ESOP · DOL Form 5500 · 2022

Coles Salon, Inc. ESOP

Data updated 2026-08-25

$7M
Total assets Small plan by assets
231
Participants Below avg headcount
58th
Percentile by assets National rank
$31,076
Avg per participant Low balance/head
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Official DOL plan name: Cole's Employee Stock Ownership Plan & Trust Agreement · Sponsored by Coles Salon, Inc. · Minnesota · Other Services

$7M in assets, 231 participants

Coles Salon, Inc.'s Cole's Employee Stock Ownership Plan & Trust Agreement reported $7M in total assets and 231 participants in its 2022 DOL Form 5500 filing, ranking in the 58th 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.

  • #6,291 in Other Services (8,398 peers)

Coverage in Minnesota

Cole's Employee Stock Ownership Plan & Trust Agreement covers 231 participants in Minnesota, about 21% of the average Minnesota filer (state average ~1,126 per filing). Assets: $7M.

#6,291
in Other Services (8,398 peers)
-6.1%
assets change YoY

The plan reported a net loss of $465K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Cole's Employee Stock Ownership Plan & Trust Agreement's mid-pack asset rank among Other Services and all filers

Cole's Employee Stock Ownership Plan & Trust Agreement vs every filed plan by assets

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

$7,178,587 Top 42% higher than 58% 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

Cole's Employee Stock Ownership Plan & Trust Agreement among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Cole's Employee Stock Ownership Plan & Trust Agreement sits mid-pack in the medium band (231 participants).

EBSA filing schedule strip

Filing strip 411424867 · Coles Salon, Inc. PY 2022 · ESOP

Cole's Employee Stock Ownership Plan & Trust Agreement · $7M · 231 · 58th

  • IND $7M
  • EOY 231
  • 5500 58th
  • ASSETS ESOP
  • PCT near Germane Solutions Employee Stock Ownership Plan
  • EIN ind #6291

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 →

Cole's Employee Stock Ownership Plan & Trust Agreement in the asset neighbourhood

J.M. Grimstad, Inc. Employee Stock Ownership PlanJ.M. Grimstad, Inc. Employee…$7MCole's Employee Stock Ownership Plan & Trust AgreementCole's Employee Stock Owners…$7MGermane Solutions Employee Stock Ownership PlanGermane Solutions Employee S…$7MLumber Traders, Inc. Employee Stock Ownership Plan & TrustLumber Traders, Inc. Employe…$7MNobis Engineering, Inc. Employee Stock Ownership PlanNobis Engineering, Inc. Empl…$7M
End-of-year total assets ($M) among Cole's Employee Stock Ownership Plan & Trust Agreement and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$7M
Net Income-$465K
Employer EIN411424867
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Coles Salon, Inc.)

Sponsor-wide plan assets over time

All Coles Salon, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$57M 36.472768796276405% vs 2022
2024 filing year
$40M$45M$50M$55M$60M 202220232024 $41.8M $57.1M ▲ +36.5%
Year Plans Participants Total Assets
2022 2 511 $42M
2023 2 508 $50M
2024 2 612 $57M

Nearby ESOP Plans in Minnesota

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

Cole's Employee Stock Ownership Plan & Trust Agreement vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -50000500010000 -2000200400600800 Total assets ($M) Participants Cole's Employee Stock Ownership Plan & Trust Agreement, Total assets ($M): 7.178587 · Participants: 231Cole's Employee Stock Ownership Plan & Trust AgreementAndersen 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
Cole's Employee Stock Ownership Plan & Trust Agreement vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Cole's Employee Stock Ownership Plan & Trust Agreement side-by-side with 3 peers →

Cole's Employee Stock Ownership Plan & Trust Agreement's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is Germane Solutions Employee Stock Ownership Plan in OH ($7M); by covered participants it is Cohen Ventures, Inc. Dba Energy Solutions Employee Stock Ownership Plan in CA (231 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (231 participants); asset peers above are excluded.

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 Cole's Employee Stock Ownership Plan & Trust Agreement assets move in 2022? ▼
Cole's Employee Stock Ownership Plan & Trust Agreement pulled back noticeably - down 6.1% during 2022, from $8M to $7M. Reported net income was -$465K.
How have Coles Salon, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Coles Salon, Inc.'s sponsor-wide assets grew 36.5%, from $42M to $57M.
Which ESOP plans are similar in size to Cole's Employee Stock Ownership Plan & Trust Agreement? ▼
Among ESOP plans in other states, the closest by assets is Germane Solutions Employee Stock Ownership Plan in OH ($7M, 41 participants).
Which ESOP plans cover a similar participant headcount to Cole's Employee Stock Ownership Plan & Trust Agreement? ▼
Among ESOP plans in other states, the closest by covered participants is Cohen Ventures, Inc. Dba Energy Solutions Employee Stock Ownership Plan in CA (231 participants, $33M 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 411424867.

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.