ESOP · DOL Form 5500 · 2023

Tool North, Inc. ESOP

Data updated 2026-08-25

$930K
Total assets Small plan by assets
27
Participants Small participant base
23rd
Percentile by assets National rank
$34,444
Avg per participant Low balance/head
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Official DOL plan name: Tool North, Inc. Employee Stock Ownership Plan · Sponsored by Tool North, Inc. · Michigan · Manufacturing

$930K in assets, 27 participants

Tool North, Inc.'s Tool North, Inc. Employee Stock Ownership Plan reported $930K in total assets and 27 participants in its 2023 DOL Form 5500 filing, ranking in the 23rd 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.

  • #1,861 in Manufacturing (18,722 peers)

Tool North, Inc. multi-year trail

Tool North, Inc.'s plans moved +456.8% in assets from 2022 to 2024; this filing shows Tool North, Inc. Employee Stock Ownership Plan at $930K / 27 participants.

#1,861
in Manufacturing (18,722 peers)
-$5M
reported net income

The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Tool North, Inc. Employee Stock Ownership Plan among the smaller filed plans by assets

Tool North, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$930,000 23rd percentile higher than 23% 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

Tool North, 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. Tool North, Inc. Employee Stock Ownership Plan is a small filing (27 participants) on this national headcount ladder.

EBSA filing schedule strip

Filing strip 810877376 · Tool North, Inc. PY 2023 · ESOP

Tool North, Inc. Employee Stock Ownership Plan · $930K · 27 · 23rd

  • IND $930K
  • EOY 27
  • 5500 23rd
  • ASSETS ESOP
  • PCT near Young Manufacturing Company, Inc. Employee Stock Ownership Plan
  • EIN ind #1861

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 →

Tool North, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Tool North, Inc. Employee Stock Ownership PlanTool North, Inc. Employee St…$930KYoung Manufacturing Company, Inc. Employee Stock Ownership PlanYoung Manufacturing Company,…$930KCore Products Employee Stock Ownership PlanCore Products Employee Stock…$930KArrow Audio, Inc. Employee Stock Ownership PlanArrow Audio, Inc. Employee S…$929KVexillum Inc. Dba Ez Electric$931K
End-of-year total assets ($M) among Tool North, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Tool North, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Tool North, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$8M 456.7508068917447% vs 2022
2024 filing year
$0M$5M$10M 202220232024 $1.47M $8.17M ▲ +455.8%
Year Plans Participants Total Assets
2022 1 26 $1M
2023 2 58 $3M
2024 2 65 $8M

Tool North, Inc. filing trail (2023)

Total Assets (Beginning of Year)N/A
Net Assets (End of Year)-$5M
Net Income-$5M
Employer EIN810877376
Plan Effective Date2023-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Michigan

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

Tool North, 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 ($B) Participants Tool North, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.00093 · Participants: 27Tool North, 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
Tool North, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Tool North, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Michigan, the nearest ESOP by assets is Young Manufacturing Company, Inc. Employee Stock Ownership Plan in KY ($930K); by covered participants it is Blankenberger Brothers, Inc. Employee Stock Ownership Plan and Trust Agreement in IN (27 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (27 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 have Tool North, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Tool North, Inc.'s sponsor-wide assets grew 456.8%, from $1M to $8M.
Where does Tool North, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Tool North, Inc. Employee Stock Ownership Plan ranks in the 23rd 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 Tool North, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Young Manufacturing Company, Inc. Employee Stock Ownership Plan in KY ($930K, 200 participants).
Which ESOP plans cover a similar participant headcount to Tool North, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Blankenberger Brothers, Inc. Employee Stock Ownership Plan and Trust Agreement in IN (27 participants, $13M 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 810877376.

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.