ESOP · DOL Form 5500 · 2024

Border States Industries, Inc. ESOP

Data updated 2026-07-24

$1.3B
Total assets: 3,256
Participants: 99th
Percentile by assets: $407,327
Avg per participant

Official DOL plan name: Border States Industries, Inc. Employee Stock Ownership Plan · Sponsored by Border States Industries, Inc. · North Dakota · Wholesale Trade

$1.3B in assets, 3,256 participants

Border States Industries, Inc.'s Border States Industries, Inc. Employee Stock Ownership Plan reported $1.3B in total assets and 3,256 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.

99th percentile by assets (of 116,472 plans)

Coverage in North Dakota

Border States Industries, Inc. Employee Stock Ownership Plan covers 3,256 participants in North Dakota, 6.2x the typical North Dakota plan (state average ~522 per filing). Assets: $1.3B.

$1.3B
total plan assets (2024 EOY): 3,256
covered participants: 99th
percentile by assets (of 116,472 plans): $407,327
avg assets per participant

Border States Industries, Inc. Employee Stock Ownership Plan reported net income rose from $84M in the plan year 2023 filing to $152M in the plan year 2024 filing.
Border States Industries, Inc. Employee Stock Ownership Plan end-of-year assets rose from $1.2B in the plan year 2023 filing to $1.3B in the plan year 2024 filing.
Border States Industries, Inc. Employee Stock Ownership Plan reported participants rose from 2,973 in the plan year 2023 filing to 3,256 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

North Dakota

Industry

Wholesale Trade

Participants vs North Dakota filers

In North Dakota, the average filing covers about 522 participants across 339 plans. Border States Industries, Inc. Employee Stock Ownership Plan reports 3,256 participants - 6.2x that state average ($1.3B EOY assets).

North Dakota filing particulars

Total Assets (Beginning of Year)	$1.2B
Net Assets (End of Year)	$1.3B
Net Income	$152M
Employer EIN	450275004
Plan Effective Date	1984-04-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Border States Industries, Inc.)

Total plan assets by year, all Border States Industries, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	2	5,175	$1.3B
2023	2	5,853	$1.4B
2024	2	6,351	$1.6B

Nearby ESOP Plans in North Dakota

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

Border States Industries, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Dakota, assets vs. participants

Scheels Employee Stock Ownership Plan $963M · 5,157
Ulteig, Inc. Employee Stock Ownership Plan $193M · 1,117
Frontier Precision, Inc Employee Stock Ownership Plan $98M · 89
Klj Solutions Co Employee Stock Ownership Plan $92M · 525
Advanced Elements, Inc. Employee Stock Ownership Plan $91M · 287

Compare Border States Industries, Inc. Employee … side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Border States Industries, Inc. Employee Stock Ownership Plan by total assets, not by location.

Nvr, Inc. Employee Stock Ownership Plan (VA) $1.3B · 6,515
Scot Forge Company Employee Stock Ownership Plan (IL) $1.4B · 491
Evapco, Inc. Employee Stock Ownership Plan (MD) $1.1B · 1,803
The Bank of America Transferred Savings Account Plan (RI) $1.1B · 4,298

Frequently Asked Questions

How did Border States Industries, Inc. Employee Stock Ownership Plan assets move in 2024? ▼

Border States Industries, Inc. Employee Stock Ownership Plan grew at a solid clip - up 12.7% during 2024, from $1.2B to $1.3B. Reported net income was $152M.

How have Border States Industries, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Border States Industries, Inc.'s sponsor-wide assets grew 24.4%, from $1.3B to $1.6B.

Where does Border States Industries, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼

Border States Industries, Inc. Employee Stock Ownership Plan ranks in the 99th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).

Which ESOP plans are similar in size to Border States Industries, Inc. Employee Stock Ownership Plan? ▼

Among ESOP plans in other states, the closest by assets is Nvr, Inc. Employee Stock Ownership Plan in VA ($1.3B, 6,515 participants).

Next read for Border States Industries, Inc. Employee …

Filing takeaways

Ways to act on Border States Industries, Inc. Employee Stock Ownership Plan's numbers.

By total assets, Border States Industries, Inc. Employee Stock Ownership Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar ESOP plans in North Dakota. Compare plans
Border States Industries, Inc.'s sponsor-wide assets have grown 24.4% since 2022 across 3 plan years on file. More Wholesale Trade plans

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 450275004.

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.