ESOP · DOL Form 5500 · 2024

Maco Tool & Engineering, Inc. ESOP

Data updated 2026-08-25

$3M
Total assets Small plan by assets
10
Participants Small participant base
35th
Percentile by assets National rank
$319,744
Avg per participant High balance/head
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Official DOL plan name: Maco Tool & Engineering, Inc. ESOP · Sponsored by Maco Tool & Engineering, Inc. · Michigan · Manufacturing

$3M in assets, 10 participants

Maco Tool & Engineering, Inc.'s Maco Tool & Engineering, Inc. ESOP reported $3M in total assets and 10 participants in its 2024 DOL Form 5500 filing, ranking in the 35th 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.

  • #3,263 in Manufacturing (17,777 peers)

What the 2024 filing shows

Maco Tool & Engineering, Inc. ESOP holds $3M for 10 participants - about $319,744 per participant, in the lower half of filed plans by assets.

#3,263
in Manufacturing (17,777 peers)
+7.9%
assets growth YoY

Maco Tool & Engineering, Inc. ESOP's mid-pack asset rank among Manufacturing and all filers

Maco Tool & Engineering, Inc. ESOP vs every filed plan by assets

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

$3,197,440 35th percentile higher than 35% 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

Maco Tool & Engineering, Inc. ESOP among micro filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Maco Tool & Engineering, Inc. ESOP is a micro filing (10 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Maco Tool & Engineering, Inc. ESOP reported net income rose from -$307K in the plan year 2023 filing to $122K in the plan year 2024 filing.
  • Maco Tool & Engineering, Inc. ESOP end-of-year assets rose from $3M in the plan year 2023 filing to $3M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 381956144 · Maco Tool & Engineering, Inc. PY 2024 · ESOP

Maco Tool & Engineering, Inc. ESOP · $3M · 10 · 35th

  • PCT $3M
  • PCT 10
  • PCT 35th
  • PCT ESOP
  • PCT near Shop Data Systems, Inc. Employee Stock Ownership Plan
  • PCT ind #3263

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 →

Maco Tool & Engineering, Inc. ESOP in the asset neighbourhood

Maco Tool & Engineering, Inc. ESOPMaco Tool & Engineering, Inc…$3MShop Data Systems, Inc. Employee Stock Ownership PlanShop Data Systems, Inc. Empl…$3MBrown Construction, Inc. Employee Stock Ownership PlanBrown Construction, Inc. Emp…$3MFour Star Employee Stock Ownership PlanFour Star Employee Stock Own…$3MNi Holdings, Inc. Employee Stock Ownership PlanNi Holdings, Inc. Employee S…$3M
End-of-year total assets ($M) among Maco Tool & Engineering, Inc. ESOP and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Filing particulars (2024)

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$1M
Net Income$122K
Employer EIN381956144
Plan Effective Date1986-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Maco Tool & Engineering, Inc.)

Sponsor-wide plan assets over time

All Maco Tool & Engineering, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$3M 4.703476482617587% vs 2022
2024 filing year
$2.9M$3M$3.1M$3.2M$3.3M 202220232024 $3.05M $3.2M ▲ +4.9%
Year Plans Participants Total Assets
2022 1 9 $3M
2023 1 10 $3M
2024 1 10 $3M

Nearby ESOP Plans in Michigan

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

Maco Tool & Engineering, Inc. ESOP vs. nearby ESOP plans in Michigan, assets vs. participants Scatter plot of 6 data points. -50005001000150020002500 -0.500.511.52 Total assets ($B) Participants Maco Tool & Engineering, Inc. ESOP, Total assets ($B): 0.00319744 · Participants: 10Maco Tool & Engineering, Inc. ESOPMcnaughton-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
Maco Tool & Engineering, Inc. ESOP vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Maco Tool & Engineering, Inc. ESOP side-by-side with 3 peers →

Maco Tool & Engineering, Inc. ESOP's out-of-state ESOP peers by assets and headcount

Outside Michigan, the nearest ESOP by assets is Shop Data Systems, Inc. Employee Stock Ownership Plan in TX ($3M); by covered participants it is Micro USA, Inc. Employee Stock Ownership Plan in CA (10 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (10 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 Maco Tool & Engineering, Inc. ESOP assets move in 2024? ▼
Maco Tool & Engineering, Inc. ESOP grew at a solid clip - up 7.9% during 2024, from $3M to $3M. Reported net income was $122K.
How have Maco Tool & Engineering, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Maco Tool & Engineering, Inc.'s sponsor-wide assets grew 4.7%, from $3M to $3M.
Which ESOP plans are similar in size to Maco Tool & Engineering, Inc. ESOP? ▼
Among ESOP plans in other states, the closest by assets is Shop Data Systems, Inc. Employee Stock Ownership Plan in TX ($3M, 16 participants).
Which ESOP plans cover a similar participant headcount to Maco Tool & Engineering, Inc. ESOP? ▼
Among ESOP plans in other states, the closest by covered participants is Micro USA, Inc. Employee Stock Ownership Plan in CA (10 participants, N/A 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 381956144.

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.