ESOP · DOL Form 5500 · 2022

Heritage Bancshares Group, Inc. ESOP

Data updated 2026-08-25

$12M
Total assets Small plan by assets
101
Participants Small participant base
69th
Percentile by assets National rank
$119,897
Avg per participant Near avg balance/head
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Official DOL plan name: Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust · Sponsored by Heritage Bancshares Group, Inc. · Minnesota · Management of Enterprises

$12M in assets, 101 participants

Heritage Bancshares Group, Inc.'s Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust reported $12M in total assets and 101 participants in its 2022 DOL Form 5500 filing, ranking in the 69th 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.

  • #570 in Management of Enterprises (1,193 peers)

Coverage in Minnesota

Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust covers 101 participants in Minnesota, about 9% of the average Minnesota filer (state average ~1,126 per filing). Assets: $12M.

#570
in Management of Enterprises (1,193 peers)
+18.3%
assets growth YoY

Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust's outsized position by total assets

Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$12,109,596 Top 31% higher than 69% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust sits mid-pack in the medium band (101 participants).

DOL schedule card

Filing strip 411768838 · Heritage Bancshares Group, Inc. PY 2022 · ESOP

Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust · $12M · 101 · 69th

  • VS-ST $12M
  • VS-ST 101
  • VS-ST 69th
  • VS-ST ESOP
  • VS-ST near Cfm Distributors, Inc. Employee Stock Ownership Plan and Trust
  • VS-ST ind #570

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 Minnesota →

Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust in the asset neighbourhood

Espey Mfg. & Electronics Corp. Employee Retirement Plan & TrustEspey Mfg. & Electronics Cor…$12MMillennium Medical Education Resources Employee Stock Ownership PlanMillennium Medical Education…$12MHeritage Bancshares Group, Inc. Employee Stock Ownership Plan and TrustHeritage Bancshares Group, I…$12MCfm Distributors, Inc. Employee Stock Ownership Plan and TrustCfm Distributors, Inc. Emplo…$12MGrant County Bancshares, Inc. Employee Stock Ownership PlanGrant County Bancshares, Inc…$12M
End-of-year total assets ($M) among Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$11M
Net Income$791K
Employer EIN411768838
Plan Effective Date2014-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Heritage Bancshares Group, Inc.)

Sponsor-wide plan assets over time

All Heritage Bancshares Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$21M 15.03435976843991% vs 2022
2024 filing year
$20M$22M$24M$26M 202220232024 $24.5M $20.8M ▼ -15.0%
Year Plans Participants Total Assets
2022 2 250 $24M
2023 2 197 $25M
2024 2 178 $21M

Nearby ESOP Plans in Minnesota

Peer ESOP plans, same state, same plan type, ranked by total assets.

Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -50000500010000 -2000200400600800 Total assets ($M) Participants Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 12.109596 · Participants: 101Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and TrustAndersen Corporation Employee Stock Ownership Plan, Total assets ($M): 646.711049 · Participants: 9416Andersen Corporation Employee Stock Ownership PlanHormel Foods Corporation Joint Earnings Profit Sharing Trust, Total assets ($M): 486.260676 · Participants: 4373Hormel Foods Corporation Joint Earnings Profit Sharing TrustKingdom Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 399.591486 · Participants: 801Kingdom Enterprises, Inc. Employee Stock Ownership PlanForce America Inc. Employee Stock Ownership Plan, Total assets ($M): 332.65286 · Participants: 359Force America Inc. Employee Stock Ownership PlanPolaris Inc. Employee Stock Ownership Plan, Total assets ($M): 313.049552 · Participants: 7981Polaris Inc. Employee Stock Ownership Plan
Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust side-by-side with 3 peers →

Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is Cfm Distributors, Inc. Employee Stock Ownership Plan and Trust in MO ($12M); by covered participants it is D & S Manufacturing Company, Inc. Employee Stock Ownership Plan in WI (101 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (101 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust assets move in 2022? ▼
Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust grew sharply - up 18.3% during 2022, from $10M to $12M. Reported net income was $791K.
How have Heritage Bancshares Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Heritage Bancshares Group, Inc.'s sponsor-wide assets declined 15.0%, from $24M to $21M.
Which ESOP plans are similar in size to Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by assets is Cfm Distributors, Inc. Employee Stock Ownership Plan and Trust in MO ($12M, 65 participants).
Which ESOP plans cover a similar participant headcount to Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by covered participants is D & S Manufacturing Company, Inc. Employee Stock Ownership Plan in WI (101 participants, $15M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 411768838.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.