ESOP · DOL Form 5500 · 2023

The Kendall Group Employee Stock Ownership Plan ESOP

Data updated 2026-08-25

$808M
Total assets Above avg plan size
1,907
Participants Near avg headcount
98th
Percentile by assets National rank
$423,750
Avg per participant High balance/head
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Official DOL plan name: The Kendall Group Employee Stock Ownership Plan · Sponsored by The Kendall Group Employee Stock Ownership Plan · Michigan · Wholesale Trade

$808M in assets, 1,907 participants

The Kendall Group Employee Stock Ownership Plan's The Kendall Group Employee Stock Ownership Plan reported $808M in total assets and 1,907 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.

  • #6,244 in Wholesale Trade (6,309 peers)

Coverage in Michigan

The Kendall Group Employee Stock Ownership Plan covers 1,907 participants in Michigan, 3.0x the typical Michigan plan (state average ~638 per filing). Assets: $808M.

#6,244
in Wholesale Trade (6,309 peers)
+11.4%
assets growth YoY
8.1×
vs typical plan assets (national mean)

The Kendall Group Employee Stock Ownership Plan's outsized position by total assets

The Kendall Group Employee Stock Ownership Plan vs every filed plan by assets

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

$808,091,077 Top 2% higher than 98% of 127,068 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 2023

The Kendall Group Employee Stock Ownership Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Kendall Group Employee Stock Ownership Plan lands in the large band (1,907 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Kendall Group Employee Stock Ownership Plan reported net income rose from $319K in the plan year 2022 filing to $83M in the plan year 2023 filing.
  • The Kendall Group Employee Stock Ownership Plan end-of-year assets rose from $726M in the plan year 2022 filing to $808M in the plan year 2023 filing.
  • The Kendall Group Employee Stock Ownership Plan reported participants rose from 1,817 in the plan year 2022 filing to 1,907 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 382023622 · The Kendall Group Employee Stock Ownership Plan PY 2023 · ESOP

The Kendall Group Employee Stock Ownership Plan · $808M · 1,907 · 98th

  • BOOK $808M
  • VS-ST 1,907
  • BOY 98th
  • SCH ESOP
  • EBSA near Raymond James Financial, Inc. & Affiliates Employee Stock Ownership Plan
  • PART ind #6244

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 →

The Kendall Group Employee Stock Ownership Plan in the asset neighbourhood

Stewart's Shops Corp Employee Stock Ownership PlanStewart's Shops Corp Employe…$877MEmployee Owned Brands, Inc. Employee Stock Ownership PlanEmployee Owned Brands, Inc. …$864MScheels Employee Stock Ownership PlanScheels Employee Stock Owner…$838MRaymond James Financial, Inc. & Affiliates Employee Stock Ownership PlanRaymond James Financial, Inc…$836MThe Kendall Group Employee Stock Ownership PlanThe Kendall Group Employee S…$808M
End-of-year total assets ($M) among The Kendall Group Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Michigan filing particulars

Total Assets (Beginning of Year)$726M
Net Assets (End of Year)$808M
Net Income$83M
Employer EIN382023622
Plan Effective Date1989-09-30
Filing StatusFILING RECEIVED

Sponsor Plan History (The Kendall Group Employee Stock Ownership Plan)

Sponsor-wide plan assets over time

All The Kendall Group Employee Stock Ownership Plan plans reported in each filing year

Latest sponsor-wide plan assets
$1.1B 23.469042424248517% vs 2022
2024 filing year
$0.8B$0.9B$1B$1.1B$1.2B 202220232024 $0.92B $1.13B ▲ +22.8%
Year Plans Participants Total Assets
2022 2 3,116 $915M
2023 2 3,448 $1.0B
2024 2 3,596 $1.1B

Nearby ESOP Plans in Michigan

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

The Kendall Group Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants Scatter plot of 6 data points. 0500100015002000 00.511.5 Total assets ($B) Participants The Kendall Group Employee Stock Ownership Plan, Total assets ($B): 0.808091077 · Participants: 1907The Kendall Group Employee Stock Ownership PlanMcnaughton-Mckay Electric Company Employee Stock Ownership Plan, Total assets ($B): 1.30777109 · Participants: 1635Mcnaughton-Mckay Electric Company Employee Stock Ownership PlanProject Worldwide, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.436210284 · Participants: 1173Project Worldwide, Inc. Employee Stock Ownership PlanMotor City Electric Co. Employee Stock Ownership Plan, Total assets ($B): 0.258079249 · Participants: 207Motor City Electric Co. Employee Stock Ownership PlanLee Contracting, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.237688318 · Participants: 500Lee Contracting, Inc. Employee Stock Ownership PlanNational Nail Corp. Employee Stock Ownership Plan, Total assets ($B): 0.229676649 · Participants: 172National Nail Corp. Employee Stock Ownership Plan
The Kendall Group Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare The Kendall Group Employee Stock Ownership Plan side-by-side with 3 peers →

The Kendall Group Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Michigan, the nearest ESOP by assets is Raymond James Financial, Inc. & Affiliates Employee Stock Ownership Plan in FL ($836M); by covered participants it is Mortenson Dental Partners Employee Stock Ownership Plan in KY (1,905 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,907 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 The Kendall Group Employee Stock Ownership Plan assets move in 2023? ▼
The Kendall Group Employee Stock Ownership Plan grew at a solid clip - up 11.4% during 2023, from $726M to $808M. Reported net income was $83M.
How have The Kendall Group Employee Stock Ownership Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Kendall Group Employee Stock Ownership Plan's sponsor-wide assets grew 23.5%, from $915M to $1.1B.
Where does The Kendall Group Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
The Kendall Group Employee Stock Ownership Plan ranks in the 98th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which ESOP plans are similar in size to The Kendall Group Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Raymond James Financial, Inc. & Affiliates Employee Stock Ownership Plan in FL ($836M, 15,500 participants).
Which ESOP plans cover a similar participant headcount to The Kendall Group Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Mortenson Dental Partners Employee Stock Ownership Plan in KY (1,905 participants, $64M 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 382023622.

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.