ESOP · DOL Form 5500 · 2023
Heritage Bancshares Group, Inc. ESOP
Data updated 2026-08-25
- $12M
- Total assets Small plan by assets
- 90
- Participants Small participant base
- 62nd
- Percentile by assets National rank
- $128,671
- Avg per participant Near avg balance/head
Official DOL plan name: Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust · Sponsored by Heritage Bancshares Group, Inc. · Minnesota · Management of Enterprises
$12M in assets, 90 participants
Heritage Bancshares Group, Inc.'s Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust reported $12M in total assets and 90 participants in its 2023 DOL Form 5500 filing, ranking in the 62nd 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.
- #462 in Management of Enterprises (1,137 peers)
Management of Enterprises sector rank
Within Management of Enterprises, Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust ranks #462 of 1,137 2023 filers by assets (3070% of the sector average)-$12M for 90 participants.
- #462
- in Management of Enterprises (1,137 peers)
- -4.4%
- assets change YoY
The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust's mid-pack asset rank among Management of Enterprises and all filers
Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$11,580,373 Top 38% higher than 62% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust among smaller filed plans by headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust is a small filing (90 participants) on this national headcount ladder.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust reported net income fell from $791K in the plan year 2022 filing to -$2M in the plan year 2023 filing.
- Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust reported participants fell from 101 in the plan year 2022 filing to 90 in the plan year 2023 filing.
- Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust end-of-year assets fell from $12M in the plan year 2022 filing to $12M in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 411768838 · Heritage Bancshares Group, Inc. PY 2023 · ESOP
Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust · $12M · 90 · 62nd
- 5500 $12M
- ASSETS 90
- PCT 62nd
- EIN ESOP
- RANK near Ramey Kemp & Associates, Inc. Employee Stock Ownership Plan
- PHOTO ind #462
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 →
Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust in the asset neighbourhood
Management of Enterprises filing particulars
| Total Assets (Beginning of Year) | $12M |
|---|---|
| Net Assets (End of Year) | $11M |
| Net Income | -$2M |
| Employer EIN | 411768838 |
| Plan Effective Date | 2014-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Heritage Bancshares Group, Inc.)
Sponsor-wide plan assets over time
All Heritage Bancshares Group, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $21M 15.03435976843991% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 250 | $24M |
| 2023 | 2 | 197 | $25M |
| 2024 | 2 | 178 | $21M |
Nearby ESOP Plans in Minnesota
Peer ESOP plans, same state, same plan type, ranked by total assets.
- Andersen Corporation Employee Stock Ownership Plan $899M · 11,644
- Kingdom Enterprises, Inc. Employee Stock Ownership Plan $498M · 789
- Landscape Structures, Inc. Employee Stock Ownership Plan and Trust $432M · 446
- Hormel Foods Corporation Joint Earnings Profit Sharing Trust $432M · 4,575
- Force America Inc. Employee Stock Ownership Plan $427M · 412
Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust's out-of-state ESOP peers by assets and headcount
Outside Minnesota, the nearest ESOP by assets is Ramey Kemp & Associates, Inc. Employee Stock Ownership Plan in NC ($12M); by covered participants it is Carlson, Brigance and Doering, Inc. Employee Stock Ownership Plan in TX (90 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($12M here).
Similar participant headcount
Nearest other-state filings by covered participants (90 participants); asset peers above are excluded.
- Carlson, Brigance and Doering, Inc. Employee Stock Ownership Plan (TX) 90 · 0 off
- Peoples Financial Corporation Employee Stock Ownership Plan (MS) 90 · 0 off
- Ennis Electric Company, Inc. Employee Stock Ownership Plan and Trust (VA) 90 · 0 off
- Fei, Inc. 2013 Second Restated Employee Stock Ownership Plan and Trust (ND) 90 · 0 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.