ESOP · DOL Form 5500 · 2024

Minnwest Corporation ESOP

Data updated 2026-08-25

$5M
Total assets Small plan by assets
343
Participants Below avg headcount
41st
Percentile by assets National rank
$14,017
Avg per participant Low balance/head
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Official DOL plan name: Minnwest Corporation Employee Stock Ownership Plan · Sponsored by Minnwest Corporation · Minnesota · Finance & Insurance

$5M in assets, 343 participants

Minnwest Corporation's Minnwest Corporation Employee Stock Ownership Plan reported $5M in total assets and 343 participants in its 2024 DOL Form 5500 filing, ranking in the 41st 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.

  • #2,368 in Finance & Insurance (8,549 peers)

Coverage in Minnesota

Minnwest Corporation Employee Stock Ownership Plan covers 343 participants in Minnesota, about 30% of the average Minnesota filer (state average ~1,126 per filing). Assets: $5M.

#2,368
in Finance & Insurance (8,549 peers)
+23.3%
assets growth YoY

Minnwest Corporation Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Minnwest Corporation Employee Stock Ownership Plan vs every filed plan by assets

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

$4,807,693 41st percentile higher than 41% 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

Minnwest Corporation Employee Stock Ownership Plan 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. Minnwest Corporation Employee Stock Ownership Plan sits mid-pack in the medium band (343 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Minnwest Corporation Employee Stock Ownership Plan reported net income rose from -$48K in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • Minnwest Corporation Employee Stock Ownership Plan end-of-year assets rose from $4M in the plan year 2023 filing to $5M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 411549950 · Minnwest Corporation PY 2024 · ESOP

Minnwest Corporation Employee Stock Ownership Plan · $5M · 343 · 41st

  • BOOK $5M
  • VS-ST 343
  • BOY 41st
  • SCH ESOP
  • EBSA near Best Restaurant Equipment & Design, Inc. Employee Stock Ownership Plan
  • PART ind #2368

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 →

Minnwest Corporation Employee Stock Ownership Plan in the asset neighbourhood

Minnwest Corporation Employee Stock Ownership PlanMinnwest Corporation Employe…$5MBest Restaurant Equipment & Design, Inc. Employee Stock Ownership PlanBest Restaurant Equipment & …$5MPrellwitz/Chilinski Associates, Inc. Employee Stock Ownership PlanPrellwitz/Chilinski Associat…$5MDanbert Holdings, Inc. Employee Stock Ownership PlanDanbert Holdings, Inc. Emplo…$5MSteckbeck Engineering & Surveying, Inc. ESOPSteckbeck Engineering & Surv…$5M
End-of-year total assets ($M) among Minnwest Corporation Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$2M
Net Income$1M
Employer EIN411549950
Plan Effective Date2021-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Minnwest Corporation)

Sponsor-wide plan assets over time

All Minnwest Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$77M 25.960195922340528% vs 2022
2024 filing year
$55M$60M$65M$70M$75M$80M 202220232024 $61.3M $77.3M ▲ +26.0%
Year Plans Participants Total Assets
2022 2 806 $61M
2023 2 765 $70M
2024 2 746 $77M

Nearby ESOP Plans in Minnesota

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

Minnwest Corporation Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -500050010001500 Total assets ($M) Participants Minnwest Corporation Employee Stock Ownership Plan, Total assets ($M): 4.807693 · Participants: 343Minnwest Corporation 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
Minnwest Corporation Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Minnwest Corporation Employee Stock Ownership Plan side-by-side with 3 peers →

Minnwest Corporation Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is Best Restaurant Equipment & Design, Inc. Employee Stock Ownership Plan in OH ($5M); by covered participants it is Iewc Corp. Employee Stock Ownership Plan in WI (343 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (343 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 Minnwest Corporation Employee Stock Ownership Plan assets move in 2024? ▼
Minnwest Corporation Employee Stock Ownership Plan grew sharply - up 23.3% during 2024, from $4M to $5M. Reported net income was $1M.
How have Minnwest Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Minnwest Corporation's sponsor-wide assets grew 26.0%, from $61M to $77M.
Which ESOP plans are similar in size to Minnwest Corporation Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Best Restaurant Equipment & Design, Inc. Employee Stock Ownership Plan in OH ($5M, 35 participants).
Which ESOP plans cover a similar participant headcount to Minnwest Corporation Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Iewc Corp. Employee Stock Ownership Plan in WI (343 participants, $246M 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 411549950.

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.