ESOP · DOL Form 5500 · 2024
Professional Fabricating & Manufacturing ESOP
Data updated 2026-08-25
- $351K
- Total assets Small plan by assets
- 65
- Participants Small participant base
- 15th
- Percentile by assets National rank
- $5,400
- Avg per participant Low balance/head
Official DOL plan name: Professional Fabricating Inc. Employee Stock Ownership Plan · Sponsored by Professional Fabricating & Manufacturing · Michigan · Manufacturing
$351K in assets, 65 participants
Professional Fabricating & Manufacturing's Professional Fabricating Inc. Employee Stock Ownership Plan reported $351K in total assets and 65 participants in its 2024 DOL Form 5500 filing, ranking in the 15th 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.
- #1,000 in Manufacturing (17,777 peers)
Professional Fabricating & Manufacturing multi-year trail
Professional Fabricating & Manufacturing's plans moved -61.3% in assets from 2022 to 2024; this filing shows Professional Fabricating Inc. Employee Stock Ownership Plan at $351K / 65 participants.
- #1,000
- in Manufacturing (17,777 peers)
- -44.2%
- assets change YoY
The plan reported a net loss of $148K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Professional Fabricating Inc. Employee Stock Ownership Plan among the smaller filed plans by assets
Professional Fabricating Inc. Employee Stock Ownership Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$351,000 15th percentile higher than 15% 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
Professional Fabricating Inc. Employee Stock Ownership Plan among smaller filed plans by headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Professional Fabricating Inc. Employee Stock Ownership Plan is a small filing (65 participants) on this national headcount ladder.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Professional Fabricating Inc. Employee Stock Ownership Plan end-of-year assets fell from $629K in the plan year 2023 filing to $351K in the plan year 2024 filing.
- Professional Fabricating Inc. Employee Stock Ownership Plan reported participants rose from 46 in the plan year 2023 filing to 65 in the plan year 2024 filing.
Plan-year Form 5500 strip
Filing strip 383075559 · Professional Fabricating & Manufacturing PY 2024 · ESOP
Professional Fabricating Inc. Employee Stock Ownership Plan · $351K · 65 · 15th
- PHOTO $351K
- IND 65
- EOY 15th
- 5500 ESOP
- ASSETS near Babich & Associates, Inc. Employee Stock Ownership Plan
- PCT ind #1000
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 →
Professional Fabricating Inc. Employee Stock Ownership Plan in the asset neighbourhood
Professional Fabricating & Manufacturing multi-year asset trail
Sponsor-wide plan assets over time
All Professional Fabricating & Manufacturing plans reported in each filing year
- Latest sponsor-wide plan assets
- $351K 61.258278145695364% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 47 | $906K |
| 2023 | 1 | 46 | $629K |
| 2024 | 1 | 65 | $351K |
Professional Fabricating & Manufacturing filing trail (2024)
| Total Assets (Beginning of Year) | $629K |
|---|---|
| Net Assets (End of Year) | -$847K |
| Net Income | -$148K |
| Employer EIN | 383075559 |
| Plan Effective Date | 2021-01-01 |
| Filing Status | FILING RECEIVED |
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 $1.6B · 1,780
- 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
Professional Fabricating Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount
Outside Michigan, the nearest ESOP by assets is Babich & Associates, Inc. Employee Stock Ownership Plan in TX ($351K); by covered participants it is Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan in NC (65 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($351K here).
Similar participant headcount
Nearest other-state filings by covered participants (65 participants); asset peers above are excluded.
- Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan (NC) 65 · 0 off
- D.K. Gnuse Legacy Employee Stock Ownership Plan (IL) 65 · 0 off
- Oconee Savings & Loan Association Employee Stock Ownership Plan (SC) 65 · 0 off
- Independence Holdings, Inc. Employee Stock Ownership Plan (FL) 65 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.