ESOP · DOL Form 5500 · 2023
Besser Company ESOP
Data updated 2026-08-11
- $66M
- Total assets
- 384
- Participants
- 88th
- Percentile by assets
- $171,838
- Avg per participant
Official DOL plan name: Besser Company Employee Stock Ownership Plan · Sponsored by Besser Company · Michigan · Manufacturing
$66M in assets, 384 participants
Besser Company's Besser Company Employee Stock Ownership Plan reported $66M in total assets and 384 participants in its 2023 DOL Form 5500 filing, ranking in the 88th 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.
- 88th percentile by assets (of 127,072 plans)
- #15,448 in Manufacturing (18,722 peers)
Where Besser Company Employee Stock Ownership Plan sits by assets
Besser Company Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $66M for 384 participants (~$171,838/participant), up 29.8% in 2023.
- $66M
- total plan assets (2023 EOY)
- 384
- covered participants
- 88th
- percentile by assets (of 127,072 plans)
- $171,838
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Besser Company Employee Stock Ownership Plan reported net income rose from $9M in the plan year 2022 filing to $17M in the plan year 2023 filing.
- Besser Company Employee Stock Ownership Plan end-of-year assets rose from $51M in the plan year 2022 filing to $66M in the plan year 2023 filing.
- Besser Company Employee Stock Ownership Plan reported participants rose from 346 in the plan year 2022 filing to 384 in the plan year 2023 filing.
Besser Company Employee Stock Ownership Plan vs the 2023 asset distribution
By assets, Besser Company Employee Stock Ownership Plan outranks 88% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.7x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $51M |
|---|---|
| Net Assets (End of Year) | $57M |
| Net Income | $17M |
| Employer EIN | 380346640 |
| Plan Effective Date | 2004-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Besser Company)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 688 | $113M |
| 2023 | 3 | 752 | $111M |
| 2024 | 2 | 779 | $118M |
Nearby ESOP Plans in Michigan
Peer ESOP plans, same state, same plan type, ranked by total assets.
Besser Company Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
- Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan $1.3B · 1,635
- The Kendall Group Employee Stock Ownership Plan $808M · 1,907
- Project Worldwide, Inc. Employee Stock Ownership Plan $436M · 1,173
- Motor City Electric Co. Employee Stock Ownership Plan $258M · 207
- Lee Contracting, Inc. Employee Stock Ownership Plan $238M · 500
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Besser Company Employee Stock Ownership Plan by total assets, not by location.
Frequently Asked Questions
How did Besser Company Employee Stock Ownership Plan assets move in 2023? ▼
How have Besser Company plan assets changed over time? ▼
Where does Besser Company Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
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Next read for Besser Company Employee Stock Ownership …
Scale reading
Ways to act on Besser Company Employee Stock Ownership Plan's numbers.
- By total assets, Besser Company Employee Stock Ownership Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Michigan. Compare plans
- Besser Company's sponsor-wide assets have grown 4.0% since 2022 across 3 plan years on file. More Manufacturing plans