401(k) · DOL Form 5500 · 2024

Giertsen Company 401(k) Plan

Data updated 2026-08-25

$9M
Total assets Small plan by assets
73
Participants Small participant base
53rd
Percentile by assets National rank
$118,360
Avg per participant Near avg balance/head
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Official DOL plan name: Giertsen Companies Employee Savings Plan · Sponsored by Giertsen Company · Minnesota · Construction

$9M in assets, 73 participants

Giertsen Company's Giertsen Companies Employee Savings Plan reported $9M in total assets and 73 participants in its 2024 DOL Form 5500 filing, ranking in the 53rd 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.

  • #4,608 in Construction (9,039 peers)

Giertsen Company multi-year trail

Giertsen Company's plans moved +12.1% in assets from 2022 to 2024; this filing shows Giertsen Companies Employee Savings Plan at $9M / 73 participants.

#4,608
in Construction (9,039 peers)
+2.8%
assets growth YoY

Giertsen Companies Employee Savings Plan's mid-pack asset rank among Construction and all filers

Giertsen Companies Employee Savings Plan vs every filed plan by assets

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

$8,640,291 Top 47% higher than 53% 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

Giertsen Companies Employee Savings Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Giertsen Companies Employee Savings Plan is a small filing (73 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Giertsen Companies Employee Savings Plan reported net income fell from $695K in the plan year 2023 filing to $235K in the plan year 2024 filing.
  • Giertsen Companies Employee Savings Plan reported participants rose from 60 in the plan year 2023 filing to 73 in the plan year 2024 filing.
  • Giertsen Companies Employee Savings Plan end-of-year assets rose from $8M in the plan year 2023 filing to $9M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 411803035 · Giertsen Company PY 2024 · 401(k)

Giertsen Companies Employee Savings Plan · $9M · 73 · 53rd

  • RANK $9M
  • RANK 73
  • RANK 53rd
  • RANK 401(k)
  • RANK near 403(b) Thrift Plan for Employees of Legal Aid Justice Center
  • RANK ind #4608

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 Construction retirement plans → · Plans in Minnesota →

Giertsen Companies Employee Savings Plan in the asset neighbourhood

Giertsen Companies Employee Savings PlanGiertsen Companies Employee …$9M403(b) Thrift Plan for Employees of Legal Aid Justice Center403(b) Thrift Plan for Emplo…$9MStructural Focus, Inc. 401(k) PlanStructural Focus, Inc. 401(k…$9MHand Surgery of Northern Michigan, PLC 401(k) PlanHand Surgery of Northern Mic…$9MWestrock Company Retirement Savings Plan for Puerto Rico EmployeesWestrock Company Retirement …$9M
End-of-year total assets ($M) among Giertsen Companies Employee Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Giertsen Company multi-year asset trail

Sponsor-wide plan assets over time

All Giertsen Company plans reported in each filing year

Latest sponsor-wide plan assets
$9M 12.063167776387555% vs 2022
2024 filing year
$7.5M$8M$8.5M$9M 202220232024 $7.71M $8.64M ▲ +12.1%
Year Plans Participants Total Assets
2022 1 58 $8M
2023 1 60 $8M
2024 1 73 $9M

Giertsen Company filing trail (2024)

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$9M
Net Income$235K
Employer EIN411803035
Plan Effective Date1984-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Minnesota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Giertsen Companies Employee Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -20020406080 Total assets ($B) Participants Giertsen Companies Employee Savings Plan, Total assets ($B): 0.008640291 · Participants: 73Giertsen Companies Employee Savings PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 57.886997456 · Participants: 179076Wells Fargo & Company 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 26.618762181 · Participants: 205460Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 14.419645154 · Participants: 409649Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 13.719378 · Participants: 38480Medtronic Savings and Investment PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 11.442089862 · Participants: 73109U.S. Bank 401(k) Savings Plan
Giertsen Companies Employee Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Giertsen Companies Employee Savings Plan side-by-side with 3 peers →

Giertsen Companies Employee Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is 403(b) Thrift Plan for Employees of Legal Aid Justice Center in VA ($9M); by covered participants it is Woman's Clinic, a Professional Association 401(k) Profit Sharing Plan in TN (73 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (73 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 Giertsen Companies Employee Savings Plan assets move in 2024? ▼
Giertsen Companies Employee Savings Plan edged up modestly - up 2.8% during 2024, from $8M to $9M. Reported net income was $235K.
How have Giertsen Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Giertsen Company's sponsor-wide assets grew 12.1%, from $8M to $9M.
Which 401(k) plans are similar in size to Giertsen Companies Employee Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is 403(b) Thrift Plan for Employees of Legal Aid Justice Center in VA ($9M, 82 participants).
Which 401(k) plans cover a similar participant headcount to Giertsen Companies Employee Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Woman's Clinic, a Professional Association 401(k) Profit Sharing Plan in TN (73 participants, $15M 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 411803035.

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.