ESOP · DOL Form 5500 · 2024

Mcnaughton-Mckay Electric Company ESOP

Data updated 2026-08-11

$1.6B
Total assets: 1,780
Participants: 99th
Percentile by assets: $871,493
Avg per participant

Official DOL plan name: Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan · Sponsored by Mcnaughton-Mckay Electric Company · Michigan · Wholesale Trade

$1.6B in assets, 1,780 participants

Mcnaughton-Mckay Electric Company's Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan reported $1.6B in total assets and 1,780 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.

99th percentile by assets (of 123,622 plans)
#6,040 in Wholesale Trade (6,080 peers)

Coverage in Michigan

Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan covers 1,780 participants in Michigan, 2.8x the typical Michigan plan (state average ~638 per filing). Assets: $1.6B.

$1.6B
total plan assets (2024 EOY): 1,780
covered participants: 99th
percentile by assets (of 123,622 plans): $871,493
avg assets per participant

Where Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan sits by total assets

Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan vs every filed plan by assets

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

$1,551,258,212 Top 1% higher than 99% of 123,620 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan end-of-year assets rose from $1.3B in the plan year 2023 filing to $1.6B in the plan year 2024 filing.
Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan reported participants rose from 1,635 in the plan year 2023 filing to 1,780 in the plan year 2024 filing.
Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan reported net income fell from $258M in the plan year 2023 filing to $246M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Michigan

Industry

Wholesale Trade

Participants vs Michigan filers

In Michigan, the average filing covers about 638 participants across 4,220 plans. Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan reports 1,780 participants - 2.8x that state average ($1.6B EOY assets).

Michigan filing particulars

Total Assets (Beginning of Year)	$1.3B
Net Assets (End of Year)	$1.5B
Net Income	$246M
Employer EIN	380812640
Plan Effective Date	1985-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Mcnaughton-Mckay Electric Company)

Total plan assets by year, all Mcnaughton-Mckay Electric Company plans on file

Year	Plans	Participants	Total Assets
2022	3	2,933	$1.2B
2023	3	3,603	$1.5B
2024	3	3,620	$1.7B

Nearby ESOP Plans in Michigan

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

Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants

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
Angelo Iafrate, Inc. Employee Stock Ownership Plan $239M · 46

Compare Mcnaughton-Mckay Electric Company Employ… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan by total assets, not by location.

Rosendin Electric, Inc. Employee Stock Ownership Plan (CA) $1.5B · 1,998
The Sundt Companies Employee Stock Ownership Plan (AZ) $1.5B · 3,220
Scot Forge Company Employee Stock Ownership Plan (IL) $1.4B · 491
Acco Employee Stock Ownership Plan (CA) $1.7B · 1,499

Frequently Asked Questions

How did Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan assets move in 2024? ▼

Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan grew sharply - up 18.6% during 2024, from $1.3B to $1.6B. Reported net income was $246M.

How have Mcnaughton-Mckay Electric Company plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Mcnaughton-Mckay Electric Company's sponsor-wide assets grew 43.0%, from $1.2B to $1.7B.

Where does Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼

Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan ranks in the 99th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).

Which ESOP plans are similar in size to Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan? ▼

Among ESOP plans in other states, the closest by assets is Rosendin Electric, Inc. Employee Stock Ownership Plan in CA ($1.5B, 1,998 participants).

Next read for Mcnaughton-Mckay Electric Company Employ…

Filing takeaways

Ways to act on Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan's numbers.

By total assets, Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar ESOP plans in Michigan. Compare plans
Mcnaughton-Mckay Electric Company's sponsor-wide assets have grown 43.0% since 2022 across 3 plan years on file. More Wholesale Trade plans

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 380812640.