ESOP · DOL Form 5500 · 2024

Libra Industries, Inc. of Michigan ESOP

Data updated 2026-08-25

$17M
Total assets Small plan by assets
47
Participants Small participant base
67th
Percentile by assets National rank
$363,109
Avg per participant High balance/head
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Official DOL plan name: Libra Industries, Inc. of Michigan Employee Stock Ownership Plan · Sponsored by Libra Industries, Inc. of Michigan · Michigan · Professional & Technical Services

$17M in assets, 47 participants

Libra Industries, Inc. of Michigan's Libra Industries, Inc. of Michigan Employee Stock Ownership Plan reported $17M in total assets and 47 participants in its 2024 DOL Form 5500 filing, ranking in the 67th 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.

  • #13,362 in Professional & Technical Services (20,173 peers)

Libra Industries, Inc. of Michigan multi-year trail

Libra Industries, Inc. of Michigan's plans moved +70.7% in assets from 2022 to 2024; this filing shows Libra Industries, Inc. of Michigan Employee Stock Ownership Plan at $17M / 47 participants.

#13,362
in Professional & Technical Services (20,173 peers)
+31.0%
assets growth YoY

Libra Industries, Inc. of Michigan Employee Stock Ownership Plan's outsized position by total assets

Libra Industries, Inc. of Michigan Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$17,066,143 Top 33% higher than 67% of 123,620 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 2024

Libra Industries, Inc. of Michigan Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Libra Industries, Inc. of Michigan Employee Stock Ownership Plan is a small filing (47 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Libra Industries, Inc. of Michigan Employee Stock Ownership Plan reported net income rose from $3M in the plan year 2023 filing to $4M in the plan year 2024 filing.
  • Libra Industries, Inc. of Michigan Employee Stock Ownership Plan end-of-year assets rose from $13M in the plan year 2023 filing to $17M in the plan year 2024 filing.
  • Libra Industries, Inc. of Michigan Employee Stock Ownership Plan reported participants rose from 36 in the plan year 2023 filing to 47 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 381894102 · Libra Industries, Inc. of Michigan PY 2024 · ESOP

Libra Industries, Inc. of Michigan Employee Stock Ownership Plan · $17M · 47 · 67th

  • VS-ST $17M
  • VS-ST 47
  • VS-ST 67th
  • VS-ST ESOP
  • VS-ST near Lake Bank Shares, Inc. Employee Stock Ownership Plan
  • VS-ST ind #13362

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 →

Libra Industries, Inc. of Michigan Employee Stock Ownership Plan in the asset neighbourhood

B & D Industrial, Inc. Employee Stock Ownership PlanB & D Industrial, Inc. Emplo…$17MDaigle Oil Company Employee Stock Ownership PlanDaigle Oil Company Employee …$17MLibra Industries, Inc. of Michigan Employee Stock Ownership PlanLibra Industries, Inc. of Mi…$17MLake Bank Shares, Inc. Employee Stock Ownership PlanLake Bank Shares, Inc. Emplo…$17MSymmes Maini & Mckee Associates, Inc. Employee Stock Ownership PlanSymmes Maini & Mckee Associa…$17M
End-of-year total assets ($M) among Libra Industries, Inc. of Michigan Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Libra Industries, Inc. of Michigan multi-year asset trail

Sponsor-wide plan assets over time

All Libra Industries, Inc. of Michigan plans reported in each filing year

Latest sponsor-wide plan assets
$17M 70.7104238916569% vs 2022
2024 filing year
$5M$10M$15M$20M 202220232024 $10M $17.1M ▲ +70.7%
Year Plans Participants Total Assets
2022 1 41 $10M
2023 1 36 $13M
2024 1 47 $17M

Libra Industries, Inc. of Michigan filing trail (2024)

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$12M
Net Income$4M
Employer EIN381894102
Plan Effective Date1985-04-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Michigan

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

Libra Industries, Inc. of Michigan Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants Scatter plot of 6 data points. -50005001000150020002500 -0.500.511.52 Total assets ($B) Participants Libra Industries, Inc. of Michigan Employee Stock Ownership Plan, Total assets ($B): 0.017066143 · Participants: 47Libra Industries, Inc. of Michigan Employee Stock Ownership PlanMcnaughton-Mckay Electric Company Employee Stock Ownership Plan, Total assets ($B): 1.551258212 · Participants: 1780Mcnaughton-Mckay Electric Company Employee Stock Ownership PlanThe Kendall Group Employee Stock Ownership Plan, Total assets ($B): 0.899849551 · Participants: 1936The Kendall Group Employee Stock Ownership PlanProject Worldwide, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.452711138 · Participants: 1284Project Worldwide, Inc. Employee Stock Ownership PlanMotor City Electric Co. Employee Stock Ownership Plan, Total assets ($B): 0.410252812 · Participants: 218Motor City Electric Co. Employee Stock Ownership PlanLee Contracting, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.250474411 · Participants: 565Lee Contracting, Inc. Employee Stock Ownership Plan
Libra Industries, Inc. of Michigan Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Libra Industries, Inc. of Michigan Employee Stock Ownership Plan side-by-side with 3 peers →

Libra Industries, Inc. of Michigan Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Michigan, the nearest ESOP by assets is Lake Bank Shares, Inc. Employee Stock Ownership Plan in MN ($17M); by covered participants it is Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan in FL (47 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (47 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.

Frequently Asked Questions

How did Libra Industries, Inc. of Michigan Employee Stock Ownership Plan assets move in 2024? ▼
Libra Industries, Inc. of Michigan Employee Stock Ownership Plan surged - up 31.0% during 2024, from $13M to $17M. Reported net income was $4M.
How have Libra Industries, Inc. of Michigan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Libra Industries, Inc. of Michigan's sponsor-wide assets grew 70.7%, from $10M to $17M.
Which ESOP plans are similar in size to Libra Industries, Inc. of Michigan Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Lake Bank Shares, Inc. Employee Stock Ownership Plan in MN ($17M, 24 participants).
Which ESOP plans cover a similar participant headcount to Libra Industries, Inc. of Michigan Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan in FL (47 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 381894102.

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.