ESOP · DOL Form 5500 · 2022

Minnesota Elevator, Inc ESOP

Data updated 2026-08-25

$29M
Total assets Below avg plan size
164
Participants Small participant base
82nd
Percentile by assets National rank
$174,542
Avg per participant Above avg balance/head
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Official DOL plan name: Minnesota Elevator, Inc. Employee Stock Ownership Plan · Sponsored by Minnesota Elevator, Inc · Minnesota · Other Services

$29M in assets, 164 participants

Minnesota Elevator, Inc's Minnesota Elevator, Inc. Employee Stock Ownership Plan reported $29M in total assets and 164 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.

  • #7,646 in Other Services (8,398 peers)

Coverage in Minnesota

Minnesota Elevator, Inc. Employee Stock Ownership Plan covers 164 participants in Minnesota, about 15% of the average Minnesota filer (state average ~1,126 per filing). Assets: $29M.

#7,646
in Other Services (8,398 peers)
+11.0%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Minnesota Elevator, Inc. Employee Stock Ownership Plan's outsized position by total assets

Minnesota Elevator, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$28,624,895 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

Minnesota Elevator, 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. Minnesota Elevator, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (164 participants).

Form 5500 schedule snapshot

Filing strip 410972538 · Minnesota Elevator, Inc PY 2022 · ESOP

Minnesota Elevator, Inc. Employee Stock Ownership Plan · $29M · 164 · 82nd

  • BOOK $29M
  • BOOK 164
  • BOOK 82nd
  • BOOK ESOP
  • BOOK near Ramey's Employee Stock Ownership Plan
  • BOOK ind #7646

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 →

Minnesota Elevator, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Honat Bancorp, Inc. Employee Stock Ownership Plan W/401(k) ProvisionsHonat Bancorp, Inc. Employee…$29MBerpl, Inc. Employee Stock Ownership PlanBerpl, Inc. Employee Stock O…$29MRamey's Employee Stock Ownership PlanRamey's Employee Stock Owner…$29MMinnesota Elevator, Inc. Employee Stock Ownership PlanMinnesota Elevator, Inc. Emp…$29MBluewater Constructors, Inc. Employee Stock Ownership PlanBluewater Constructors, Inc.…$29M
End-of-year total assets ($M) among Minnesota Elevator, 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)$26M
Net Assets (End of Year)$29M
Net Income$3M
Employer EIN410972538
Plan Effective Date2002-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Minnesota Elevator, Inc)

Sponsor-wide plan assets over time

All Minnesota Elevator, Inc plans reported in each filing year

Latest sponsor-wide plan assets
$107M 92.98314047525355% vs 2022
2024 filing year
$40M$60M$80M$100M$120M 202220232024 $55.5M $107M ▲ +93.0%
Year Plans Participants Total Assets
2022 2 451 $56M
2023 2 454 $83M
2024 2 462 $107M

Nearby ESOP Plans in Minnesota

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

Minnesota Elevator, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -50000500010000 -2000200400600800 Total assets ($M) Participants Minnesota Elevator, Inc. Employee Stock Ownership Plan, Total assets ($M): 28.624895 · Participants: 164Minnesota Elevator, 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
Minnesota Elevator, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Minnesota Elevator, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Minnesota Elevator, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is Ramey's Employee Stock Ownership Plan in MO ($29M); by covered participants it is Subzero Constructors, Inc. Employee Stock Ownership Plan in CA (164 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (164 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 Minnesota Elevator, Inc. Employee Stock Ownership Plan assets move in 2022? ▼
Minnesota Elevator, Inc. Employee Stock Ownership Plan grew at a solid clip - up 11.0% during 2022, from $26M to $29M. Reported net income was $3M.
How have Minnesota Elevator, Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Minnesota Elevator, Inc's sponsor-wide assets grew 93.0%, from $56M to $107M.
Where does Minnesota Elevator, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Minnesota Elevator, Inc. Employee Stock Ownership Plan 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 Minnesota Elevator, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Ramey's Employee Stock Ownership Plan in MO ($29M, 950 participants).
Which ESOP plans cover a similar participant headcount to Minnesota Elevator, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Subzero Constructors, Inc. Employee Stock Ownership Plan in CA (164 participants, $38M 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 410972538.

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.