ESOP · DOL Form 5500 · 2023

Loftness Specialized Farm Equipment , Inc. ESOP

Data updated 2026-08-11

$18M
Total assets
61
Participants
70th
Percentile by assets
$290,831
Avg per participant
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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.

  • 70th percentile by assets (of 127,072 plans)
  • #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.

$18M
total plan assets (2023 EOY)
61
covered participants
70th
percentile by assets (of 127,072 plans)
$290,831
avg assets per participant

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.

Where Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust sits 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

This plan $0 $2,010,000,000 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

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.

See the national 2022→2023 release diff →

State
Minnesota
Industry
Agriculture, Forestry & Fishing

Loftness Specialized Farm Equipment , Inc. across 3 plan years on file

Across the 3 plan years Loftness Specialized Farm Equipment , Inc. has on file (2022-2024), sponsor-wide plan assets have moved from $28M to $8M, a decline of 71.3%, while reported participants moved from 66 to 60 (-9.1%). Peak year by sponsor assets: 2022 ($28M); trough: 2024 ($8M).

Loftness Specialized Farm Equipment , Inc. multi-year asset trail

$0M$10M$20M$30M 202220232024 $27.9M $8.01M ▼ -71.3%
Total plan assets by year, all Loftness Specialized Farm Equipment , Inc. plans on file
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 EIN411601295
Plan Effective Date2019-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Minnesota

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

Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -20002004006008001000 Total assets ($M) Participants Loftness Specialized…, Total assets ($M): 17.740683 · Participants: 61Loftness Specialized…Andersen Corporation…, Total assets ($M): 899.073238 · Participants: 11644Andersen Corporation…Kingdom Enterprises,…, Total assets ($M): 497.538965 · Participants: 789Kingdom Enterprises,…Landscape Structures…, Total assets ($M): 432.374379 · Participants: 446Landscape Structures…Hormel Foods Corpora…, Total assets ($M): 431.874919 · Participants: 4575Hormel Foods Corpora…Force America Inc. E…, Total assets ($M): 426.610266 · Participants: 412Force America Inc. E…
Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Loftness Specialized Farm Equipment, Inc… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust by total assets, not by location.

Frequently Asked Questions

How did Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust assets move in 2023? ▼
Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust contracted severely - down 36.4% during 2023, from $28M to $18M. Reported net income was -$10M.
How have Loftness Specialized Farm Equipment , Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Loftness Specialized Farm Equipment , Inc.'s sponsor-wide assets declined 71.3%, from $28M to $8M.
Which ESOP plans are similar in size to Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by assets is Recon Environmental Employee Stock Ownership Plan in CA ($18M, 75 participants).

Next read for Loftness Specialized Farm Equipment, Inc…

Multi-year trail

Ways to act on Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust's numbers.

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 411601295.

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.