ESOP · DOL Form 5500 · 2024

Berger Financial Group, Inc. ESOP

Data updated 2026-08-25

$16M
Total assets Small plan by assets
58
Participants Small participant base
65th
Percentile by assets National rank
$270,690
Avg per participant High balance/head
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Official DOL plan name: Berger Financial Group Employee Stock Ownership Plan · Sponsored by Berger Financial Group, Inc. · Minnesota · Other Services

$16M in assets, 58 participants

Berger Financial Group, Inc.'s Berger Financial Group Employee Stock Ownership Plan reported $16M in total assets and 58 participants in its 2024 DOL Form 5500 filing, ranking in the 65th 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.

  • #6,224 in Other Services (7,719 peers)

Berger Financial Group, Inc. multi-year trail

Berger Financial Group, Inc.'s plans moved +78.4% in assets from 2022 to 2024; this filing shows Berger Financial Group Employee Stock Ownership Plan at $16M / 58 participants.

#6,224
in Other Services (7,719 peers)
+60.3%
assets growth YoY

Berger Financial Group Employee Stock Ownership Plan's mid-pack asset rank among Other Services and all filers

Berger Financial Group Employee Stock Ownership Plan vs every filed plan by assets

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

$15,700,003 Top 35% higher than 65% 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

Berger Financial Group 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. Berger Financial Group Employee Stock Ownership Plan is a small filing (58 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Berger Financial Group Employee Stock Ownership Plan reported net income rose from $2M in the plan year 2023 filing to $7M in the plan year 2024 filing.
  • Berger Financial Group Employee Stock Ownership Plan end-of-year assets rose from $10M in the plan year 2023 filing to $16M in the plan year 2024 filing.
  • Berger Financial Group Employee Stock Ownership Plan reported participants fell from 59 in the plan year 2023 filing to 58 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 411856827 · Berger Financial Group, Inc. PY 2024 · ESOP

Berger Financial Group Employee Stock Ownership Plan · $16M · 58 · 65th

  • EBSA $16M
  • PART 58
  • TYPE 65th
  • NET ESOP
  • BOOK near Monteith Construction Corp. Employee Stock Ownership Plan
  • VS-ST ind #6224

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 Minnesota →

Berger Financial Group Employee Stock Ownership Plan in the asset neighbourhood

Warco Employee Stock Ownership PlanWarco Employee Stock Ownersh…$16MBerger Financial Group Employee Stock Ownership PlanBerger Financial Group Emplo…$16MMonteith Construction Corp. Employee Stock Ownership PlanMonteith Construction Corp. …$16MHunter Associates Laboratory, Inc. Employee Stock Ownership PlanHunter Associates Laboratory…$16MAgricultural Services, Inc. Employee Stock Ownership PlanAgricultural Services, Inc. …$16M
End-of-year total assets ($M) among Berger Financial Group Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Berger Financial Group, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Berger Financial Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$16M 78.4090844524808% vs 2022
2024 filing year
$5M$10M$15M$20M 202220232024 $8.8M $15.7M ▲ +78.4%
Year Plans Participants Total Assets
2022 1 51 $9M
2023 1 59 $10M
2024 1 58 $16M

Berger Financial Group, Inc. filing trail (2024)

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$9M
Net Income$7M
Employer EIN411856827
Plan Effective Date2019-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Minnesota

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

Berger Financial Group Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -500050010001500 Total assets ($M) Participants Berger Financial Group Employee Stock Ownership Plan, Total assets ($M): 15.700003 · Participants: 58Berger Financial Group Employee Stock Ownership PlanAndersen Corporation Employee Stock Ownership Plan, Total assets ($M): 962.686911 · Participants: 12104Andersen Corporation Employee Stock Ownership PlanLandscape Structures, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 593.784492 · Participants: 490Landscape Structures, Inc. Employee Stock Ownership Plan and TrustKingdom Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 593.525018 · Participants: 782Kingdom Enterprises, Inc. Employee Stock Ownership PlanForce America Inc. Employee Stock Ownership Plan, Total assets ($M): 472.716981 · Participants: 615Force America Inc. Employee Stock Ownership PlanAblenet, Inc. Employee Stock Ownership Plan, Total assets ($M): 459.837439 · Participants: 134Ablenet, Inc. Employee Stock Ownership Plan
Berger Financial Group Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Berger Financial Group Employee Stock Ownership Plan side-by-side with 3 peers →

Berger Financial Group Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is Monteith Construction Corp. Employee Stock Ownership Plan in NC ($16M); by covered participants it is Washington State Bancshares, Inc Employee Stock Ownership Plan in LA (58 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (58 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 Berger Financial Group Employee Stock Ownership Plan assets move in 2024? ▼
Berger Financial Group Employee Stock Ownership Plan surged - up 60.3% during 2024, from $10M to $16M. Reported net income was $7M.
How have Berger Financial Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Berger Financial Group, Inc.'s sponsor-wide assets grew 78.4%, from $9M to $16M.
Which ESOP plans are similar in size to Berger Financial Group Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Monteith Construction Corp. Employee Stock Ownership Plan in NC ($16M, 162 participants).
Which ESOP plans cover a similar participant headcount to Berger Financial Group Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Washington State Bancshares, Inc Employee Stock Ownership Plan in LA (58 participants, $7M 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 411856827.

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.