ESOP · DOL Form 5500 · 2023

Maco Tool & Engineering, Inc. ESOP

Data updated 2026-08-25

$3M
Total assets Small plan by assets
10
Participants Small participant base
36th
Percentile by assets National rank
$296,388
Avg per participant High balance/head
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Official DOL plan name: Maco Tool & Engineering, Inc. ESOP · Sponsored by Maco Tool & Engineering, Inc. · Michigan · Manufacturing

$3M in assets, 10 participants

Maco Tool & Engineering, Inc.'s Maco Tool & Engineering, Inc. ESOP reported $3M in total assets and 10 participants in its 2023 DOL Form 5500 filing, ranking in the 36th 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.

  • #3,569 in Manufacturing (18,722 peers)

What the 2023 filing shows

Maco Tool & Engineering, Inc. ESOP holds $3M for 10 participants - about $296,388 per participant, in the lower half of filed plans by assets.

#3,569
in Manufacturing (18,722 peers)
-2.9%
assets change YoY

The plan reported a net loss of $307K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Maco Tool & Engineering, Inc. ESOP's mid-pack asset rank among Manufacturing and all filers

Maco Tool & Engineering, Inc. ESOP vs every filed plan by assets

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

$2,963,877 36th percentile higher than 36% 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

Maco Tool & Engineering, Inc. ESOP among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Maco Tool & Engineering, Inc. ESOP is a micro filing (10 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Maco Tool & Engineering, Inc. ESOP reported net income fell from $10K in the plan year 2022 filing to -$307K in the plan year 2023 filing.
  • Maco Tool & Engineering, Inc. ESOP reported participants rose from 9 in the plan year 2022 filing to 10 in the plan year 2023 filing.
  • Maco Tool & Engineering, Inc. ESOP end-of-year assets fell from $3M in the plan year 2022 filing to $3M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 381956144 · Maco Tool & Engineering, Inc. PY 2023 · ESOP

Maco Tool & Engineering, Inc. ESOP · $3M · 10 · 36th

  • EIN $3M
  • EIN 10
  • EIN 36th
  • EIN ESOP
  • EIN near Spectrum Comm, Inc. Employee Stock Ownership Plan
  • EIN ind #3569

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 →

Maco Tool & Engineering, Inc. ESOP in the asset neighbourhood

Spectrum Comm, Inc. Employee Stock Ownership PlanSpectrum Comm, Inc. Employee…$3MDavinci Employee Stock Ownership PlanDavinci Employee Stock Owner…$3MJokake Construction Services, Inc. Employee Stock Ownership PlanJokake Construction Services…$3MMaco Tool & Engineering, Inc. ESOPMaco Tool & Engineering, Inc…$3MStuart Silk Architects Employee Stock Ownership PlanStuart Silk Architects Emplo…$3M
End-of-year total assets ($M) among Maco Tool & Engineering, Inc. ESOP and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Filing particulars (2023)

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$1M
Net Income-$307K
Employer EIN381956144
Plan Effective Date1986-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Maco Tool & Engineering, Inc.)

Sponsor-wide plan assets over time

All Maco Tool & Engineering, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$3M 4.703476482617587% vs 2022
2024 filing year
$2.9M$3M$3.1M$3.2M$3.3M 202220232024 $3.05M $3.2M ▲ +4.9%
Year Plans Participants Total Assets
2022 1 9 $3M
2023 1 10 $3M
2024 1 10 $3M

Nearby ESOP Plans in Michigan

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

Maco Tool & Engineering, Inc. ESOP vs. nearby ESOP plans in Michigan, assets vs. participants Scatter plot of 6 data points. -50005001000150020002500 -0.500.511.5 Total assets ($B) Participants Maco Tool & Engineering, Inc. ESOP, Total assets ($B): 0.002963877 · Participants: 10Maco Tool & Engineering, Inc. ESOPMcnaughton-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
Maco Tool & Engineering, Inc. ESOP vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Maco Tool & Engineering, Inc. ESOP side-by-side with 3 peers →

Maco Tool & Engineering, Inc. ESOP's out-of-state ESOP peers by assets and headcount

Outside Michigan, the nearest ESOP by assets is Spectrum Comm, Inc. Employee Stock Ownership Plan in VA ($3M); by covered participants it is Mantech International Corporation Employee Stock Ownership Plan in VA (10 participants). Same-state nearby plans are listed separately above.

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 Maco Tool & Engineering, Inc. ESOP assets move in 2023? ▼
Maco Tool & Engineering, Inc. ESOP edged down modestly - down 2.9% during 2023, from $3M to $3M. Reported net income was -$307K.
How have Maco Tool & Engineering, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Maco Tool & Engineering, Inc.'s sponsor-wide assets grew 4.7%, from $3M to $3M.
Which ESOP plans are similar in size to Maco Tool & Engineering, Inc. ESOP? ▼
Among ESOP plans in other states, the closest by assets is Spectrum Comm, Inc. Employee Stock Ownership Plan in VA ($3M, 102 participants).
Which ESOP plans cover a similar participant headcount to Maco Tool & Engineering, Inc. ESOP? ▼
Among ESOP plans in other states, the closest by covered participants is Mantech International Corporation Employee Stock Ownership Plan in VA (10 participants, N/A 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 381956144.

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.