ESOP · DOL Form 5500 · 2024

Panel Processing, Inc. ESOP

Data updated 2026-08-25

$9M
Total assets Small plan by assets
159
Participants Small participant base
55th
Percentile by assets National rank
$59,565
Avg per participant Low balance/head
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Official DOL plan name: Panel Processing, Inc. Employee Stock Ownership Plan · Sponsored by Panel Processing, Inc. · Michigan · Manufacturing

$9M in assets, 159 participants

Panel Processing, Inc.'s Panel Processing, Inc. Employee Stock Ownership Plan reported $9M in total assets and 159 participants in its 2024 DOL Form 5500 filing, ranking in the 55th 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.

  • #7,109 in Manufacturing (17,777 peers)

Coverage in Michigan

Panel Processing, Inc. Employee Stock Ownership Plan covers 159 participants in Michigan, about 25% of the average Michigan filer (state average ~638 per filing). Assets: $9M.

#7,109
in Manufacturing (17,777 peers)
-26.8%
assets change YoY

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Panel Processing, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Manufacturing and all filers

Panel Processing, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$9,470,858 Top 45% higher than 55% 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

Panel Processing, Inc. Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Panel Processing, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (159 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Panel Processing, Inc. Employee Stock Ownership Plan reported net income fell from -$2M in the plan year 2023 filing to -$3M in the plan year 2024 filing.
  • Panel Processing, Inc. Employee Stock Ownership Plan end-of-year assets fell from $13M in the plan year 2023 filing to $9M in the plan year 2024 filing.
  • Panel Processing, Inc. Employee Stock Ownership Plan reported participants fell from 163 in the plan year 2023 filing to 159 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 381946344 · Panel Processing, Inc. PY 2024 · ESOP

Panel Processing, Inc. Employee Stock Ownership Plan · $9M · 159 · 55th

  • NET $9M
  • BOOK 159
  • VS-ST 55th
  • BOY ESOP
  • SCH near Cullman Savings Bank Employee Stock Ownership Plan
  • EBSA ind #7109

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 →

Panel Processing, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Pioneer Bank Employee Stock Ownership PlanPioneer Bank Employee Stock …$9MPanel Processing, Inc. Employee Stock Ownership PlanPanel Processing, Inc. Emplo…$9MCullman Savings Bank Employee Stock Ownership PlanCullman Savings Bank Employe…$9MMuska Electric Co. Employee Stock Ownership PlanMuska Electric Co. Employee …$9MBranchpattern, Inc. Employee Stock Ownership PlanBranchpattern, Inc. Employee…$9M
End-of-year total assets ($M) among Panel Processing, 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)$13M
Net Assets (End of Year)$9M
Net Income-$3M
Employer EIN381946344
Plan Effective Date1982-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Panel Processing, Inc.)

Sponsor-wide plan assets over time

All Panel Processing, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$15M 25.35021116246775% vs 2022
2024 filing year
$14M$16M$18M$20M$22M 202220232024 $20.6M $15.4M ▼ -25.4%
Year Plans Participants Total Assets
2022 2 332 $21M
2023 2 350 $19M
2024 2 332 $15M

Nearby ESOP Plans in Michigan

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

Panel Processing, 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 ($B) Participants Panel Processing, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.009470858 · Participants: 159Panel Processing, 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
Panel Processing, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Panel Processing, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Panel Processing, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Michigan, the nearest ESOP by assets is Cullman Savings Bank Employee Stock Ownership Plan in AL ($9M); by covered participants it is California Boiler, Inc. Employee Stock Ownership Plan in CA (159 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (159 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 Panel Processing, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Panel Processing, Inc. Employee Stock Ownership Plan declined sharply - down 26.8% during 2024, from $13M to $9M. Reported net income was -$3M.
How have Panel Processing, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Panel Processing, Inc.'s sponsor-wide assets declined 25.4%, from $21M to $15M.
Which ESOP plans are similar in size to Panel Processing, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Cullman Savings Bank Employee Stock Ownership Plan in AL ($9M, 50 participants).
Which ESOP plans cover a similar participant headcount to Panel Processing, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is California Boiler, Inc. Employee Stock Ownership Plan in CA (159 participants, $6M 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 381946344.

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.