ESOP · DOL Form 5500 · 2023

Berger Financial Group, Inc. ESOP

Data updated 2026-08-25

$10M
Total assets Small plan by assets
59
Participants Small participant base
58th
Percentile by assets National rank
$165,962
Avg per participant Above avg balance/head
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Official DOL plan name: Berger Financial Group Employee Stock Ownership Plan · Sponsored by Berger Financial Group, Inc. · Minnesota · Other Services

$10M in assets, 59 participants

Berger Financial Group, Inc.'s Berger Financial Group Employee Stock Ownership Plan reported $10M in total assets and 59 participants in its 2023 DOL Form 5500 filing, ranking in the 58th 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.

  • #5,971 in Other Services (7,857 peers)

Berger Financial Group, Inc. multi-year trail

Berger Financial Group, Inc.'s plans moved +78.4% in assets from 2022 to 2024; this filing shows Berger Financial Group Employee Stock Ownership Plan at $10M / 59 participants.

#5,971
in Other Services (7,857 peers)
+11.3%
assets growth YoY

Berger Financial Group Employee Stock Ownership Plan's mid-pack asset rank among Other Services and all filers

Berger Financial Group Employee Stock Ownership Plan vs every filed plan by assets

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

$9,791,776 Top 42% higher than 58% 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

Berger Financial Group Employee Stock Ownership 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. Berger Financial Group Employee Stock Ownership Plan is a small filing (59 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Berger Financial Group Employee Stock Ownership Plan reported net income rose from $802K in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Berger Financial Group Employee Stock Ownership Plan reported participants rose from 51 in the plan year 2022 filing to 59 in the plan year 2023 filing.
  • Berger Financial Group Employee Stock Ownership Plan end-of-year assets rose from $9M in the plan year 2022 filing to $10M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 411856827 · Berger Financial Group, Inc. PY 2023 · ESOP

Berger Financial Group Employee Stock Ownership Plan · $10M · 59 · 58th

  • NET $10M
  • BOOK 59
  • VS-ST 58th
  • BOY ESOP
  • SCH near Ollis and Company Employee Stock Ownership Plan
  • EBSA ind #5971

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 →

Berger Financial Group Employee Stock Ownership Plan in the asset neighbourhood

Ffd Financial Corporation Employee Stock Ownership PlanFfd Financial Corporation Em…$10MBerger Financial Group Employee Stock Ownership PlanBerger Financial Group Emplo…$10MOllis and Company Employee Stock Ownership PlanOllis and Company Employee S…$10MHyspan Precision Products, Inc. Employee Stock Ownership PlanHyspan Precision Products, I…$10MThe Law Company, Inc. Employee Stock Ownership PlanThe Law Company, Inc. Employ…$10M
End-of-year total assets ($M) among Berger Financial Group Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Berger Financial Group, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Berger Financial Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$16M 78.4090844524808% vs 2022
2024 filing year
$5M$10M$15M$20M 202220232024 $8.8M $15.7M ▲ +78.4%
Year Plans Participants Total Assets
2022 1 51 $9M
2023 1 59 $10M
2024 1 58 $16M

Berger Financial Group, Inc. filing trail (2023)

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$2M
Net Income$2M
Employer EIN411856827
Plan Effective Date2019-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Minnesota

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

Berger Financial Group Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -20002004006008001000 Total assets ($M) Participants Berger Financial Group Employee Stock Ownership Plan, Total assets ($M): 9.791776 · Participants: 59Berger Financial Group 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
Berger Financial Group Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Berger Financial Group Employee Stock Ownership Plan side-by-side with 3 peers →

Berger Financial Group Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is Ollis and Company Employee Stock Ownership Plan in MO ($10M); by covered participants it is Generations Bank Employee Stock Ownership Plan in NY (59 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (59 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 Berger Financial Group Employee Stock Ownership Plan assets move in 2023? ▼
Berger Financial Group Employee Stock Ownership Plan grew at a solid clip - up 11.3% during 2023, from $9M to $10M. Reported net income was $2M.
How have Berger Financial Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Berger Financial Group, Inc.'s sponsor-wide assets grew 78.4%, from $9M to $16M.
Which ESOP plans are similar in size to Berger Financial Group Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Ollis and Company Employee Stock Ownership Plan in MO ($10M, 50 participants).
Which ESOP plans cover a similar participant headcount to Berger Financial Group Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Generations Bank Employee Stock Ownership Plan in NY (59 participants, $1M 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 411856827.

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.