ESOP · DOL Form 5500 · 2023

Bergstrom Electric, Inc. ESOP

Data updated 2026-08-25

$18M
Total assets Small plan by assets
108
Participants Small participant base
71st
Percentile by assets National rank
$166,843
Avg per participant Above avg balance/head
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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.

  • #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.

#6,274
in Construction (9,030 peers)
+25.4%
assets growth YoY

Bergstrom Electric, Inc. ESOP's outsized position 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 $2,050,000,000 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. ESOP 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. ESOP sits mid-pack in the medium band (108 participants).

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 →

Form 5500 schedule snapshot

Filing strip 450332406 · Bergstrom Electric, Inc. PY 2023 · ESOP

Bergstrom Electric, Inc. ESOP · $18M · 108 · 71st

  • RANK $18M
  • RANK 108
  • RANK 71st
  • RANK ESOP
  • RANK near Argus Consulting Employee Stock Ownership Plan
  • RANK ind #6274

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 North Dakota →

Bergstrom Electric, Inc. ESOP in the asset neighbourhood

Food Authority Employee Stock Ownership PlanFood Authority Employee Stoc…$18MA-1 Global Holdings ESOP Plan and TrustA-1 Global Holdings ESOP Pla…$18MBergstrom Electric, Inc. ESOP$18MArgus Consulting Employee Stock Ownership PlanArgus Consulting Employee St…$18MBcp Dagny Holdings Inc Employee Stock Ownership PlanBcp Dagny Holdings Inc Emplo…$18M
End-of-year total assets ($M) among Bergstrom Electric, Inc. ESOP and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

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.)

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 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 ($B) Participants Bergstrom Electric, Inc. ESOP, Total assets ($B): 0.018019088 · Participants: 108Bergstrom Electric, Inc. ESOPBorder States Industries, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.176759361 · Participants: 2973Border States Industries, Inc. Employee Stock Ownership PlanScheels Employee Stock Ownership Plan, Total assets ($B): 0.837710398 · Participants: 4597Scheels Employee Stock Ownership PlanDakota Supply Group, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.229795263 · Participants: 767Dakota Supply Group, Inc. Employee Stock Ownership PlanUlteig, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.158672448 · Participants: 901Ulteig, Inc. Employee Stock Ownership PlanFrontier Precision, Inc Employee Stock Ownership Plan, Total assets ($B): 0.086685795 · Participants: 90Frontier Precision, Inc Employee Stock Ownership Plan
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 →

Bergstrom Electric, Inc. ESOP's out-of-state ESOP peers by assets and headcount

Outside North Dakota, the nearest ESOP by assets is Argus Consulting Employee Stock Ownership Plan in KS ($18M); by covered participants it is Keller, Schroeder & Associates, Inc. Employee Stock Ownership Plan in IN (108 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (108 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. 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).
Which ESOP plans cover a similar participant headcount to Bergstrom Electric, Inc. ESOP? ▼
Among ESOP plans in other states, the closest by covered participants is Keller, Schroeder & Associates, Inc. Employee Stock Ownership Plan in IN (108 participants, $39M 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.