ESOP · DOL Form 5500 · 2023

Minnesota Elevator, Inc ESOP

Data updated 2026-08-25

$52M
Total assets Below avg plan size
156
Participants Small participant base
86th
Percentile by assets National rank
$331,531
Avg per participant High 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

$52M in assets, 156 participants

Minnesota Elevator, Inc's Minnesota Elevator, Inc. Employee Stock Ownership Plan reported $52M in total assets and 156 participants in its 2023 DOL Form 5500 filing, ranking in the 86th 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.

  • #7,355 in Other Services (7,857 peers)

Coverage in Minnesota

Minnesota Elevator, Inc. Employee Stock Ownership Plan covers 156 participants in Minnesota, about 14% of the average Minnesota filer (state average ~1,126 per filing). Assets: $52M.

#7,355
in Other Services (7,857 peers)
+80.7%
assets growth YoY
0.5×
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 2023 · DOL Form 5500

$51,718,904 Top 14% higher than 86% 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

Minnesota Elevator, Inc. Employee Stock Ownership Plan 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. Minnesota Elevator, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (156 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Minnesota Elevator, Inc. Employee Stock Ownership Plan reported net income rose from $3M in the plan year 2022 filing to $18M in the plan year 2023 filing.
  • Minnesota Elevator, Inc. Employee Stock Ownership Plan end-of-year assets rose from $29M in the plan year 2022 filing to $52M in the plan year 2023 filing.
  • Minnesota Elevator, Inc. Employee Stock Ownership Plan reported participants fell from 164 in the plan year 2022 filing to 156 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 410972538 · Minnesota Elevator, Inc PY 2023 · ESOP

Minnesota Elevator, Inc. Employee Stock Ownership Plan · $52M · 156 · 86th

  • IND $52M
  • IND 156
  • IND 86th
  • IND ESOP
  • IND near Fishback Financial Corporation Employee Stock Ownership Plan
  • IND ind #7355

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

American Equity Investment Employee Stock Ownership PlanAmerican Equity Investment E…$52MConcrete Supply Co. Inc. Employee Stock Ownership PlanConcrete Supply Co. Inc. Emp…$52MFishback Financial Corporation Employee Stock Ownership PlanFishback Financial Corporati…$52MLockheed Martin Corporation Basic Benefit Plan for Hourly EmployeesLockheed Martin Corporation …$52MMinnesota Elevator, Inc. Employee Stock Ownership PlanMinnesota Elevator, Inc. Emp…$52M
End-of-year total assets ($M) among Minnesota Elevator, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$29M
Net Assets (End of Year)$45M
Net Income$18M
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. -5000050001000015000 02004006008001000 Total assets ($M) Participants Minnesota Elevator, Inc. Employee Stock Ownership Plan, Total assets ($M): 51.718904 · Participants: 156Minnesota Elevator, Inc. Employee Stock Ownership PlanAndersen Corporation Employee Stock Ownership Plan, Total assets ($M): 899.073238 · Participants: 11644Andersen Corporation Employee Stock Ownership PlanKingdom Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 497.538965 · Participants: 789Kingdom Enterprises, Inc. Employee Stock Ownership PlanLandscape Structures, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 432.374379 · Participants: 446Landscape Structures, Inc. Employee Stock Ownership Plan and TrustHormel Foods Corporation Joint Earnings Profit Sharing Trust, Total assets ($M): 431.874919 · Participants: 4575Hormel Foods Corporation Joint Earnings Profit Sharing TrustForce America Inc. Employee Stock Ownership Plan, Total assets ($M): 426.610266 · Participants: 412Force America 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 Fishback Financial Corporation Employee Stock Ownership Plan in SD ($52M); by covered participants it is Natural Beauty Growers Employee Stock Ownership Plan in WI (156 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (156 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 Minnesota Elevator, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Minnesota Elevator, Inc. Employee Stock Ownership Plan surged - up 80.7% during 2023, from $29M to $52M. Reported net income was $18M.
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 86th 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 Minnesota Elevator, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Fishback Financial Corporation Employee Stock Ownership Plan in SD ($52M, 713 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 Natural Beauty Growers Employee Stock Ownership Plan in WI (156 participants, $3M 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 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.