ESOP · DOL Form 5500 · 2024

Memphis Equipment Company, Inc. ESOP

Data updated 2026-08-25

$5M
Total assets Small plan by assets
27
Participants Small participant base
43rd
Percentile by assets National rank
$201,089
Avg per participant Above avg balance/head
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Official DOL plan name: Memphis Equipment Company ESOP · Sponsored by Memphis Equipment Company, Inc. · Tennessee · Retail Trade

$5M in assets, 27 participants

Memphis Equipment Company, Inc.'s Memphis Equipment Company ESOP reported $5M in total assets and 27 participants in its 2024 DOL Form 5500 filing, ranking in the 43rd 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.

  • #4,361 in Retail Trade (8,048 peers)

What the 2024 filing shows

Memphis Equipment Company ESOP holds $5M for 27 participants - about $201,089 per participant, in the lower half of filed plans by assets.

#4,361
in Retail Trade (8,048 peers)
-4.3%
assets change YoY

The plan reported a net loss of $242K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Memphis Equipment Company ESOP's mid-pack asset rank among Retail Trade and all filers

Memphis Equipment Company ESOP vs every filed plan by assets

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

$5,429,394 43rd percentile higher than 43% 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

Memphis Equipment Company ESOP among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Memphis Equipment Company ESOP is a small filing (27 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Memphis Equipment Company ESOP reported net income fell from $214K in the plan year 2023 filing to -$242K in the plan year 2024 filing.
  • Memphis Equipment Company ESOP reported participants fell from 29 in the plan year 2023 filing to 27 in the plan year 2024 filing.
  • Memphis Equipment Company ESOP end-of-year assets fell from $6M in the plan year 2023 filing to $5M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 620433104 · Memphis Equipment Company, Inc. PY 2024 · ESOP

Memphis Equipment Company ESOP · $5M · 27 · 43rd

  • EBSA $5M
  • PART 27
  • TYPE 43rd
  • NET ESOP
  • BOOK near Rable Machine, Inc. Employee Stock Ownership Trust
  • VS-ST ind #4361

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 Tennessee →

Memphis Equipment Company ESOP in the asset neighbourhood

Memphis Equipment Company ESOPMemphis Equipment Company ES…$5MRable Machine, Inc. Employee Stock Ownership TrustRable Machine, Inc. Employee…$5MBlm Technologies, Inc Employee Stock Ownership Plan and TrustBlm Technologies, Inc Employ…$5MWebster ESOP Savings Plan$5MPete Moffat Construction Inc. Employee Stock Ownership PlanPete Moffat Construction Inc…$5M
End-of-year total assets ($M) among Memphis Equipment Company ESOP and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Filing particulars (2024)

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$5M
Net Income-$242K
Employer EIN620433104
Plan Effective Date1995-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Memphis Equipment Company, Inc.)

Sponsor-wide plan assets over time

All Memphis Equipment Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$5M 0.5090364553221971% vs 2022
2024 filing year
$5.4M$5.5M$5.6M$5.7M 202220232024 $5.46M $5.43M ▼ -0.5%
Year Plans Participants Total Assets
2022 1 33 $5M
2023 1 29 $6M
2024 1 27 $5M

Nearby ESOP Plans in Tennessee

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

Memphis Equipment Company ESOP vs. nearby ESOP plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -500050010001500 -2000200400600 Total assets ($M) Participants Memphis Equipment Company ESOP, Total assets ($M): 5.429394 · Participants: 27Memphis Equipment Company ESOPBarr Brands International Amended and Restated Employee Stock Ownership Plan, Total assets ($M): 470.413823 · Participants: 403Barr Brands International Amended and Restated Employee Stock Ownership PlanZander Group Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 247.006343 · Participants: 201Zander Group Holdings, Inc. Employee Stock Ownership PlanNational Health Corp Leveraged Employee Stock Ownership Plan, Total assets ($M): 168.305927 · Participants: 1385National Health Corp Leveraged Employee Stock Ownership Plan3ls, Inc. Employee Stock Ownership Plan, Total assets ($M): 143.44577 · Participants: 5153ls, Inc. Employee Stock Ownership PlanSmith Seckman Reid, Inc. Employee Stock Ownership Plan, Total assets ($M): 116.245191 · Participants: 507Smith Seckman Reid, Inc. Employee Stock Ownership Plan
Memphis Equipment Company ESOP vs. nearby ESOP plans in Tennessee, assets vs. participants
Compare Memphis Equipment Company ESOP side-by-side with 3 peers →

Memphis Equipment Company ESOP's out-of-state ESOP peers by assets and headcount

Outside Tennessee, the nearest ESOP by assets is Rable Machine, Inc. Employee Stock Ownership Trust in OH ($5M); by covered participants it is Site Supply Employee Stock Ownership Plan in OH (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 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Memphis Equipment Company ESOP assets move in 2024? ▼
Memphis Equipment Company ESOP edged down modestly - down 4.3% during 2024, from $6M to $5M. Reported net income was -$242K.
How have Memphis Equipment Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Memphis Equipment Company, Inc.'s sponsor-wide assets declined 0.5%, from $5M to $5M.
Which ESOP plans are similar in size to Memphis Equipment Company ESOP? ▼
Among ESOP plans in other states, the closest by assets is Rable Machine, Inc. Employee Stock Ownership Trust in OH ($5M, 57 participants).
Which ESOP plans cover a similar participant headcount to Memphis Equipment Company ESOP? ▼
Among ESOP plans in other states, the closest by covered participants is Site Supply Employee Stock Ownership Plan in OH (27 participants, $32M 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 620433104.

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.