ESOP · DOL Form 5500 · 2024

Tool North, Inc. ESOP

Data updated 2026-08-25

$6M
Total assets Small plan by assets
28
Participants Small participant base
46th
Percentile by assets National rank
$226,071
Avg per participant Above avg balance/head
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Official DOL plan name: Tool North, Inc. Employee Stock Ownership Plan · Sponsored by Tool North, Inc. · Michigan · Manufacturing

$6M in assets, 28 participants

Tool North, Inc.'s Tool North, Inc. Employee Stock Ownership Plan reported $6M in total assets and 28 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.

  • #5,314 in Manufacturing (17,777 peers)

Tool North, Inc. multi-year trail

Tool North, Inc.'s plans moved +456.8% in assets from 2022 to 2024; this filing shows Tool North, Inc. Employee Stock Ownership Plan at $6M / 28 participants.

#5,314
in Manufacturing (17,777 peers)
+580.6%
assets growth YoY

Tool North, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Manufacturing and all filers

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

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

$6,330,000 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

Tool North, Inc. 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. Tool North, Inc. Employee Stock Ownership Plan is a small filing (28 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Tool North, Inc. Employee Stock Ownership Plan end-of-year assets rose from $930K in the plan year 2023 filing to $6M in the plan year 2024 filing.
  • Tool North, Inc. Employee Stock Ownership Plan reported net income rose from -$5M in the plan year 2023 filing to $6M in the plan year 2024 filing.
  • Tool North, Inc. Employee Stock Ownership Plan reported participants rose from 27 in the plan year 2023 filing to 28 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 810877376 · Tool North, Inc. PY 2024 · ESOP

Tool North, Inc. Employee Stock Ownership Plan · $6M · 28 · 46th

  • BOOK $6M
  • VS-ST 28
  • BOY 46th
  • SCH ESOP
  • EBSA near Coho Partners, Ltd ESOP Ownership Plan
  • PART ind #5314

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 →

Tool North, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Bowen & Associates Employee Stock Ownership PlanBowen & Associates Employee …$6MTool North, Inc. Employee Stock Ownership PlanTool North, Inc. Employee St…$6MCoho Partners, Ltd ESOP Ownership PlanCoho Partners, Ltd ESOP Owne…$6MA. Reddix & Associates Inc. Employee Stock Ownership PlanA. Reddix & Associates Inc. …$6MSundance State Bank Profit Sharing and Employee Stock Ownership PlanSundance State Bank Profit S…$6M
End-of-year total assets ($M) among Tool North, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Tool North, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Tool North, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$8M 456.7508068917447% vs 2022
2024 filing year
$0M$5M$10M 202220232024 $1.47M $8.17M ▲ +455.8%
Year Plans Participants Total Assets
2022 1 26 $1M
2023 2 58 $3M
2024 2 65 $8M

Tool North, Inc. filing trail (2024)

Total Assets (Beginning of Year)$930K
Net Assets (End of Year)$190K
Net Income$6M
Employer EIN810877376
Plan Effective Date2023-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Michigan

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

Tool North, Inc. 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 ($B) Participants Tool North, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.00633 · Participants: 28Tool North, Inc. 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
Tool North, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Tool North, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Michigan, the nearest ESOP by assets is Coho Partners, Ltd ESOP Ownership Plan in PA ($6M); by covered participants it is Volano Software Company Employee Stock Ownership Plan in NE (28 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (28 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 Tool North, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Tool North, Inc. Employee Stock Ownership Plan surged - up 580.6% during 2024, from $930K to $6M. Reported net income was $6M.
How have Tool North, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Tool North, Inc.'s sponsor-wide assets grew 456.8%, from $1M to $8M.
Which ESOP plans are similar in size to Tool North, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Coho Partners, Ltd ESOP Ownership Plan in PA ($6M, 28 participants).
Which ESOP plans cover a similar participant headcount to Tool North, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Volano Software Company Employee Stock Ownership Plan in NE (28 participants, $1M 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 810877376.

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.