ESOP · DOL Form 5500 · 2023

Professional Fabricating & Manufacturing ESOP

Data updated 2026-08-25

$629K
Total assets Small plan by assets
46
Participants Small participant base
20th
Percentile by assets National rank
$13,663
Avg per participant Low balance/head
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Official DOL plan name: Professional Fabricating Inc. Employee Stock Ownership Plan · Sponsored by Professional Fabricating & Manufacturing · Michigan · Manufacturing

$629K in assets, 46 participants

Professional Fabricating & Manufacturing's Professional Fabricating Inc. Employee Stock Ownership Plan reported $629K in total assets and 46 participants in its 2023 DOL Form 5500 filing, ranking in the 20th 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.

  • #1,535 in Manufacturing (18,722 peers)

Professional Fabricating & Manufacturing multi-year trail

Professional Fabricating & Manufacturing's plans moved -61.3% in assets from 2022 to 2024; this filing shows Professional Fabricating Inc. Employee Stock Ownership Plan at $629K / 46 participants.

#1,535
in Manufacturing (18,722 peers)
-30.6%
assets change YoY

The plan reported a net loss of $152K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Professional Fabricating Inc. Employee Stock Ownership Plan among the smaller filed plans by assets

Professional Fabricating Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$628,500 20th percentile higher than 20% 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

Professional Fabricating Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Professional Fabricating Inc. Employee Stock Ownership Plan is a small filing (46 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Professional Fabricating Inc. Employee Stock Ownership Plan reported net income fell from -$50K in the plan year 2022 filing to -$152K in the plan year 2023 filing.
  • Professional Fabricating Inc. Employee Stock Ownership Plan end-of-year assets fell from $906K in the plan year 2022 filing to $629K in the plan year 2023 filing.
  • Professional Fabricating Inc. Employee Stock Ownership Plan reported participants fell from 47 in the plan year 2022 filing to 46 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 383075559 · Professional Fabricating & Manufacturing PY 2023 · ESOP

Professional Fabricating Inc. Employee Stock Ownership Plan · $629K · 46 · 20th

  • BOY $629K
  • SCH 46
  • EBSA 20th
  • PART ESOP
  • TYPE near Pinnacle Electric Employee Stock Ownership Plan
  • NET ind #1535

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 →

Professional Fabricating Inc. Employee Stock Ownership Plan in the asset neighbourhood

Professional Fabricating Inc. Employee Stock Ownership PlanProfessional Fabricating Inc…$629KPinnacle Electric Employee Stock Ownership PlanPinnacle Electric Employee S…$630KMnx Innovations, Ltd. Employee Stock Ownership Plan and TrustMnx Innovations, Ltd. Employ…$626KVolano Software Company Employee Stock Ownership PlanVolano Software Company Empl…$626KV W International, Inc. Employee Stock Ownership PlanV W International, Inc. Empl…$625K
End-of-year total assets ($M) among Professional Fabricating Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Professional Fabricating & Manufacturing multi-year asset trail

Sponsor-wide plan assets over time

All Professional Fabricating & Manufacturing plans reported in each filing year

Latest sponsor-wide plan assets
$351K 61.258278145695364% vs 2022
2024 filing year
$0.2M$0.4M$0.6M$0.8M$1M 202220232024 $0.91M $0.35M ▼ -61.5%
Year Plans Participants Total Assets
2022 1 47 $906K
2023 1 46 $629K
2024 1 65 $351K

Professional Fabricating & Manufacturing filing trail (2023)

Total Assets (Beginning of Year)$906K
Net Assets (End of Year)-$699K
Net Income-$152K
Employer EIN383075559
Plan Effective Date2021-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Michigan

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

Professional Fabricating Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants Scatter plot of 6 data points. -50005001000150020002500 -0.500.511.5 Total assets ($B) Participants Professional Fabricating Inc. Employee Stock Ownership Plan, Total assets ($B): 0.0006285 · Participants: 46Professional Fabricating Inc. 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
Professional Fabricating Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Professional Fabricating Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Professional Fabricating Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Michigan, the nearest ESOP by assets is Pinnacle Electric Employee Stock Ownership Plan in NY ($630K); by covered participants it is Ten-E Packaging Services, Inc. Employee Stock Ownership Plan and Trust in MN (46 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (46 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 Professional Fabricating Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Professional Fabricating Inc. Employee Stock Ownership Plan contracted severely - down 30.6% during 2023, from $906K to $629K. Reported net income was -$152K.
How have Professional Fabricating & Manufacturing plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Professional Fabricating & Manufacturing's sponsor-wide assets declined 61.3%, from $906K to $351K.
Where does Professional Fabricating Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Professional Fabricating Inc. Employee Stock Ownership Plan ranks in the 20th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which ESOP plans are similar in size to Professional Fabricating Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Pinnacle Electric Employee Stock Ownership Plan in NY ($630K, N/A participants).
Which ESOP plans cover a similar participant headcount to Professional Fabricating Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Ten-E Packaging Services, Inc. Employee Stock Ownership Plan and Trust in MN (46 participants, $10M 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 383075559.

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.