401(k) · DOL Form 5500 · 2023

Motor City Electric Co. 401(k) Plan

Data updated 2026-08-25

$48M
Total assets Below avg plan size
213
Participants Below avg headcount
85th
Percentile by assets National rank
$225,914
Avg per participant Above avg balance/head
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Official DOL plan name: Motor City Electric Co. Retirement Plan · Sponsored by Motor City Electric Co. · Michigan · Construction

$48M in assets, 213 participants

Motor City Electric Co.'s Motor City Electric Co. Retirement Plan reported $48M in total assets and 213 participants in its 2023 DOL Form 5500 filing, ranking in the 85th 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.

  • #7,495 in Construction (9,030 peers)

Coverage in Michigan

Motor City Electric Co. Retirement Plan covers 213 participants in Michigan, about 33% of the average Michigan filer (state average ~638 per filing). Assets: $48M.

#7,495
in Construction (9,030 peers)
+17.1%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Motor City Electric Co. Retirement Plan's outsized position by total assets

Motor City Electric Co. Retirement Plan vs every filed plan by assets

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

$48,119,751 Top 15% higher than 85% 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

Motor City Electric Co. Retirement Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Motor City Electric Co. Retirement Plan sits mid-pack in the medium band (213 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Motor City Electric Co. Retirement Plan reported net income rose from $5M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Motor City Electric Co. Retirement Plan end-of-year assets rose from $41M in the plan year 2022 filing to $48M in the plan year 2023 filing.
  • Motor City Electric Co. Retirement Plan reported participants rose from 194 in the plan year 2022 filing to 213 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 381405142 · Motor City Electric Co. PY 2023 · 401(k)

Motor City Electric Co. Retirement Plan · $48M · 213 · 85th

  • 5500 $48M
  • 5500 213
  • 5500 85th
  • 5500 401(k)
  • 5500 near Ripple Labs 401(k) Plan
  • 5500 ind #7495

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 Construction retirement plans → · Plans in Michigan →

Motor City Electric Co. Retirement Plan in the asset neighbourhood

Motor City Electric Co. Retirement PlanMotor City Electric Co. Reti…$48MRipple Labs 401(k) Plan$48MPacific Companies 401(k) Plan$48MArrow Exterminators, Inc. 401(k) PlanArrow Exterminators, Inc. 40…$48MKraemer North America, LLC 401(k) Savings PlanKraemer North America, LLC 4…$48M
End-of-year total assets ($M) among Motor City Electric Co. Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Michigan filing particulars

Total Assets (Beginning of Year)$41M
Net Assets (End of Year)$48M
Net Income$7M
Employer EIN381405142
Plan Effective Date1984-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Motor City Electric Co.)

Sponsor-wide plan assets over time

All Motor City Electric Co. plans reported in each filing year

Latest sponsor-wide plan assets
$466M 100.51808230060202% vs 2022
2024 filing year
$200M$300M$400M$500M 202220232024 $232M $466M ▲ +100.5%
Year Plans Participants Total Assets
2022 2 403 $232M
2023 2 420 $306M
2024 2 439 $466M

Nearby 401(k) Plans in Michigan

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Motor City Electric Co. Retirement Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -50510152025 Total assets ($B) Participants Motor City Electric Co. Retirement Plan, Total assets ($B): 0.048119751 · Participants: 213Motor City Electric Co. Retirement PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 20.378449285 · Participants: 47299General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 15.588575271 · Participants: 30516Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.084842211 · Participants: 18088The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 8.580684909 · Participants: 40393The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 7.617084451 · Participants: 59195Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Motor City Electric Co. Retirement Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Motor City Electric Co. Retirement Plan side-by-side with 3 peers →

Motor City Electric Co. Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Ripple Labs 401(k) Plan in CA ($48M); by covered participants it is Bnccorp, Inc. 401(k) Savings Plan in ND (213 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($48M here).

Similar participant headcount

Nearest other-state filings by covered participants (213 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 Motor City Electric Co. Retirement Plan assets move in 2023? ▼
Motor City Electric Co. Retirement Plan grew sharply - up 17.1% during 2023, from $41M to $48M. Reported net income was $7M.
How have Motor City Electric Co. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Motor City Electric Co.'s sponsor-wide assets grew 100.5%, from $232M to $466M.
Where does Motor City Electric Co. Retirement Plan rank by assets among Form 5500 filers? ▼
Motor City Electric Co. Retirement Plan ranks in the 85th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Motor City Electric Co. Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Ripple Labs 401(k) Plan in CA ($48M, 558 participants).
Which 401(k) plans cover a similar participant headcount to Motor City Electric Co. Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Bnccorp, Inc. 401(k) Savings Plan in ND (213 participants, $38M 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 381405142.

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.