ESOP · DOL Form 5500 · 2023

Hardman Construction, Inc. ESOP

Data updated 2026-08-25

$15M
Total assets Small plan by assets
22
Participants Small participant base
67th
Percentile by assets National rank
$666,339
Avg per participant High balance/head
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Official DOL plan name: Hardman Construction, Inc. Employee Stock Ownership Plan · Sponsored by Hardman Construction, Inc. · Michigan · Construction

$15M in assets, 22 participants

Hardman Construction, Inc.'s Hardman Construction, Inc. Employee Stock Ownership Plan reported $15M in total assets and 22 participants in its 2023 DOL Form 5500 filing, ranking in the 67th 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.

  • #5,906 in Construction (9,030 peers)

Hardman Construction, Inc. multi-year trail

Hardman Construction, Inc.'s plans moved +26.4% in assets from 2022 to 2024; this filing shows Hardman Construction, Inc. Employee Stock Ownership Plan at $15M / 22 participants.

#5,906
in Construction (9,030 peers)
+3.9%
assets growth YoY

Hardman Construction, Inc. Employee Stock Ownership Plan's outsized position by total assets

Hardman Construction, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$14,659,463 Top 33% higher than 67% 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

Hardman Construction, 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. Hardman Construction, Inc. Employee Stock Ownership Plan is a small filing (22 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Hardman Construction, Inc. Employee Stock Ownership Plan reported net income fell from $3M in the plan year 2022 filing to $778K in the plan year 2023 filing.
  • Hardman Construction, Inc. Employee Stock Ownership Plan reported participants fell from 23 in the plan year 2022 filing to 22 in the plan year 2023 filing.
  • Hardman Construction, Inc. Employee Stock Ownership Plan end-of-year assets rose from $14M in the plan year 2022 filing to $15M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 382236416 · Hardman Construction, Inc. PY 2023 · ESOP

Hardman Construction, Inc. Employee Stock Ownership Plan · $15M · 22 · 67th

  • BOOK $15M
  • VS-ST 22
  • BOY 67th
  • SCH ESOP
  • EBSA near Abs Med, Inc. Employee Stock Ownership Plan
  • PART ind #5906

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 →

Hardman Construction, Inc. Employee Stock Ownership Plan in the asset neighbourhood

The Chicago Lumber Company of Omaha Employee Stock Ownership Plan and TrustThe Chicago Lumber Company o…$15MAbs Med, Inc. Employee Stock Ownership PlanAbs Med, Inc. Employee Stock…$15MHardman Construction, Inc. Employee Stock Ownership PlanHardman Construction, Inc. E…$15MCorovan Corporation Employee Stock Ownership PlanCorovan Corporation Employee…$15MSnider Inc Employee Stock Ownership Plan and TrustSnider Inc Employee Stock Ow…$15M
End-of-year total assets ($M) among Hardman Construction, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Hardman Construction, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Hardman Construction, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$18M 26.39432609636323% vs 2022
2024 filing year
$12M$14M$16M$18M$20M 202220232024 $14.1M $17.8M ▲ +26.4%
Year Plans Participants Total Assets
2022 1 23 $14M
2023 1 22 $15M
2024 1 23 $18M

Hardman Construction, Inc. filing trail (2023)

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$11M
Net Income$778K
Employer EIN382236416
Plan Effective Date2018-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Michigan

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

Hardman Construction, 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 ($B) Participants Hardman Construction, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.014659463 · Participants: 22Hardman Construction, 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
Hardman Construction, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Hardman Construction, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Hardman Construction, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Michigan, the nearest ESOP by assets is Abs Med, Inc. Employee Stock Ownership Plan in IL ($15M); by covered participants it is Davy Architecture, Inc. Employee Stock Ownership Plan in CA (22 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (22 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 Hardman Construction, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Hardman Construction, Inc. Employee Stock Ownership Plan edged up modestly - up 3.9% during 2023, from $14M to $15M. Reported net income was $778K.
How have Hardman Construction, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Hardman Construction, Inc.'s sponsor-wide assets grew 26.4%, from $14M to $18M.
Which ESOP plans are similar in size to Hardman Construction, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Abs Med, Inc. Employee Stock Ownership Plan in IL ($15M, 17 participants).
Which ESOP plans cover a similar participant headcount to Hardman Construction, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Davy Architecture, Inc. Employee Stock Ownership Plan in CA (22 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 382236416.

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.