ESOP · DOL Form 5500 · 2024
Fema Corporation of Michigan, Inc. ESOP
Data updated 2026-08-11
- $51M
- Total assets
- 231
- Participants
- 84th
- Percentile by assets
- $222,518
- Avg per participant
Official DOL plan name: Fema Corporation Employee Stock Ownership Plan · Sponsored by Fema Corporation of Michigan, Inc. · Michigan · Manufacturing
$51M in assets, 231 participants
Fema Corporation of Michigan, Inc.'s Fema Corporation Employee Stock Ownership Plan reported $51M in total assets and 231 participants in its 2024 DOL Form 5500 filing, ranking in the 84th 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.
- 84th percentile by assets (of 123,622 plans)
- #13,836 in Manufacturing (17,777 peers)
Coverage in Michigan
Fema Corporation Employee Stock Ownership Plan covers 231 participants in Michigan, about 36% of the average Michigan filer (state average ~638 per filing). Assets: $51M.
- $51M
- total plan assets (2024 EOY)
- 231
- covered participants
- 84th
- percentile by assets (of 123,622 plans)
- $222,518
- avg assets per participant
The plan reported a net loss of $238K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Fema Corporation Employee Stock Ownership Plan reported net income fell from $144K in the plan year 2023 filing to -$238K in the plan year 2024 filing.
- Fema Corporation Employee Stock Ownership Plan end-of-year assets fell from $65M in the plan year 2023 filing to $51M in the plan year 2024 filing.
- Fema Corporation Employee Stock Ownership Plan reported participants fell from 252 in the plan year 2023 filing to 231 in the plan year 2024 filing.
Participants vs Michigan filers
In Michigan, the average filing covers about 638 participants across 4,220 plans. Fema Corporation Employee Stock Ownership Plan reports 231 participants - about 36% of that state average ($51M EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $65M |
|---|---|
| Net Assets (End of Year) | $51M |
| Net Income | -$238K |
| Employer EIN | 382122634 |
| Plan Effective Date | 1998-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Fema Corporation of Michigan, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 426 | $88M |
| 2023 | 2 | 492 | $95M |
| 2024 | 2 | 453 | $99M |
Nearby ESOP Plans in Michigan
Peer ESOP plans, same state, same plan type, ranked by total assets.
Fema Corporation Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
- Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan $1.6B · 1,780
- The Kendall Group Employee Stock Ownership Plan $900M · 1,936
- Project Worldwide, Inc. Employee Stock Ownership Plan $453M · 1,284
- Motor City Electric Co. Employee Stock Ownership Plan $410M · 218
- Lee Contracting, Inc. Employee Stock Ownership Plan $250M · 565
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Fema Corporation Employee Stock Ownership Plan by total assets, not by location.
Frequently Asked Questions
How did Fema Corporation Employee Stock Ownership Plan assets move in 2024? ▼
How have Fema Corporation of Michigan, Inc. plan assets changed over time? ▼
Where does Fema Corporation Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
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Filing takeaways
Ways to act on Fema Corporation Employee Stock Ownership Plan's numbers.
- By total assets, Fema Corporation Employee Stock Ownership Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Michigan. Compare plans
- Fema Corporation of Michigan, Inc.'s sponsor-wide assets have grown 12.2% since 2022 across 3 plan years on file. More Manufacturing plans