ESOP · DOL Form 5500 · 2024

Minnesota Elevator, Inc ESOP

Data updated 2026-08-25

$74M
Total assets Below avg plan size
162
Participants Small participant base
88th
Percentile by assets National rank
$457,093
Avg per participant High balance/head
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Official DOL plan name: Minnesota Elevator, Inc. Employee Stock Ownership Plan · Sponsored by Minnesota Elevator, Inc · Minnesota · Other Services

$74M in assets, 162 participants

Minnesota Elevator, Inc's Minnesota Elevator, Inc. Employee Stock Ownership Plan reported $74M in total assets and 162 participants in its 2024 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.

  • #7,352 in Other Services (7,719 peers)

Coverage in Minnesota

Minnesota Elevator, Inc. Employee Stock Ownership Plan covers 162 participants in Minnesota, about 14% of the average Minnesota filer (state average ~1,126 per filing). Assets: $74M.

#7,352
in Other Services (7,719 peers)
+43.2%
assets growth YoY
0.7×
vs typical plan assets (national mean)

Minnesota Elevator, Inc. Employee Stock Ownership Plan's outsized position by total assets

Minnesota Elevator, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$74,049,018 Top 12% higher than 88% of 123,620 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 2024

Minnesota Elevator, Inc. Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Minnesota Elevator, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (162 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Minnesota Elevator, Inc. Employee Stock Ownership Plan end-of-year assets rose from $52M in the plan year 2023 filing to $74M in the plan year 2024 filing.
  • Minnesota Elevator, Inc. Employee Stock Ownership Plan reported net income rose from $18M in the plan year 2023 filing to $25M in the plan year 2024 filing.
  • Minnesota Elevator, Inc. Employee Stock Ownership Plan reported participants rose from 156 in the plan year 2023 filing to 162 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 410972538 · Minnesota Elevator, Inc PY 2024 · ESOP

Minnesota Elevator, Inc. Employee Stock Ownership Plan · $74M · 162 · 88th

  • BOY $74M
  • BOY 162
  • BOY 88th
  • BOY ESOP
  • BOY near The Brewer Company Employee Stock Ownership Plan
  • BOY ind #7352

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 →

Minnesota Elevator, Inc. Employee Stock Ownership Plan in the asset neighbourhood

The Brewer Company Employee Stock Ownership PlanThe Brewer Company Employee …$74MMinnesota Elevator, Inc. Employee Stock Ownership PlanMinnesota Elevator, Inc. Emp…$74MCisco-Eagle, Inc. Employees' Stock Ownership PlanCisco-Eagle, Inc. Employees'…$74MKenny Seng Construction Employee Stock Ownership PlanKenny Seng Construction Empl…$74MTcw Holdings, Inc. Employee Stock Ownership PlanTcw Holdings, Inc. Employee …$74M
End-of-year total assets ($M) among Minnesota Elevator, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$52M
Net Assets (End of Year)$69M
Net Income$25M
Employer EIN410972538
Plan Effective Date2002-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Minnesota Elevator, Inc)

Sponsor-wide plan assets over time

All Minnesota Elevator, Inc plans reported in each filing year

Latest sponsor-wide plan assets
$107M 92.98314047525355% vs 2022
2024 filing year
$40M$60M$80M$100M$120M 202220232024 $55.5M $107M ▲ +93.0%
Year Plans Participants Total Assets
2022 2 451 $56M
2023 2 454 $83M
2024 2 462 $107M

Nearby ESOP Plans in Minnesota

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

Minnesota Elevator, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 020040060080010001200 Total assets ($M) Participants Minnesota Elevator, Inc. Employee Stock Ownership Plan, Total assets ($M): 74.049018 · Participants: 162Minnesota Elevator, Inc. Employee Stock Ownership PlanAndersen Corporation Employee Stock Ownership Plan, Total assets ($M): 962.686911 · Participants: 12104Andersen Corporation Employee Stock Ownership PlanLandscape Structures, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 593.784492 · Participants: 490Landscape Structures, Inc. Employee Stock Ownership Plan and TrustKingdom Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 593.525018 · Participants: 782Kingdom Enterprises, Inc. Employee Stock Ownership PlanForce America Inc. Employee Stock Ownership Plan, Total assets ($M): 472.716981 · Participants: 615Force America Inc. Employee Stock Ownership PlanAblenet, Inc. Employee Stock Ownership Plan, Total assets ($M): 459.837439 · Participants: 134Ablenet, Inc. Employee Stock Ownership Plan
Minnesota Elevator, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Minnesota Elevator, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Minnesota, the nearest ESOP by assets is The Brewer Company Employee Stock Ownership Plan in OH ($74M); by covered participants it is Ground Engineering Consultants, Inc. Employee Stock Ownership Plan in CO (162 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (162 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Minnesota Elevator, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Minnesota Elevator, Inc. Employee Stock Ownership Plan surged - up 43.2% during 2024, from $52M to $74M. Reported net income was $25M.
How have Minnesota Elevator, Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Minnesota Elevator, Inc's sponsor-wide assets grew 93.0%, from $56M to $107M.
Where does Minnesota Elevator, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Minnesota Elevator, Inc. Employee Stock Ownership Plan ranks in the 88th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Minnesota Elevator, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is The Brewer Company Employee Stock Ownership Plan in OH ($74M, 39 participants).
Which ESOP plans cover a similar participant headcount to Minnesota Elevator, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Ground Engineering Consultants, Inc. Employee Stock Ownership Plan in CO (162 participants, $7M in assets).

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 410972538.

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.