ESOP · DOL Form 5500 · 2023

Merlin Development, Inc. ESOP

Data updated 2026-08-25

$308K
Total assets Small plan by assets
9
Participants Small participant base
14th
Percentile by assets National rank
$34,205
Avg per participant Low balance/head
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Official DOL plan name: Merlin Development, Inc. Employee Stock Ownership Plan · Sponsored by Merlin Development, Inc. · Minnesota · Professional & Technical Services

$308K in assets, 9 participants

Merlin Development, Inc.'s Merlin Development, Inc. Employee Stock Ownership Plan reported $308K in total assets and 9 participants in its 2023 DOL Form 5500 filing, ranking in the 14th 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.

  • #2,166 in Professional & Technical Services (20,321 peers)

Merlin Development, Inc. multi-year trail

Merlin Development, Inc.'s plans moved -64.4% in assets from 2022 to 2024; this filing shows Merlin Development, Inc. Employee Stock Ownership Plan at $308K / 9 participants.

#2,166
in Professional & Technical Services (20,321 peers)
-49.8%
assets change YoY

The plan reported a net loss of $285K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Merlin Development, Inc. Employee Stock Ownership Plan among the smaller filed plans by assets

Merlin Development, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$307,847 14th percentile higher than 14% 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

Merlin Development, Inc. Employee Stock Ownership Plan among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Merlin Development, Inc. Employee Stock Ownership Plan is a micro filing (9 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Merlin Development, Inc. Employee Stock Ownership Plan reported net income fell from $162K in the plan year 2022 filing to -$285K in the plan year 2023 filing.
  • Merlin Development, Inc. Employee Stock Ownership Plan end-of-year assets fell from $613K in the plan year 2022 filing to $308K in the plan year 2023 filing.
  • Merlin Development, Inc. Employee Stock Ownership Plan reported participants fell from 10 in the plan year 2022 filing to 9 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 411640918 · Merlin Development, Inc. PY 2023 · ESOP

Merlin Development, Inc. Employee Stock Ownership Plan · $308K · 9 · 14th

  • BOY $308K
  • BOY 9
  • BOY 14th
  • BOY ESOP
  • BOY near H-S Precision, Inc. Employee Stock Ownership Plan
  • BOY ind #2166

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 →

Merlin Development, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Merlin Development, Inc. Employee Stock Ownership PlanMerlin Development, Inc. Emp…$308KH-S Precision, Inc. Employee Stock Ownership PlanH-S Precision, Inc. Employee…$307KDatapro Solutions, Inc. Employee Stock Ownership PlanDatapro Solutions, Inc. Empl…$309KEsi Inc. of Tennessee Employee Stock Ownership PlanEsi Inc. of Tennessee Employ…$309KLollar Guitars, Inc. Employee Stock Ownership PlanLollar Guitars, Inc. Employe…$306K
End-of-year total assets ($M) among Merlin Development, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Merlin Development, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Merlin Development, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$218K 64.40956000932717% vs 2022
2024 filing year
$0M$0.2M$0.4M$0.6M$0.8M 202220232024 $0.61M $0.22M ▼ -63.9%
Year Plans Participants Total Assets
2022 1 10 $613K
2023 1 9 $308K
2024 1 9 $218K

Merlin Development, Inc. filing trail (2023)

Total Assets (Beginning of Year)$613K
Net Assets (End of Year)$291K
Net Income-$285K
Employer EIN411640918
Plan Effective Date2008-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Minnesota

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

Merlin Development, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -20002004006008001000 Total assets ($M) Participants Merlin Development, Inc. Employee Stock Ownership Plan, Total assets ($M): 0.307847 · Participants: 9Merlin Development, Inc. 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
Merlin Development, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Merlin Development, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Merlin Development, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is H-S Precision, Inc. Employee Stock Ownership Plan in SD ($307K); by covered participants it is William F. Nelson Electric, Inc. Employee Stock Ownership Plan in MI (9 participants). Same-state nearby plans are listed separately above.

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 Merlin Development, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Merlin Development, Inc. Employee Stock Ownership Plan contracted severely - down 49.8% during 2023, from $613K to $308K. Reported net income was -$285K.
How have Merlin Development, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Merlin Development, Inc.'s sponsor-wide assets declined 64.4%, from $613K to $218K.
Where does Merlin Development, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Merlin Development, Inc. Employee Stock Ownership Plan ranks in the 14th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which ESOP plans are similar in size to Merlin Development, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is H-S Precision, Inc. Employee Stock Ownership Plan in SD ($307K, 47 participants).
Which ESOP plans cover a similar participant headcount to Merlin Development, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is William F. Nelson Electric, Inc. Employee Stock Ownership Plan in MI (9 participants, N/A 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 411640918.

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.