ESOP · DOL Form 5500 · 2024

North States Industries, Inc. ESOP

Data updated 2026-08-25

$20M
Total assets Small plan by assets
100
Participants Small participant base
71st
Percentile by assets National rank
$203,835
Avg per participant Above avg balance/head
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Official DOL plan name: North States Industries, Inc. Employee Stock Ownership Plan · Sponsored by North States Industries, Inc. · Minnesota · Manufacturing

$20M in assets, 100 participants

North States Industries, Inc.'s North States Industries, Inc. Employee Stock Ownership Plan reported $20M in total assets and 100 participants in its 2024 DOL Form 5500 filing, ranking in the 71st 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.

  • #10,707 in Manufacturing (17,777 peers)

Coverage in Minnesota

North States Industries, Inc. Employee Stock Ownership Plan covers 100 participants in Minnesota, about 9% of the average Minnesota filer (state average ~1,126 per filing). Assets: $20M.

#10,707
in Manufacturing (17,777 peers)
-13.9%
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.

North States Industries, Inc. Employee Stock Ownership Plan's outsized position by total assets

North States Industries, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$20,383,505 Top 29% higher than 71% 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

North States Industries, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. North States Industries, Inc. Employee Stock Ownership Plan is a small filing (100 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • North States Industries, Inc. Employee Stock Ownership Plan reported net income rose from -$4M in the plan year 2023 filing to -$3M in the plan year 2024 filing.
  • North States Industries, Inc. Employee Stock Ownership Plan end-of-year assets fell from $24M in the plan year 2023 filing to $20M in the plan year 2024 filing.
  • North States Industries, Inc. Employee Stock Ownership Plan reported participants fell from 114 in the plan year 2023 filing to 100 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 410739037 · North States Industries, Inc. PY 2024 · ESOP

North States Industries, Inc. Employee Stock Ownership Plan · $20M · 100 · 71st

  • NET $20M
  • NET 100
  • NET 71st
  • NET ESOP
  • NET near Mercer Capital Management, Inc. Employee Stock Ownership Plan
  • NET ind #10707

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 →

North States Industries, Inc. Employee Stock Ownership Plan in the asset neighbourhood

488 Performance Group, Inc. Employee Stock Ownership Plan488 Performance Group, Inc. …$20MValhalla Holdings, Inc. Employee Stock Ownership Plan and TrustValhalla Holdings, Inc. Empl…$20MNorth States Industries, Inc. Employee Stock Ownership PlanNorth States Industries, Inc…$20MMercer Capital Management, Inc. Employee Stock Ownership PlanMercer Capital Management, I…$20MEnroute Computer Solutions ESOPEnroute Computer Solutions E…$20M
End-of-year total assets ($M) among North States Industries, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$24M
Net Assets (End of Year)$17M
Net Income-$3M
Employer EIN410739037
Plan Effective Date1993-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (North States Industries, Inc.)

Sponsor-wide plan assets over time

All North States Industries, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$20M 33.203316294696926% vs 2022
2024 filing year
$15M$20M$25M$30M$35M 202220232024 $30.5M $20.4M ▼ -33.2%
Year Plans Participants Total Assets
2022 2 269 $31M
2023 1 114 $24M
2024 1 100 $20M

Nearby ESOP Plans in Minnesota

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

North States Industries, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -500050010001500 Total assets ($M) Participants North States Industries, Inc. Employee Stock Ownership Plan, Total assets ($M): 20.383505 · Participants: 100North States Industries, 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
North States Industries, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare North States Industries, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

North States Industries, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is Mercer Capital Management, Inc. Employee Stock Ownership Plan in TN ($20M); by covered participants it is C & C Manufacturing, Inc. Employee Stock Ownership Plan in IN (100 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (100 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 North States Industries, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
North States Industries, Inc. Employee Stock Ownership Plan pulled back noticeably - down 13.9% during 2024, from $24M to $20M. Reported net income was -$3M.
How have North States Industries, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), North States Industries, Inc.'s sponsor-wide assets declined 33.2%, from $31M to $20M.
Which ESOP plans are similar in size to North States Industries, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Mercer Capital Management, Inc. Employee Stock Ownership Plan in TN ($20M, 45 participants).
Which ESOP plans cover a similar participant headcount to North States Industries, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is C & C Manufacturing, Inc. Employee Stock Ownership Plan in IN (100 participants, $4M 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 410739037.

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.