ESOP · DOL Form 5500 · 2024

Minnesota Elevator, Inc ESOP

Data updated 2026-07-24

$74M
Total assets: 162
Participants: 88th
Percentile by assets: $457,093
Avg per participant

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.

88th percentile by assets (of 116,472 plans)

Coverage in Minnesota

Minnesota Elevator, Inc. Employee Stock Ownership Plan covers 162 participants in Minnesota, about 14% of the average Minnesota filer (state average ~1,161 per filing). Assets: $74M.

$74M
total plan assets (2024 EOY): 162
covered participants: 88th
percentile by assets (of 116,472 plans): $457,093
avg assets per participant

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 →

State

Minnesota

Industry

Other Services

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,161 participants across 2,725 plans. Minnesota Elevator, Inc. Employee Stock Ownership Plan reports 162 participants - about 14% of that state average ($74M EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)	$52M
Net Assets (End of Year)	$69M
Net Income	$25M
Employer EIN	410972538
Plan Effective Date	2002-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Minnesota Elevator, Inc)

Total plan assets by year, all Minnesota Elevator, Inc plans on file

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

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

Compare Minnesota Elevator, Inc. Employee Stock … side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Minnesota Elevator, Inc. Employee Stock Ownership Plan by total assets, not by location.

The Brewer Company Employee Stock Ownership Plan (OH) $74M · 39
Cisco-Eagle, Inc. Employees' Stock Ownership Plan (TX) $74M · 120
Tcw Holdings, Inc. Employee Stock Ownership Plan (TN) $74M · 502
Filmrise, Inc. Employee Stock Ownership Plan (NY) $74M · 93

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 116,472 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).

Next read for Minnesota Elevator, Inc. Employee Stock …

Filing takeaways

Ways to act on Minnesota Elevator, Inc. Employee Stock Ownership Plan's numbers.

By total assets, Minnesota Elevator, 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
Minnesota Elevator, Inc's sponsor-wide assets have grown 93.0% since 2022 across 3 plan years on file. More Other Services 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 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.