 5500 filing, ranking in the 93rd 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.
- 93rd percentile by assets (of 127,072 plans)
- #16,727 in Manufacturing (18,722 peers)
Where Royal Technologies Corporation Employee Stock Ownership Plan sits by assets
Royal Technologies Corporation Employee Stock Ownership Plan sits in the top 10% of all filed plans by assets, $135M for 1,049 participants (~$129,152/participant), down 11.3% in 2023.
- $135M
- total plan assets (2023 EOY)
- 1,049
- covered participants
- 93rd
- percentile by assets (of 127,072 plans)
- $129,152
- avg assets per participant
The plan reported a net loss of $17M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Royal Technologies Corporation Employee Stock Ownership Plan reported net income rose from -$39M in the plan year 2022 filing to -$17M in the plan year 2023 filing.
- Royal Technologies Corporation Employee Stock Ownership Plan end-of-year assets fell from $153M in the plan year 2022 filing to $135M in the plan year 2023 filing.
- Royal Technologies Corporation Employee Stock Ownership Plan reported participants fell from 1,128 in the plan year 2022 filing to 1,049 in the plan year 2023 filing.
Royal Technologies Corporation Employee Stock Ownership Plan vs the 2023 asset distribution
By assets, Royal Technologies Corporation Employee Stock Ownership Plan outranks 93% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 1.4x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $153M |
|---|---|
| Net Assets (End of Year) | $135M |
| Net Income | -$17M |
| Employer EIN | 382726351 |
| Plan Effective Date | 2007-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Royal Technologies Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 2,279 | $195M |
| 2023 | 2 | 2,223 | $187M |
| 2024 | 2 | 2,241 | $193M |
Nearby ESOP Plans in Michigan
Peer ESOP plans, same state, same plan type, ranked by total assets.
Royal Technologies Corporation Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
- Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan $1.3B · 1,635
- 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
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Royal Technologies Corporation Employee Stock Ownership Plan by total assets, not by location.
- Ducharme, Mcmillen & Associates, Inc. Employee Stock Ownership Plan (IN) $135M · 558
- Technology Service Corporation Employee Stock Ownership Plan (VA) $135M · 562
- Globe Engineering Co Inc Employee Stock Ownership Plan and Trust (KS) $136M · 236
- Third Federal Savings Associate Stock Ownership Plan (OH) $136M · 976
Frequently Asked Questions
How did Royal Technologies Corporation Employee Stock Ownership Plan assets move in 2023? ▼
How have Royal Technologies Corporation plan assets changed over time? ▼
Where does Royal Technologies Corporation Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
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Next read for Royal Technologies Corporation Employee …
Scale reading
Ways to act on Royal Technologies Corporation Employee Stock Ownership Plan's numbers.
- By total assets, Royal Technologies Corporation Employee Stock Ownership Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Michigan. Compare plans
- Royal Technologies Corporation's sponsor-wide assets have declined 1.3% since 2022 across 3 plan years on file. More Manufacturing plans