ESOP · DOL Form 5500 · 2022

Stearns Financial Services, Inc. ESOP

Data updated 2026-08-25

$143M
Total assets Near avg plan size
511
Participants Below avg headcount
94th
Percentile by assets National rank
$280,237
Avg per participant High balance/head
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Official DOL plan name: Stearns Financial Services, Inc. Employee Stock Ownership Plan · Sponsored by Stearns Financial Services, Inc. · Minnesota · Management of Enterprises

$143M in assets, 511 participants

Stearns Financial Services, Inc.'s Stearns Financial Services, Inc. Employee Stock Ownership Plan reported $143M in total assets and 511 participants in its 2022 DOL Form 5500 filing, ranking in the 94th 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.

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

Coverage in Minnesota

Stearns Financial Services, Inc. Employee Stock Ownership Plan covers 511 participants in Minnesota, about 45% of the average Minnesota filer (state average ~1,126 per filing). Assets: $143M.

#980
in Management of Enterprises (1,193 peers)
+17.8%
assets growth YoY
1.4×
vs typical plan assets (national mean)

Stearns Financial Services, Inc. Employee Stock Ownership Plan's outsized position by total assets

Stearns Financial Services, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$143,201,072 Top 6% higher than 94% 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

Stearns Financial Services, Inc. Employee Stock Ownership Plan 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. Stearns Financial Services, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (511 participants).

Published 5500 schedule card

Filing strip 411655119 · Stearns Financial Services, Inc. PY 2022 · ESOP

Stearns Financial Services, Inc. Employee Stock Ownership Plan · $143M · 511 · 94th

  • EOY $143M
  • EOY 511
  • EOY 94th
  • EOY ESOP
  • EOY near Point B, Inc. Employee Stock Ownership Plan and Trust
  • EOY ind #980

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 →

Stearns Financial Services, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Dcs Corporation Restated Employee Stock Ownership PlanDcs Corporation Restated Emp…$144MStearns Financial Services, Inc. Employee Stock Ownership PlanStearns Financial Services, …$143MPoint B, Inc. Employee Stock Ownership Plan and TrustPoint B, Inc. Employee Stock…$143MLane Enterprises Holdings, Inc. Employee Stock Ownership PlanLane Enterprises Holdings, I…$143MHoliday Builders, Inc. Employee Stock Ownership Plan and TrustHoliday Builders, Inc. Emplo…$142M
End-of-year total assets ($M) among Stearns Financial Services, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$122M
Net Assets (End of Year)$118M
Net Income$24M
Employer EIN411655119
Plan Effective Date1984-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Stearns Financial Services, Inc.)

Sponsor-wide plan assets over time

All Stearns Financial Services, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$181M 9.238791178114727% vs 2022
2024 filing year
$150M$160M$170M$180M$190M 202220232024 $165M $181M ▲ +9.2%
Year Plans Participants Total Assets
2022 2 972 $165M
2023 2 963 $161M
2024 2 1,001 $181M

Nearby ESOP Plans in Minnesota

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

Stearns Financial Services, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -20000200040006000800010000 0200400600800 Total assets ($M) Participants Stearns Financial Services, Inc. Employee Stock Ownership Plan, Total assets ($M): 143.201072 · Participants: 511Stearns Financial Services, Inc. Employee Stock Ownership PlanAndersen 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
Stearns Financial Services, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Stearns Financial Services, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Stearns Financial Services, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is Point B, Inc. Employee Stock Ownership Plan and Trust in WA ($143M); by covered participants it is Dealers Electrical Supply Co. Employee Stock Ownership Plan in TX (511 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (511 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 Stearns Financial Services, Inc. Employee Stock Ownership Plan assets move in 2022? ▼
Stearns Financial Services, Inc. Employee Stock Ownership Plan grew sharply - up 17.8% during 2022, from $122M to $143M. Reported net income was $24M.
How have Stearns Financial Services, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Stearns Financial Services, Inc.'s sponsor-wide assets grew 9.2%, from $165M to $181M.
Where does Stearns Financial Services, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Stearns Financial Services, Inc. Employee Stock Ownership Plan ranks in the 94th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which ESOP plans are similar in size to Stearns Financial Services, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Point B, Inc. Employee Stock Ownership Plan and Trust in WA ($143M, 768 participants).
Which ESOP plans cover a similar participant headcount to Stearns Financial Services, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Dealers Electrical Supply Co. Employee Stock Ownership Plan in TX (511 participants, $101M 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 411655119.

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.