ESOP · DOL Form 5500 · 2023

Bergstrom Electric, Inc. ESOP

Data updated 2026-08-11

$18M
Total assets
108
Participants
71st
Percentile by assets
$166,843
Avg per participant
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Official DOL plan name: Bergstrom Electric, Inc. ESOP · Sponsored by Bergstrom Electric, Inc. · North Dakota · Construction

$18M in assets, 108 participants

Bergstrom Electric, Inc.'s Bergstrom Electric, Inc. ESOP reported $18M in total assets and 108 participants in its 2023 DOL Form 5500 filing, ranking in the 71st 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.

  • 71st percentile by assets (of 127,072 plans)
  • #6,274 in Construction (9,030 peers)

Coverage in North Dakota

Bergstrom Electric, Inc. ESOP covers 108 participants in North Dakota, about 21% of the average North Dakota filer (state average ~504 per filing). Assets: $18M.

$18M
total plan assets (2023 EOY)
108
covered participants
71st
percentile by assets (of 127,072 plans)
$166,843
avg assets per participant

Where Bergstrom Electric, Inc. ESOP sits by total assets

Bergstrom Electric, Inc. ESOP vs every filed plan by assets

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

$18,019,088 Top 29% higher than 71% of 127,068 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bergstrom Electric, Inc. ESOP reported net income rose from $1M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Bergstrom Electric, Inc. ESOP end-of-year assets rose from $14M in the plan year 2022 filing to $18M in the plan year 2023 filing.
  • Bergstrom Electric, Inc. ESOP reported participants rose from 98 in the plan year 2022 filing to 108 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
North Dakota
Industry
Construction

Participants vs North Dakota filers

In North Dakota, the average filing covers about 504 participants across 359 plans. Bergstrom Electric, Inc. ESOP reports 108 participants - about 21% of that state average ($18M EOY assets).

North Dakota filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$15M
Net Income$4M
Employer EIN450332406
Plan Effective Date2012-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bergstrom Electric, Inc.)

$25M$30M$35M$40M$45M 202220232024 $26.7M $39.6M ▲ +48.2%
Total plan assets by year, all Bergstrom Electric, Inc. plans on file
Year Plans Participants Total Assets
2022 2 229 $27M
2023 2 239 $33M
2024 2 249 $40M

Nearby ESOP Plans in North Dakota

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

Bergstrom Electric, Inc. ESOP vs. nearby ESOP plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -1000010002000300040005000 -0.500.511.5 Total assets ($B) Participants Bergstrom Electric, …, Total assets ($B): 0.018019088 · Participants: 108Bergstrom Electric, …Border States Indust…, Total assets ($B): 1.176759361 · Participants: 2973Border States Indust…Scheels Employee Sto…, Total assets ($B): 0.837710398 · Participants: 4597Scheels Employee Sto…Dakota Supply Group,…, Total assets ($B): 0.229795263 · Participants: 767Dakota Supply Group,…Ulteig, Inc. Employe…, Total assets ($B): 0.158672448 · Participants: 901Ulteig, Inc. Employe…Frontier Precision, …, Total assets ($B): 0.086685795 · Participants: 90Frontier Precision, …
Bergstrom Electric, Inc. ESOP vs. nearby ESOP plans in North Dakota, assets vs. participants
Compare Bergstrom Electric, Inc. ESOP side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Bergstrom Electric, Inc. ESOP by total assets, not by location.

Frequently Asked Questions

How did Bergstrom Electric, Inc. ESOP assets move in 2023? ▼
Bergstrom Electric, Inc. ESOP grew sharply - up 25.4% during 2023, from $14M to $18M. Reported net income was $4M.
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 ESOP plans are similar in size to Bergstrom Electric, Inc. ESOP? ▼
Among ESOP plans in other states, the closest by assets is Argus Consulting Employee Stock Ownership Plan in KS ($18M, 87 participants).

Next read for Bergstrom Electric, Inc. ESOP

Filing takeaways

Ways to act on Bergstrom Electric, Inc. ESOP's numbers.

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.