ESOP · DOL Form 5500 · 2024

Seaman's Air Conditioning & Refrigeration Dba Seaman's Mechanical ESOP

Data updated 2026-08-25

$474K
Total assets Small plan by assets
70
Participants Small participant base
17th
Percentile by assets National rank
$6,776
Avg per participant Low balance/head
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Official DOL plan name: Seaman's Employee Stock Ownership Plan · Sponsored by Seaman's Air Conditioning & Refrigeration Dba Seaman's Mechanical · Michigan · Construction

$474K in assets, 70 participants

Seaman's Air Conditioning & Refrigeration Dba Seaman's Mechanical's Seaman's Employee Stock Ownership Plan reported $474K in total assets and 70 participants in its 2024 DOL Form 5500 filing, ranking in the 17th 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.

  • #1,502 in Construction (9,039 peers)

Seaman's Air Conditioning & Refrigeration Dba Seaman's Mechanical multi-year trail

Seaman's Air Conditioning & Refrigeration Dba Seaman's Mechanical's plans moved -50.8% in assets from 2023 to 2024; this filing shows Seaman's Employee Stock Ownership Plan at $474K / 70 participants.

#1,502
in Construction (9,039 peers)
-50.8%
assets change YoY

Seaman's Employee Stock Ownership Plan among the smaller filed plans by assets

Seaman's Employee Stock Ownership Plan vs every filed plan by assets

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

$474,330 17th percentile higher than 17% 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

Seaman's 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. Seaman's Employee Stock Ownership Plan is a small filing (70 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Seaman's Employee Stock Ownership Plan reported net income rose from -$13M in the plan year 2023 filing to $635K in the plan year 2024 filing.
  • Seaman's Employee Stock Ownership Plan end-of-year assets fell from $964K in the plan year 2023 filing to $474K in the plan year 2024 filing.
  • Seaman's Employee Stock Ownership Plan reported participants fell from 83 in the plan year 2023 filing to 70 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 381887359 · Seaman's Air Conditioning & Refrigeration Dba Seaman's Mechanical PY 2024 · ESOP

Seaman's Employee Stock Ownership Plan · $474K · 70 · 17th

  • ASSETS $474K
  • ASSETS 70
  • ASSETS 17th
  • ASSETS ESOP
  • ASSETS near V W International, Inc. Employee Stock Ownership Plan
  • ASSETS ind #1502

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 →

Seaman's Employee Stock Ownership Plan in the asset neighbourhood

V W International, Inc. Employee Stock Ownership PlanV W International, Inc. Empl…$477KEfs Wealth Management Employee Stock Opwnership PlanEfs Wealth Management Employ…$477KHiawatha Rubber Co. Employee Stock Ownership Plan and TrustHiawatha Rubber Co. Employee…$478KSeaman's Employee Stock Ownership PlanSeaman's Employee Stock Owne…$474KTnbank Employee Stock Ownership PlanTnbank Employee Stock Owners…$472K
End-of-year total assets ($M) among Seaman's Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Seaman's Air Conditioning & Refrigeration Dba Seaman's Mechanical multi-year asset trail

Sponsor-wide plan assets over time

All Seaman's Air Conditioning & Refrigeration Dba Seaman's Mechanical plans reported in each filing year

Latest sponsor-wide plan assets
$474K 50.78849625464279% vs 2023
2024 filing year
$0.4M$0.6M$0.8M$1M$1.2M 20232024 $0.96M $0.47M ▼ -51.0%
Year Plans Participants Total Assets
2023 1 83 $964K
2024 1 70 $474K

Seaman's Air Conditioning & Refrigeration Dba Seaman's Mechanical filing trail (2024)

Total Assets (Beginning of Year)$964K
Net Assets (End of Year)-$11M
Net Income$635K
Employer EIN381887359
Plan Effective Date2022-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Michigan

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

Seaman's 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 ($B) Participants Seaman's Employee Stock Ownership Plan, Total assets ($B): 0.00047433 · Participants: 70Seaman's 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
Seaman's Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants

Seaman's Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Michigan, the nearest ESOP by assets is V W International, Inc. Employee Stock Ownership Plan in FL ($477K); by covered participants it is Delta Pipeline Inc. Employee Stock Ownership Plan in CA (70 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (70 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 Seaman's Employee Stock Ownership Plan assets move in 2024?
Seaman's Employee Stock Ownership Plan contracted severely - down 50.8% during 2024, from $964K to $474K. Reported net income was $635K.
How have Seaman's Air Conditioning & Refrigeration Dba Seaman's Mechanical plan assets changed over time?
Across 2 plan years on file (2023-2024), Seaman's Air Conditioning & Refrigeration Dba Seaman's Mechanical's sponsor-wide assets declined 50.8%, from $964K to $474K.
Where does Seaman's Employee Stock Ownership Plan rank by assets among Form 5500 filers?
Seaman's Employee Stock Ownership Plan ranks in the 17th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the smaller plans by assets on file).
Which ESOP plans are similar in size to Seaman's Employee Stock Ownership Plan?
Among ESOP plans in other states, the closest by assets is V W International, Inc. Employee Stock Ownership Plan in FL ($477K, 32 participants).
Which ESOP plans cover a similar participant headcount to Seaman's Employee Stock Ownership Plan?
Among ESOP plans in other states, the closest by covered participants is Delta Pipeline Inc. Employee Stock Ownership Plan in CA (70 participants, $13M in assets).