ESOP · DOL Form 5500 · 2024

The Herb Ritsema Co. Dba Ritsema Associates ESOP

Data updated 2026-08-25

$430K
Total assets Small plan by assets
N/A
Participants Small participant base
16th
Percentile by assets National rank
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Official DOL plan name: Ritsema Associates Employee Stock Ownership Plan · Sponsored by The Herb Ritsema Co. Dba Ritsema Associates · Michigan · Construction

$430K in assets, N/A participants

The Herb Ritsema Co. Dba Ritsema Associates's Ritsema Associates Employee Stock Ownership Plan reported $430K in total assets and N/A participants in its 2024 DOL Form 5500 filing, ranking in the 16th 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.

  • #1,451 in Construction (9,039 peers)

What the 2024 filing shows

Ritsema Associates Employee Stock Ownership Plan holds $430K for N/A participants, among the smaller plans by assets on file.

#1,451
in Construction (9,039 peers)
-$15M
reported net income

The plan reported a net loss of $15M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Ritsema Associates Employee Stock Ownership Plan among the smaller filed plans by assets

Ritsema Associates Employee Stock Ownership Plan vs every filed plan by assets

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

$430,000 16th percentile higher than 16% 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

Filed plans by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets.

DOL schedule card

Filing strip 381678929 · The Herb Ritsema Co. Dba Ritsema Associates PY 2024 · ESOP

Ritsema Associates Employee Stock Ownership Plan · $430K · N/A · 16th

  • ASSETS $430K
  • PCT N/A
  • EIN 16th
  • RANK ESOP
  • PHOTO near 1st Pet Employee Stock Ownership Plan
  • IND ind #1451

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 →

Ritsema Associates Employee Stock Ownership Plan in the asset neighbourhood

Ritsema Associates Employee Stock Ownership PlanRitsema Associates Employee …$430K1st Pet Employee Stock Ownership Plan1st Pet Employee Stock Owner…$430KReal Time Automation, Inc. Employee Stock Ownership PlanReal Time Automation, Inc. E…$430KNerac, Inc. Employee Stock Ownership PlanNerac, Inc. Employee Stock O…$432KMorgan-Marrow Company Employee Stock Ownership Plan & TrustMorgan-Marrow Company Employ…$433K
End-of-year total assets ($M) among Ritsema Associates Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Filing particulars (2024)

Total Assets (Beginning of Year)N/A
Net Assets (End of Year)-$15M
Net Income-$15M
Employer EIN381678929
Plan Effective Date2024-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Michigan

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

Ritsema Associates 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 ($B) Participants Ritsema Associates Employee Stock Ownership Plan, Total assets ($B): 0.00043 · Participants: 0Ritsema Associates 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
Ritsema Associates Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Ritsema Associates Employee Stock Ownership Plan side-by-side with 3 peers →

Ritsema Associates Employee Stock Ownership Plan's closest out-of-state ESOP peers by assets

Outside Michigan, the nearest ESOP by end-of-year assets is 1st Pet Employee Stock Ownership Plan in AZ at $430K (this filing: $430K).

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

Where does Ritsema Associates Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Ritsema Associates Employee Stock Ownership Plan ranks in the 16th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the smaller plans by assets on file).
Which ESOP plans are similar in size to Ritsema Associates Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is 1st Pet Employee Stock Ownership Plan in AZ ($430K, 193 participants).

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 381678929.

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.