ESOP · DOL Form 5500 · 2024

Hardman Construction, Inc. ESOP

Data updated 2026-08-25

$18M
Total assets Small plan by assets
23
Participants Small participant base
68th
Percentile by assets National rank
$775,336
Avg per participant High balance/head
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Official DOL plan name: Hardman Construction, Inc. Employee Stock Ownership Plan · Sponsored by Hardman Construction, Inc. · Michigan · Construction

$18M in assets, 23 participants

Hardman Construction, Inc.'s Hardman Construction, Inc. Employee Stock Ownership Plan reported $18M in total assets and 23 participants in its 2024 DOL Form 5500 filing, ranking in the 68th 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.

  • #6,029 in Construction (9,039 peers)

Hardman Construction, Inc. multi-year trail

Hardman Construction, Inc.'s plans moved +26.4% in assets from 2022 to 2024; this filing shows Hardman Construction, Inc. Employee Stock Ownership Plan at $18M / 23 participants.

#6,029
in Construction (9,039 peers)
+21.6%
assets growth YoY

Hardman Construction, Inc. Employee Stock Ownership Plan's outsized position by total assets

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

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

$17,832,729 Top 32% higher than 68% 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

Hardman Construction, 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. Hardman Construction, Inc. Employee Stock Ownership Plan is a small filing (23 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Hardman Construction, Inc. Employee Stock Ownership Plan reported net income rose from $778K in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Hardman Construction, Inc. Employee Stock Ownership Plan end-of-year assets rose from $15M in the plan year 2023 filing to $18M in the plan year 2024 filing.
  • Hardman Construction, Inc. Employee Stock Ownership Plan reported participants rose from 22 in the plan year 2023 filing to 23 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 382236416 · Hardman Construction, Inc. PY 2024 · ESOP

Hardman Construction, Inc. Employee Stock Ownership Plan · $18M · 23 · 68th

  • EBSA $18M
  • PART 23
  • TYPE 68th
  • NET ESOP
  • BOOK near Wayfield Foods, Inc. Employee Stock Ownership Plan
  • VS-ST ind #6029

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 →

Hardman Construction, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Wayfield Foods, Inc. Employee Stock Ownership PlanWayfield Foods, Inc. Employe…$18MPioneer Technical Services, Inc. Employee Stock Ownership Plan and TrustPioneer Technical Services, …$18MHardman Construction, Inc. Employee Stock Ownership PlanHardman Construction, Inc. E…$18MBoh Bros. Construction Co., L.L.C. Employee Stock Ownership PlanBoh Bros. Construction Co., …$18MThe Bennington State Bank Employee Stock Ownership PlanThe Bennington State Bank Em…$18M
End-of-year total assets ($M) among Hardman Construction, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Hardman Construction, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Hardman Construction, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$18M 26.39432609636323% vs 2022
2024 filing year
$12M$14M$16M$18M$20M 202220232024 $14.1M $17.8M ▲ +26.4%
Year Plans Participants Total Assets
2022 1 23 $14M
2023 1 22 $15M
2024 1 23 $18M

Hardman Construction, Inc. filing trail (2024)

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$14M
Net Income$3M
Employer EIN382236416
Plan Effective Date2018-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Michigan

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

Hardman Construction, 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 ($B) Participants Hardman Construction, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.017832729 · Participants: 23Hardman Construction, 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
Hardman Construction, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants

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

Outside Michigan, the nearest ESOP by assets is Wayfield Foods, Inc. Employee Stock Ownership Plan in GA ($18M); by covered participants it is Valley Premier Bank Employee Stock Ownership Plan & Trust in MN (23 participants). Same-state nearby plans are listed separately above.

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 Hardman Construction, Inc. Employee Stock Ownership Plan assets move in 2024?
Hardman Construction, Inc. Employee Stock Ownership Plan grew sharply - up 21.6% during 2024, from $15M to $18M. Reported net income was $3M.
How have Hardman Construction, Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), Hardman Construction, Inc.'s sponsor-wide assets grew 26.4%, from $14M to $18M.
Which ESOP plans are similar in size to Hardman Construction, Inc. Employee Stock Ownership Plan?
Among ESOP plans in other states, the closest by assets is Wayfield Foods, Inc. Employee Stock Ownership Plan in GA ($18M, 335 participants).
Which ESOP plans cover a similar participant headcount to Hardman Construction, Inc. Employee Stock Ownership Plan?
Among ESOP plans in other states, the closest by covered participants is Valley Premier Bank Employee Stock Ownership Plan & Trust in MN (23 participants, $11M in assets).