ESOP · DOL Form 5500 · 2023

First Rate Excavate, Inc. ESOP

Data updated 2026-08-25

$5M
Total assets Small plan by assets
82
Participants Small participant base
46th
Percentile by assets National rank
$67,029
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

$5M in assets, 82 participants

First Rate Excavate, Inc.'s First Rate Excavate Inc. Employee Stock Ownership Plan reported $5M in total assets and 82 participants in its 2023 DOL Form 5500 filing, ranking in the 46th 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.

  • #4,008 in Construction (9,030 peers)

What the 2023 filing shows

First Rate Excavate Inc. Employee Stock Ownership Plan holds $5M for 82 participants - about $67,029 per participant, in the lower half of filed plans by assets.

#4,008
in Construction (9,030 peers)
+0.2%
assets growth YoY

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 2023 · DOL Form 5500

$5,496,388 46th percentile higher than 46% 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

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

Plan-year 2023 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 (82 participants) on this national headcount ladder.

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 $343K 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 $5M 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 82 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 460366927 · First Rate Excavate, Inc. PY 2023 · ESOP

First Rate Excavate Inc. Employee Stock Ownership Plan · $5M · 82 · 46th

  • RANK $5M
  • PHOTO 82
  • IND 46th
  • EOY ESOP
  • 5500 near Heartland Companies, Inc. Employee Stock Ownership Plan
  • ASSETS ind #4008

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

First Rate Excavate Inc. Employee Stock Ownership PlanFirst Rate Excavate Inc. Emp…$5MHeartland Companies, Inc. Employee Stock Ownership PlanHeartland Companies, Inc. Em…$5MCentral Penn, Inc. Employee Stock Ownership PlanCentral Penn, Inc. Employee …$5MStudio Moulding, Inc. Employee Stock Ownership PlanStudio Moulding, Inc. Employ…$5MGoody, Clancy & Associates Employee Stock Ownership PlanGoody, Clancy & Associates E…$5M
End-of-year total assets ($M) among First Rate Excavate Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Filing particulars (2023)

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$554K
Net Income$343K
Employer EIN460366927
Plan Effective Date2015-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Rate Excavate, Inc.)

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

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 ($M) Participants First Rate Excavate Inc. Employee Stock Ownership Plan, Total assets ($M): 5.496388 · Participants: 82First Rate Excavate Inc. Employee Stock Ownership PlanShowplace Wood Products, Inc. Employee Stock Ownership Plan, Total assets ($M): 99.050363 · Participants: 506Showplace Wood Products, Inc. Employee Stock Ownership PlanFishback Financial Corporation Employee Stock Ownership Plan, Total assets ($M): 51.743144 · Participants: 713Fishback Financial Corporation Employee Stock Ownership PlanBierschbach Equipment & Supply Co., Inc. Employee Stock Ownership Plan, Total assets ($M): 44.406334 · Participants: 83Bierschbach Equipment & Supply Co., Inc. Employee Stock Ownership PlanRe/Spec Inc. Employee Stock Ownership Plan, Total assets ($M): 43.108665 · Participants: 471Re/Spec Inc. Employee Stock Ownership PlanThe Ramkota Companies, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 38.747989 · 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 Heartland Companies, Inc. Employee Stock Ownership Plan in IA ($5M); by covered participants it is Lovewell Fencing, Inc. Employee Stock Ownership Plan in IA (82 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (82 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 First Rate Excavate Inc. Employee Stock Ownership Plan assets move in 2023? ▼
First Rate Excavate Inc. Employee Stock Ownership Plan held essentially flat - up 0.2% during 2023, from $5M to $5M. Reported net income was $343K.
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 Heartland Companies, Inc. Employee Stock Ownership Plan in IA ($5M, 35 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 Lovewell Fencing, Inc. Employee Stock Ownership Plan in IA (82 participants, $6M 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 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.