ESOP · DOL Form 5500 · 2022

Besser Company ESOP

Data updated 2026-08-25

$51M
Total assets Below avg plan size
346
Participants Below avg headcount
88th
Percentile by assets National rank
$146,891
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Besser Company Employee Stock Ownership Plan · Sponsored by Besser Company · Michigan · Manufacturing

$51M in assets, 346 participants

Besser Company's Besser Company Employee Stock Ownership Plan reported $51M in total assets and 346 participants in its 2022 DOL Form 5500 filing, ranking in the 88th 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.

  • #16,993 in Manufacturing (20,602 peers)

Where Besser Company Employee Stock Ownership Plan sits by assets

Besser Company Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $51M for 346 participants (~$146,891/participant), up 16.3% in 2022.

#16,993
in Manufacturing (20,602 peers)
+16.3%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Besser Company Employee Stock Ownership Plan's outsized position by total assets

Besser Company Employee Stock Ownership Plan vs every filed plan by assets

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

$50,824,163 Top 12% higher than 88% 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

Besser Company 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. Besser Company Employee Stock Ownership Plan sits mid-pack in the medium band (346 participants).

Form 5500 schedule snapshot

Filing strip 380346640 · Besser Company PY 2022 · ESOP

Besser Company Employee Stock Ownership Plan · $51M · 346 · 88th

  • ASSETS $51M
  • PCT 346
  • EIN 88th
  • RANK ESOP
  • PHOTO near Merchants Financial Group, Inc. Employee Stock Ownership Plan
  • IND ind #16993

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 Michigan →

Besser Company Employee Stock Ownership Plan in the asset neighbourhood

Penmac Staffing Services Inc Employee Stock Ownership PlanPenmac Staffing Services Inc…$51MSuperior Tank Lines Employee Stock Ownership PlanSuperior Tank Lines Employee…$51MDarifill Employee Stock Ownership PlanDarifill Employee Stock Owne…$51MBesser Company Employee Stock Ownership PlanBesser Company Employee Stoc…$51MMerchants Financial Group, Inc. Employee Stock Ownership PlanMerchants Financial Group, I…$51M
End-of-year total assets ($M) among Besser Company Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$44M
Net Assets (End of Year)$40M
Net Income$9M
Employer EIN380346640
Plan Effective Date2004-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Besser Company)

Sponsor-wide plan assets over time

All Besser Company plans reported in each filing year

Latest sponsor-wide plan assets
$118M 3.951959086407647% vs 2022
2024 filing year
$110M$115M$120M 202220232024 $113M $118M ▲ +3.9%
Year Plans Participants Total Assets
2022 3 688 $113M
2023 3 752 $111M
2024 2 779 $118M

Nearby ESOP Plans in Michigan

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

Besser Company Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants Scatter plot of 6 data points. 0500100015002000 00.511.5 Total assets ($B) Participants Besser Company Employee Stock Ownership Plan, Total assets ($B): 0.050824163 · Participants: 346Besser Company Employee Stock Ownership PlanMcnaughton-Mckay Electric Company Employee Stock Ownership Plan, Total assets ($B): 1.052163391 · Participants: 1155Mcnaughton-Mckay Electric Company Employee Stock Ownership PlanThe Kendall Group Employee Stock Ownership Plan, Total assets ($B): 0.725583306 · Participants: 1817The Kendall Group Employee Stock Ownership PlanProject Worldwide, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.394784403 · Participants: 977Project Worldwide, Inc. Employee Stock Ownership PlanMotor City Electric Co. Employee Stock Ownership Plan, Total assets ($B): 0.191093331 · Participants: 209Motor City Electric Co. Employee Stock Ownership PlanBandit Holding Company, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.181896 · Participants: 591Bandit Holding Company, Inc. Employee Stock Ownership Plan
Besser Company Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Besser Company Employee Stock Ownership Plan side-by-side with 3 peers →

Besser Company Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Michigan, the nearest ESOP by assets is Merchants Financial Group, Inc. Employee Stock Ownership Plan in MN ($51M); by covered participants it is Techflow, Inc. Employee Stock Ownership Plan in CA (346 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (346 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 Besser Company Employee Stock Ownership Plan assets move in 2022? ▼
Besser Company Employee Stock Ownership Plan grew sharply - up 16.3% during 2022, from $44M to $51M. Reported net income was $9M.
How have Besser Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Besser Company's sponsor-wide assets grew 4.0%, from $113M to $118M.
Where does Besser Company Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Besser Company Employee Stock Ownership Plan ranks in the 88th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Besser Company Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Merchants Financial Group, Inc. Employee Stock Ownership Plan in MN ($51M, 423 participants).
Which ESOP plans cover a similar participant headcount to Besser Company Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Techflow, Inc. Employee Stock Ownership Plan in CA (346 participants, $30M 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 380346640.

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.