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Original filing (PDF)20251001155900NAL0032029730001
BERGSTROM ELECTRIC, INC.
Form 5500
FILING_RECEIVED
BERGSTROM ELECTRIC, INC. ESOP
Defined-contribution retirement plan
Signals · 3
66% in single holding96% employer stockNo recordkeeper disclosed
Active participants
105
Accounts w/ balance
130
Plan assets (EOY)
$23.1M
Net assets (EOY)
$20.6M
How this plan invests
This plan
3 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
82
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
50
Total plan cost
75
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Bergstrom Electric, Inc. Common Stock 32,106.51 Allocated Plan Sponsor Stock" is 66% of plan.
- 96% of plan in employer / sponsor stock.
- No recordkeeper disclosed on Schedule C.
Helping the score
- No Schedule C compensation disclosed — likely a small plan or unbundled.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BERGSTROM ELECTRIC, INC..
Plan sponsor
Name
BERGSTROM ELECTRIC, INC.
EIN
45-0332406
Address
3100 NORTH WASHINGTON STREET · GRAND FORKS, ND · 58208
Phone
(701) 775-8897
Industry
Electrical Contractors· Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
002
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-01
Pension benefit codes
2I · Stock bonus
2P · Leveraged ESOP
2Q · S-corporation ESOP
3I · Requires investment in employer securities
Audit & trust (Schedule H)
Auditor
BRADY MARTS & ASSOCIATES, P.C.
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
No Schedule C providers reportedInvestments
3 direct securities· $23.1M(100% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Bergstrom Electric, Inc. Common Stock 32,106.51 Allocated Plan Sponsor Stock | — | — | $4.1M | $15.2M | 65.9% | |
| Bergstrom Electric, Inc. Common Stock 14,915.39 Unallocated Plan Sponsor Stock | — | — | $1.9M | $7.1M | 30.6% | |
| First International Money Manager - Principal 822,258 Allocated Money Market | — | — | $822K | $822K | 3.6% |
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