ESOP · DOL Form 5500 · 2024

Buist Electric Company, Inc. ESOP

Data updated 2026-08-25

$60M
Total assets Below avg plan size
426
Participants Below avg headcount
86th
Percentile by assets National rank
$140,808
Avg per participant Near avg balance/head
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Official DOL plan name: Buist Electric Company, Inc. Employee Stock Ownership Plan · Sponsored by Buist Electric Company, Inc. · Michigan · Construction

$60M in assets, 426 participants

Buist Electric Company, Inc.'s Buist Electric Company, Inc. Employee Stock Ownership Plan reported $60M in total assets and 426 participants in its 2024 DOL Form 5500 filing, ranking in the 86th 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.

  • #7,609 in Construction (9,039 peers)

Where Buist Electric Company, Inc. Employee Stock Ownership Plan sits by assets

Buist Electric Company, Inc. Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $60M for 426 participants (~$140,808/participant), up 17.2% in 2024.

#7,609
in Construction (9,039 peers)
+17.2%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Buist Electric Company, Inc. Employee Stock Ownership Plan's outsized position by total assets

Buist Electric Company, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$59,984,320 Top 14% higher than 86% 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

Buist Electric Company, Inc. 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. Buist Electric Company, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (426 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Buist Electric Company, Inc. Employee Stock Ownership Plan reported net income rose from $4M in the plan year 2023 filing to $9M in the plan year 2024 filing.
  • Buist Electric Company, Inc. Employee Stock Ownership Plan end-of-year assets rose from $51M in the plan year 2023 filing to $60M in the plan year 2024 filing.
  • Buist Electric Company, Inc. Employee Stock Ownership Plan reported participants rose from 396 in the plan year 2023 filing to 426 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 382177580 · Buist Electric Company, Inc. PY 2024 · ESOP

Buist Electric Company, Inc. Employee Stock Ownership Plan · $60M · 426 · 86th

  • TYPE $60M
  • NET 426
  • BOOK 86th
  • VS-ST ESOP
  • BOY near Thalhimer, Inc. Employee Stock Ownership Plan and Trust
  • SCH ind #7609

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 →

Buist Electric Company, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Thalhimer, Inc. Employee Stock Ownership Plan and TrustThalhimer, Inc. Employee Sto…$60MBuist Electric Company, Inc. Employee Stock Ownership PlanBuist Electric Company, Inc.…$60MDai Employee Stock Ownership PlanDai Employee Stock Ownership…$60MJ.P. Express Employee Stock Ownership PlanJ.P. Express Employee Stock …$60MSuperior Tank Lines Employee Stock Ownership PlanSuperior Tank Lines Employee…$60M
End-of-year total assets ($M) among Buist Electric Company, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$51M
Net Assets (End of Year)$60M
Net Income$9M
Employer EIN382177580
Plan Effective Date2005-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Buist Electric Company, Inc.)

Sponsor-wide plan assets over time

All Buist Electric Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$139M 37.193490278553675% vs 2022
2024 filing year
$80M$100M$120M$140M$160M 202220232024 $101M $139M ▲ +37.2%
Year Plans Participants Total Assets
2022 2 762 $101M
2023 2 803 $115M
2024 2 876 $139M

Nearby ESOP Plans in Michigan

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

Buist Electric Company, Inc. 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 ($B) Participants Buist Electric Company, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.05998432 · Participants: 426Buist Electric Company, 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
Buist Electric Company, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Buist Electric Company, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Buist Electric Company, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Michigan, the nearest ESOP by assets is Thalhimer, Inc. Employee Stock Ownership Plan and Trust in VA ($60M); by covered participants it is Msa Professional Services, Inc. Employee Stock Ownership Plan in WI (426 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (426 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 Buist Electric Company, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Buist Electric Company, Inc. Employee Stock Ownership Plan grew sharply - up 17.2% during 2024, from $51M to $60M. Reported net income was $9M.
How have Buist Electric Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Buist Electric Company, Inc.'s sponsor-wide assets grew 37.2%, from $101M to $139M.
Where does Buist Electric Company, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Buist Electric Company, Inc. Employee Stock Ownership Plan ranks in the 86th 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 Buist Electric Company, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Thalhimer, Inc. Employee Stock Ownership Plan and Trust in VA ($60M, 340 participants).
Which ESOP plans cover a similar participant headcount to Buist Electric Company, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Msa Professional Services, Inc. Employee Stock Ownership Plan in WI (426 participants, $63M 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 382177580.

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.