ESOP · DOL Form 5500 · 2024
Motor City Electric Co. ESOP
Data updated 2026-08-25
- $410M
- Total assets Above avg plan size
- 218
- Participants Below avg headcount
- 97th
- Percentile by assets National rank
- $1.9M
- Avg per participant High balance/head
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.
- #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.
- #8,700
- in Construction (9,039 peers)
- +59.0%
- assets growth YoY
- 4.1×
- vs typical plan assets (national mean)
Motor City Electric Co. Employee Stock Ownership Plan's outsized position by total assets
Motor City Electric Co. Employee Stock Ownership Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$410,252,812 Top 3% higher than 97% 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
Motor City Electric Co. 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. Motor City Electric Co. Employee Stock Ownership Plan sits mid-pack in the medium band (218 participants).
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.
EBSA filing schedule strip
Filing strip 381405142 · Motor City Electric Co. PY 2024 · ESOP
Motor City Electric Co. Employee Stock Ownership Plan · $410M · 218 · 97th
- BOOK $410M
- VS-ST 218
- BOY 97th
- SCH ESOP
- EBSA near Modern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust
- PART ind #8700
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 →
Motor City Electric Co. Employee Stock Ownership Plan in the asset neighbourhood
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.)
Sponsor-wide plan assets over time
All Motor City Electric Co. plans reported in each filing year
- Latest sponsor-wide plan assets
- $466M 100.51808230060202% vs 2022
- 2024 filing year
| 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.
- 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
Motor City Electric Co. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount
Outside Michigan, the nearest ESOP by assets is Modern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust in VA ($407M); by covered participants it is Cole's Employee Stock Ownership Plan & Trust Agreement in MN (218 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($410M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (218 participants); asset peers above are excluded.
- Cole's Employee Stock Ownership Plan & Trust Agreement (MN) 218 · 0 off
- Gemini Stock Program (MA) 218 · 0 off
- Enroute Computer Solutions ESOP (NJ) 218 · 0 off
- Fabarc Steel Supply, Inc. Employee Stock Ownership Plan (AL) 218 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.