ESOP · DOL Form 5500 · 2023

Mhs Lift Holdings, Inc. ESOP

Data updated 2026-08-25

$39M
Total assets Below avg plan size
195
Participants Below avg headcount
83rd
Percentile by assets National rank
$198,718
Avg per participant Above avg balance/head
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Official DOL plan name: Mhs Lift Holdings, Inc. ESOP · Sponsored by Mhs Lift Holdings, Inc. · New Jersey · Wholesale Trade

$39M in assets, 195 participants

Mhs Lift Holdings, Inc.'s Mhs Lift Holdings, Inc. ESOP reported $39M in total assets and 195 participants in its 2023 DOL Form 5500 filing, ranking in the 83rd 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.

  • #5,232 in Wholesale Trade (6,309 peers)

Coverage in New Jersey

Mhs Lift Holdings, Inc. ESOP covers 195 participants in New Jersey, about 23% of the average New Jersey filer (state average ~844 per filing). Assets: $39M.

#5,232
in Wholesale Trade (6,309 peers)
+13.5%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Mhs Lift Holdings, Inc. ESOP's outsized position by total assets

Mhs Lift Holdings, Inc. ESOP vs every filed plan by assets

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

$38,750,000 Top 17% higher than 83% 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

Mhs Lift Holdings, Inc. ESOP 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. Mhs Lift Holdings, Inc. ESOP sits mid-pack in the medium band (195 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Mhs Lift Holdings, Inc. ESOP reported net income fell from $32M in the plan year 2022 filing to $15M in the plan year 2023 filing.
  • Mhs Lift Holdings, Inc. ESOP end-of-year assets rose from $34M in the plan year 2022 filing to $39M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 920845025 · Mhs Lift Holdings, Inc. PY 2023 · ESOP

Mhs Lift Holdings, Inc. ESOP · $39M · 195 · 83rd

  • EOY $39M
  • EOY 195
  • EOY 83rd
  • EOY ESOP
  • EOY near The Ramkota Companies, Inc. Employee Stock Ownership Plan and Trust
  • EOY ind #5232

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 New Jersey →

Mhs Lift Holdings, Inc. ESOP in the asset neighbourhood

Keller, Schroeder & Associates, Inc. Employee Stock Ownership PlanKeller, Schroeder & Associat…$39MMhs Lift Holdings, Inc. ESOP$39MThe Ramkota Companies, Inc. Employee Stock Ownership Plan and TrustThe Ramkota Companies, Inc. …$39MLabrepco Employee Stock Ownership PlanLabrepco Employee Stock Owne…$39MFinancial Business Systems, Inc. 2013 Amended and Restated Employee Stock Ownership PlanFinancial Business Systems, …$39M
End-of-year total assets ($M) among Mhs Lift Holdings, Inc. ESOP and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)$34M
Net Assets (End of Year)-$79M
Net Income$15M
Employer EIN920845025
Plan Effective Date2021-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mhs Lift Holdings, Inc.)

Sponsor-wide plan assets over time

All Mhs Lift Holdings, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$39M 13.503222026947862% vs 2022
2023 filing year
$32M$34M$36M$38M$40M 20222023 $34.1M $38.8M ▲ +13.5%
Year Plans Participants Total Assets
2022 1 196 $34M
2023 1 195 $39M

Nearby ESOP Plans in New Jersey

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

Mhs Lift Holdings, Inc. ESOP vs. nearby ESOP plans in New Jersey, assets vs. participants Scatter plot of 6 data points. 0500100015002000 0100200300400500 Total assets ($M) Participants Mhs Lift Holdings, Inc. ESOP, Total assets ($M): 38.75 · Participants: 195Mhs Lift Holdings, Inc. ESOPOkonite Company Employees Stock Ownership Plan, Total assets ($M): 420.904787 · Participants: 1127Okonite Company Employees Stock Ownership PlanMathematica Group Holding Inc. Employee Stock Ownership Plan, Total assets ($M): 309.109417 · Participants: 1571Mathematica Group Holding Inc. Employee Stock Ownership PlanConair LLC Savings and Investment Plan, Total assets ($M): 300.696739 · Participants: 1050Conair LLC Savings and Investment PlanAmboy Bancorporation Employee Stock Ownership Plan, Total assets ($M): 106.542135 · Participants: 193Amboy Bancorporation Employee Stock Ownership PlanColumbia Bank Employee Stock Ownership Plan, Total assets ($M): 85.571031 · Participants: 729Columbia Bank Employee Stock Ownership Plan
Mhs Lift Holdings, Inc. ESOP vs. nearby ESOP plans in New Jersey, assets vs. participants
Compare Mhs Lift Holdings, Inc. ESOP side-by-side with 3 peers →

Mhs Lift Holdings, Inc. ESOP's out-of-state ESOP peers by assets and headcount

Outside New Jersey, the nearest ESOP by assets is The Ramkota Companies, Inc. Employee Stock Ownership Plan and Trust in SD ($39M); by covered participants it is Larson Engineering, Inc. First Restated Employee Stock Ownership Plan and Trust in MN (195 participants). Same-state nearby plans are listed separately above.

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 Mhs Lift Holdings, Inc. ESOP assets move in 2023? ▼
Mhs Lift Holdings, Inc. ESOP grew at a solid clip - up 13.5% during 2023, from $34M to $39M. Reported net income was $15M.
How have Mhs Lift Holdings, Inc. plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), Mhs Lift Holdings, Inc.'s sponsor-wide assets grew 13.5%, from $34M to $39M.
Where does Mhs Lift Holdings, Inc. ESOP rank by assets among Form 5500 filers? ▼
Mhs Lift Holdings, Inc. ESOP ranks in the 83rd 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 ESOP plans are similar in size to Mhs Lift Holdings, Inc. ESOP? ▼
Among ESOP plans in other states, the closest by assets is The Ramkota Companies, Inc. Employee Stock Ownership Plan and Trust in SD ($39M, 112 participants).
Which ESOP plans cover a similar participant headcount to Mhs Lift Holdings, Inc. ESOP? ▼
Among ESOP plans in other states, the closest by covered participants is Larson Engineering, Inc. First Restated Employee Stock Ownership Plan and Trust in MN (195 participants, $36M 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 920845025.

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.