ESOP · DOL Form 5500 · 2023

Max Grigsby Company, Inc. ESOP

Data updated 2026-08-25

$2M
Total assets Small plan by assets
131
Participants Small participant base
29th
Percentile by assets National rank
$13,716
Avg per participant Low balance/head
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Official DOL plan name: Mgc, Inc. Employee Stock Ownership Plan · Sponsored by Max Grigsby Company, Inc. · Texas · Construction

$2M in assets, 131 participants

Max Grigsby Company, Inc.'s Mgc, Inc. Employee Stock Ownership Plan reported $2M in total assets and 131 participants in its 2023 DOL Form 5500 filing, ranking in the 29th 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.

  • #2,432 in Construction (9,030 peers)

Coverage in Texas

Mgc, Inc. Employee Stock Ownership Plan covers 131 participants in Texas, about 19% of the average Texas filer (state average ~688 per filing). Assets: $2M.

#2,432
in Construction (9,030 peers)
-$12M
reported net income

The plan reported a net loss of $12M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

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

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

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

$1,796,742 29th percentile higher than 29% 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

Mgc, Inc. 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. Mgc, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (131 participants).

DOL schedule card

Filing strip 741781826 · Max Grigsby Company, Inc. PY 2023 · ESOP

Mgc, Inc. Employee Stock Ownership Plan · $2M · 131 · 29th

  • PART $2M
  • PART 131
  • PART 29th
  • PART ESOP
  • PART near Speer Financial, Inc. Employee Stock Ownership Plan and Trust
  • PART ind #2432

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 Texas →

Mgc, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Stansfield Vending, Inc. Employee Stock Ownership PlanStansfield Vending, Inc. Emp…$2MMgc, Inc. Employee Stock Ownership PlanMgc, Inc. Employee Stock Own…$2MCollege Pharmacy, Incorporated Employee Stock Ownership PlanCollege Pharmacy, Incorporat…$2MSpeer Financial, Inc. Employee Stock Ownership Plan and TrustSpeer Financial, Inc. Employ…$2MFhcer Employee Stock Ownership PlanFhcer Employee Stock Ownersh…$2M
End-of-year total assets ($M) among Mgc, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Texas filing particulars

Total Assets (Beginning of Year)N/A
Net Assets (End of Year)-$12M
Net Income-$12M
Employer EIN741781826
Plan Effective Date2022-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Max Grigsby Company, Inc.)

Sponsor-wide plan assets over time

All Max Grigsby Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$15M 142.2521782950777% vs 2022
2024 filing year
$5M$10M$15M$20M 202220232024 $6.15M $14.9M ▲ +142.3%
Year Plans Participants Total Assets
2022 1 129 $6M
2023 2 283 $9M
2024 2 276 $15M

Nearby ESOP Plans in Texas

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

Mgc, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Texas, assets vs. participants Scatter plot of 6 data points. -1000010002000300040005000 -50510152025 Total assets ($B) Participants Mgc, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.001796742 · Participants: 131Mgc, Inc. Employee Stock Ownership PlanSammons Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($B): 21.16285336 · Participants: 3000Sammons Enterprises, Inc. Employee Stock Ownership PlanHighland Homes Employee Stock Ownership Plan, Total assets ($B): 0.884916985 · Participants: 791Highland Homes Employee Stock Ownership PlanAustin Industries Employee Stock Ownership Plan, Total assets ($B): 0.497933907 · Participants: 4510Austin Industries Employee Stock Ownership PlanCactus Feeders, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.447462474 · Participants: 831Cactus Feeders, Inc. Employee Stock Ownership PlanLja Engineering, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.396562096 · Participants: 1439Lja Engineering, Inc. Employee Stock Ownership Plan
Mgc, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Texas, assets vs. participants
Compare Mgc, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Texas, the nearest ESOP by assets is Speer Financial, Inc. Employee Stock Ownership Plan and Trust in IL ($2M); by covered participants it is Contempora Fabrics, Inc. Employee Stock Ownership Plan in NC (131 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (131 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 Max Grigsby Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Max Grigsby Company, Inc.'s sponsor-wide assets grew 142.3%, from $6M to $15M.
Which ESOP plans are similar in size to Mgc, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Speer Financial, Inc. Employee Stock Ownership Plan and Trust in IL ($2M, 15 participants).
Which ESOP plans cover a similar participant headcount to Mgc, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Contempora Fabrics, Inc. Employee Stock Ownership Plan in NC (131 participants, $16M 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 741781826.

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.