ESOP · DOL Form 5500 · 2023
North States Industries, Inc. ESOP
Data updated 2026-08-25
- $24M
- Total assets Small plan by assets
- 114
- Participants Small participant base
- 76th
- Percentile by assets National rank
- $207,730
- Avg per participant Above avg balance/head
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.
- #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.
- #12,403
- in Manufacturing (18,722 peers)
- -16.0%
- assets change YoY
- 0.2×
- vs typical plan assets (national mean)
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.
North States Industries, Inc. Employee Stock Ownership Plan's outsized position by total assets
North States Industries, Inc. Employee Stock Ownership Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$23,681,198 Top 24% higher than 76% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
North States Industries, Inc. 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. North States Industries, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (114 participants).
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.
EBSA filing schedule strip
Filing strip 410739037 · North States Industries, Inc. PY 2023 · ESOP
North States Industries, Inc. Employee Stock Ownership Plan · $24M · 114 · 76th
- BOOK $24M
- BOOK 114
- BOOK 76th
- BOOK ESOP
- BOOK near Pebcor Holdings Corporation Employee Stock Ownership Plan
- BOOK ind #12403
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 →
North States Industries, Inc. Employee Stock Ownership Plan in the asset neighbourhood
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.)
Sponsor-wide plan assets over time
All North States Industries, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $20M 33.203316294696926% vs 2022
- 2024 filing year
| 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.
- 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
North States Industries, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount
Outside Minnesota, the nearest ESOP by assets is Pebcor Holdings Corporation Employee Stock Ownership Plan in CO ($24M); by covered participants it is The Model Group Employee Stock Ownership Plan in OH (114 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($24M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (114 participants); asset peers above are excluded.
- The Model Group Employee Stock Ownership Plan (OH) 114 · 0 off
- Galois, Inc. Employee Stock Ownership Plan (OR) 114 · 0 off
- Ohnward Bancshares, Inc. Employee Stock Ownership Plan and Trust (IA) 114 · 0 off
- Financial Business Systems, Inc. 2013 Amended and Restated Employee Stock Ownership Plan (ND) 114 · 0 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.