ESOP · DOL Form 5500 · 2023

Schonsheck, Inc. ESOP

Data updated 2026-08-25

$2M
Total assets Small plan by assets: 9
Participants Small participant base: 28th
Percentile by assets National rank: $170,057
Avg per participant Above avg balance/head

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Official DOL plan name: Schonsheck, Inc. ESOP · Sponsored by Schonsheck, Inc. · Michigan · Construction

$2M in assets, 9 participants

Schonsheck, Inc.'s Schonsheck, Inc. ESOP reported $2M in total assets and 9 participants in its 2023 DOL Form 5500 filing, ranking in the 28th 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.

#2,293 in Construction (9,030 peers)

2023 asset change

Schonsheck, Inc. ESOP grew sharply 18.4% in 2023 ($1M → $2M) for 9 participants.

#2,293
in Construction (9,030 peers): +18.4%
assets growth YoY

Schonsheck, Inc. ESOP among the smaller filed plans by assets

Schonsheck, Inc. ESOP vs every filed plan by assets

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

$1,530,511 28th percentile higher than 28% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Schonsheck, 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. Schonsheck, Inc. ESOP is a micro filing (9 participants), the leftmost band.

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

Schonsheck, Inc. ESOP reported net income rose from $17K in the plan year 2022 filing to $238K in the plan year 2023 filing.
Schonsheck, Inc. ESOP end-of-year assets rose from $1M in the plan year 2022 filing to $2M in the plan year 2023 filing.
Schonsheck, Inc. ESOP reported participants fell from 11 in the plan year 2022 filing to 9 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 382629985 · Schonsheck, Inc. PY 2023 · ESOP

Schonsheck, Inc. ESOP · $2M · 9 · 28th

TYPE $2M
TYPE 9
TYPE 28th
TYPE ESOP
TYPE near Forma Design, Inc. Employee Stock Ownership Plan
TYPE ind #2293

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 →

End-of-year total assets ($M) among Schonsheck, Inc. ESOP and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Schonsheck, Inc. years around the 2023 move

Latest sponsor-wide plan assets: $4M 1.7101500615365515% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	2	22	$4M
2023	2	18	$5M
2024	2	22	$4M

2023 asset-move particulars

Total Assets (Beginning of Year)	$1M
Net Assets (End of Year)	$2M
Net Income	$238K
Employer EIN	382629985
Plan Effective Date	1998-09-01
Filing Status	FILING RECEIVED

Nearby ESOP Plans in Michigan

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

Schonsheck, Inc. ESOP vs. nearby ESOP plans in Michigan, assets vs. participants

Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan $1.3B · 1,635
The Kendall Group Employee Stock Ownership Plan $808M · 1,907
Project Worldwide, Inc. Employee Stock Ownership Plan $436M · 1,173
Motor City Electric Co. Employee Stock Ownership Plan $258M · 207
Lee Contracting, Inc. Employee Stock Ownership Plan $238M · 500

Compare Schonsheck, Inc. ESOP side-by-side with 3 peers →

Schonsheck, Inc. ESOP's out-of-state ESOP peers by assets and headcount

Outside Michigan, the nearest ESOP by assets is Forma Design, Inc. Employee Stock Ownership Plan in CA ($2M); by covered participants it is Highstar Industrial Technologies, Inc. Employee Stock Ownership Plan in VA (9 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2M here).

Forma Design, Inc. Employee Stock Ownership Plan (CA) $2M · 13
The Origen Biomedical, Inc. Employee Stock Ownership Plan (TX) $2M · 113
Gac Chemical Corporation Employee Stock Ownership Plan (ME) $2M · 31
Doucette Industries, Inc. Employee Stock Ownership Plan and Trust (PA) $2M · 16

Similar participant headcount

Nearest other-state filings by covered participants (9 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 Schonsheck, Inc. ESOP assets move in 2023? ▼

Schonsheck, Inc. ESOP grew sharply - up 18.4% during 2023, from $1M to $2M. Reported net income was $238K.

How have Schonsheck, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Schonsheck, Inc.'s sponsor-wide assets grew 1.7%, from $4M to $4M.

Which ESOP plans are similar in size to Schonsheck, Inc. ESOP? ▼

Among ESOP plans in other states, the closest by assets is Forma Design, Inc. Employee Stock Ownership Plan in CA ($2M, 13 participants).

Which ESOP plans cover a similar participant headcount to Schonsheck, Inc. ESOP? ▼

Among ESOP plans in other states, the closest by covered participants is Highstar Industrial Technologies, Inc. Employee Stock Ownership Plan in VA (9 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 382629985.