ESOP · DOL Form 5500 · 2022

First Rate Excavate, Inc. ESOP

Data updated 2026-08-25

$7M
Total assets Small plan by assets
87
Participants Small participant base
57th
Percentile by assets National rank
$78,685
Avg per participant Below avg balance/head
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Official DOL plan name: First Rate Excavate Inc. Employee Stock Ownership Plan · Sponsored by First Rate Excavate, Inc. · South Dakota · Construction

$7M in assets, 87 participants

First Rate Excavate, Inc.'s First Rate Excavate Inc. Employee Stock Ownership Plan reported $7M in total assets and 87 participants in its 2022 DOL Form 5500 filing, ranking in the 57th 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.

  • #5,623 in Construction (9,927 peers)

2022 asset change

First Rate Excavate Inc. Employee Stock Ownership Plan pulled back noticeably 9.7% in 2022 ($8M → $7M) for 87 participants.

#5,623
in Construction (9,927 peers)
-9.7%
assets change YoY

The plan reported a net loss of $376K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

First Rate Excavate Inc. Employee Stock Ownership Plan's mid-pack asset rank among Construction and all filers

First Rate Excavate Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$6,845,608 Top 43% higher than 57% of 139,123 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 2022

First Rate Excavate Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Rate Excavate Inc. Employee Stock Ownership Plan is a small filing (87 participants) on this national headcount ladder.

Plan-year Form 5500 strip

Filing strip 460366927 · First Rate Excavate, Inc. PY 2022 · ESOP

First Rate Excavate Inc. Employee Stock Ownership Plan · $7M · 87 · 57th

  • RANK $7M
  • RANK 87
  • RANK 57th
  • RANK ESOP
  • RANK near Wilson-Mcshane Corporation Employee Stock Ownership Plan
  • RANK ind #5623

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 South Dakota →

First Rate Excavate Inc. Employee Stock Ownership Plan in the asset neighbourhood

Sacred Wind Employee Stock Ownership PlanSacred Wind Employee Stock O…$7MFirst Rate Excavate Inc. Employee Stock Ownership PlanFirst Rate Excavate Inc. Emp…$7MWilson-Mcshane Corporation Employee Stock Ownership PlanWilson-Mcshane Corporation E…$7MRubber Track Solutions, Inc. Employee Stock Ownership PlanRubber Track Solutions, Inc.…$7MLoesel-Schaaf Insurance Company, Inc. Employee Stock Ownership Plan & TrustLoesel-Schaaf Insurance Comp…$7M
End-of-year total assets ($M) among First Rate Excavate Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

First Rate Excavate, Inc. years around the 2022 move

Sponsor-wide plan assets over time

All First Rate Excavate, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$7M 0.1679032746251319% vs 2022
2024 filing year
$0M$10M$20M$30M$40M 202220232024 $6.85M $6.86M ▲ +0.1%
Year Plans Participants Total Assets
2022 1 87 $7M
2023 5 420 $31M
2024 1 97 $7M

2022 asset-move particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$3M
Net Income-$376K
Employer EIN460366927
Plan Effective Date2015-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in South Dakota

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

First Rate Excavate Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in South Dakota, assets vs. participants Scatter plot of 6 data points. 0200400600800 020406080100 Total assets ($M) Participants First Rate Excavate Inc. Employee Stock Ownership Plan, Total assets ($M): 6.845608 · Participants: 87First Rate Excavate Inc. Employee Stock Ownership PlanShowplace Wood Products, Inc. Employee Stock Ownership Plan, Total assets ($M): 91.413316 · Participants: 469Showplace Wood Products, Inc. Employee Stock Ownership PlanFishback Financial Corporation Employee Stock Ownership Plan, Total assets ($M): 54.922597 · Participants: 688Fishback Financial Corporation Employee Stock Ownership PlanBierschbach Equipment & Supply Co., Inc. Employee Stock Ownership Plan, Total assets ($M): 40.779726 · Participants: 82Bierschbach Equipment & Supply Co., Inc. Employee Stock Ownership PlanRe/Spec Inc. Employee Stock Ownership Plan, Total assets ($M): 39.31305 · Participants: 516Re/Spec Inc. Employee Stock Ownership PlanThe Ramkota Companies, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 36.356204 · Participants: 112The Ramkota Companies, Inc. Employee Stock Ownership Plan and Trust
First Rate Excavate Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in South Dakota, assets vs. participants
Compare First Rate Excavate Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

First Rate Excavate Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside South Dakota, the nearest ESOP by assets is Wilson-Mcshane Corporation Employee Stock Ownership Plan in MN ($7M); by covered participants it is Cross Keys Bank Employee Stock Ownership Plan in LA (87 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (87 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did First Rate Excavate Inc. Employee Stock Ownership Plan assets move in 2022? ▼
First Rate Excavate Inc. Employee Stock Ownership Plan pulled back noticeably - down 9.7% during 2022, from $8M to $7M. Reported net income was -$376K.
How have First Rate Excavate, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Rate Excavate, Inc.'s sponsor-wide assets grew 0.2%, from $7M to $7M.
Which ESOP plans are similar in size to First Rate Excavate Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Wilson-Mcshane Corporation Employee Stock Ownership Plan in MN ($7M, 183 participants).
Which ESOP plans cover a similar participant headcount to First Rate Excavate Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Cross Keys Bank Employee Stock Ownership Plan in LA (87 participants, $2M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 460366927.

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.