ESOP · DOL Form 5500 · 2023

Western State Agency, Inc. ESOP

Data updated 2026-08-25

$45M
Total assets Below avg plan size
269
Participants Below avg headcount
84th
Percentile by assets National rank
$166,913
Avg per participant Above avg balance/head
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Official DOL plan name: Western State Agency, Inc. Employee Stock Ownership Plan and Trust · Sponsored by Western State Agency, Inc. · North Dakota · Finance & Insurance

$45M in assets, 269 participants

Western State Agency, Inc.'s Western State Agency, Inc. Employee Stock Ownership Plan and Trust reported $45M in total assets and 269 participants in its 2023 DOL Form 5500 filing, ranking in the 84th 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.

  • #6,749 in Finance & Insurance (8,869 peers)

Where Western State Agency, Inc. Employee Stock Ownership Plan and Trust sits by assets

Western State Agency, Inc. Employee Stock Ownership Plan and Trust sits in the top quartile of all filed plans by assets, $45M for 269 participants (~$166,913/participant), down 1.1% in 2023.

#6,749
in Finance & Insurance (8,869 peers)
-1.1%
assets change YoY
0.5×
vs typical plan assets (national mean)

The plan reported a net loss of $512K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Western State Agency, Inc. Employee Stock Ownership Plan and Trust's outsized position by total assets

Western State Agency, Inc. Employee Stock Ownership Plan and Trust vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$44,899,609 Top 16% higher than 84% of 127,068 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 2023

Western State Agency, Inc. Employee Stock Ownership Plan and Trust among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Western State Agency, Inc. Employee Stock Ownership Plan and Trust sits mid-pack in the medium band (269 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Western State Agency, Inc. Employee Stock Ownership Plan and Trust reported net income fell from $6M in the plan year 2022 filing to -$512K in the plan year 2023 filing.
  • Western State Agency, Inc. Employee Stock Ownership Plan and Trust reported participants rose from 256 in the plan year 2022 filing to 269 in the plan year 2023 filing.
  • Western State Agency, Inc. Employee Stock Ownership Plan and Trust end-of-year assets fell from $45M in the plan year 2022 filing to $45M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 450106740 · Western State Agency, Inc. PY 2023 · ESOP

Western State Agency, Inc. Employee Stock Ownership Plan and Trust · $45M · 269 · 84th

  • EOY $45M
  • EOY 269
  • EOY 84th
  • EOY ESOP
  • EOY near Southwest Solutions Group, Inc. Employee Stock Ownership Plan
  • EOY ind #6749

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 North Dakota →

Western State Agency, Inc. Employee Stock Ownership Plan and Trust in the asset neighbourhood

J.F.N. Mechanical Contracting, Inc. Employee Stock Ownership PlanJ.F.N. Mechanical Contractin…$45MSupreme Group, Inc. Employee Stock Ownership PlanSupreme Group, Inc. Employee…$45MWestern State Agency, Inc. Employee Stock Ownership Plan and TrustWestern State Agency, Inc. E…$45MSouthwest Solutions Group, Inc. Employee Stock Ownership PlanSouthwest Solutions Group, I…$45MRcb Holding Company, Inc. Employee Stock Ownership PlanRcb Holding Company, Inc. Em…$45M
End-of-year total assets ($M) among Western State Agency, Inc. Employee Stock Ownership Plan and Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$45M
Net Assets (End of Year)$45M
Net Income-$512K
Employer EIN450106740
Plan Effective Date2000-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Western State Agency, Inc.)

Sponsor-wide plan assets over time

All Western State Agency, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$77M 25.04964505411577% vs 2022
2024 filing year
$55M$60M$65M$70M$75M$80M 202220232024 $61.2M $76.6M ▲ +25.1%
Year Plans Participants Total Assets
2022 2 512 $61M
2023 2 537 $65M
2024 2 573 $77M

Nearby ESOP Plans in North Dakota

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

Western State Agency, Inc. Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -1000010002000300040005000 -0.500.511.5 Total assets ($B) Participants Western State Agency, Inc. Employee Stock Ownership Plan and Trust, Total assets ($B): 0.044899609 · Participants: 269Western State Agency, Inc. Employee Stock Ownership Plan and TrustBorder States Industries, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.176759361 · Participants: 2973Border States Industries, Inc. Employee Stock Ownership PlanScheels Employee Stock Ownership Plan, Total assets ($B): 0.837710398 · Participants: 4597Scheels Employee Stock Ownership PlanDakota Supply Group, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.229795263 · Participants: 767Dakota Supply Group, Inc. Employee Stock Ownership PlanUlteig, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.158672448 · Participants: 901Ulteig, Inc. Employee Stock Ownership PlanFrontier Precision, Inc Employee Stock Ownership Plan, Total assets ($B): 0.086685795 · Participants: 90Frontier Precision, Inc Employee Stock Ownership Plan
Western State Agency, Inc. Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in North Dakota, assets vs. participants
Compare Western State Agency, Inc. Employee Stock Ownership Plan and Trust side-by-side with 3 peers →

Western State Agency, Inc. Employee Stock Ownership Plan and Trust's out-of-state ESOP peers by assets and headcount

Outside North Dakota, the nearest ESOP by assets is Southwest Solutions Group, Inc. Employee Stock Ownership Plan in TX ($45M); by covered participants it is The Suter Company, Inc. Employee Stock Ownership Plan in IL (269 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (269 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Western State Agency, Inc. Employee Stock Ownership Plan and Trust assets move in 2023? ▼
Western State Agency, Inc. Employee Stock Ownership Plan and Trust edged down modestly - down 1.1% during 2023, from $45M to $45M. Reported net income was -$512K.
How have Western State Agency, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Western State Agency, Inc.'s sponsor-wide assets grew 25.0%, from $61M to $77M.
Where does Western State Agency, Inc. Employee Stock Ownership Plan and Trust rank by assets among Form 5500 filers? ▼
Western State Agency, Inc. Employee Stock Ownership Plan and Trust ranks in the 84th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Western State Agency, Inc. Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by assets is Southwest Solutions Group, Inc. Employee Stock Ownership Plan in TX ($45M, 123 participants).
Which ESOP plans cover a similar participant headcount to Western State Agency, Inc. Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by covered participants is The Suter Company, Inc. Employee Stock Ownership Plan in IL (269 participants, $40M in assets).

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 450106740.

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.