401(k) · DOL Form 5500 · 2024
Bergstrom Electric, Inc. 401(k) Plan
Data updated 2026-08-11
- $16M
- Total assets
- 129
- Participants
- 66th
- Percentile by assets
- $127,507
- Avg per participant
Official DOL plan name: Bergstrom Electric, Inc. 401(k) Plan · Sponsored by Bergstrom Electric, Inc. · North Dakota · Construction
$16M in assets, 129 participants
Bergstrom Electric, Inc.'s Bergstrom Electric, Inc. 401(k) Plan reported $16M in total assets and 129 participants in its 2024 DOL Form 5500 filing, ranking in the 66th 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.
- 66th percentile by assets (of 123,622 plans)
- #5,882 in Construction (9,039 peers)
Coverage in North Dakota
Bergstrom Electric, Inc. 401(k) Plan covers 129 participants in North Dakota, about 26% of the average North Dakota filer (state average ~504 per filing). Assets: $16M.
- $16M
- total plan assets (2024 EOY)
- 129
- covered participants
- 66th
- percentile by assets (of 123,622 plans)
- $127,507
- avg assets per participant
Where Bergstrom Electric, Inc. 401(k) Plan sits by total assets
Bergstrom Electric, Inc. 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$16,448,379 Top 34% higher than 66% 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
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Bergstrom Electric, Inc. 401(k) Plan reported net income fell from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.
- Bergstrom Electric, Inc. 401(k) Plan end-of-year assets rose from $15M in the plan year 2023 filing to $16M in the plan year 2024 filing.
- Bergstrom Electric, Inc. 401(k) Plan reported participants fell from 131 in the plan year 2023 filing to 129 in the plan year 2024 filing.
Participants vs North Dakota filers
In North Dakota, the average filing covers about 504 participants across 359 plans. Bergstrom Electric, Inc. 401(k) Plan reports 129 participants - about 26% of that state average ($16M EOY assets).
North Dakota filing particulars
| Total Assets (Beginning of Year) | $15M |
|---|---|
| Net Assets (End of Year) | $16M |
| Net Income | $2M |
| Employer EIN | 450332406 |
| Plan Effective Date | 1990-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Bergstrom Electric, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 229 | $27M |
| 2023 | 2 | 239 | $33M |
| 2024 | 2 | 249 | $40M |
Nearby 401(k) Plans in North Dakota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Sanford Retirement Savings Plan $3.6B · 31,958
- Knife River Corporation 401(k) Retirement Plan $856M · 5,327
- Mdu Resources Group, Inc. 401(k) Retirement Plan $776M · 3,465
- Eide Bailly LLP 401(k) Profit Sharing Plan $615M · 2,920
- Offutt Companies 401(k) Savings Plan $592M · 5,199
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Bergstrom Electric, Inc. 401(k) Plan by total assets, not by location.
Frequently Asked Questions
How did Bergstrom Electric, Inc. 401(k) Plan assets move in 2024? ▼
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Next read for Bergstrom Electric, Inc. 401(k) Plan
Filing takeaways
Ways to act on Bergstrom Electric, Inc. 401(k) Plan's numbers.
- By total assets, Bergstrom Electric, Inc. 401(k) Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in North Dakota. Compare plans
- Bergstrom Electric, Inc.'s sponsor-wide assets have grown 48.2% since 2022 across 3 plan years on file. More Construction plans