ESOP · DOL Form 5500 · 2022

Krofam, Inc. and Subsidiaries ESOP

Data updated 2026-08-25

$12M
Total assets Small plan by assets
59
Participants Small participant base
69th
Percentile by assets National rank
$206,476
Avg per participant Above avg balance/head
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Official DOL plan name: Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust · Sponsored by Krofam, Inc. and Subsidiaries · South Dakota · Management of Enterprises

$12M in assets, 59 participants

Krofam, Inc. and Subsidiaries's Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust reported $12M in total assets and 59 participants in its 2022 DOL Form 5500 filing, ranking in the 69th 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.

  • #572 in Management of Enterprises (1,193 peers)

Management of Enterprises sector rank

Within Management of Enterprises, Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust ranks #572 of 1,193 2022 filers by assets (2918% of the sector average)-$12M for 59 participants.

#572
in Management of Enterprises (1,193 peers)
+7.8%
assets growth YoY

Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust's outsized position by total assets

Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust vs every filed plan by assets

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

$12,182,102 Top 31% higher than 69% 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

Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & 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. Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust is a small filing (59 participants) on this national headcount ladder.

EBSA filing schedule strip

Filing strip 460426369 · Krofam, Inc. and Subsidiaries PY 2022 · ESOP

Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust · $12M · 59 · 69th

  • IND $12M
  • EOY 59
  • 5500 69th
  • ASSETS ESOP
  • PCT near First National Bank of Eastern Arkansas Employee Stock Ownership Plan
  • EIN ind #572

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 South Dakota →

Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust in the asset neighbourhood

Weighing Technologies, Inc. ESOPWeighing Technologies, Inc. …$12MKrofam, Inc. & Subsidiaries Employee Stock Ownership Plan & TrustKrofam, Inc. & Subsidiaries …$12MFirst National Bank of Eastern Arkansas Employee Stock Ownership PlanFirst National Bank of Easte…$12MImmediate Health Employee Stock Ownership PlanImmediate Health Employee St…$12MAirco Mechanical, Inc. Stock Bonus Employee Stock Ownership PlanAirco Mechanical, Inc. Stock…$12M
End-of-year total assets ($M) among Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Management of Enterprises filing particulars

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$12M
Net Income$881K
Employer EIN460426369
Plan Effective Date1985-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Krofam, Inc. and Subsidiaries)

Sponsor-wide plan assets over time

All Krofam, Inc. and Subsidiaries plans reported in each filing year

Latest sponsor-wide plan assets
$3M 72.25766948922279% vs 2022
2024 filing year
$0M$5M$10M$15M 202220232024 $12.2M $3.38M ▼ -72.2%
Year Plans Participants Total Assets
2022 1 59 $12M
2023 1 57 $3M
2024 1 N/A $3M

Nearby ESOP Plans in South Dakota

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

Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust vs. nearby ESOP plans in South Dakota, assets vs. participants Scatter plot of 6 data points. 0200400600800 020406080100 Total assets ($M) Participants Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust, Total assets ($M): 12.182102 · Participants: 59Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & TrustShowplace Wood Products, Inc. Employee Stock Ownership Plan, Total assets ($M): 91.413316 · Participants: 469Showplace Wood Products, Inc. Employee Stock Ownership PlanFishback Financial Corporation Employee Stock Ownership Plan, Total assets ($M): 54.922597 · Participants: 688Fishback Financial Corporation Employee Stock Ownership PlanBierschbach Equipment & Supply Co., Inc. Employee Stock Ownership Plan, Total assets ($M): 40.779726 · Participants: 82Bierschbach Equipment & Supply Co., Inc. Employee Stock Ownership PlanRe/Spec Inc. Employee Stock Ownership Plan, Total assets ($M): 39.31305 · Participants: 516Re/Spec Inc. Employee Stock Ownership PlanThe Ramkota Companies, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 36.356204 · Participants: 112The Ramkota Companies, Inc. Employee Stock Ownership Plan and Trust
Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust vs. nearby ESOP plans in South Dakota, assets vs. participants
Compare Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust side-by-side with 3 peers →

Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust's out-of-state ESOP peers by assets and headcount

Outside South Dakota, the nearest ESOP by assets is First National Bank of Eastern Arkansas Employee Stock Ownership Plan in AR ($12M); by covered participants it is Transmarine Navigation Corporation Profit Sharing Plan in CA (59 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (59 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 Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust assets move in 2022? ▼
Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust grew at a solid clip - up 7.8% during 2022, from $11M to $12M. Reported net income was $881K.
How have Krofam, Inc. and Subsidiaries plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Krofam, Inc. and Subsidiaries's sponsor-wide assets declined 72.3%, from $12M to $3M.
Which ESOP plans are similar in size to Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust? ▼
Among ESOP plans in other states, the closest by assets is First National Bank of Eastern Arkansas Employee Stock Ownership Plan in AR ($12M, 110 participants).
Which ESOP plans cover a similar participant headcount to Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust? ▼
Among ESOP plans in other states, the closest by covered participants is Transmarine Navigation Corporation Profit Sharing Plan in CA (59 participants, $11M 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 460426369.

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.