ESOP · DOL Form 5500 · 2024

Merlin Development, Inc. ESOP

Data updated 2026-08-25

$218K
Total assets Small plan by assets
9
Participants Small participant base
11th
Percentile by assets National rank
$24,251
Avg per participant Low balance/head
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Official DOL plan name: Merlin Development, Inc. Employee Stock Ownership Plan · Sponsored by Merlin Development, Inc. · Minnesota · Professional & Technical Services

$218K in assets, 9 participants

Merlin Development, Inc.'s Merlin Development, Inc. Employee Stock Ownership Plan reported $218K in total assets and 9 participants in its 2024 DOL Form 5500 filing, ranking in the 11th 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.

  • #1,787 in Professional & Technical Services (20,173 peers)

Merlin Development, Inc. multi-year trail

Merlin Development, Inc.'s plans moved -64.4% in assets from 2022 to 2024; this filing shows Merlin Development, Inc. Employee Stock Ownership Plan at $218K / 9 participants.

#1,787
in Professional & Technical Services (20,173 peers)
-29.1%
assets change YoY

The plan reported a net loss of $83K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Merlin Development, Inc. Employee Stock Ownership Plan among the smaller filed plans by assets

Merlin Development, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$218,263 11th percentile higher than 11% 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

Merlin Development, Inc. Employee Stock Ownership Plan among micro filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Merlin Development, Inc. Employee Stock Ownership Plan is a micro filing (9 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Merlin Development, Inc. Employee Stock Ownership Plan reported net income rose from -$285K in the plan year 2023 filing to -$83K in the plan year 2024 filing.
  • Merlin Development, Inc. Employee Stock Ownership Plan end-of-year assets fell from $308K in the plan year 2023 filing to $218K in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 411640918 · Merlin Development, Inc. PY 2024 · ESOP

Merlin Development, Inc. Employee Stock Ownership Plan · $218K · 9 · 11th

  • BOY $218K
  • SCH 9
  • EBSA 11th
  • PART ESOP
  • TYPE near Hop-a-Jet Worldwide Jet Charter Employee Stock Ownership Plan
  • NET ind #1787

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 →

Merlin Development, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Merlin Development, Inc. Employee Stock Ownership PlanMerlin Development, Inc. Emp…$218KHop-a-Jet Worldwide Jet Charter Employee Stock Ownership PlanHop-a-Jet Worldwide Jet Char…$217KTucson Embedded Systems, Inc. Employee Stock Ownership PlanTucson Embedded Systems, Inc…$217KHodge Engineering Company, Inc. Employee Stock Ownership PlanHodge Engineering Company, I…$217KAtlanta Network Systems, Inc. Retirement PlanAtlanta Network Systems, Inc…$216K
End-of-year total assets ($M) among Merlin Development, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Merlin Development, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Merlin Development, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$218K 64.40956000932717% vs 2022
2024 filing year
$0M$0.2M$0.4M$0.6M$0.8M 202220232024 $0.61M $0.22M ▼ -63.9%
Year Plans Participants Total Assets
2022 1 10 $613K
2023 1 9 $308K
2024 1 9 $218K

Merlin Development, Inc. filing trail (2024)

Total Assets (Beginning of Year)$308K
Net Assets (End of Year)$207K
Net Income-$83K
Employer EIN411640918
Plan Effective Date2008-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Minnesota

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

Merlin Development, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -500050010001500 Total assets ($M) Participants Merlin Development, Inc. Employee Stock Ownership Plan, Total assets ($M): 0.218263 · Participants: 9Merlin Development, Inc. 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
Merlin Development, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Merlin Development, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Merlin Development, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is Hop-a-Jet Worldwide Jet Charter Employee Stock Ownership Plan in FL ($217K); by covered participants it is Commercial Bank of Mott Employee Stock Ownership Plan in ND (9 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (9 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 Merlin Development, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Merlin Development, Inc. Employee Stock Ownership Plan declined sharply - down 29.1% during 2024, from $308K to $218K. Reported net income was -$83K.
How have Merlin Development, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Merlin Development, Inc.'s sponsor-wide assets declined 64.4%, from $613K to $218K.
Where does Merlin Development, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Merlin Development, Inc. Employee Stock Ownership Plan ranks in the 11th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the smaller plans by assets on file).
Which ESOP plans are similar in size to Merlin Development, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Hop-a-Jet Worldwide Jet Charter Employee Stock Ownership Plan in FL ($217K, 103 participants).
Which ESOP plans cover a similar participant headcount to Merlin Development, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Commercial Bank of Mott Employee Stock Ownership Plan in ND (9 participants, $11M 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 411640918.

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.