ESOP · DOL Form 5500 · 2023

Innotec Corporation ESOP

Data updated 2026-08-25

$10M
Total assets Small plan by assets
155
Participants Small participant base
57th
Percentile by assets National rank
$61,418
Avg per participant Low balance/head
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Official DOL plan name: Innotec Employee Stock Ownership Plan · Sponsored by Innotec Corporation · Michigan · Manufacturing

$10M in assets, 155 participants

Innotec Corporation's Innotec Employee Stock Ownership Plan reported $10M in total assets and 155 participants in its 2023 DOL Form 5500 filing, ranking in the 57th 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.

  • #8,124 in Manufacturing (18,722 peers)

Coverage in Michigan

Innotec Employee Stock Ownership Plan covers 155 participants in Michigan, about 24% of the average Michigan filer (state average ~638 per filing). Assets: $10M.

#8,124
in Manufacturing (18,722 peers)
+5.9%
assets growth YoY

The plan reported a net loss of $19K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Innotec Employee Stock Ownership Plan's mid-pack asset rank among Manufacturing and all filers

Innotec Employee Stock Ownership Plan vs every filed plan by assets

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

$9,519,740 Top 43% higher than 57% 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

Innotec Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Innotec Employee Stock Ownership Plan sits mid-pack in the medium band (155 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Innotec Employee Stock Ownership Plan reported net income rose from -$1M in the plan year 2022 filing to -$19K in the plan year 2023 filing.
  • Innotec Employee Stock Ownership Plan reported participants rose from 131 in the plan year 2022 filing to 155 in the plan year 2023 filing.
  • Innotec Employee Stock Ownership Plan end-of-year assets rose from $9M in the plan year 2022 filing to $10M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 383076153 · Innotec Corporation PY 2023 · ESOP

Innotec Employee Stock Ownership Plan · $10M · 155 · 57th

  • BOY $10M
  • SCH 155
  • EBSA 57th
  • PART ESOP
  • TYPE near Dubois & King Employee Stock Ownership Plan
  • NET ind #8124

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 →

Innotec Employee Stock Ownership Plan in the asset neighbourhood

Nelson Engineering Company Employee Stock Ownership PlanNelson Engineering Company E…$10MTen-E Packaging Services, Inc. Employee Stock Ownership Plan and TrustTen-E Packaging Services, In…$10MDubois & King Employee Stock Ownership PlanDubois & King Employee Stock…$10MRedneck Outdoor Products Inc Employee Stock Ownership Plan and TrustRedneck Outdoor Products Inc…$10MInnotec Employee Stock Ownership PlanInnotec Employee Stock Owner…$10M
End-of-year total assets ($M) among Innotec Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Michigan filing particulars

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$9M
Net Income-$19K
Employer EIN383076153
Plan Effective Date1995-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Innotec Corporation)

Sponsor-wide plan assets over time

All Innotec Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$30M 22.429020791785057% vs 2022
2024 filing year
$22M$24M$26M$28M$30M$32M 202220232024 $24.3M $29.7M ▲ +22.4%
Year Plans Participants Total Assets
2022 2 278 $24M
2023 2 347 $28M
2024 2 323 $30M

Nearby ESOP Plans in Michigan

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

Innotec 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 ($B) Participants Innotec Employee Stock Ownership Plan, Total assets ($B): 0.00951974 · Participants: 155Innotec 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
Innotec Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Innotec Employee Stock Ownership Plan side-by-side with 3 peers →

Innotec Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Michigan, the nearest ESOP by assets is Dubois & King Employee Stock Ownership Plan in VT ($10M); by covered participants it is Mayo Construction Company, Inc. Employee Stock Ownership Plan and Trust in ND (155 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (155 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 Innotec Employee Stock Ownership Plan assets move in 2023? ▼
Innotec Employee Stock Ownership Plan grew at a solid clip - up 5.9% during 2023, from $9M to $10M. Reported net income was -$19K.
How have Innotec Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Innotec Corporation's sponsor-wide assets grew 22.4%, from $24M to $30M.
Which ESOP plans are similar in size to Innotec Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Dubois & King Employee Stock Ownership Plan in VT ($10M, 126 participants).
Which ESOP plans cover a similar participant headcount to Innotec Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Mayo Construction Company, Inc. Employee Stock Ownership Plan and Trust in ND (155 participants, $45M 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 383076153.

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.