ESOP · DOL Form 5500 · 2024

Mgs Contracting, Inc. ESOP

Data updated 2026-08-25

$17M
Total assets Small plan by assets
23
Participants Small participant base
68th
Percentile by assets National rank
$756,957
Avg per participant High balance/head
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Official DOL plan name: Mgs Contracting, Inc. Employee Stock Ownership Plan · Sponsored by Mgs Contracting, Inc. · Georgia · Manufacturing

$17M in assets, 23 participants

Mgs Contracting, Inc.'s Mgs Contracting, Inc. Employee Stock Ownership Plan reported $17M in total assets and 23 participants in its 2024 DOL Form 5500 filing, ranking in the 68th 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.

  • #10,004 in Manufacturing (17,777 peers)

Mgs Contracting, Inc. multi-year trail

Mgs Contracting, Inc.'s plans moved +116.3% in assets from 2022 to 2024; this filing shows Mgs Contracting, Inc. Employee Stock Ownership Plan at $17M / 23 participants.

#10,004
in Manufacturing (17,777 peers)
+20.9%
assets growth YoY

Mgs Contracting, Inc. Employee Stock Ownership Plan's outsized position by total assets

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

End-of-year total assets · plan year 2024 · DOL Form 5500

$17,410,012 Top 32% higher than 68% of 123,620 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 2024

Mgs Contracting, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mgs Contracting, Inc. Employee Stock Ownership Plan is a small filing (23 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Mgs Contracting, Inc. Employee Stock Ownership Plan reported net income fell from $6M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Mgs Contracting, Inc. Employee Stock Ownership Plan end-of-year assets rose from $14M in the plan year 2023 filing to $17M in the plan year 2024 filing.
  • Mgs Contracting, Inc. Employee Stock Ownership Plan reported participants rose from 21 in the plan year 2023 filing to 23 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 831907988 · Mgs Contracting, Inc. PY 2024 · ESOP

Mgs Contracting, Inc. Employee Stock Ownership Plan · $17M · 23 · 68th

  • PCT $17M
  • PCT 23
  • PCT 68th
  • PCT ESOP
  • PCT near Mid-States Steel Corporation Employee Stock Ownership Plan
  • PCT ind #10004

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 Georgia →

Mgs Contracting, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Forte Residential, Inc. Employee Stock Ownership PlanForte Residential, Inc. Empl…$17MMid-States Steel Corporation Employee Stock Ownership PlanMid-States Steel Corporation…$17MHoward Immel, Inc. Employee Stock Ownership PlanHoward Immel, Inc. Employee …$17MMgs Contracting, Inc. Employee Stock Ownership PlanMgs Contracting, Inc. Employ…$17MFragasso Financial Advisors, Inc. Employee Stock Ownership PlanFragasso Financial Advisors,…$17M
End-of-year total assets ($M) among Mgs Contracting, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Mgs Contracting, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Mgs Contracting, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$17M 116.27314546526706% vs 2022
2024 filing year
$5M$10M$15M$20M 202220232024 $8.05M $17.4M ▲ +116.3%
Year Plans Participants Total Assets
2022 1 24 $8M
2023 1 21 $14M
2024 1 23 $17M

Mgs Contracting, Inc. filing trail (2024)

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$16M
Net Income$3M
Employer EIN831907988
Plan Effective Date2018-09-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Georgia

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

Mgs Contracting, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Georgia, assets vs. participants Scatter plot of 6 data points. -5000500100015002000 -2000200400600800 Total assets ($M) Participants Mgs Contracting, Inc. Employee Stock Ownership Plan, Total assets ($M): 17.410012 · Participants: 23Mgs Contracting, Inc. Employee Stock Ownership PlanWarehouse Home Furnishings Distributors, Inc. Employee Stock Ownership Plan, Total assets ($M): 681.121519 · Participants: 1745Warehouse Home Furnishings Distributors, Inc. Employee Stock Ownership PlanChoate Construction Company Employee Stock Ownership Plan, Total assets ($M): 548.082498 · Participants: 494Choate Construction Company Employee Stock Ownership PlanBrent Scarbrough & Company Employee Stock Ownership Plan, Total assets ($M): 522.430924 · Participants: 485Brent Scarbrough & Company Employee Stock Ownership PlanAubrey Silvey Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 281.399754 · Participants: 488Aubrey Silvey Enterprises, Inc. Employee Stock Ownership PlanDixie Plywood and Lumber Company Employee Stock Ownership Plan, Total assets ($M): 230.799825 · Participants: 324Dixie Plywood and Lumber Company Employee Stock Ownership Plan
Mgs Contracting, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Georgia, assets vs. participants
Compare Mgs Contracting, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Georgia, the nearest ESOP by assets is Mid-States Steel Corporation Employee Stock Ownership Plan in IA ($17M); by covered participants it is Valley Premier Bank Employee Stock Ownership Plan & Trust in MN (23 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (23 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Mgs Contracting, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Mgs Contracting, Inc. Employee Stock Ownership Plan grew sharply - up 20.9% during 2024, from $14M to $17M. Reported net income was $3M.
How have Mgs Contracting, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mgs Contracting, Inc.'s sponsor-wide assets grew 116.3%, from $8M to $17M.
Which ESOP plans are similar in size to Mgs Contracting, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Mid-States Steel Corporation Employee Stock Ownership Plan in IA ($17M, 19 participants).
Which ESOP plans cover a similar participant headcount to Mgs Contracting, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Valley Premier Bank Employee Stock Ownership Plan & Trust in MN (23 participants, $11M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 831907988.

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.