ESOP · DOL Form 5500 · 2024

Bergstrom Electric, Inc. ESOP

Data updated 2026-08-25

$23M
Total assets Small plan by assets
120
Participants Small participant base
73rd
Percentile by assets National rank
$192,577
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Bergstrom Electric, Inc. ESOP · Sponsored by Bergstrom Electric, Inc. · North Dakota · Construction

$23M in assets, 120 participants

Bergstrom Electric, Inc.'s Bergstrom Electric, Inc. ESOP reported $23M in total assets and 120 participants in its 2024 DOL Form 5500 filing, ranking in the 73rd 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.

  • #6,485 in Construction (9,039 peers)

Coverage in North Dakota

Bergstrom Electric, Inc. ESOP covers 120 participants in North Dakota, about 24% of the average North Dakota filer (state average ~504 per filing). Assets: $23M.

#6,485
in Construction (9,039 peers)
+28.2%
assets growth YoY

Bergstrom Electric, Inc. ESOP's outsized position by total assets

Bergstrom Electric, Inc. ESOP vs every filed plan by assets

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

$23,109,247 Top 27% higher than 73% 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

Bergstrom Electric, Inc. ESOP 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. Bergstrom Electric, Inc. ESOP sits mid-pack in the medium band (120 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Bergstrom Electric, Inc. ESOP reported net income rose from $4M in the plan year 2023 filing to $5M in the plan year 2024 filing.
  • Bergstrom Electric, Inc. ESOP end-of-year assets rose from $18M in the plan year 2023 filing to $23M in the plan year 2024 filing.
  • Bergstrom Electric, Inc. ESOP reported participants rose from 108 in the plan year 2023 filing to 120 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 450332406 · Bergstrom Electric, Inc. PY 2024 · ESOP

Bergstrom Electric, Inc. ESOP · $23M · 120 · 73rd

  • EBSA $23M
  • EBSA 120
  • EBSA 73rd
  • EBSA ESOP
  • EBSA near Mid-Continental Restoration Company, Inc. Employees Stock Ownership Plan and Trust
  • EBSA ind #6485

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 North Dakota →

Bergstrom Electric, Inc. ESOP in the asset neighbourhood

Flat Rock Metal and Bar Processing Employee Stock Ownership PlanFlat Rock Metal and Bar Proc…$23MMid-Continental Restoration Company, Inc. Employees Stock Ownership Plan and TrustMid-Continental Restoration …$23MBergstrom Electric, Inc. ESOP$23MDevons Jewelers Employee Stock Ownership PlanDevons Jewelers Employee Sto…$23MBacklund Investment Co. Employee Stock Ownership Plan and TrustBacklund Investment Co. Empl…$23M
End-of-year total assets ($M) among Bergstrom Electric, Inc. ESOP and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

North Dakota filing particulars

Total Assets (Beginning of Year)$18M
Net Assets (End of Year)$21M
Net Income$5M
Employer EIN450332406
Plan Effective Date2012-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bergstrom Electric, Inc.)

Sponsor-wide plan assets over time

All Bergstrom Electric, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$40M 48.194355449234166% vs 2022
2024 filing year
$25M$30M$35M$40M$45M 202220232024 $26.7M $39.6M ▲ +48.2%
Year Plans Participants Total Assets
2022 2 229 $27M
2023 2 239 $33M
2024 2 249 $40M

Nearby ESOP Plans in North Dakota

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

Bergstrom Electric, Inc. ESOP vs. nearby ESOP plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -20000200040006000 -0.500.511.5 Total assets ($B) Participants Bergstrom Electric, Inc. ESOP, Total assets ($B): 0.023109247 · Participants: 120Bergstrom Electric, Inc. ESOPBorder States Industries, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.326258119 · Participants: 3256Border States Industries, Inc. Employee Stock Ownership PlanScheels Employee Stock Ownership Plan, Total assets ($B): 0.962968241 · Participants: 5157Scheels Employee Stock Ownership PlanUlteig, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.192805392 · Participants: 1117Ulteig, Inc. Employee Stock Ownership PlanFrontier Precision, Inc Employee Stock Ownership Plan, Total assets ($B): 0.097711974 · Participants: 89Frontier Precision, Inc Employee Stock Ownership PlanKlj Solutions Co Employee Stock Ownership Plan, Total assets ($B): 0.09240993 · Participants: 525Klj Solutions Co Employee Stock Ownership Plan
Bergstrom Electric, Inc. ESOP vs. nearby ESOP plans in North Dakota, assets vs. participants
Compare Bergstrom Electric, Inc. ESOP side-by-side with 3 peers →

Bergstrom Electric, Inc. ESOP's out-of-state ESOP peers by assets and headcount

Outside North Dakota, the nearest ESOP by assets is Mid-Continental Restoration Company, Inc. Employees Stock Ownership Plan and Trust in KS ($23M); by covered participants it is Sbna Holdings, Inc. Employee Stock Ownership Plan in TX (120 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (120 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 Bergstrom Electric, Inc. ESOP assets move in 2024? ▼
Bergstrom Electric, Inc. ESOP grew sharply - up 28.2% during 2024, from $18M to $23M. Reported net income was $5M.
How have Bergstrom Electric, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bergstrom Electric, Inc.'s sponsor-wide assets grew 48.2%, from $27M to $40M.
Which ESOP plans are similar in size to Bergstrom Electric, Inc. ESOP? ▼
Among ESOP plans in other states, the closest by assets is Mid-Continental Restoration Company, Inc. Employees Stock Ownership Plan and Trust in KS ($23M, 212 participants).
Which ESOP plans cover a similar participant headcount to Bergstrom Electric, Inc. ESOP? ▼
Among ESOP plans in other states, the closest by covered participants is Sbna Holdings, Inc. Employee Stock Ownership Plan in TX (120 participants, $14M 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 450332406.

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.