ESOP · DOL Form 5500 · 2024

Renkim Corporation ESOP

Data updated 2026-07-24

$11M
Total assets
140
Participants
57th
Percentile by assets
$76,855
Avg per participant
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Official DOL plan name: Renkim Corporation Employee Stock Ownership Plan · Sponsored by Renkim Corporation · Michigan · Information & Media

$11M in assets, 140 participants

Renkim Corporation's Renkim Corporation Employee Stock Ownership Plan reported $11M in total assets and 140 participants in its 2024 DOL Form 5500 filing, ranking in the 57th 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.

  • 57th percentile by assets (of 116,472 plans)

Coverage in Michigan

Renkim Corporation Employee Stock Ownership Plan covers 140 participants in Michigan, about 22% of the average Michigan filer (state average ~632 per filing). Assets: $11M.

$11M
total plan assets (2024 EOY)
140
covered participants
57th
percentile by assets (of 116,472 plans)
$76,855
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Renkim Corporation Employee Stock Ownership Plan reported net income rose from $239K in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Renkim Corporation Employee Stock Ownership Plan end-of-year assets rose from $9M in the plan year 2023 filing to $11M in the plan year 2024 filing.
  • Renkim Corporation Employee Stock Ownership Plan reported participants rose from 134 in the plan year 2023 filing to 140 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Participants vs Michigan filers

In Michigan, the average filing covers about 632 participants across 3,963 plans. Renkim Corporation Employee Stock Ownership Plan reports 140 participants - about 22% of that state average ($11M EOY assets).

Michigan filing particulars

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$11M
Net Income$2M
Employer EIN382421198
Plan Effective Date2000-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Renkim Corporation)

$15M$16M$17M$18M$19M 202220232024 $15.7M $18M ▲ +14.8%
Total plan assets by year, all Renkim Corporation plans on file
Year Plans Participants Total Assets
2022 2 248 $16M
2023 2 261 $16M
2024 2 272 $18M

Nearby ESOP Plans in Michigan

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

Renkim Corporation Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants

Renkim Corporation Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants Scatter plot of 6 data points. -5000500100015002000 -0.500.511.52 Total assets ($B) Participants Renkim Corporation E…Mcnaughton-Mckay Ele…Project Worldwide, I…Lee Contracting, Inc…Angelo Iafrate, Inc.…National Nail Corp. …
Renkim Corporation Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Renkim Corporation Employee Stock Ownership Plan by total assets, not by location.

Frequently Asked Questions

How did Renkim Corporation Employee Stock Ownership Plan assets move in 2024?
Renkim Corporation Employee Stock Ownership Plan grew sharply - up 16.4% during 2024, from $9M to $11M. Reported net income was $2M.
How have Renkim Corporation plan assets changed over time?
Across 3 plan years on file (2022-2024), Renkim Corporation's sponsor-wide assets grew 14.8%, from $16M to $18M.
Which ESOP plans are similar in size to Renkim Corporation Employee Stock Ownership Plan?
Among ESOP plans in other states, the closest by assets is Valley Premier Bank Employee Stock Ownership Plan & Trust in MN ($11M, 23 participants).

Next read for Renkim Corporation Employee Stock Owners…

Filing takeaways

Ways to act on Renkim Corporation Employee Stock Ownership Plan's numbers.

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 382421198.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.