401(k) · DOL Form 5500 · 2023

Giertsen Company 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
60
Participants Small participant base
55th
Percentile by assets National rank
$140,090
Avg per participant Near avg balance/head
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Official DOL plan name: Giertsen Companies Employee Savings Plan · Sponsored by Giertsen Company · Minnesota · Construction

$8M in assets, 60 participants

Giertsen Company's Giertsen Companies Employee Savings Plan reported $8M in total assets and 60 participants in its 2023 DOL Form 5500 filing, ranking in the 55th 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.

  • #4,807 in Construction (9,030 peers)

Giertsen Company multi-year trail

Giertsen Company's plans moved +12.1% in assets from 2022 to 2024; this filing shows Giertsen Companies Employee Savings Plan at $8M / 60 participants.

#4,807
in Construction (9,030 peers)
+9.0%
assets growth YoY

Giertsen Companies Employee Savings Plan's mid-pack asset rank among Construction and all filers

Giertsen Companies Employee Savings Plan vs every filed plan by assets

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

$8,405,398 Top 45% higher than 55% 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

Giertsen Companies Employee Savings Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Giertsen Companies Employee Savings Plan is a small filing (60 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Giertsen Companies Employee Savings Plan reported net income rose from -$1M in the plan year 2022 filing to $695K in the plan year 2023 filing.
  • Giertsen Companies Employee Savings Plan end-of-year assets rose from $8M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Giertsen Companies Employee Savings Plan reported participants rose from 58 in the plan year 2022 filing to 60 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 411803035 · Giertsen Company PY 2023 · 401(k)

Giertsen Companies Employee Savings Plan · $8M · 60 · 55th

  • PCT $8M
  • EIN 60
  • RANK 55th
  • PHOTO 401(k)
  • IND near El Concilio Profit Sharing 401(k) Plan
  • EOY ind #4807

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 Minnesota →

Giertsen Companies Employee Savings Plan in the asset neighbourhood

Giertsen Companies Employee Savings PlanGiertsen Companies Employee …$8MEl Concilio Profit Sharing 401(k) PlanEl Concilio Profit Sharing 4…$8MTrust Automation, Inc. 401(k) Profit Sharing PlanTrust Automation, Inc. 401(k…$8MSes 401(k) Plan$8MThe Fiesta Tableware Company and the United Steel, and Forestry, Rubber, Manufacturing, Energy, Allie Service Workers Intl Union Local 419mThe Fiesta Tableware Company…$8M
End-of-year total assets ($M) among Giertsen Companies Employee Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Giertsen Company multi-year asset trail

Sponsor-wide plan assets over time

All Giertsen Company plans reported in each filing year

Latest sponsor-wide plan assets
$9M 12.063167776387555% vs 2022
2024 filing year
$7.5M$8M$8.5M$9M 202220232024 $7.71M $8.64M ▲ +12.1%
Year Plans Participants Total Assets
2022 1 58 $8M
2023 1 60 $8M
2024 1 73 $9M

Giertsen Company filing trail (2023)

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$8M
Net Income$695K
Employer EIN411803035
Plan Effective Date1984-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Minnesota

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

Giertsen Companies Employee Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Giertsen Companies Employee Savings Plan, Total assets ($B): 0.008405398 · Participants: 60Giertsen Companies Employee Savings PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
Giertsen Companies Employee Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Giertsen Companies Employee Savings Plan side-by-side with 3 peers →

Giertsen Companies Employee Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is El Concilio Profit Sharing 401(k) Plan in CA ($8M); by covered participants it is Fabricated Pipe, Inc. Profit Sharing 401(k) Plan and Trust in LA (60 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (60 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 Giertsen Companies Employee Savings Plan assets move in 2023? ▼
Giertsen Companies Employee Savings Plan grew at a solid clip - up 9.0% during 2023, from $8M to $8M. Reported net income was $695K.
How have Giertsen Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Giertsen Company's sponsor-wide assets grew 12.1%, from $8M to $9M.
Which 401(k) plans are similar in size to Giertsen Companies Employee Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is El Concilio Profit Sharing 401(k) Plan in CA ($8M, 195 participants).
Which 401(k) plans cover a similar participant headcount to Giertsen Companies Employee Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Fabricated Pipe, Inc. Profit Sharing 401(k) Plan and Trust in LA (60 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 411803035.

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.