ESOP · DOL Form 5500 · 2023

Coles Salon, Inc. ESOP

Data updated 2026-08-25

$8M
Total assets Small plan by assets
224
Participants Below avg headcount
53rd
Percentile by assets National rank
$33,994
Avg per participant Low balance/head
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Official DOL plan name: Cole's Employee Stock Ownership Plan & Trust Agreement · Sponsored by Coles Salon, Inc. · Minnesota · Other Services

$8M in assets, 224 participants

Coles Salon, Inc.'s Cole's Employee Stock Ownership Plan & Trust Agreement reported $8M in total assets and 224 participants in its 2023 DOL Form 5500 filing, ranking in the 53rd 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.

  • #5,674 in Other Services (7,857 peers)

Coverage in Minnesota

Cole's Employee Stock Ownership Plan & Trust Agreement covers 224 participants in Minnesota, about 20% of the average Minnesota filer (state average ~1,126 per filing). Assets: $8M.

#5,674
in Other Services (7,857 peers)
+6.1%
assets growth YoY

Cole's Employee Stock Ownership Plan & Trust Agreement's mid-pack asset rank among Other Services and all filers

Cole's Employee Stock Ownership Plan & Trust Agreement vs every filed plan by assets

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

$7,614,682 Top 47% higher than 53% 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

Cole's Employee Stock Ownership Plan & Trust Agreement among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Cole's Employee Stock Ownership Plan & Trust Agreement sits mid-pack in the medium band (224 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Cole's Employee Stock Ownership Plan & Trust Agreement reported net income rose from -$465K in the plan year 2022 filing to $436K in the plan year 2023 filing.
  • Cole's Employee Stock Ownership Plan & Trust Agreement end-of-year assets rose from $7M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Cole's Employee Stock Ownership Plan & Trust Agreement reported participants fell from 231 in the plan year 2022 filing to 224 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 411424867 · Coles Salon, Inc. PY 2023 · ESOP

Cole's Employee Stock Ownership Plan & Trust Agreement · $8M · 224 · 53rd

  • NET $8M
  • BOOK 224
  • VS-ST 53rd
  • BOY ESOP
  • SCH near Chandler Asset Management, Inc. Employee Stock Ownership Plan and Trust
  • EBSA ind #5674

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 →

Cole's Employee Stock Ownership Plan & Trust Agreement in the asset neighbourhood

Martin Painting & Coating Company Employee Stock Ownership PlanMartin Painting & Coating Co…$8MStock Ownership Plan & Trust of Stone & Ward Inc.Stock Ownership Plan & Trust…$8MCole's Employee Stock Ownership Plan & Trust AgreementCole's Employee Stock Owners…$8MChandler Asset Management, Inc. Employee Stock Ownership Plan and TrustChandler Asset Management, I…$8MThe Sherman Engineering Company Employee Stock Ownership PlanThe Sherman Engineering Comp…$8M
End-of-year total assets ($M) among Cole's Employee Stock Ownership Plan & Trust Agreement and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$8M
Net Income$436K
Employer EIN411424867
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Coles Salon, Inc.)

Sponsor-wide plan assets over time

All Coles Salon, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$57M 36.472768796276405% vs 2022
2024 filing year
$40M$45M$50M$55M$60M 202220232024 $41.8M $57.1M ▲ +36.5%
Year Plans Participants Total Assets
2022 2 511 $42M
2023 2 508 $50M
2024 2 612 $57M

Nearby ESOP Plans in Minnesota

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

Cole's Employee Stock Ownership Plan & Trust Agreement vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -20002004006008001000 Total assets ($M) Participants Cole's Employee Stock Ownership Plan & Trust Agreement, Total assets ($M): 7.614682 · Participants: 224Cole's Employee Stock Ownership Plan & Trust AgreementAndersen Corporation Employee Stock Ownership Plan, Total assets ($M): 899.073238 · Participants: 11644Andersen Corporation Employee Stock Ownership PlanKingdom Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 497.538965 · Participants: 789Kingdom Enterprises, Inc. Employee Stock Ownership PlanLandscape Structures, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 432.374379 · Participants: 446Landscape Structures, Inc. Employee Stock Ownership Plan and TrustHormel Foods Corporation Joint Earnings Profit Sharing Trust, Total assets ($M): 431.874919 · Participants: 4575Hormel Foods Corporation Joint Earnings Profit Sharing TrustForce America Inc. Employee Stock Ownership Plan, Total assets ($M): 426.610266 · Participants: 412Force America Inc. Employee Stock Ownership Plan
Cole's Employee Stock Ownership Plan & Trust Agreement vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Cole's Employee Stock Ownership Plan & Trust Agreement side-by-side with 3 peers →

Cole's Employee Stock Ownership Plan & Trust Agreement's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is Chandler Asset Management, Inc. Employee Stock Ownership Plan and Trust in CA ($8M); by covered participants it is Harkins Builders, Inc. Employee Stock Ownership Plan in MD (224 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (224 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 Cole's Employee Stock Ownership Plan & Trust Agreement assets move in 2023? ▼
Cole's Employee Stock Ownership Plan & Trust Agreement grew at a solid clip - up 6.1% during 2023, from $7M to $8M. Reported net income was $436K.
How have Coles Salon, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Coles Salon, Inc.'s sponsor-wide assets grew 36.5%, from $42M to $57M.
Which ESOP plans are similar in size to Cole's Employee Stock Ownership Plan & Trust Agreement? ▼
Among ESOP plans in other states, the closest by assets is Chandler Asset Management, Inc. Employee Stock Ownership Plan and Trust in CA ($8M, 30 participants).
Which ESOP plans cover a similar participant headcount to Cole's Employee Stock Ownership Plan & Trust Agreement? ▼
Among ESOP plans in other states, the closest by covered participants is Harkins Builders, Inc. Employee Stock Ownership Plan in MD (224 participants, $120M 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 411424867.

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.