ESOP · DOL Form 5500 · 2022
Mid America Steel, Inc. ESOP
Data updated 2026-08-11
- $40M
- Total assets
- 32
- Participants
- 86th
- Percentile by assets
- $1.3M
- Avg per participant
Official DOL plan name: Mid America Steel, Inc. Employee Stock Ownership Plan · Sponsored by Mid America Steel, Inc. · North Dakota · Manufacturing
$40M in assets, 32 participants
Mid America Steel, Inc.'s Mid America Steel, Inc. Employee Stock Ownership Plan reported $40M in total assets and 32 participants in its 2022 DOL Form 5500 filing, ranking in the 86th 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.
- 86th percentile by assets (of 139,126 plans)
- #16,421 in Manufacturing (20,602 peers)
Where Mid America Steel, Inc. Employee Stock Ownership Plan sits by assets
Mid America Steel, Inc. Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $40M for 32 participants (~$1.3M/participant), up 1.1% in 2022.
- $40M
- total plan assets (2022 EOY)
- 32
- covered participants
- 86th
- percentile by assets (of 139,126 plans)
- $1.3M
- avg assets per participant
The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Mid America Steel, Inc. Employee Stock Ownership Plan vs the 2022 asset distribution
By assets, Mid America Steel, Inc. Employee Stock Ownership Plan outranks 86% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.4x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $40M |
|---|---|
| Net Assets (End of Year) | $21M |
| Net Income | -$2M |
| Employer EIN | 450129570 |
| Plan Effective Date | 1990-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Mid America Steel, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 32 | $40M |
| 2023 | 1 | 32 | $50M |
| 2024 | 1 | 31 | $57M |
Nearby ESOP Plans in North Dakota
Peer ESOP plans, same state, same plan type, ranked by total assets.
Mid America Steel, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Dakota, assets vs. participants
- Border States Industries, Inc. Employee Stock Ownership Plan $1.1B · 2,781
- Scheels Employee Stock Ownership Plan $762M · 3,187
- Dakota Supply Group, Inc. Employee Stock Ownership Plan $234M · 616
- Ulteig, Inc. Employee Stock Ownership Plan $137M · 778
- Ulteig, Inc. Employee Stock Ownership Plan $137M · 778
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Mid America Steel, Inc. Employee Stock Ownership Plan by total assets, not by location.
- Ogden Forklifts, Inc. Employee Stock Ownership Plan (GA) $40M · 97
- Elite Associates Holding, Inc. Employee Stock Ownership Plan and Trust (CA) $40M · 91
- Portland Air Freight, Inc. Employee Stock Ownership Plan (ME) $40M · 82
- Employee Stock Ownership Plan and Trust of Standard Motor Products, Inc. (NY) $40M · 1,581
Frequently Asked Questions
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Ways to act on Mid America Steel, Inc. Employee Stock Ownership Plan's numbers.
- By total assets, Mid America Steel, Inc. Employee Stock Ownership Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in North Dakota. Compare plans
- Mid America Steel, Inc.'s sponsor-wide assets have grown 40.6% since 2022 across 3 plan years on file. More Manufacturing plans