ESOP · DOL Form 5500 · 2024
Besser Company ESOP
Data updated 2026-08-25
- $68M
- Total assets Below avg plan size
- 406
- Participants Below avg headcount
- 87th
- Percentile by assets National rank
- $168,638
- Avg per participant Above avg balance/head
Official DOL plan name: Besser Company Employee Stock Ownership Plan · Sponsored by Besser Company · Michigan · Manufacturing
$68M in assets, 406 participants
Besser Company's Besser Company Employee Stock Ownership Plan reported $68M in total assets and 406 participants in its 2024 DOL Form 5500 filing, ranking in the 87th 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.
- #14,515 in Manufacturing (17,777 peers)
Where Besser Company Employee Stock Ownership Plan sits by assets
Besser Company Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $68M for 406 participants (~$168,638/participant), up 3.8% in 2024.
- #14,515
- in Manufacturing (17,777 peers)
- +3.8%
- assets growth YoY
- 0.7×
- vs typical plan assets (national mean)
Besser Company Employee Stock Ownership Plan's outsized position by total assets
Besser Company Employee Stock Ownership Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$68,466,930 Top 13% higher than 87% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Besser Company 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. Besser Company Employee Stock Ownership Plan sits mid-pack in the medium band (406 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Besser Company Employee Stock Ownership Plan reported net income fell from $17M in the plan year 2023 filing to $4M in the plan year 2024 filing.
- Besser Company Employee Stock Ownership Plan reported participants rose from 384 in the plan year 2023 filing to 406 in the plan year 2024 filing.
- Besser Company Employee Stock Ownership Plan end-of-year assets rose from $66M in the plan year 2023 filing to $68M in the plan year 2024 filing.
Published 5500 schedule card
Filing strip 380346640 · Besser Company PY 2024 · ESOP
Besser Company Employee Stock Ownership Plan · $68M · 406 · 87th
- EIN $68M
- RANK 406
- PHOTO 87th
- IND ESOP
- EOY near Jerry's Building Materials, Inc. Employee Stock Ownership Plan and Trust
- 5500 ind #14515
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 Michigan →
Besser Company Employee Stock Ownership Plan in the asset neighbourhood
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $66M |
|---|---|
| Net Assets (End of Year) | $61M |
| Net Income | $4M |
| Employer EIN | 380346640 |
| Plan Effective Date | 2004-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Besser Company)
Sponsor-wide plan assets over time
All Besser Company plans reported in each filing year
- Latest sponsor-wide plan assets
- $118M 3.951959086407647% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 688 | $113M |
| 2023 | 3 | 752 | $111M |
| 2024 | 2 | 779 | $118M |
Nearby ESOP Plans in Michigan
Peer ESOP plans, same state, same plan type, ranked by total assets.
- Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan $1.6B · 1,780
- The Kendall Group Employee Stock Ownership Plan $900M · 1,936
- Project Worldwide, Inc. Employee Stock Ownership Plan $453M · 1,284
- Motor City Electric Co. Employee Stock Ownership Plan $410M · 218
- Lee Contracting, Inc. Employee Stock Ownership Plan $250M · 565
Besser Company Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount
Outside Michigan, the nearest ESOP by assets is Jerry's Building Materials, Inc. Employee Stock Ownership Plan and Trust in OR ($68M); by covered participants it is Jim's Formal Wear Employee Stock Ownership Plan in IL (406 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($68M here).
- Jerry's Building Materials, Inc. Employee Stock Ownership Plan and Trust (OR) $68M · 299
- Employees' Stock Ownership Plan of Cenlar Capital Corporation (NJ) $69M · 2,124
- Columbia Bank Employee Stock Ownership Plan (NJ) $69M · 715
- Global Vessel & Tank Holdco, Inc. Employee Stock Ownership Plan (LA) $69M · 145
Similar participant headcount
Nearest other-state filings by covered participants (406 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.