ESOP · DOL Form 5500 · 2024

Challenge Mfg. Holdings, Inc. ESOP

Data updated 2026-08-25

$49M
Total assets Below avg plan size
2,262
Participants Above avg headcount
84th
Percentile by assets National rank
$21,523
Avg per participant Low balance/head
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Official DOL plan name: Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan · Sponsored by Challenge Mfg. Holdings, Inc. · Michigan · Manufacturing

$49M in assets, 2,262 participants

Challenge Mfg. Holdings, Inc.'s Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan reported $49M in total assets and 2,262 participants in its 2024 DOL Form 5500 filing, ranking in the 84th 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.

  • #13,695 in Manufacturing (17,777 peers)

Coverage in Michigan

Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan covers 2,262 participants in Michigan, 3.5x the typical Michigan plan (state average ~638 per filing). Assets: $49M.

#13,695
in Manufacturing (17,777 peers)
+119.3%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan's outsized position by total assets

Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$48,684,474 Top 16% higher than 84% 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

Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan lands in the large band (2,262 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan end-of-year assets rose from $22M in the plan year 2023 filing to $49M in the plan year 2024 filing.
  • Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan reported net income rose from $16M in the plan year 2023 filing to $28M in the plan year 2024 filing.
  • Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan reported participants rose from 1,872 in the plan year 2023 filing to 2,262 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 464294293 · Challenge Mfg. Holdings, Inc. PY 2024 · ESOP

Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan · $49M · 2,262 · 84th

  • IND $49M
  • IND 2,262
  • IND 84th
  • IND ESOP
  • IND near Temperature Systems, Inc. Employee Stock Ownership Plan
  • IND ind #13695

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 →

Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Mindworks Innovations, Inc. Employee Stock Ownership PlanMindworks Innovations, Inc. …$49MTemperature Systems, Inc. Employee Stock Ownership PlanTemperature Systems, Inc. Em…$49MChallenge Mfg. Holdings, Inc. Employee Stock Ownership PlanChallenge Mfg. Holdings, Inc…$49MWoodsman ESOP$49MPaddock Publications, Inc. Employee Stock Ownership PlanPaddock Publications, Inc. E…$48M
End-of-year total assets ($M) among Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Michigan filing particulars

Total Assets (Beginning of Year)$22M
Net Assets (End of Year)$49M
Net Income$28M
Employer EIN464294293
Plan Effective Date1997-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Challenge Mfg. Holdings, Inc.)

Sponsor-wide plan assets over time

All Challenge Mfg. Holdings, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$140M 107.38236911922858% vs 2022
2024 filing year
$50M$100M$150M 202220232024 $67.3M $140M ▲ +107.4%
Year Plans Participants Total Assets
2022 2 4,028 $67M
2023 2 4,929 $102M
2024 2 5,555 $140M

Nearby ESOP Plans in Michigan

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

Challenge Mfg. Holdings, 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 ($B) Participants Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.048684474 · Participants: 2262Challenge Mfg. Holdings, 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
Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Michigan, the nearest ESOP by assets is Temperature Systems, Inc. Employee Stock Ownership Plan in WI ($49M); by covered participants it is Brown and Caldwell Employee Stock Ownership Plan in CO (2,256 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,262 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 Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan surged - up 119.3% during 2024, from $22M to $49M. Reported net income was $28M.
How have Challenge Mfg. Holdings, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Challenge Mfg. Holdings, Inc.'s sponsor-wide assets grew 107.4%, from $67M to $140M.
Where does Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan ranks in the 84th 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 Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Temperature Systems, Inc. Employee Stock Ownership Plan in WI ($49M, 95 participants).
Which ESOP plans cover a similar participant headcount to Challenge Mfg. Holdings, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Brown and Caldwell Employee Stock Ownership Plan in CO (2,256 participants, $91M 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 464294293.

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.