Granco Clark, Inc.ESOP
GRANCO CLARK EMPLOYEE STOCK OWNERSHIP PLAN · BELDING, MI · plan year 2023
Granco Clark, Inc.'s 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $9,186,144 across 115 participant accounts, with employer contributions averaging $2,348 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Michigan (1,593rd of 2,619), and 9,148th of 13,661 in manufacturing.
Granco Clark, Inc.'s 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
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Source: U.S. Department of Labor, Form 5500 series, EIN 382389546 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.