ESOP · DOL Form 5500 · 2023

Mid America Steel, Inc. ESOP

Data updated 2026-08-25

$50M
Total assets Below avg plan size
32
Participants Small participant base
85th
Percentile by assets National rank
$1.6M
Avg per participant High balance/head
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Official DOL plan name: Mid America Steel, Inc. Employee Stock Ownership Plan · Sponsored by Mid America Steel, Inc. · North Dakota · Manufacturing

$50M in assets, 32 participants

Mid America Steel, Inc.'s Mid America Steel, Inc. Employee Stock Ownership Plan reported $50M in total assets and 32 participants in its 2023 DOL Form 5500 filing, ranking in the 85th 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.

  • #14,790 in Manufacturing (18,722 peers)

Where Mid America Steel, Inc. Employee Stock Ownership Plan sits by assets

Mid America Steel, Inc. Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $50M for 32 participants (~$1.6M/participant), up 23.9% in 2023.

#14,790
in Manufacturing (18,722 peers)
+23.9%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Mid America Steel, Inc. Employee Stock Ownership Plan's outsized position by total assets

Mid America Steel, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$49,849,722 Top 15% higher than 85% 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

Mid America Steel, Inc. 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. Mid America Steel, Inc. Employee Stock Ownership Plan is a small filing (32 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Mid America Steel, Inc. Employee Stock Ownership Plan reported net income rose from -$2M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Mid America Steel, Inc. Employee Stock Ownership Plan end-of-year assets rose from $40M in the plan year 2022 filing to $50M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 450129570 · Mid America Steel, Inc. PY 2023 · ESOP

Mid America Steel, Inc. Employee Stock Ownership Plan · $50M · 32 · 85th

  • ASSETS $50M
  • PCT 32
  • EIN 85th
  • RANK ESOP
  • PHOTO near Timberworks Employee Stock Ownership Plan
  • IND ind #14790

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 →

Mid America Steel, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Mid America Steel, Inc. Employee Stock Ownership PlanMid America Steel, Inc. Empl…$50MTimberworks Employee Stock Ownership PlanTimberworks Employee Stock O…$50MWhatever It Takes Transmission & Parts, Inc ESOPWhatever It Takes Transmissi…$50MGoettle Employee Stock Ownership PlanGoettle Employee Stock Owner…$50MBozzuto's Inc. Employees Profit Sharing and Stock Ownership PlanBozzuto's Inc. Employees Pro…$50M
End-of-year total assets ($M) among Mid America Steel, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$40M
Net Assets (End of Year)$29M
Net Income$8M
Employer EIN450129570
Plan Effective Date1990-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mid America Steel, Inc.)

Sponsor-wide plan assets over time

All Mid America Steel, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$57M 40.56772366270811% vs 2022
2024 filing year
$35M$40M$45M$50M$55M$60M 202220232024 $40.3M $56.6M ▲ +40.6%
Year Plans Participants Total Assets
2022 1 32 $40M
2023 1 32 $50M
2024 1 31 $57M

Nearby ESOP Plans in North Dakota

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

Mid America Steel, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -20000200040006000 -0.500.511.5 Total assets ($B) Participants Mid America Steel, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.049849722 · Participants: 32Mid America Steel, Inc. Employee Stock Ownership PlanBorder 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
Mid America Steel, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Dakota, assets vs. participants
Compare Mid America Steel, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Mid America Steel, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside North Dakota, the nearest ESOP by assets is Timberworks Employee Stock Ownership Plan in CA ($50M); by covered participants it is Home Science Tools Employee Stock Ownership Plan in MT (32 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (32 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 Mid America Steel, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Mid America Steel, Inc. Employee Stock Ownership Plan grew sharply - up 23.9% during 2023, from $40M to $50M. Reported net income was $8M.
How have Mid America Steel, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mid America Steel, Inc.'s sponsor-wide assets grew 40.6%, from $40M to $57M.
Where does Mid America Steel, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Mid America Steel, Inc. Employee Stock Ownership Plan ranks in the 85th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Mid America Steel, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Timberworks Employee Stock Ownership Plan in CA ($50M, 664 participants).
Which ESOP plans cover a similar participant headcount to Mid America Steel, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Home Science Tools Employee Stock Ownership Plan in MT (32 participants, $100K 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 450129570.

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.