ESOP · DOL Form 5500 · 2024
Northern Factory Sales, Inc. ESOP
Data updated 2026-07-24
- $84M
- Total assets
- 90
- Participants
- 89th
- Percentile by assets
- $936,737
- Avg per participant
Official DOL plan name: Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust · Sponsored by Northern Factory Sales, Inc. · Minnesota · Wholesale Trade
$84M in assets, 90 participants
Northern Factory Sales, Inc.'s Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust reported $84M in total assets and 90 participants in its 2024 DOL Form 5500 filing, ranking in the 89th 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.
- 89th percentile by assets (of 116,472 plans)
Where Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust sits by assets
Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust sits in the top quartile of all filed plans by assets, $84M for 90 participants (~$936,737/participant), up 0.4% in 2024.
- $84M
- total plan assets (2024 EOY)
- 90
- covered participants
- 89th
- percentile by assets (of 116,472 plans)
- $936,737
- avg assets per participant
The plan reported a net loss of $6M 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 2023 → plan year 2024
- Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust reported net income fell from $7M in the plan year 2023 filing to -$6M in the plan year 2024 filing.
- Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust reported participants rose from 89 in the plan year 2023 filing to 90 in the plan year 2024 filing.
- Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust end-of-year assets rose from $84M in the plan year 2023 filing to $84M in the plan year 2024 filing.
Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust vs the 2024 asset distribution
By assets, Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust outranks 89% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.8x the national average plan size of $100M (730 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $84M |
|---|---|
| Net Assets (End of Year) | $78M |
| Net Income | -$6M |
| Employer EIN | 411571247 |
| Plan Effective Date | 2014-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Northern Factory Sales, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 85 | $77M |
| 2023 | 1 | 89 | $84M |
| 2024 | 1 | 90 | $84M |
Nearby ESOP Plans in Minnesota
Peer ESOP plans, same state, same plan type, ranked by total assets.
Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Minnesota, assets vs. participants
- Andersen Corporation Employee Stock Ownership Plan $963M · 12,104
- Landscape Structures, Inc. Employee Stock Ownership Plan and Trust $594M · 490
- Kingdom Enterprises, Inc. Employee Stock Ownership Plan $594M · 782
- Ablenet, Inc. Employee Stock Ownership Plan $460M · 134
- Hormel Foods Corporation Joint Earnings Profit Sharing Trust $424M · 4,375
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust by total assets, not by location.
- Great Lakes Construction Co. Employee Stock Ownership Plan (OH) $84M · 138
- Garden Design, Inc. Employee Stock Ownership Plan (TX) $84M · 62
- Ipt Employee Stock Ownership Plan (CA) $85M · 86
- Commercial Plumbing Inc. ESOP (HI) $84M · 90
Frequently Asked Questions
How did Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust assets move in 2024? ▼
How have Northern Factory Sales, Inc. plan assets changed over time? ▼
Where does Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust rank by assets among Form 5500 filers? ▼
Which ESOP plans are similar in size to Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust? ▼
Next read for Northern Factory Sales, Inc. Employee St…
Scale reading
Ways to act on Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust's numbers.
- By total assets, Northern Factory Sales, Inc. Employee Stock Ownership Plan and Trust 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
- Northern Factory Sales, Inc.'s sponsor-wide assets have grown 10.0% since 2022 across 3 plan years on file. More Wholesale Trade plans
Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.
Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 411571247.
Read our methodology - how this data is sourced, computed, and verified.