ESOP · DOL Form 5500 · 2023
Motor City Electric Co. ESOP
Data updated 2026-08-11
- $258M
- Total assets
- 207
- Participants
- 96th
- Percentile by assets
- $1.2M
- Avg per participant
Official DOL plan name: Motor City Electric Co. Employee Stock Ownership Plan · Sponsored by Motor City Electric Co. · Michigan · Construction
$258M in assets, 207 participants
Motor City Electric Co.'s Motor City Electric Co. Employee Stock Ownership Plan reported $258M in total assets and 207 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.
- 96th percentile by assets (of 127,072 plans)
- #8,564 in Construction (9,030 peers)
Coverage in Michigan
Motor City Electric Co. Employee Stock Ownership Plan covers 207 participants in Michigan, about 32% of the average Michigan filer (state average ~638 per filing). Assets: $258M.
- $258M
- total plan assets (2023 EOY)
- 207
- covered participants
- 96th
- percentile by assets (of 127,072 plans)
- $1.2M
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Motor City Electric Co. Employee Stock Ownership Plan reported net income rose from $44M in the plan year 2022 filing to $67M in the plan year 2023 filing.
- Motor City Electric Co. Employee Stock Ownership Plan end-of-year assets rose from $191M in the plan year 2022 filing to $258M in the plan year 2023 filing.
Participants vs Michigan filers
In Michigan, the average filing covers about 638 participants across 4,220 plans. Motor City Electric Co. Employee Stock Ownership Plan reports 207 participants - about 32% of that state average ($258M EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $191M |
|---|---|
| Net Assets (End of Year) | $249M |
| Net Income | $67M |
| Employer EIN | 381405142 |
| Plan Effective Date | 2018-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Motor City Electric Co.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 403 | $232M |
| 2023 | 2 | 420 | $306M |
| 2024 | 2 | 439 | $466M |
Nearby ESOP Plans in Michigan
Peer ESOP plans, same state, same plan type, ranked by total assets.
Motor City Electric Co. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
- Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan $1.3B · 1,635
- The Kendall Group Employee Stock Ownership Plan $808M · 1,907
- Project Worldwide, Inc. Employee Stock Ownership Plan $436M · 1,173
- Lee Contracting, Inc. Employee Stock Ownership Plan $238M · 500
- National Nail Corp. Employee Stock Ownership Plan $230M · 172
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Motor City Electric Co. Employee Stock Ownership Plan by total assets, not by location.
- Imeg Corp. Employee Stock Ownership Plan (IL) $258M · 1,851
- Newage Industries, Inc. Employee Stock Ownership Plan (PA) $258M · 292
- Norco, Inc. Employee Stock Ownership Plan (ID) $256M · 1,341
- Hatco Corporation Employee Stock Ownership Plan (WI) $262M · 755
Frequently Asked Questions
How did Motor City Electric Co. Employee Stock Ownership Plan assets move in 2023? ▼
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Filing takeaways
Ways to act on Motor City Electric Co. Employee Stock Ownership Plan's numbers.
- By total assets, Motor City Electric Co. Employee Stock Ownership Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Michigan. Compare plans
- Motor City Electric Co.'s sponsor-wide assets have grown 100.5% since 2022 across 3 plan years on file. More Construction plans