ESOP · DOL Form 5500 · 2023

Salem Fabrication Technologies Group, Inc. ESOP

Data updated 2026-08-11

$26M
Total assets: 62
Participants: 77th
Percentile by assets: $419,423
Avg per participant

Official DOL plan name: Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan · Sponsored by Salem Fabrication Technologies Group, Inc. · North Carolina · Wholesale Trade

$26M in assets, 62 participants

Salem Fabrication Technologies Group, Inc.'s Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan reported $26M in total assets and 62 participants in its 2023 DOL Form 5500 filing, ranking in the 77th 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.

77th percentile by assets (of 127,072 plans)
#4,773 in Wholesale Trade (6,309 peers)

Where Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan sits by assets

Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $26M for 62 participants (~$419,423/participant), up 28.2% in 2023.

$26M
total plan assets (2023 EOY): 62
covered participants: 77th
percentile by assets (of 127,072 plans): $419,423
avg assets per participant

Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan reported net income rose from $3M in the plan year 2022 filing to $5M in the plan year 2023 filing.
Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan end-of-year assets rose from $20M in the plan year 2022 filing to $26M in the plan year 2023 filing.
Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan reported participants fell from 66 in the plan year 2022 filing to 62 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

North Carolina

Industry

Wholesale Trade

Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan vs the 2023 asset distribution

By assets, Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan outranks 77% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.3x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$20M
Net Assets (End of Year)	$21M
Net Income	$5M
Employer EIN	561018012
Plan Effective Date	2000-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Salem Fabrication Technologies Group, Inc.)

Total plan assets by year, all Salem Fabrication Technologies Group, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	1	66	$20M
2023	1	62	$26M
2024	1	65	$23M

Nearby ESOP Plans in North Carolina

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

Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants

Columbia Forest Products, Inc. Employee Stock Ownership Plan and Trust $182M · 1,330
Ecmd, Inc. Employee Stock Ownership Plan $132M · 922
Precision Walls, Inc. Employee Stock Ownership Plan $111M · 1,028
Robert E. Mason & Associates, Inc. Employee Stock Ownership Plan $102M · 273
State Utility Contractors, Inc. Employee Stock Ownership Plan $86M · 144

Compare Salem Fabrication Technologies Group, In… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan by total assets, not by location.

Mckay Nursery Employee Stock Ownership Plan (WI) $26M · 99
Buehler's Fresh Foods Employee Stock Ownership Plan (OH) $26M · 1,631
Korellis Enterprises, Inc. Employee Stock Ownership Plan (IN) $26M · 29
Weddle Bros Construction Co., Inc. Employee Stock Ownership Plan (IN) $26M · 88

Frequently Asked Questions

How did Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan assets move in 2023? ▼

Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan grew sharply - up 28.2% during 2023, from $20M to $26M. Reported net income was $5M.

How have Salem Fabrication Technologies Group, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Salem Fabrication Technologies Group, Inc.'s sponsor-wide assets grew 11.1%, from $20M to $23M.

Where does Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼

Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan ranks in the 77th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).

Which ESOP plans are similar in size to Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan? ▼

Among ESOP plans in other states, the closest by assets is Mckay Nursery Employee Stock Ownership Plan in WI ($26M, 99 participants).

Next read for Salem Fabrication Technologies Group, In…

Scale reading

Ways to act on Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan's numbers.

By total assets, Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan 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 North Carolina. Compare plans
Salem Fabrication Technologies Group, Inc.'s sponsor-wide assets have grown 11.1% since 2022 across 3 plan years on file. More Wholesale Trade plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 561018012.