ESOP · DOL Form 5500 · 2023

Northern Factory Sales, Inc. ESOP

Data updated 2026-08-11

$84M
Total assets: 89
Participants: 90th
Percentile by assets: $943,336
Avg per participant

Official DOL plan name: Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust · Sponsored by Northern Factory Sales, Inc. · Minnesota · Wholesale Trade

$84M in assets, 89 participants

Northern Factory Sales, Inc.'s Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust reported $84M in total assets and 89 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

90th percentile by assets (of 127,072 plans)
#5,781 in Wholesale Trade (6,309 peers)

Where Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust sits by assets

Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust sits in the top 10% of all filed plans by assets, $84M for 89 participants (~$943,336/participant), up 9.5% in 2023.

$84M
total plan assets (2023 EOY): 89
covered participants: 90th
percentile by assets (of 127,072 plans): $943,336
avg assets per participant

Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust reported net income fell from $10M in the plan year 2022 filing to $7M in the plan year 2023 filing.
Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust end-of-year assets rose from $77M in the plan year 2022 filing to $84M in the plan year 2023 filing.
Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust reported participants rose from 85 in the plan year 2022 filing to 89 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Minnesota

Industry

Wholesale Trade

Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust vs the 2023 asset distribution

By assets, Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust outranks 90% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.8x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$77M
Net Assets (End of Year)	$84M
Net Income	$7M
Employer EIN	411571247
Plan Effective Date	2014-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Northern Factory Sales, Inc.)

Total plan assets by year, all Northern Factory Sales, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	1	85	$77M
2023	1	89	$84M
2024	1	90	$84M

Nearby ESOP Plans in Minnesota

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

Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Minnesota, assets vs. participants

Andersen Corporation Employee Stock Ownership Plan $899M · 11,644
Kingdom Enterprises, Inc. Employee Stock Ownership Plan $498M · 789
Landscape Structures, Inc. Employee Stock Ownership Plan and Trust $432M · 446
Hormel Foods Corporation Joint Earnings Profit Sharing Trust $432M · 4,575
Force America Inc. Employee Stock Ownership Plan $427M · 412

Compare Northern Factory Sales, Inc. Employee St… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust by total assets, not by location.

Mckim & Creed, Inc. Employee Stock Ownership Plan (NC) $84M · 867
Shamrock Trading Corporation ESOP Retirement Plan (KS) $84M · 1,377
Schnabel, Inc. Employee Stock Ownership Plan (VA) $83M · 435
Duramax Global Corp Employee Stock Ownership Plan (OH) $84M · 96

Frequently Asked Questions

How did Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust assets move in 2023? ▼

Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust grew at a solid clip - up 9.5% during 2023, from $77M to $84M. Reported net income was $7M.

How have Northern Factory Sales, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Northern Factory Sales, Inc.'s sponsor-wide assets grew 10.0%, from $77M to $84M.

Where does Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust rank by assets among Form 5500 filers? ▼

Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust ranks in the 90th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).

Which ESOP plans are similar in size to Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust? ▼

Among ESOP plans in other states, the closest by assets is Mckim & Creed, Inc. Employee Stock Ownership Plan in NC ($84M, 867 participants).

Next read for Northern Factory Sales, Inc. Employee St…

Scale reading

Ways to act on Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust's numbers.

By total assets, Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust 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
Northern Factory Sales, Inc.'s sponsor-wide assets have grown 10.0% since 2022 across 3 plan years on file. More Wholesale Trade plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 411571247.