Western Land Services, Inc.ESOP
WESTERN LAND SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN · LUDINGTON, MI · plan year 2023
Western Land Services, 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 $17,665,214 across 205 participant accounts, with employer contributions averaging $1,270 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is the 1,126th-largest of 2,619 plans among Michigan employers on file, and 327th of 612 in mining, oil & gas extraction. active participation has grown from 119 to 189 since 2022.
Western Land Services, Inc.'s 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom 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 382949876 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.