ESOP · DOL Form 5500 · 2022
Stearns Financial Services, Inc. ESOP
Data updated 2026-08-06
- $143M
- Total assets
- 511
- Participants
- 94th
- Percentile by assets
- $280,237
- Avg per participant
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.
- 94th percentile by assets (of 139,258 plans)
- #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 44% of the average Minnesota filer (state average ~1,161 per filing). Assets: $143M.
- $143M
- total plan assets (2022 EOY)
- 511
- covered participants
- 94th
- percentile by assets (of 139,258 plans)
- $280,237
- avg assets per participant
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,161 participants across 2,725 plans. Stearns Financial Services, Inc. Employee Stock Ownership Plan reports 511 participants - about 44% of that state average ($143M EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $122M |
|---|---|
| Net Assets (End of Year) | $118M |
| Net Income | $24M |
| Employer EIN | 411655119 |
| Plan Effective Date | 1984-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Stearns Financial Services, Inc.)
| 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
- Andersen Corporation Employee Stock Ownership Plan $647M · 9,416
- Hormel Foods Corporation Joint Earnings Profit Sharing Trust $486M · 4,373
- Kingdom Enterprises, Inc. Employee Stock Ownership Plan $400M · 801
- Force America Inc. Employee Stock Ownership Plan $333M · 359
- Polaris Inc. Employee Stock Ownership Plan $313M · 7,981
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Stearns Financial Services, Inc. Employee Stock Ownership Plan by total assets, not by location.
- Point B, Inc. Employee Stock Ownership Plan and Trust (WA) $143M · 768
- Lane Enterprises Holdings, Inc. Employee Stock Ownership Plan (PA) $143M · 394
- Holiday Builders, Inc. Employee Stock Ownership Plan and Trust (FL) $142M · 185
- Dcs Corporation Restated Employee Stock Ownership Plan (VA) $144M · 1,887
Frequently Asked Questions
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Filing takeaways
Ways to act on Stearns Financial Services, Inc. Employee Stock Ownership Plan's numbers.
- By total assets, Stearns Financial Services, Inc. Employee Stock Ownership Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Minnesota. Compare plans
- Stearns Financial Services, Inc.'s sponsor-wide assets have grown 9.2% since 2022 across 3 plan years on file. More Management of Enterprises plans