ESOP · DOL Form 5500 · 2022

Loftness Specialized Farm Equipment , Inc. ESOP

Data updated 2026-08-25

$28M
Total assets Below avg plan size
66
Participants Small participant base
82nd
Percentile by assets National rank
$422,804
Avg per participant High balance/head
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Official DOL plan name: Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust · Sponsored by Loftness Specialized Farm Equipment , Inc. · Minnesota · Agriculture, Forestry & Fishing

$28M in assets, 66 participants

Loftness Specialized Farm Equipment , Inc.'s Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust reported $28M in total assets and 66 participants in its 2022 DOL Form 5500 filing, ranking in the 82nd 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.

  • #1,353 in Agriculture, Forestry & Fishing (1,523 peers)

Where Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust sits by assets

Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust sits in the top quartile of all filed plans by assets, $28M for 66 participants (~$422,804/participant), up 70.4% in 2022.

#1,353
in Agriculture, Forestry & Fishing (1,523 peers)
+70.4%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust's outsized position by total assets

Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$27,905,035 Top 18% higher than 82% of 139,123 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 2022

Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust is a small filing (66 participants) on this national headcount ladder.

EBSA filing schedule strip

Filing strip 411601295 · Loftness Specialized Farm Equipment , Inc. PY 2022 · ESOP

Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust · $28M · 66 · 82nd

  • 5500 $28M
  • ASSETS 66
  • PCT 82nd
  • EIN ESOP
  • RANK near Champion Site Prep, Inc. Employee Stock Ownership Plan
  • PHOTO ind #1353

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 →

Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust in the asset neighbourhood

Colonial Group, Inc. Employee Stock Ownership PlanColonial Group, Inc. Employe…$28MB&g Industries, Ltd. Employee Stock Ownership PlanB&g Industries, Ltd. Employe…$28MLoftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and TrustLoftness Specialized Farm Eq…$28MChampion Site Prep, Inc. Employee Stock Ownership PlanChampion Site Prep, Inc. Emp…$28MCentrifugal Castings, Inc. Employees' Stock Ownership PlanCentrifugal Castings, Inc. E…$28M
End-of-year total assets ($M) among Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$16M
Net Assets (End of Year)$27M
Net Income$12M
Employer EIN411601295
Plan Effective Date2019-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Loftness Specialized Farm Equipment , Inc.)

Sponsor-wide plan assets over time

All Loftness Specialized Farm Equipment , Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$8M 71.29300500787761% vs 2022
2024 filing year
$0M$10M$20M$30M 202220232024 $27.9M $8.01M ▼ -71.3%
Year Plans Participants Total Assets
2022 1 66 $28M
2023 1 61 $18M
2024 1 60 $8M

Nearby ESOP Plans in Minnesota

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

Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -50000500010000 -2000200400600800 Total assets ($M) Participants Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 27.905035 · Participants: 66Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and TrustAndersen Corporation Employee Stock Ownership Plan, Total assets ($M): 646.711049 · Participants: 9416Andersen Corporation Employee Stock Ownership PlanHormel Foods Corporation Joint Earnings Profit Sharing Trust, Total assets ($M): 486.260676 · Participants: 4373Hormel Foods Corporation Joint Earnings Profit Sharing TrustKingdom Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 399.591486 · Participants: 801Kingdom Enterprises, Inc. Employee Stock Ownership PlanForce America Inc. Employee Stock Ownership Plan, Total assets ($M): 332.65286 · Participants: 359Force America Inc. Employee Stock Ownership PlanPolaris Inc. Employee Stock Ownership Plan, Total assets ($M): 313.049552 · Participants: 7981Polaris Inc. Employee Stock Ownership Plan
Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust side-by-side with 3 peers →

Loftness Specialized Farm Equipment, 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 Champion Site Prep, Inc. Employee Stock Ownership Plan in TX ($28M); by covered participants it is Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan in NC (66 participants). Same-state nearby plans are listed separately above.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust assets move in 2022? ▼
Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust surged - up 70.4% during 2022, from $16M to $28M. Reported net income was $12M.
How have Loftness Specialized Farm Equipment , Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Loftness Specialized Farm Equipment , Inc.'s sponsor-wide assets declined 71.3%, from $28M to $8M.
Where does Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust rank by assets among Form 5500 filers? ▼
Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust ranks in the 82nd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by assets is Champion Site Prep, Inc. Employee Stock Ownership Plan in TX ($28M, 128 participants).
Which ESOP plans cover a similar participant headcount to Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by covered participants is Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan in NC (66 participants, $20M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 411601295.

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.