ESOP · DOL Form 5500 · 2024

Western State Agency, Inc. ESOP

Data updated 2026-07-24

$53M
Total assets: 285
Participants: 85th
Percentile by assets: $186,796
Avg per participant

Official DOL plan name: Western State Agency, Inc. Employee Stock Ownership Plan and Trust · Sponsored by Western State Agency, Inc. · North Dakota · Finance & Insurance

$53M in assets, 285 participants

Western State Agency, Inc.'s Western State Agency, Inc. Employee Stock Ownership Plan and Trust reported $53M in total assets and 285 participants in its 2024 DOL Form 5500 filing, ranking in the 85th 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.

85th percentile by assets (of 116,472 plans)

Where Western State Agency, Inc. Employee Stock Ownership Plan and Trust sits by assets

Western State Agency, Inc. Employee Stock Ownership Plan and Trust sits in the top quartile of all filed plans by assets, $53M for 285 participants (~$186,796/participant), up 18.6% in 2024.

$53M
total plan assets (2024 EOY): 285
covered participants: 85th
percentile by assets (of 116,472 plans): $186,796
avg assets per participant

Western State Agency, Inc. Employee Stock Ownership Plan and Trust reported net income rose from -$512K in the plan year 2023 filing to $8M in the plan year 2024 filing.
Western State Agency, Inc. Employee Stock Ownership Plan and Trust end-of-year assets rose from $45M in the plan year 2023 filing to $53M in the plan year 2024 filing.
Western State Agency, Inc. Employee Stock Ownership Plan and Trust reported participants rose from 269 in the plan year 2023 filing to 285 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

North Dakota

Industry

Finance & Insurance

Western State Agency, Inc. Employee Stock Ownership Plan and Trust vs the 2024 asset distribution

By assets, Western State Agency, Inc. Employee Stock Ownership Plan and Trust outranks 85% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.5x the national average plan size of $100M (730 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$45M
Net Assets (End of Year)	$53M
Net Income	$8M
Employer EIN	450106740
Plan Effective Date	2000-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Western State Agency, Inc.)

Total plan assets by year, all Western State Agency, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	2	512	$61M
2023	2	537	$65M
2024	2	573	$77M

Nearby ESOP Plans in North Dakota

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

Western State Agency, Inc. Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in North Dakota, assets vs. participants

Border States Industries, Inc. Employee Stock Ownership Plan $1.3B · 3,256
Scheels Employee Stock Ownership Plan $963M · 5,157
Ulteig, Inc. Employee Stock Ownership Plan $193M · 1,117
Frontier Precision, Inc Employee Stock Ownership Plan $98M · 89
Klj Solutions Co Employee Stock Ownership Plan $92M · 525

Compare Western State Agency, Inc. Employee Stoc… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Western State Agency, Inc. Employee Stock Ownership Plan and Trust by total assets, not by location.

Advance Capital Group, Inc. Employee Stock Ownership Plan (MI) $53M · 59
Mulberry's Independent Home Services, Inc. Employee Stock Ownership Plan (WV) $53M · 1,687
Guthrie & Huebner Company, Inc. Employee Stock Ownership Plan and Trust (TX) $53M · 575
Halff Associates, Inc. Employee Stock Ownership Plan and Trust (TX) $53M · 1,131

Frequently Asked Questions

How did Western State Agency, Inc. Employee Stock Ownership Plan and Trust assets move in 2024? ▼

Western State Agency, Inc. Employee Stock Ownership Plan and Trust grew sharply - up 18.6% during 2024, from $45M to $53M. Reported net income was $8M.

How have Western State Agency, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Western State Agency, Inc.'s sponsor-wide assets grew 25.0%, from $61M to $77M.

Where does Western State Agency, Inc. Employee Stock Ownership Plan and Trust rank by assets among Form 5500 filers? ▼

Western State Agency, Inc. Employee Stock Ownership Plan and Trust ranks in the 85th 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 Western State Agency, Inc. Employee Stock Ownership Plan and Trust? ▼

Among ESOP plans in other states, the closest by assets is Advance Capital Group, Inc. Employee Stock Ownership Plan in MI ($53M, 59 participants).

Next read for Western State Agency, Inc. Employee Stoc…

Scale reading

Ways to act on Western State Agency, Inc. Employee Stock Ownership Plan and Trust's numbers.

By total assets, Western State Agency, 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 North Dakota. Compare plans
Western State Agency, Inc.'s sponsor-wide assets have grown 25.0% since 2022 across 3 plan years on file. More Finance & Insurance 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 450106740.

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.