ESOP · DOL Form 5500 · 2023

First Rate Excavate, Inc. ESOP

Data updated 2026-08-11

$6M
Total assets
81
Participants
47th
Percentile by assets
$70,697
Avg per participant
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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

$6M in assets, 81 participants

First Rate Excavate, Inc.'s First Rate Excavate Inc. Employee Stock Ownership Plan reported $6M in total assets and 81 participants in its 2023 DOL Form 5500 filing, ranking in the 47th 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.

  • 47th percentile by assets (of 127,072 plans)
  • #4,075 in Construction (9,030 peers)

What the 2023 filing shows

First Rate Excavate Inc. Employee Stock Ownership Plan holds $6M for 81 participants - about $70,697 per participant, in the lower half of filed plans by assets.

$6M
total plan assets (2023 EOY)
81
covered participants
47th
percentile by assets (of 127,072 plans)
$70,697
avg assets per participant

Where First Rate Excavate Inc. Employee Stock Ownership Plan sits by total assets

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

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

$5,726,437 47th percentile higher than 47% 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

  • First Rate Excavate Inc. Employee Stock Ownership Plan reported net income rose from -$376K in the plan year 2022 filing to $568K in the plan year 2023 filing.
  • First Rate Excavate Inc. Employee Stock Ownership Plan end-of-year assets fell from $7M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • First Rate Excavate Inc. Employee Stock Ownership Plan reported participants fell from 87 in the plan year 2022 filing to 81 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
South Dakota
Industry
Construction

ESOP filing for First Rate Excavate Inc. Employee Stock Ownership Plan

ESOP filing for plan year 2023: EIN 460366927 ; effective since 2015-01-01 ; filing status FILING RECEIVED. Verify the certified figures on DOL EFAST2.

Filing particulars (2023)

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$1M
Net Income$568K
Employer EIN460366927
Plan Effective Date2015-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Rate Excavate, Inc.)

$0M$10M$20M$30M$40M 202220232024 $6.85M $6.86M ▲ +0.1%
Total plan assets by year, all First Rate Excavate, Inc. plans on file
Year Plans Participants Total Assets
2022 1 87 $7M
2023 5 420 $31M
2024 1 97 $7M

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 050100150 Total assets ($M) Participants First Rate Excavate …, Total assets ($M): 5.726437 · Participants: 81First Rate Excavate …Showplace Wood Produ…, Total assets ($M): 99.050363 · Participants: 506Showplace Wood Produ…Fishback Financial C…, Total assets ($M): 51.743144 · Participants: 713Fishback Financial C…Bierschbach Equipmen…, Total assets ($M): 44.406334 · Participants: 83Bierschbach Equipmen…Re/Spec Inc. Employe…, Total assets ($M): 43.108665 · Participants: 471Re/Spec Inc. Employe…The Ramkota Companie…, Total assets ($M): 38.747989 · Participants: 112The Ramkota Companie…
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 … side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to First Rate Excavate Inc. Employee Stock Ownership Plan by total assets, not by location.

Frequently Asked Questions

How did First Rate Excavate Inc. Employee Stock Ownership Plan assets move in 2023? ▼
First Rate Excavate Inc. Employee Stock Ownership Plan edged up modestly - up 4.2% during 2023, from $5M to $6M. Reported net income was $568K.
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 First Savings Bank Employee Stock Ownership Plan in IN ($6M, 74 participants).

Next read for First Rate Excavate Inc. Employee Stock …

Filing takeaways

Ways to act on First Rate Excavate Inc. Employee Stock Ownership Plan's numbers.

  • By total assets, First Rate Excavate Inc. Employee Stock Ownership Plan ranks in the lower half of filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar ESOP plans in South Dakota. Compare plans
  • First Rate Excavate, Inc.'s sponsor-wide assets have grown 0.2% since 2022 across 3 plan years on file. More Construction plans

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 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.