ESOP · DOL Form 5500 · 2023

Network Center, Inc. ESOP

Data updated 2026-08-25

$9M
Total assets Small plan by assets
55
Participants Small participant base
57th
Percentile by assets National rank
$165,067
Avg per participant Above avg balance/head
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Official DOL plan name: Network Center, Inc. Employee Stock Ownership Plan · Sponsored by Network Center, Inc. · North Dakota · Professional & Technical Services

$9M in assets, 55 participants

Network Center, Inc.'s Network Center, Inc. Employee Stock Ownership Plan reported $9M in total assets and 55 participants in its 2023 DOL Form 5500 filing, ranking in the 57th 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.

  • #11,169 in Professional & Technical Services (20,321 peers)

Network Center, Inc. multi-year trail

Network Center, Inc.'s plans moved +65.4% in assets from 2022 to 2024; this filing shows Network Center, Inc. Employee Stock Ownership Plan at $9M / 55 participants.

#11,169
in Professional & Technical Services (20,321 peers)
+22.1%
assets growth YoY

Network Center, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Professional & Technical Services and all filers

Network Center, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$9,078,696 Top 43% higher than 57% 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

Network Center, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Network Center, Inc. Employee Stock Ownership Plan is a small filing (55 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Network Center, Inc. Employee Stock Ownership Plan reported net income rose from -$876K in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Network Center, Inc. Employee Stock Ownership Plan reported participants fell from 82 in the plan year 2022 filing to 55 in the plan year 2023 filing.
  • Network Center, Inc. Employee Stock Ownership Plan end-of-year assets rose from $7M in the plan year 2022 filing to $9M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 450408963 · Network Center, Inc. PY 2023 · ESOP

Network Center, Inc. Employee Stock Ownership Plan · $9M · 55 · 57th

  • EBSA $9M
  • PART 55
  • TYPE 57th
  • NET ESOP
  • BOOK near The Lighthouse, Inc. Employee Stock Ownership Plan
  • VS-ST ind #11169

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 North Dakota →

Network Center, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Midvale Telephone Exchange Employee Stock Ownership PlanMidvale Telephone Exchange E…$9MAutomatic Sprinkler of Texas, Inc. Employee Stock Ownership PlanAutomatic Sprinkler of Texas…$9MNetwork Center, Inc. Employee Stock Ownership PlanNetwork Center, Inc. Employe…$9MThe Lighthouse, Inc. Employee Stock Ownership PlanThe Lighthouse, Inc. Employe…$9MTri City Glass & Door, Inc. Employee Stock Ownership PlanTri City Glass & Door, Inc. …$9M
End-of-year total assets ($M) among Network Center, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Network Center, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Network Center, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$12M 65.35052937451546% vs 2022
2024 filing year
$6M$8M$10M$12M$14M 202220232024 $7.43M $12.3M ▲ +65.4%
Year Plans Participants Total Assets
2022 1 82 $7M
2023 1 55 $9M
2024 1 57 $12M

Network Center, Inc. filing trail (2023)

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$9M
Net Income$2M
Employer EIN450408963
Plan Effective Date2014-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in North Dakota

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

Network Center, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -1000010002000300040005000 -0.500.511.5 Total assets ($B) Participants Network Center, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.009078696 · Participants: 55Network Center, Inc. Employee Stock Ownership PlanBorder States Industries, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.176759361 · Participants: 2973Border States Industries, Inc. Employee Stock Ownership PlanScheels Employee Stock Ownership Plan, Total assets ($B): 0.837710398 · Participants: 4597Scheels Employee Stock Ownership PlanDakota Supply Group, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.229795263 · Participants: 767Dakota Supply Group, Inc. Employee Stock Ownership PlanUlteig, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.158672448 · Participants: 901Ulteig, Inc. Employee Stock Ownership PlanFrontier Precision, Inc Employee Stock Ownership Plan, Total assets ($B): 0.086685795 · Participants: 90Frontier Precision, Inc Employee Stock Ownership Plan
Network Center, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Dakota, assets vs. participants
Compare Network Center, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside North Dakota, the nearest ESOP by assets is The Lighthouse, Inc. Employee Stock Ownership Plan in MI ($9M); by covered participants it is Portside Builders, Inc. Employee Stock Ownership Plan in WI (55 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (55 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 Network Center, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Network Center, Inc. Employee Stock Ownership Plan grew sharply - up 22.1% during 2023, from $7M to $9M. Reported net income was $2M.
How have Network Center, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Network Center, Inc.'s sponsor-wide assets grew 65.4%, from $7M to $12M.
Which ESOP plans are similar in size to Network Center, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is The Lighthouse, Inc. Employee Stock Ownership Plan in MI ($9M, 296 participants).
Which ESOP plans cover a similar participant headcount to Network Center, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Portside Builders, Inc. Employee Stock Ownership Plan in WI (55 participants, $15M 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 450408963.

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.