ESOP · DOL Form 5500 · 2023

Besser Company ESOP

Data updated 2026-08-25

$66M
Total assets Below avg plan size
384
Participants Below avg headcount
88th
Percentile by assets National rank
$171,838
Avg per participant Above avg balance/head
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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.

  • #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.

#15,448
in Manufacturing (18,722 peers)
+29.8%
assets growth YoY
0.7×
vs typical plan assets (national mean)

Besser Company Employee Stock Ownership Plan's outsized position by total assets

Besser Company Employee Stock Ownership Plan vs every filed plan by assets

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

$65,985,679 Top 12% higher than 88% 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

Besser Company 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. Besser Company Employee Stock Ownership Plan sits mid-pack in the medium band (384 participants).

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.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 380346640 · Besser Company PY 2023 · ESOP

Besser Company Employee Stock Ownership Plan · $66M · 384 · 88th

  • BOY $66M
  • BOY 384
  • BOY 88th
  • BOY ESOP
  • BOY near Colorado Structures, Inc. Employee Stock Ownership Plan
  • BOY ind #15448

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 Michigan →

Besser Company Employee Stock Ownership Plan in the asset neighbourhood

Besser Company Employee Stock Ownership PlanBesser Company Employee Stoc…$66MColorado Structures, Inc. Employee Stock Ownership PlanColorado Structures, Inc. Em…$66MThe Chase Construction Group Employee Stock Ownership PlanThe Chase Construction Group…$66MWaste Gas Fabricating Co., Inc. Employee Stock Ownership PlanWaste Gas Fabricating Co., I…$66MComponent Plastics, Inc. Employee Stock Ownership PlanComponent Plastics, Inc. Emp…$66M
End-of-year total assets ($M) among Besser Company 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)$51M
Net Assets (End of Year)$57M
Net Income$17M
Employer EIN380346640
Plan Effective Date2004-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Besser Company)

Sponsor-wide plan assets over time

All Besser Company plans reported in each filing year

Latest sponsor-wide plan assets
$118M 3.951959086407647% vs 2022
2024 filing year
$110M$115M$120M 202220232024 $113M $118M ▲ +3.9%
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 Scatter plot of 6 data points. 0500100015002000 00.511.5 Total assets ($B) Participants Besser Company Employee Stock Ownership Plan, Total assets ($B): 0.065985679 · Participants: 384Besser Company Employee Stock Ownership PlanMcnaughton-Mckay Electric Company Employee Stock Ownership Plan, Total assets ($B): 1.30777109 · Participants: 1635Mcnaughton-Mckay Electric Company Employee Stock Ownership PlanThe Kendall Group Employee Stock Ownership Plan, Total assets ($B): 0.808091077 · Participants: 1907The Kendall Group Employee Stock Ownership PlanProject Worldwide, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.436210284 · Participants: 1173Project Worldwide, Inc. Employee Stock Ownership PlanMotor City Electric Co. Employee Stock Ownership Plan, Total assets ($B): 0.258079249 · Participants: 207Motor City Electric Co. Employee Stock Ownership PlanLee Contracting, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.237688318 · Participants: 500Lee Contracting, Inc. Employee Stock Ownership Plan
Besser Company Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Besser Company Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Michigan, the nearest ESOP by assets is Colorado Structures, Inc. Employee Stock Ownership Plan in CO ($66M); by covered participants it is Onin Holdings, Inc. Employee Stock Ownership Plan in (384 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (384 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 Besser Company Employee Stock Ownership Plan assets move in 2023? ▼
Besser Company Employee Stock Ownership Plan grew sharply - up 29.8% during 2023, from $51M to $66M. Reported net income was $17M.
How have Besser Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Besser Company's sponsor-wide assets grew 4.0%, from $113M to $118M.
Where does Besser Company Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Besser Company Employee Stock Ownership Plan ranks in the 88th 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 Besser Company Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Colorado Structures, Inc. Employee Stock Ownership Plan in CO ($66M, 2 participants).
Which ESOP plans cover a similar participant headcount to Besser Company Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Onin Holdings, Inc. Employee Stock Ownership Plan in (384 participants, $44M 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 380346640.

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.