ESOP · DOL Form 5500 · 2022

North States Industries, Inc. ESOP

Data updated 2026-08-25

$28M
Total assets Below avg plan size
132
Participants Small participant base
82nd
Percentile by assets National rank
$213,549
Avg per participant Above avg balance/head
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Official DOL plan name: North States Industries, Inc. Employee Stock Ownership Plan & Trust · Sponsored by North States Industries, Inc. · Minnesota · Manufacturing

$28M in assets, 132 participants

North States Industries, Inc.'s North States Industries, Inc. Employee Stock Ownership Plan & Trust reported $28M in total assets and 132 participants in its 2022 DOL Form 5500 filing, ranking in the 82nd 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.

  • #15,345 in Manufacturing (20,602 peers)

Coverage in Minnesota

North States Industries, Inc. Employee Stock Ownership Plan & Trust covers 132 participants in Minnesota, about 12% of the average Minnesota filer (state average ~1,126 per filing). Assets: $28M.

#15,345
in Manufacturing (20,602 peers)
-15.7%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

North States Industries, Inc. Employee Stock Ownership Plan & Trust's outsized position by total assets

North States Industries, Inc. Employee Stock Ownership Plan & Trust vs every filed plan by assets

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

$28,188,485 Top 18% higher than 82% 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

North States Industries, Inc. Employee Stock Ownership Plan & 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. North States Industries, Inc. Employee Stock Ownership Plan & Trust sits mid-pack in the medium band (132 participants).

Form 5500 schedule snapshot

Filing strip 410739037 · North States Industries, Inc. PY 2022 · ESOP

North States Industries, Inc. Employee Stock Ownership Plan & Trust · $28M · 132 · 82nd

  • BOY $28M
  • BOY 132
  • BOY 82nd
  • BOY ESOP
  • BOY near Kelley Manufacturing Co. Employee Stock Ownership Plan
  • BOY ind #15345

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 →

North States Industries, Inc. Employee Stock Ownership Plan & Trust in the asset neighbourhood

Pala Group, Inc. Employee Stock Ownership PlanPala Group, Inc. Employee St…$28MAluminum Precision Products, Inc. Employee Stock Ownership PlanAluminum Precision Products,…$28MClassic Transportation Services Inc. ESOPClassic Transportation Servi…$28MKelley Manufacturing Co. Employee Stock Ownership PlanKelley Manufacturing Co. Emp…$28MNorth States Industries, Inc. Employee Stock Ownership Plan & TrustNorth States Industries, Inc…$28M
End-of-year total assets ($M) among North States Industries, Inc. Employee Stock Ownership Plan & Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$33M
Net Assets (End of Year)$25M
Net Income-$4M
Employer EIN410739037
Plan Effective Date1993-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (North States Industries, Inc.)

Sponsor-wide plan assets over time

All North States Industries, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$20M 33.203316294696926% vs 2022
2024 filing year
$15M$20M$25M$30M$35M 202220232024 $30.5M $20.4M ▼ -33.2%
Year Plans Participants Total Assets
2022 2 269 $31M
2023 1 114 $24M
2024 1 100 $20M

Nearby ESOP Plans in Minnesota

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

North States Industries, Inc. Employee Stock Ownership Plan & Trust vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -50000500010000 -2000200400600800 Total assets ($M) Participants North States Industries, Inc. Employee Stock Ownership Plan & Trust, Total assets ($M): 28.188485 · Participants: 132North States Industries, Inc. Employee Stock Ownership Plan & 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
North States Industries, Inc. Employee Stock Ownership Plan & Trust vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare North States Industries, Inc. Employee Stock Ownership Plan & Trust side-by-side with 3 peers →

North States Industries, Inc. Employee Stock Ownership Plan & Trust's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is Kelley Manufacturing Co. Employee Stock Ownership Plan in GA ($28M); by covered participants it is Kappler, Inc. Employee Stock Ownership Plan in AL (132 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (132 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 North States Industries, Inc. Employee Stock Ownership Plan & Trust assets move in 2022? ▼
North States Industries, Inc. Employee Stock Ownership Plan & Trust declined sharply - down 15.7% during 2022, from $33M to $28M. Reported net income was -$4M.
How have North States Industries, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), North States Industries, Inc.'s sponsor-wide assets declined 33.2%, from $31M to $20M.
Where does North States Industries, Inc. Employee Stock Ownership Plan & Trust rank by assets among Form 5500 filers? ▼
North States Industries, Inc. Employee Stock Ownership Plan & Trust ranks in the 82nd 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 North States Industries, Inc. Employee Stock Ownership Plan & Trust? ▼
Among ESOP plans in other states, the closest by assets is Kelley Manufacturing Co. Employee Stock Ownership Plan in GA ($28M, 196 participants).
Which ESOP plans cover a similar participant headcount to North States Industries, Inc. Employee Stock Ownership Plan & Trust? ▼
Among ESOP plans in other states, the closest by covered participants is Kappler, Inc. Employee Stock Ownership Plan in AL (132 participants, $684K 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 410739037.

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.