ESOP · DOL Form 5500 · 2023

Salem Fabrication Technologies Group, Inc. ESOP

Data updated 2026-08-25

$26M
Total assets Below avg plan size
62
Participants Small participant base
77th
Percentile by assets National rank
$419,423
Avg per participant High balance/head
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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.

  • #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.

#4,773
in Wholesale Trade (6,309 peers)
+28.2%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan's outsized position by total assets

Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$26,004,205 Top 23% higher than 77% of 127,068 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 2023

Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan is a small filing (62 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • 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 →

Form 5500 schedule snapshot

Filing strip 561018012 · Salem Fabrication Technologies Group, Inc. PY 2023 · ESOP

Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan · $26M · 62 · 77th

  • IND $26M
  • IND 62
  • IND 77th
  • IND ESOP
  • IND near Mckay Nursery Employee Stock Ownership Plan
  • IND ind #4773

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 North Carolina →

Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Weddle Bros Construction Co., Inc. Employee Stock Ownership PlanWeddle Bros Construction Co.…$26MBuehler's Fresh Foods Employee Stock Ownership PlanBuehler's Fresh Foods Employ…$26MSalem Fabrication Technologies Group, Inc. Employee Stock Ownership PlanSalem Fabrication Technologi…$26MMckay Nursery Employee Stock Ownership PlanMckay Nursery Employee Stock…$26MKorellis Enterprises, Inc. Employee Stock Ownership PlanKorellis Enterprises, Inc. E…$26M
End-of-year total assets ($M) among Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$20M
Net Assets (End of Year)$21M
Net Income$5M
Employer EIN561018012
Plan Effective Date2000-01-01
Filing StatusFILING RECEIVED

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

Sponsor-wide plan assets over time

All Salem Fabrication Technologies Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$23M 11.103593331554244% vs 2022
2024 filing year
$18M$20M$22M$24M$26M$28M 202220232024 $20.3M $22.5M ▲ +11.1%
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 Scatter plot of 6 data points. -500050010001500 050100150200 Total assets ($M) Participants Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan, Total assets ($M): 26.004205 · Participants: 62Salem Fabrication Technologies Group, Inc. Employee Stock Ownership PlanColumbia Forest Products, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 181.705477 · Participants: 1330Columbia Forest Products, Inc. Employee Stock Ownership Plan and TrustEcmd, Inc. Employee Stock Ownership Plan, Total assets ($M): 131.739406 · Participants: 922Ecmd, Inc. Employee Stock Ownership PlanPrecision Walls, Inc. Employee Stock Ownership Plan, Total assets ($M): 111.490037 · Participants: 1028Precision Walls, Inc. Employee Stock Ownership PlanRobert E. Mason & Associates, Inc. Employee Stock Ownership Plan, Total assets ($M): 102.100516 · Participants: 273Robert E. Mason & Associates, Inc. Employee Stock Ownership PlanState Utility Contractors, Inc. Employee Stock Ownership Plan, Total assets ($M): 85.875992 · Participants: 144State Utility Contractors, Inc. Employee Stock Ownership Plan
Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants
Compare Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside North Carolina, the nearest ESOP by assets is Mckay Nursery Employee Stock Ownership Plan in WI ($26M); by covered participants it is Byrne Software Technologies Employee Stock Ownership Plan in MO (62 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (62 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

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).
Which ESOP plans cover a similar participant headcount to Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Byrne Software Technologies Employee Stock Ownership Plan in MO (62 participants, $385K in assets).

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.

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.