ESOP · DOL Form 5500 · 2023
North States Industries, Inc. ESOP
Data updated 2026-08-11
- $24M
- Total assets
- 114
- Participants
- 76th
- Percentile by assets
- $207,730
- Avg per participant
Official DOL plan name: North States Industries, Inc. Employee Stock Ownership Plan · Sponsored by North States Industries, Inc. · Minnesota · Manufacturing
$24M in assets, 114 participants
North States Industries, Inc.'s North States Industries, Inc. Employee Stock Ownership Plan reported $24M in total assets and 114 participants in its 2023 DOL Form 5500 filing, ranking in the 76th 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.
- 76th percentile by assets (of 127,072 plans)
- #12,403 in Manufacturing (18,722 peers)
Coverage in Minnesota
North States Industries, Inc. Employee Stock Ownership Plan covers 114 participants in Minnesota, about 10% of the average Minnesota filer (state average ~1,126 per filing). Assets: $24M.
- $24M
- total plan assets (2023 EOY)
- 114
- covered participants
- 76th
- percentile by assets (of 127,072 plans)
- $207,730
- avg assets per participant
The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- North States Industries, Inc. Employee Stock Ownership Plan end-of-year assets fell from $28M in the plan year 2022 filing to $24M in the plan year 2023 filing.
- North States Industries, Inc. Employee Stock Ownership Plan reported participants fell from 132 in the plan year 2022 filing to 114 in the plan year 2023 filing.
- North States Industries, Inc. Employee Stock Ownership Plan reported net income fell from -$4M in the plan year 2022 filing to -$4M in the plan year 2023 filing.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. North States Industries, Inc. Employee Stock Ownership Plan reports 114 participants - about 10% of that state average ($24M EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $28M |
|---|---|
| Net Assets (End of Year) | $20M |
| Net Income | -$4M |
| Employer EIN | 410739037 |
| Plan Effective Date | 1993-05-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (North States Industries, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 269 | $31M |
| 2023 | 1 | 114 | $24M |
| 2024 | 1 | 100 | $20M |
Nearby ESOP Plans in Minnesota
Peer ESOP plans, same state, same plan type, ranked by total assets.
North States Industries, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
- 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
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to North States Industries, Inc. Employee Stock Ownership Plan by total assets, not by location.
- Pebcor Holdings Corporation Employee Stock Ownership Plan (CO) $24M · 67
- Zimmerman Associates, Inc. Employee Stock Ownership Plan (VA) $24M · 506
- Device Engineering Incorporated Employee Stock Ownership Plan (AZ) $24M · 29
- A. J. Kirkwood & Associates, Inc. Employee Stock Ownership Plan (CA) $24M · 321
Frequently Asked Questions
How did North States Industries, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
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Filing takeaways
Ways to act on North States Industries, Inc. Employee Stock Ownership Plan's numbers.
- By total assets, North States Industries, Inc. 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 Minnesota. Compare plans
- North States Industries, Inc.'s sponsor-wide assets have declined 33.2% since 2022 across 3 plan years on file. More Manufacturing plans