ESOP · DOL Form 5500 · 2023
Loftness Specialized Farm Equipment , Inc. ESOP
Data updated 2026-08-25
- $18M
- Total assets Small plan by assets
- 61
- Participants Small participant base
- 70th
- Percentile by assets National rank
- $290,831
- Avg per participant High balance/head
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
$18M in assets, 61 participants
Loftness Specialized Farm Equipment , Inc.'s Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust reported $18M in total assets and 61 participants in its 2023 DOL Form 5500 filing, ranking in the 70th 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.
- #996 in Agriculture, Forestry & Fishing (1,288 peers)
Loftness Specialized Farm Equipment , Inc. multi-year trail
Loftness Specialized Farm Equipment , Inc.'s plans moved -71.3% in assets from 2022 to 2024; this filing shows Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust at $18M / 61 participants.
- #996
- in Agriculture, Forestry & Fishing (1,288 peers)
- -36.4%
- assets change YoY
The plan reported a net loss of $10M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust's outsized position by total assets
Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$17,740,683 Top 30% higher than 70% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust among smaller filed plans by headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust is a small filing (61 participants) on this national headcount ladder.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust reported net income fell from $12M in the plan year 2022 filing to -$10M in the plan year 2023 filing.
- Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust end-of-year assets fell from $28M in the plan year 2022 filing to $18M in the plan year 2023 filing.
- Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust reported participants fell from 66 in the plan year 2022 filing to 61 in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 411601295 · Loftness Specialized Farm Equipment , Inc. PY 2023 · ESOP
Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust · $18M · 61 · 70th
- EOY $18M
- 5500 61
- ASSETS 70th
- PCT ESOP
- EIN near Recon Environmental Employee Stock Ownership Plan
- RANK ind #996
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 →
Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust in the asset neighbourhood
Loftness Specialized Farm Equipment , Inc. multi-year asset trail
Sponsor-wide plan assets over time
All Loftness Specialized Farm Equipment , Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $8M 71.29300500787761% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 66 | $28M |
| 2023 | 1 | 61 | $18M |
| 2024 | 1 | 60 | $8M |
Loftness Specialized Farm Equipment , Inc. filing trail (2023)
| Total Assets (Beginning of Year) | $28M |
|---|---|
| Net Assets (End of Year) | $17M |
| Net Income | -$10M |
| Employer EIN | 411601295 |
| Plan Effective Date | 2019-01-01 |
| Filing Status | FILING RECEIVED |
Nearby ESOP Plans in Minnesota
Peer ESOP plans, same state, same plan type, ranked by total assets.
- Andersen Corporation Employee Stock Ownership Plan $899M · 11,644
- Kingdom Enterprises, Inc. Employee Stock Ownership Plan $498M · 789
- Landscape Structures, Inc. Employee Stock Ownership Plan and Trust $432M · 446
- Hormel Foods Corporation Joint Earnings Profit Sharing Trust $432M · 4,575
- Force America Inc. Employee Stock Ownership Plan $427M · 412
Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust's out-of-state ESOP peers by assets and headcount
Outside Minnesota, the nearest ESOP by assets is Recon Environmental Employee Stock Ownership Plan in CA ($18M); by covered participants it is Employee Stock Ownership Plan for Employees of Perry Bancshares, Inc. in OK (61 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($18M here).
Similar participant headcount
Nearest other-state filings by covered participants (61 participants); asset peers above are excluded.
- Employee Stock Ownership Plan for Employees of Perry Bancshares, Inc. (OK) 61 · 0 off
- Advance Capital Group, Inc. Employee Stock Ownership Plan (MI) 61 · 0 off
- Bank of Sun Prairie Employee Stock Ownership Plan (WI) 61 · 0 off
- Columbus Chemical Industries, Inc. Employee Stock Ownership Plan (WI) 61 · 0 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.