ESOP · DOL Form 5500 · 2024

J.M. Grimstad, Inc. ESOP

Data updated 2026-08-25

$7M
Total assets Small plan by assets
69
Participants Small participant base
49th
Percentile by assets National rank
$104,875
Avg per participant Below avg balance/head
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Official DOL plan name: J.M. Grimstad, Inc. Employee Stock Ownership Plan · Sponsored by J.M. Grimstad, Inc. · Wisconsin · Wholesale Trade

$7M in assets, 69 participants

J.M. Grimstad, Inc.'s J.M. Grimstad, Inc. Employee Stock Ownership Plan reported $7M in total assets and 69 participants in its 2024 DOL Form 5500 filing, ranking in the 49th 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.

  • #2,357 in Wholesale Trade (6,080 peers)

What the 2024 filing shows

J.M. Grimstad, Inc. Employee Stock Ownership Plan holds $7M for 69 participants - about $104,875 per participant, in the lower half of filed plans by assets.

#2,357
in Wholesale Trade (6,080 peers)
-5.5%
assets change YoY

The plan reported a net loss of $422K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

J.M. Grimstad, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Wholesale Trade and all filers

J.M. Grimstad, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$7,236,401 49th percentile higher than 49% 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

J.M. Grimstad, Inc. Employee Stock Ownership 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. J.M. Grimstad, Inc. Employee Stock Ownership Plan is a small filing (69 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • J.M. Grimstad, Inc. Employee Stock Ownership Plan reported net income fell from $469K in the plan year 2023 filing to -$422K in the plan year 2024 filing.
  • J.M. Grimstad, Inc. Employee Stock Ownership Plan reported participants rose from 46 in the plan year 2023 filing to 69 in the plan year 2024 filing.
  • J.M. Grimstad, Inc. Employee Stock Ownership Plan end-of-year assets fell from $8M in the plan year 2023 filing to $7M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 390978269 · J.M. Grimstad, Inc. PY 2024 · ESOP

J.M. Grimstad, Inc. Employee Stock Ownership Plan · $7M · 69 · 49th

  • IND $7M
  • IND 69
  • IND 49th
  • IND ESOP
  • IND near Nec, Inc. Employee Stock Ownership Plan
  • IND ind #2357

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 Wisconsin →

J.M. Grimstad, Inc. Employee Stock Ownership Plan in the asset neighbourhood

J.M. Grimstad, Inc. Employee Stock Ownership PlanJ.M. Grimstad, Inc. Employee…$7MAj Asphalt Employee Stock Ownership PlanAj Asphalt Employee Stock Ow…$7MNec, Inc. Employee Stock Ownership PlanNec, Inc. Employee Stock Own…$7MSmall Mine Development Employee Stock Ownership PlanSmall Mine Development Emplo…$7MMidstate Bancorp Employee Stock Ownership PlanMidstate Bancorp Employee St…$7M
End-of-year total assets ($M) among J.M. Grimstad, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Filing particulars (2024)

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$7M
Net Income-$422K
Employer EIN390978269
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (J.M. Grimstad, Inc.)

Sponsor-wide plan assets over time

All J.M. Grimstad, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$7M 0.6679104316697385% vs 2022
2024 filing year
$7M$7.2M$7.4M$7.6M$7.8M 202220232024 $7.19M $7.24M ▲ +0.7%
Year Plans Participants Total Assets
2022 1 46 $7M
2023 1 46 $8M
2024 1 69 $7M

Nearby ESOP Plans in Wisconsin

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

J.M. Grimstad, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Wisconsin, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -101234 Total assets ($B) Participants J.M. Grimstad, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.007236401 · Participants: 69J.M. Grimstad, Inc. Employee Stock Ownership PlanSchreiber Foods, Inc Employee Stock Ownership Plan, Total assets ($B): 3.761100176 · Participants: 6519Schreiber Foods, Inc Employee Stock Ownership PlanWoodman's Employees' Profit Sharing and Stock Ownership Plan, Total assets ($B): 0.795573537 · Participants: 2967Woodman's Employees' Profit Sharing and Stock Ownership PlanKi Employee Stock Ownership Plan, Total assets ($B): 0.604138718 · Participants: 1689Ki Employee Stock Ownership PlanWausau Supply Company Employee Stock Ownership Plan, Total assets ($B): 0.332844757 · Participants: 834Wausau Supply Company Employee Stock Ownership PlanTrachte Building Systems Employee Stock Ownership Plan, Total assets ($B): 0.31505419 · Participants: 266Trachte Building Systems Employee Stock Ownership Plan
J.M. Grimstad, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Wisconsin, assets vs. participants
Compare J.M. Grimstad, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

J.M. Grimstad, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Wisconsin, the nearest ESOP by assets is Nec, Inc. Employee Stock Ownership Plan in IA ($7M); by covered participants it is R. C. Lurie Company, Inc. Employee Stock Ownership Plan in AZ (69 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (69 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 J.M. Grimstad, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
J.M. Grimstad, Inc. Employee Stock Ownership Plan pulled back noticeably - down 5.5% during 2024, from $8M to $7M. Reported net income was -$422K.
How have J.M. Grimstad, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), J.M. Grimstad, Inc.'s sponsor-wide assets grew 0.7%, from $7M to $7M.
Which ESOP plans are similar in size to J.M. Grimstad, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Nec, Inc. Employee Stock Ownership Plan in IA ($7M, 14 participants).
Which ESOP plans cover a similar participant headcount to J.M. Grimstad, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is R. C. Lurie Company, Inc. Employee Stock Ownership Plan in AZ (69 participants, $103M 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 390978269.

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.