ESOP · DOL Form 5500 · 2024
Pems Holdings, Inc. ESOP
Data updated 2026-08-11
- $40M
- Total assets
- 123
- Participants
- 81st
- Percentile by assets
- $322,127
- Avg per participant
Official DOL plan name: Pems Employee Stock Ownership Plan · Sponsored by Pems Holdings, Inc. · Michigan · Manufacturing
$40M in assets, 123 participants
Pems Holdings, Inc.'s Pems Employee Stock Ownership Plan reported $40M in total assets and 123 participants in its 2024 DOL Form 5500 filing, ranking in the 81st 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.
- 81st percentile by assets (of 123,622 plans)
- #13,120 in Manufacturing (17,777 peers)
Coverage in Michigan
Pems Employee Stock Ownership Plan covers 123 participants in Michigan, about 19% of the average Michigan filer (state average ~638 per filing). Assets: $40M.
- $40M
- total plan assets (2024 EOY)
- 123
- covered participants
- 81st
- percentile by assets (of 123,622 plans)
- $322,127
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Pems Employee Stock Ownership Plan reported net income fell from $15M in the plan year 2023 filing to $7M in the plan year 2024 filing.
- Pems Employee Stock Ownership Plan end-of-year assets rose from $35M in the plan year 2023 filing to $40M in the plan year 2024 filing.
- Pems Employee Stock Ownership Plan reported participants rose from 119 in the plan year 2023 filing to 123 in the plan year 2024 filing.
Participants vs Michigan filers
In Michigan, the average filing covers about 638 participants across 4,220 plans. Pems Employee Stock Ownership Plan reports 123 participants - about 19% of that state average ($40M EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $35M |
|---|---|
| Net Assets (End of Year) | -$9M |
| Net Income | $7M |
| Employer EIN | 874755699 |
| Plan Effective Date | 2021-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Pems Holdings, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 15 | $22M |
| 2023 | 1 | 119 | $35M |
| 2024 | 1 | 123 | $40M |
Nearby ESOP Plans in Michigan
Peer ESOP plans, same state, same plan type, ranked by total assets.
Pems Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
- Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan $1.6B · 1,780
- The Kendall Group Employee Stock Ownership Plan $900M · 1,936
- Project Worldwide, Inc. Employee Stock Ownership Plan $453M · 1,284
- Motor City Electric Co. Employee Stock Ownership Plan $410M · 218
- Lee Contracting, Inc. Employee Stock Ownership Plan $250M · 565
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Pems Employee Stock Ownership Plan by total assets, not by location.
- California Sheet Metal Works, Inc. Employee Stock Ownership Plan (CA) $40M · 98
- Tompkins Financial Corporation Employee Stock Ownership Plan (NY) $40M · 872
- Ctl Engineering, Inc. Employee Stock Ownership Plan (OH) $39M · 182
- Miller Electric Company Employee Stock Ownership Plan and Trust (FL) $39M · 525
Frequently Asked Questions
How did Pems Employee Stock Ownership Plan assets move in 2024? ▼
How have Pems Holdings, Inc. plan assets changed over time? ▼
Where does Pems Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Which ESOP plans are similar in size to Pems Employee Stock Ownership Plan? ▼
Next read for Pems Employee Stock Ownership Plan
Filing takeaways
Ways to act on Pems Employee Stock Ownership Plan's numbers.
- By total assets, Pems Employee Stock Ownership Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Michigan. Compare plans
- Pems Holdings, Inc.'s sponsor-wide assets have grown 76.9% since 2022 across 3 plan years on file. More Manufacturing plans