ESOP · DOL Form 5500 · 2024
Pems Holdings, Inc. ESOP
Data updated 2026-08-25
- $40M
- Total assets Below avg plan size
- 123
- Participants Small participant base
- 81st
- Percentile by assets National rank
- $322,127
- Avg per participant High balance/head
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.
- #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.
- #13,120
- in Manufacturing (17,777 peers)
- +13.2%
- assets growth YoY
- 0.4×
- vs typical plan assets (national mean)
Pems Employee Stock Ownership Plan's outsized position by total assets
Pems Employee Stock Ownership Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$39,621,655 Top 19% higher than 81% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Pems Employee Stock Ownership Plan among mid-size filed plans by headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Pems Employee Stock Ownership Plan sits mid-pack in the medium band (123 participants).
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.
DOL schedule card
Filing strip 874755699 · Pems Holdings, Inc. PY 2024 · ESOP
Pems Employee Stock Ownership Plan · $40M · 123 · 81st
- NET $40M
- BOOK 123
- VS-ST 81st
- BOY ESOP
- SCH near California Sheet Metal Works, Inc. Employee Stock Ownership Plan
- EBSA ind #13120
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 →
Pems Employee Stock Ownership Plan in the asset neighbourhood
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.)
Sponsor-wide plan assets over time
All Pems Holdings, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $40M 76.94279381894346% vs 2022
- 2024 filing year
| 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.
- 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
Pems Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount
Outside Michigan, the nearest ESOP by assets is California Sheet Metal Works, Inc. Employee Stock Ownership Plan in CA ($40M); by covered participants it is James Alexander Corporation Employee Stock Ownership Plan and Trust in NJ (123 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($40M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (123 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.