Back to filter
Original filing (PDF)20260223113327NAL0003019570001
PANEL PROCESSING, INC.
Form 5500
FILING_RECEIVED
PANEL PROCESSING, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Defined-contribution retirement plan
Signals · 4
Late filing · 3.2 mo100% in single holding100% employer stockNo recordkeeper disclosed
Active participants
148
Accounts w/ balance
277
Plan assets (EOY)
$9.5M
Net assets (EOY)
$9.5M
How this plan invests
This plan
1 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
78
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
87
Concentration risk
50
Total plan cost
75
Vendor stack
80
Participation health
100
Knocking points off
- Filed 3.2 months past the 10.5-month grace window.
- Top holding "Panel Processing, Inc. * Panel Processing, Inc. common stock" is 100% of plan.
- 100% of plan in employer / sponsor stock.
- No recordkeeper disclosed on Schedule C.
Helping the score
- No Schedule C compensation disclosed — likely a small plan or unbundled.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for PANEL PROCESSING, INC..
Plan sponsor
Name
PANEL PROCESSING, INC.
EIN
38-1946344
Address
1030 DEVERE DRIVE · ALPENA, MI · 49707
Phone
(989) 356-9007
Industry
Manufacturingsee all
Plan administrator
Name
PANEL PROCESSING, INC.
EIN
38-1946344
City
ALPENA, MI
Phone
(989) 356-9007
Plan characteristics
Plan number
002
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2026-02-23
Pension benefit codes
2O · ESOP (non-leveraged)
2I · Stock bonus
2Q · S-corporation ESOP
Audit & trust (Schedule H)
Auditor
STRALEY LAMP & KRAENZLEIN
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
No Schedule C providers reportedInvestments
1 direct security· $9.5M(100% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Panel Processing, Inc. * Panel Processing, Inc. common stock | — | — | $5.5M | $9.5M | 99.9% |
Related plans
Similar-size Manufacturing plans
WARD TIMBER, LTD
WARD TIMBER, LTD 401(K) PLAN
$9.4M · 133 participants
FOREST PLYWOOD SALES
FOREST PLYWOOD SALES PROFIT SHARING 401(K)
$9.4M · 100 participants
LAMPE & MALPHRUS LUMBER CO. INC.
GUY C. LEE MANUFACTURING COMPANY DEFINED BENEFIT PENSION PLAN
$9.3M · 71 participants
WOODHARBOR MOLDING & MILLWORKS, INC.
WOODHARBOR 401(K) RETIREMENT PLAN
$9.1M · 115 participants
LAMINATE TECHNOLOGIES, INC.
LAMINATE TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN
$9.8M · 126 participants
FREDERICKS, INC.
FREDERICKS, INC/MARKLEVILLE LUMBER SALARY 401(K) PLAN
$9.1M · 19 participants
Large plans in Michigan
GENERAL MOTORS LLC
GENERAL MOTORS HOURLY-RATE EMPLOYEES PENSION PLAN
$44.8B · 15,648 participants
GENERAL MOTORS LLC
GENERAL MOTORS SAVINGS PLAN MASTER TRUST
$32.4B
THE COMMITTEE OF THE UAW RETIREE MEDICAL BENEFITS TRUST
UAW GM RETIREES MEDICAL BENEFITS PLAN
$30.6B
FORD MOTOR COMPANY
FORD MOTOR COMPANY MASTER TRUST FUND
$29.5B
FORD MOTOR COMPANY
FORD DEFINED CONTRIBUTION PLANS MASTER TRUST
$25.3B
GENERAL MOTORS LLC
GENERAL MOTORS RETIREMENT SAVINGS PLAN FOR SALARIED EMPLOYEES IN THE UNITED STATES
$23.1B · 41,023 participants