ESOP · DOL Form 5500 · 2024

Bachman, Inc. ESOP

Data updated 2026-08-25

$5M
Total assets Small plan by assets
52
Participants Small participant base
42nd
Percentile by assets National rank
$95,467
Avg per participant Below avg balance/head
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Official DOL plan name: Bachman, Inc. ESOP · Sponsored by Bachman, Inc. · North Dakota · Construction

$5M in assets, 52 participants

Bachman, Inc.'s Bachman, Inc. ESOP reported $5M in total assets and 52 participants in its 2024 DOL Form 5500 filing, ranking in the 42nd 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.

  • #3,640 in Construction (9,039 peers)

What the 2024 filing shows

Bachman, Inc. ESOP holds $5M for 52 participants - about $95,467 per participant, in the lower half of filed plans by assets.

#3,640
in Construction (9,039 peers)
-2.4%
assets change YoY

The plan reported a net loss of $60K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Bachman, Inc. ESOP's mid-pack asset rank among Construction and all filers

Bachman, Inc. ESOP vs every filed plan by assets

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

$4,964,295 42nd percentile higher than 42% 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

Bachman, Inc. ESOP among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bachman, Inc. ESOP is a small filing (52 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Bachman, Inc. ESOP reported net income fell from $338K in the plan year 2023 filing to -$60K in the plan year 2024 filing.
  • Bachman, Inc. ESOP reported participants fell from 55 in the plan year 2023 filing to 52 in the plan year 2024 filing.
  • Bachman, Inc. ESOP end-of-year assets fell from $5M in the plan year 2023 filing to $5M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 450398385 · Bachman, Inc. PY 2024 · ESOP

Bachman, Inc. ESOP · $5M · 52 · 42nd

  • PART $5M
  • PART 52
  • PART 42nd
  • PART ESOP
  • PART near Webb Insurance Agency Employee Stock Ownership Plan
  • PART ind #3640

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 →

Bachman, Inc. ESOP in the asset neighbourhood

Webb Insurance Agency Employee Stock Ownership PlanWebb Insurance Agency Employ…$5MNorth Shore Trust and Savings ESOPNorth Shore Trust and Saving…$5MBachman, Inc. ESOP$5MAmerican Weathermakers ESOP$5MWtg Employee Stock Ownership PlanWtg Employee Stock Ownership…$5M
End-of-year total assets ($M) among Bachman, Inc. ESOP and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Filing particulars (2024)

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$4M
Net Income-$60K
Employer EIN450398385
Plan Effective Date2015-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bachman, Inc.)

Sponsor-wide plan assets over time

All Bachman, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$5M 3.9094551147875882% vs 2022
2024 filing year
$4.7M$4.8M$4.9M$5M$5.1M$5.2M 202220232024 $4.78M $4.96M ▲ +3.8%
Year Plans Participants Total Assets
2022 1 54 $5M
2023 1 55 $5M
2024 1 52 $5M

Nearby ESOP Plans in North Dakota

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

Bachman, 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 ($B) Participants Bachman, Inc. ESOP, Total assets ($B): 0.004964295 · Participants: 52Bachman, 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
Bachman, Inc. ESOP vs. nearby ESOP plans in North Dakota, assets vs. participants
Compare Bachman, Inc. ESOP side-by-side with 3 peers →

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

Outside North Dakota, the nearest ESOP by assets is Webb Insurance Agency Employee Stock Ownership Plan in OH ($5M); by covered participants it is Pro-Tec Design, Inc. Employee Stock Ownership Plan in MN (52 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($5M here).

Similar participant headcount

Nearest other-state filings by covered participants (52 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 Bachman, Inc. ESOP assets move in 2024? ▼
Bachman, Inc. ESOP edged down modestly - down 2.4% during 2024, from $5M to $5M. Reported net income was -$60K.
How have Bachman, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bachman, Inc.'s sponsor-wide assets grew 3.9%, from $5M to $5M.
Which ESOP plans are similar in size to Bachman, Inc. ESOP? ▼
Among ESOP plans in other states, the closest by assets is Webb Insurance Agency Employee Stock Ownership Plan in OH ($5M, 28 participants).
Which ESOP plans cover a similar participant headcount to Bachman, Inc. ESOP? ▼
Among ESOP plans in other states, the closest by covered participants is Pro-Tec Design, Inc. Employee Stock Ownership Plan in MN (52 participants, $820K 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 450398385.

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.