ESOP · DOL Form 5500 · 2024

Max Grigsby Company, Inc. ESOP

Data updated 2026-08-25

$6M
Total assets Small plan by assets
132
Participants Small participant base
46th
Percentile by assets National rank
$46,138
Avg per participant Low balance/head
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Official DOL plan name: Mgc, Inc. Employee Stock Ownership Plan · Sponsored by Max Grigsby Company, Inc. · Texas · Construction

$6M in assets, 132 participants

Max Grigsby Company, Inc.'s Mgc, Inc. Employee Stock Ownership Plan reported $6M in total assets and 132 participants in its 2024 DOL Form 5500 filing, ranking in the 46th 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.

  • #3,992 in Construction (9,039 peers)

Coverage in Texas

Mgc, Inc. Employee Stock Ownership Plan covers 132 participants in Texas, about 19% of the average Texas filer (state average ~688 per filing). Assets: $6M.

#3,992
in Construction (9,039 peers)
+239.0%
assets growth YoY

Mgc, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Construction and all filers

Mgc, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$6,090,263 46th percentile higher than 46% 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

Mgc, Inc. Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mgc, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (132 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Mgc, Inc. Employee Stock Ownership Plan end-of-year assets rose from $2M in the plan year 2023 filing to $6M in the plan year 2024 filing.
  • Mgc, Inc. Employee Stock Ownership Plan reported net income rose from -$12M in the plan year 2023 filing to $5M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 741781826 · Max Grigsby Company, Inc. PY 2024 · ESOP

Mgc, Inc. Employee Stock Ownership Plan · $6M · 132 · 46th

  • BOOK $6M
  • VS-ST 132
  • BOY 46th
  • SCH ESOP
  • EBSA near Solutionware, Inc. Employee Stock Ownership Plan and Trust
  • PART ind #3992

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 Texas →

Mgc, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Mgc, Inc. Employee Stock Ownership PlanMgc, Inc. Employee Stock Own…$6MSolutionware, Inc. Employee Stock Ownership Plan and TrustSolutionware, Inc. Employee …$6MBelshire Holdings, Inc. Employee Stock Ownership PlanBelshire Holdings, Inc. Empl…$6MTessere, Inc. Employee Stock Ownership PlanTessere, Inc. Employee Stock…$6MMattson & Co. Employee Stock Ownership PlanMattson & Co. Employee Stock…$6M
End-of-year total assets ($M) among Mgc, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Texas filing particulars

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)-$8M
Net Income$5M
Employer EIN741781826
Plan Effective Date2022-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Max Grigsby Company, Inc.)

Sponsor-wide plan assets over time

All Max Grigsby Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$15M 142.2521782950777% vs 2022
2024 filing year
$5M$10M$15M$20M 202220232024 $6.15M $14.9M ▲ +142.3%
Year Plans Participants Total Assets
2022 1 129 $6M
2023 2 283 $9M
2024 2 276 $15M

Nearby ESOP Plans in Texas

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

Mgc, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Texas, assets vs. participants Scatter plot of 6 data points. -20000200040006000800010000 -100102030 Total assets ($B) Participants Mgc, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.006090263 · Participants: 132Mgc, Inc. Employee Stock Ownership PlanSammons Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($B): 23.876523932 · Participants: 3284Sammons Enterprises, Inc. Employee Stock Ownership PlanHighland Homes Employee Stock Ownership Plan, Total assets ($B): 0.982965144 · Participants: 891Highland Homes Employee Stock Ownership PlanAustin Industries Employee Stock Ownership Plan, Total assets ($B): 0.527193522 · Participants: 7703Austin Industries Employee Stock Ownership PlanLja Engineering, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.493492368 · Participants: 1799Lja Engineering, Inc. Employee Stock Ownership PlanAir Tractor Holdings, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.40134922 · Participants: 350Air Tractor Holdings, Inc. Employee Stock Ownership Plan
Mgc, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Texas, assets vs. participants
Compare Mgc, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Texas, the nearest ESOP by assets is Solutionware, Inc. Employee Stock Ownership Plan and Trust in IL ($6M); by covered participants it is Charles River Analytics, Inc. Employee Stock Ownership Plan in MA (132 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (132 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 Mgc, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Mgc, Inc. Employee Stock Ownership Plan surged - up 239.0% during 2024, from $2M to $6M. Reported net income was $5M.
How have Max Grigsby Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Max Grigsby Company, Inc.'s sponsor-wide assets grew 142.3%, from $6M to $15M.
Which ESOP plans are similar in size to Mgc, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Solutionware, Inc. Employee Stock Ownership Plan and Trust in IL ($6M, 2 participants).
Which ESOP plans cover a similar participant headcount to Mgc, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Charles River Analytics, Inc. Employee Stock Ownership Plan in MA (132 participants, $29M 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 741781826.

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.