ESOP · DOL Form 5500 · 2023

Minnwest Corporation ESOP

Data updated 2026-08-25

$4M
Total assets Small plan by assets
346
Participants Below avg headcount
40th
Percentile by assets National rank
$11,265
Avg per participant Low balance/head
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Official DOL plan name: Minnwest Corporation Employee Stock Ownership Plan · Sponsored by Minnwest Corporation · Minnesota · Finance & Insurance

$4M in assets, 346 participants

Minnwest Corporation's Minnwest Corporation Employee Stock Ownership Plan reported $4M in total assets and 346 participants in its 2023 DOL Form 5500 filing, ranking in the 40th 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.

  • #2,484 in Finance & Insurance (8,869 peers)

Coverage in Minnesota

Minnwest Corporation Employee Stock Ownership Plan covers 346 participants in Minnesota, about 31% of the average Minnesota filer (state average ~1,126 per filing). Assets: $4M.

#2,484
in Finance & Insurance (8,869 peers)
-9.7%
assets change YoY

The plan reported a net loss of $48K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Minnwest Corporation Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Minnwest Corporation Employee Stock Ownership Plan vs every filed plan by assets

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

$3,897,604 40th percentile higher than 40% 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

Minnwest Corporation Employee Stock Ownership Plan 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. Minnwest Corporation Employee Stock Ownership Plan sits mid-pack in the medium band (346 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Minnwest Corporation Employee Stock Ownership Plan reported net income fell from $511K in the plan year 2022 filing to -$48K in the plan year 2023 filing.
  • Minnwest Corporation Employee Stock Ownership Plan end-of-year assets fell from $4M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Minnwest Corporation Employee Stock Ownership Plan reported participants fell from 360 in the plan year 2022 filing to 346 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 411549950 · Minnwest Corporation PY 2023 · ESOP

Minnwest Corporation Employee Stock Ownership Plan · $4M · 346 · 40th

  • TYPE $4M
  • TYPE 346
  • TYPE 40th
  • TYPE ESOP
  • TYPE near Green International Affiliates, Inc. Employee Stock Ownership Plan
  • TYPE ind #2484

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 →

Minnwest Corporation Employee Stock Ownership Plan in the asset neighbourhood

Minnwest Corporation Employee Stock Ownership PlanMinnwest Corporation Employe…$4MGreen International Affiliates, Inc. Employee Stock Ownership PlanGreen International Affiliat…$4MKcd, Inc. Employee Stock Ownership PlanKcd, Inc. Employee Stock Own…$4MPinnacle Designs Employee Stock Ownership PlanPinnacle Designs Employee St…$4MSturdevant Refrigeration & Air Conditioning, Inc. Employee Stock Ownership PlanSturdevant Refrigeration & A…$4M
End-of-year total assets ($M) among Minnwest Corporation Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$464K
Net Income-$48K
Employer EIN411549950
Plan Effective Date2021-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Minnwest Corporation)

Sponsor-wide plan assets over time

All Minnwest Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$77M 25.960195922340528% vs 2022
2024 filing year
$55M$60M$65M$70M$75M$80M 202220232024 $61.3M $77.3M ▲ +26.0%
Year Plans Participants Total Assets
2022 2 806 $61M
2023 2 765 $70M
2024 2 746 $77M

Nearby ESOP Plans in Minnesota

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

Minnwest Corporation Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -20002004006008001000 Total assets ($M) Participants Minnwest Corporation Employee Stock Ownership Plan, Total assets ($M): 3.897604 · Participants: 346Minnwest Corporation 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
Minnwest Corporation Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Minnwest Corporation Employee Stock Ownership Plan side-by-side with 3 peers →

Minnwest Corporation Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is Green International Affiliates, Inc. Employee Stock Ownership Plan in MA ($4M); by covered participants it is Burke, Inc. Employee Stock Ownership Plan in OH (346 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (346 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 Minnwest Corporation Employee Stock Ownership Plan assets move in 2023? ▼
Minnwest Corporation Employee Stock Ownership Plan pulled back noticeably - down 9.7% during 2023, from $4M to $4M. Reported net income was -$48K.
How have Minnwest Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Minnwest Corporation's sponsor-wide assets grew 26.0%, from $61M to $77M.
Which ESOP plans are similar in size to Minnwest Corporation Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Green International Affiliates, Inc. Employee Stock Ownership Plan in MA ($4M, 88 participants).
Which ESOP plans cover a similar participant headcount to Minnwest Corporation Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Burke, Inc. Employee Stock Ownership Plan in OH (346 participants, $128M 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 411549950.

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.