ESOP · DOL Form 5500 · 2023
Krofam, Inc. and Subsidiaries ESOP
Data updated 2026-08-25
- $3M
- Total assets Small plan by assets
- 57
- Participants Small participant base
- 35th
- Percentile by assets National rank
- $49,945
- Avg per participant Low balance/head
Official DOL plan name: Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust · Sponsored by Krofam, Inc. and Subsidiaries · South Dakota · Management of Enterprises
$3M in assets, 57 participants
Krofam, Inc. and Subsidiaries's Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust reported $3M in total assets and 57 participants in its 2023 DOL Form 5500 filing, ranking in the 35th 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.
- #232 in Management of Enterprises (1,137 peers)
Krofam, Inc. and Subsidiaries multi-year trail
Krofam, Inc. and Subsidiaries's plans moved -72.3% in assets from 2022 to 2024; this filing shows Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust at $3M / 57 participants.
- #232
- in Management of Enterprises (1,137 peers)
- -76.6%
- assets change YoY
The plan reported a net loss of $9M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust's mid-pack asset rank among Management of Enterprises and all filers
Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$2,846,851 35th percentile higher than 35% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust among smaller filed plans by headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust is a small filing (57 participants) on this national headcount ladder.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust reported net income fell from $881K in the plan year 2022 filing to -$9M in the plan year 2023 filing.
- Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust end-of-year assets fell from $12M in the plan year 2022 filing to $3M in the plan year 2023 filing.
- Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust reported participants fell from 59 in the plan year 2022 filing to 57 in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 460426369 · Krofam, Inc. and Subsidiaries PY 2023 · ESOP
Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust · $3M · 57 · 35th
- IND $3M
- IND 57
- IND 35th
- IND ESOP
- IND near The Lester Group, Inc Employee Stock Ownership Plan
- IND ind #232
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 →
Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust in the asset neighbourhood
Krofam, Inc. and Subsidiaries multi-year asset trail
Sponsor-wide plan assets over time
All Krofam, Inc. and Subsidiaries plans reported in each filing year
- Latest sponsor-wide plan assets
- $3M 72.25766948922279% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 59 | $12M |
| 2023 | 1 | 57 | $3M |
| 2024 | 1 | N/A | $3M |
Krofam, Inc. and Subsidiaries filing trail (2023)
| Total Assets (Beginning of Year) | $12M |
|---|---|
| Net Assets (End of Year) | $3M |
| Net Income | -$9M |
| Employer EIN | 460426369 |
| Plan Effective Date | 1985-04-01 |
| Filing Status | FILING RECEIVED |
Nearby ESOP Plans in South Dakota
Peer ESOP plans, same state, same plan type, ranked by total assets.
- Showplace Wood Products, Inc. Employee Stock Ownership Plan $99M · 506
- Fishback Financial Corporation Employee Stock Ownership Plan $52M · 713
- Bierschbach Equipment & Supply Co., Inc. Employee Stock Ownership Plan $44M · 83
- Re/Spec Inc. Employee Stock Ownership Plan $43M · 471
- The Ramkota Companies, Inc. Employee Stock Ownership Plan and Trust $39M · 112
Krofam, Inc. & Subsidiaries Employee Stock Ownership Plan & Trust's out-of-state ESOP peers by assets and headcount
Outside South Dakota, the nearest ESOP by assets is The Lester Group, Inc Employee Stock Ownership Plan in VA ($3M); by covered participants it is R-S-H Engineering, Inc. Employee Stock Ownership Plan in LA (57 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($3M here).
Similar participant headcount
Nearest other-state filings by covered participants (57 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.