ESOP · DOL Form 5500 · 2024
Motor City Electric Co. ESOP
Data updated 2026-08-11
- $410M
- Total assets
- 218
- Participants
- 97th
- Percentile by assets
- $1.9M
- Avg per participant
Official DOL plan name: Motor City Electric Co. Employee Stock Ownership Plan · Sponsored by Motor City Electric Co. · Michigan · Construction
$410M in assets, 218 participants
Motor City Electric Co.'s Motor City Electric Co. Employee Stock Ownership Plan reported $410M in total assets and 218 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.
- 97th percentile by assets (of 123,622 plans)
- #8,700 in Construction (9,039 peers)
Coverage in Michigan
Motor City Electric Co. Employee Stock Ownership Plan covers 218 participants in Michigan, about 34% of the average Michigan filer (state average ~638 per filing). Assets: $410M.
- $410M
- total plan assets (2024 EOY)
- 218
- covered participants
- 97th
- percentile by assets (of 123,622 plans)
- $1.9M
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Motor City Electric Co. Employee Stock Ownership Plan reported net income rose from $67M in the plan year 2023 filing to $152M in the plan year 2024 filing.
- Motor City Electric Co. Employee Stock Ownership Plan end-of-year assets rose from $258M in the plan year 2023 filing to $410M in the plan year 2024 filing.
- Motor City Electric Co. Employee Stock Ownership Plan reported participants rose from 207 in the plan year 2023 filing to 218 in the plan year 2024 filing.
Participants vs Michigan filers
In Michigan, the average filing covers about 638 participants across 4,220 plans. Motor City Electric Co. Employee Stock Ownership Plan reports 218 participants - about 34% of that state average ($410M EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $258M |
|---|---|
| Net Assets (End of Year) | $401M |
| Net Income | $152M |
| Employer EIN | 381405142 |
| Plan Effective Date | 2018-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Motor City Electric Co.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 403 | $232M |
| 2023 | 2 | 420 | $306M |
| 2024 | 2 | 439 | $466M |
Nearby ESOP Plans in Michigan
Peer ESOP plans, same state, same plan type, ranked by total assets.
Motor City Electric Co. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
- 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
- Lee Contracting, Inc. Employee Stock Ownership Plan $250M · 565
- Angelo Iafrate, Inc. Employee Stock Ownership Plan $239M · 46
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Motor City Electric Co. Employee Stock Ownership Plan by total assets, not by location.
- Modern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust (VA) $407M · 1,962
- Golden Hippo Employee Stock Ownership Plan (CA) $415M · 1,140
- Spencer's Air Conditioning & Appliance, Inc. Employee Stock Ownership Plan (AZ) $415M · 263
- Allied Mineral Products Employee Stock Ownership Plan (OH) $404M · 606
Frequently Asked Questions
How did Motor City Electric Co. Employee Stock Ownership Plan assets move in 2024? ▼
How have Motor City Electric Co. plan assets changed over time? ▼
Where does Motor City Electric Co. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
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Filing takeaways
Ways to act on Motor City Electric Co. Employee Stock Ownership Plan's numbers.
- By total assets, Motor City Electric Co. Employee Stock Ownership Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Michigan. Compare plans
- Motor City Electric Co.'s sponsor-wide assets have grown 100.5% since 2022 across 3 plan years on file. More Construction plans