ESOP · DOL Form 5500 · 2024

Fema Corporation of Michigan, Inc. ESOP

Data updated 2026-08-25

$51M
Total assets Below avg plan size
231
Participants Below avg headcount
84th
Percentile by assets National rank
$222,518
Avg per participant Above avg balance/head
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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.

  • #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.

#13,836
in Manufacturing (17,777 peers)
-20.5%
assets change YoY
0.5×
vs typical plan assets (national mean)

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.

Fema Corporation Employee Stock Ownership Plan's outsized position by total assets

Fema Corporation Employee Stock Ownership Plan vs every filed plan by assets

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

$51,401,770 Top 16% higher than 84% 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

Fema Corporation 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. Fema Corporation Employee Stock Ownership Plan sits mid-pack in the medium band (231 participants).

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.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 382122634 · Fema Corporation of Michigan, Inc. PY 2024 · ESOP

Fema Corporation Employee Stock Ownership Plan · $51M · 231 · 84th

  • NET $51M
  • NET 231
  • NET 84th
  • NET ESOP
  • NET near Downes Holding Company, Inc. Employee Stock Ownership Plan
  • NET ind #13836

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 →

Fema Corporation Employee Stock Ownership Plan in the asset neighbourhood

Building Plastics, Inc. Employee Stock Ownership PlanBuilding Plastics, Inc. Empl…$52MBlue Diamond Legacy Holdings, Inc. Employee Stock Ownership PlanBlue Diamond Legacy Holdings…$51MFema Corporation Employee Stock Ownership PlanFema Corporation Employee St…$51MDownes Holding Company, Inc. Employee Stock Ownership PlanDownes Holding Company, Inc.…$51MA-Z Bus Sales, Inc. Employee Stock Ownership PlanA-Z Bus Sales, Inc. Employee…$51M
End-of-year total assets ($M) among Fema Corporation Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Michigan filing particulars

Total Assets (Beginning of Year)$65M
Net Assets (End of Year)$51M
Net Income-$238K
Employer EIN382122634
Plan Effective Date1998-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Fema Corporation of Michigan, Inc.)

Sponsor-wide plan assets over time

All Fema Corporation of Michigan, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$99M 12.233821550251283% vs 2022
2024 filing year
$85M$90M$95M$100M 202220232024 $87.9M $98.7M ▲ +12.2%
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 Scatter plot of 6 data points. 05001000150020002500 -0.500.511.52 Total assets ($B) Participants Fema Corporation Employee Stock Ownership Plan, Total assets ($B): 0.05140177 · Participants: 231Fema Corporation 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
Fema Corporation Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Fema Corporation Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Michigan, the nearest ESOP by assets is Downes Holding Company, Inc. Employee Stock Ownership Plan in CT ($51M); by covered participants it is Otj Architects, Inc. Employee Stock Ownership Plan in DC (231 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (231 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 Fema Corporation Employee Stock Ownership Plan assets move in 2024? ▼
Fema Corporation Employee Stock Ownership Plan declined sharply - down 20.5% during 2024, from $65M to $51M. Reported net income was -$238K.
How have Fema Corporation of Michigan, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Fema Corporation of Michigan, Inc.'s sponsor-wide assets grew 12.2%, from $88M to $99M.
Where does Fema Corporation Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Fema Corporation Employee Stock Ownership Plan ranks in the 84th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Fema Corporation Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Downes Holding Company, Inc. Employee Stock Ownership Plan in CT ($51M, 50 participants).
Which ESOP plans cover a similar participant headcount to Fema Corporation Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Otj Architects, Inc. Employee Stock Ownership Plan in DC (231 participants, $3M 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 382122634.

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.