401(k) · DOL Form 5500 · 2023

Bergstrom Electric, Inc. 401(k) Plan

Data updated 2026-08-25

$15M
Total assets Small plan by assets
131
Participants Small participant base
67th
Percentile by assets National rank
$112,009
Avg per participant Below avg balance/head
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Official DOL plan name: Bergstrom Electric, Inc. 401(k) Plan · Sponsored by Bergstrom Electric, Inc. · North Dakota · Construction

$15M in assets, 131 participants

Bergstrom Electric, Inc.'s Bergstrom Electric, Inc. 401(k) Plan reported $15M in total assets and 131 participants in its 2023 DOL Form 5500 filing, ranking in the 67th 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.

  • #5,908 in Construction (9,030 peers)

Coverage in North Dakota

Bergstrom Electric, Inc. 401(k) Plan covers 131 participants in North Dakota, about 26% of the average North Dakota filer (state average ~504 per filing). Assets: $15M.

#5,908
in Construction (9,030 peers)
+19.0%
assets growth YoY

Bergstrom Electric, Inc. 401(k) Plan's outsized position by total assets

Bergstrom Electric, Inc. 401(k) Plan vs every filed plan by assets

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

$14,673,138 Top 33% higher than 67% 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

Bergstrom Electric, Inc. 401(k) 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. Bergstrom Electric, Inc. 401(k) Plan sits mid-pack in the medium band (131 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bergstrom Electric, Inc. 401(k) Plan reported net income rose from -$3M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Bergstrom Electric, Inc. 401(k) Plan end-of-year assets rose from $12M in the plan year 2022 filing to $15M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 450332406 · Bergstrom Electric, Inc. PY 2023 · 401(k)

Bergstrom Electric, Inc. 401(k) Plan · $15M · 131 · 67th

  • BOOK $15M
  • VS-ST 131
  • BOY 67th
  • SCH 401(k)
  • EBSA near Pierce Companies 401(k) Plan
  • PART ind #5908

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 Construction retirement plans → · Plans in North Dakota →

Bergstrom Electric, Inc. 401(k) Plan in the asset neighbourhood

Bergstrom Electric, Inc. 401(k) PlanBergstrom Electric, Inc. 401…$15MPierce Companies 401(k) Plan$15MPacific Income Advisers, Inc. 401(k) Profit Sharing PlanPacific Income Advisers, Inc…$15MSecuritymetrics Inc 401(k) PlanSecuritymetrics Inc 401(k) P…$15MAmg, Inc 401(k) Plan$15M
End-of-year total assets ($M) among Bergstrom Electric, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Dakota filing particulars

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$15M
Net Income$2M
Employer EIN450332406
Plan Effective Date1990-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bergstrom Electric, Inc.)

Sponsor-wide plan assets over time

All Bergstrom Electric, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$40M 48.194355449234166% vs 2022
2024 filing year
$25M$30M$35M$40M$45M 202220232024 $26.7M $39.6M ▲ +48.2%
Year Plans Participants Total Assets
2022 2 229 $27M
2023 2 239 $33M
2024 2 249 $40M

Nearby 401(k) Plans in North Dakota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Bergstrom Electric, Inc. 401(k) Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -101234 Total assets ($B) Participants Bergstrom Electric, Inc. 401(k) Plan, Total assets ($B): 0.014673138 · Participants: 131Bergstrom Electric, Inc. 401(k) PlanSanford Retirement Savings Plan, Total assets ($B): 3.110361496 · Participants: 30495Sanford Retirement Savings PlanMdu Resources Group, Inc. 401(k) Retirement Plan, Total assets ($B): 0.829880488 · Participants: 8551Mdu Resources Group, Inc. 401(k) Retirement PlanKnife River Corporation 401(k) Retirement Plan, Total assets ($B): 0.7412361 · Participants: 5269Knife River Corporation 401(k) Retirement PlanDakotas Areawide IBEW-NECA Savings and Retirement Plan, Total assets ($B): 0.521170291 · Participants: 3853Dakotas Areawide IBEW-NECA Savings and Retirement PlanEide Bailly LLP 401(k) Profit Sharing Plan, Total assets ($B): 0.512524705 · Participants: 2920Eide Bailly LLP 401(k) Profit Sharing Plan
Bergstrom Electric, Inc. 401(k) Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants
Compare Bergstrom Electric, Inc. 401(k) Plan side-by-side with 3 peers →

Bergstrom Electric, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Dakota, the nearest 401(k) by assets is Pierce Companies 401(k) Plan in MT ($15M); by covered participants it is Galen Healthcare Solutions, Inc. 401(k) Plan in IL (131 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($15M here).

Similar participant headcount

Nearest other-state filings by covered participants (131 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 Bergstrom Electric, Inc. 401(k) Plan assets move in 2023? ▼
Bergstrom Electric, Inc. 401(k) Plan grew sharply - up 19.0% during 2023, from $12M to $15M. Reported net income was $2M.
How have Bergstrom Electric, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bergstrom Electric, Inc.'s sponsor-wide assets grew 48.2%, from $27M to $40M.
Which 401(k) plans are similar in size to Bergstrom Electric, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Pierce Companies 401(k) Plan in MT ($15M, 151 participants).
Which 401(k) plans cover a similar participant headcount to Bergstrom Electric, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Galen Healthcare Solutions, Inc. 401(k) Plan in IL (131 participants, N/A 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 450332406.

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.