ESOP · DOL Form 5500 · 2022
Loftness Specialized Farm Equipment , Inc. ESOP
Data updated 2026-08-11
- $28M
- Total assets
- 66
- Participants
- 82nd
- Percentile by assets
- $422,804
- Avg per participant
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.
- 82nd percentile by assets (of 139,126 plans)
- #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.
- $28M
- total plan assets (2022 EOY)
- 66
- covered participants
- 82nd
- percentile by assets (of 139,126 plans)
- $422,804
- avg assets per participant
Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust vs the 2022 asset distribution
By assets, Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust outranks 82% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.3x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $16M |
|---|---|
| Net Assets (End of Year) | $27M |
| Net Income | $12M |
| Employer EIN | 411601295 |
| Plan Effective Date | 2019-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Loftness Specialized Farm Equipment , Inc.)
| 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
- Andersen Corporation Employee Stock Ownership Plan $647M · 9,416
- Hormel Foods Corporation Joint Earnings Profit Sharing Trust $486M · 4,373
- Kingdom Enterprises, Inc. Employee Stock Ownership Plan $400M · 801
- Force America Inc. Employee Stock Ownership Plan $333M · 359
- Polaris Inc. Employee Stock Ownership Plan $313M · 7,981
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust by total assets, not by location.
Frequently Asked Questions
How did Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust assets move in 2022? ▼
How have Loftness Specialized Farm Equipment , Inc. plan assets changed over time? ▼
Where does Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust rank by assets among Form 5500 filers? ▼
Which ESOP plans are similar in size to Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust? ▼
Next read for Loftness Specialized Farm Equipment, Inc…
Scale reading
Ways to act on Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust's numbers.
- By total assets, Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Minnesota. Compare plans
- Loftness Specialized Farm Equipment , Inc.'s sponsor-wide assets have declined 71.3% since 2022 across 3 plan years on file. More Agriculture, Forestry & Fishing plans