ESOP · DOL Form 5500 · 2024

Heritage Bancshares Group, Inc. ESOP

Data updated 2026-08-25

$8M
Total assets Small plan by assets
86
Participants Small participant base
52nd
Percentile by assets National rank
$98,621
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust · Sponsored by Heritage Bancshares Group, Inc. · Minnesota · Management of Enterprises

$8M in assets, 86 participants

Heritage Bancshares Group, Inc.'s Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust reported $8M in total assets and 86 participants in its 2024 DOL Form 5500 filing, ranking in the 52nd 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.

  • #418 in Management of Enterprises (1,133 peers)

Heritage Bancshares Group, Inc. multi-year trail

Heritage Bancshares Group, Inc.'s plans moved -15.0% in assets from 2022 to 2024; this filing shows Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust at $8M / 86 participants.

#418
in Management of Enterprises (1,133 peers)
-26.8%
assets change YoY

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust's mid-pack asset rank among Management of Enterprises and all filers

Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust vs every filed plan by assets

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

$8,481,382 Top 48% higher than 52% 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

Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust is a small filing (86 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust reported net income fell from -$2M in the plan year 2023 filing to -$3M in the plan year 2024 filing.
  • Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust end-of-year assets fell from $12M in the plan year 2023 filing to $8M in the plan year 2024 filing.
  • Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust reported participants fell from 90 in the plan year 2023 filing to 86 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 411768838 · Heritage Bancshares Group, Inc. PY 2024 · ESOP

Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust · $8M · 86 · 52nd

  • PHOTO $8M
  • PHOTO 86
  • PHOTO 52nd
  • PHOTO ESOP
  • PHOTO near Aircraft Precision Products Inc. Employee Stock Ownership Plan
  • PHOTO ind #418

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 →

Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust in the asset neighbourhood

Charter Construction, Inc. Employee Stock Ownership PlanCharter Construction, Inc. E…$9MSchimenti Construction Employee Stock Ownership PlanSchimenti Construction Emplo…$9MAircraft Precision Products Inc. Employee Stock Ownership PlanAircraft Precision Products …$8MAnx Home Healthcare Inc. Employee Stock Ownership PlanAnx Home Healthcare Inc. Emp…$8MHeritage Bancshares Group, Inc. Employee Stock Ownership Plan and TrustHeritage Bancshares Group, I…$8M
End-of-year total assets ($M) among Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Heritage Bancshares Group, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Heritage Bancshares Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$21M 15.03435976843991% vs 2022
2024 filing year
$20M$22M$24M$26M 202220232024 $24.5M $20.8M ▼ -15.0%
Year Plans Participants Total Assets
2022 2 250 $24M
2023 2 197 $25M
2024 2 178 $21M

Heritage Bancshares Group, Inc. filing trail (2024)

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$8M
Net Income-$3M
Employer EIN411768838
Plan Effective Date2014-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Minnesota

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

Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -500050010001500 Total assets ($M) Participants Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 8.481382 · Participants: 86Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and TrustAndersen 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
Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust side-by-side with 3 peers →

Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is Aircraft Precision Products Inc. Employee Stock Ownership Plan in MI ($8M); by covered participants it is Fitzwater Holding Group Employee Stock Ownership Plan in OH (86 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (86 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 Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust assets move in 2024? ▼
Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust declined sharply - down 26.8% during 2024, from $12M to $8M. Reported net income was -$3M.
How have Heritage Bancshares Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Heritage Bancshares Group, Inc.'s sponsor-wide assets declined 15.0%, from $24M to $21M.
Which ESOP plans are similar in size to Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by assets is Aircraft Precision Products Inc. Employee Stock Ownership Plan in MI ($8M, 49 participants).
Which ESOP plans cover a similar participant headcount to Heritage Bancshares Group, Inc. Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by covered participants is Fitzwater Holding Group Employee Stock Ownership Plan in OH (86 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 411768838.

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.