ESOP · DOL Form 5500 · 2023

Motor City Electric Co. ESOP

Data updated 2026-08-25

$258M
Total assets Near avg plan size
207
Participants Below avg headcount
96th
Percentile by assets National rank
$1.2M
Avg per participant High balance/head
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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.

  • #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.

#8,564
in Construction (9,030 peers)
+35.1%
assets growth YoY
2.6×
vs typical plan assets (national mean)

Motor City Electric Co. Employee Stock Ownership Plan's outsized position by total assets

Motor City Electric Co. Employee Stock Ownership Plan vs every filed plan by assets

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

$258,079,249 Top 4% higher than 96% 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. Employee Stock Ownership 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. Employee Stock Ownership Plan sits mid-pack in the medium band (207 participants).

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.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 381405142 · Motor City Electric Co. PY 2023 · ESOP

Motor City Electric Co. Employee Stock Ownership Plan · $258M · 207 · 96th

  • PCT $258M
  • PCT 207
  • PCT 96th
  • PCT ESOP
  • PCT near Imeg Corp. Employee Stock Ownership Plan
  • PCT ind #8564

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 →

Motor City Electric Co. Employee Stock Ownership Plan in the asset neighbourhood

Hatco Corporation Employee Stock Ownership PlanHatco Corporation Employee S…$262MImeg Corp. Employee Stock Ownership PlanImeg Corp. Employee Stock Ow…$258MMotor City Electric Co. Employee Stock Ownership PlanMotor City Electric Co. Empl…$258MNewage Industries, Inc. Employee Stock Ownership PlanNewage Industries, Inc. Empl…$258MNorco, Inc. Employee Stock Ownership PlanNorco, Inc. Employee Stock O…$256M
End-of-year total assets ($M) among Motor City Electric Co. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Michigan filing particulars

Total Assets (Beginning of Year)$191M
Net Assets (End of Year)$249M
Net Income$67M
Employer EIN381405142
Plan Effective Date2018-10-01
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 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 Scatter plot of 6 data points. 0500100015002000 00.511.5 Total assets ($B) Participants Motor City Electric Co. Employee Stock Ownership Plan, Total assets ($B): 0.258079249 · Participants: 207Motor City Electric Co. Employee Stock Ownership PlanMcnaughton-Mckay Electric Company Employee Stock Ownership Plan, Total assets ($B): 1.30777109 · Participants: 1635Mcnaughton-Mckay Electric Company Employee Stock Ownership PlanThe Kendall Group Employee Stock Ownership Plan, Total assets ($B): 0.808091077 · Participants: 1907The Kendall Group Employee Stock Ownership PlanProject Worldwide, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.436210284 · Participants: 1173Project Worldwide, Inc. Employee Stock Ownership PlanLee Contracting, Inc. Employee Stock Ownership Plan, Total assets ($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
Motor City Electric Co. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Motor City Electric Co. Employee Stock Ownership Plan side-by-side with 3 peers →

Motor City Electric Co. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Michigan, the nearest ESOP by assets is Imeg Corp. Employee Stock Ownership Plan in IL ($258M); by covered participants it is E&m Logistics Inc. Employee Stock Ownership Plan in NY (207 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (207 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. Employee Stock Ownership Plan assets move in 2023? ▼
Motor City Electric Co. Employee Stock Ownership Plan surged - up 35.1% during 2023, from $191M to $258M. Reported net income was $67M.
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. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Motor City Electric Co. Employee Stock Ownership Plan ranks in the 96th 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 Motor City Electric Co. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Imeg Corp. Employee Stock Ownership Plan in IL ($258M, 1,851 participants).
Which ESOP plans cover a similar participant headcount to Motor City Electric Co. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is E&m Logistics Inc. Employee Stock Ownership Plan in NY (207 participants, $22M 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.