ESOP · DOL Form 5500 · 2023

Smart Information Flow Technologies Holdings, Inc. ESOP

Data updated 2026-08-25

$80K
Total assets Small plan by assets
42
Participants Small participant base
5th
Percentile by assets National rank
$1,905
Avg per participant Low balance/head
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Official DOL plan name: Sift Employee Stock Ownership Plan · Sponsored by Smart Information Flow Technologies Holdings, Inc. · Minnesota · Professional & Technical Services

$80K in assets, 42 participants

Smart Information Flow Technologies Holdings, Inc.'s Sift Employee Stock Ownership Plan reported $80K in total assets and 42 participants in its 2023 DOL Form 5500 filing, ranking in the 5th 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.

  • #945 in Professional & Technical Services (20,321 peers)

Smart Information Flow Technologies Holdings, Inc. multi-year trail

Smart Information Flow Technologies Holdings, Inc.'s plans moved +74.4% in assets from 2022 to 2024; this filing shows Sift Employee Stock Ownership Plan at $80K / 42 participants.

#945
in Professional & Technical Services (20,321 peers)
+23.1%
assets growth YoY

Sift Employee Stock Ownership Plan among the smaller filed plans by assets

Sift Employee Stock Ownership Plan vs every filed plan by assets

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

$80,000 5th percentile higher than 5% 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

Sift 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. Sift Employee Stock Ownership Plan is a small filing (42 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sift Employee Stock Ownership Plan reported net income rose from -$9M in the plan year 2022 filing to $220K in the plan year 2023 filing.
  • Sift Employee Stock Ownership Plan end-of-year assets rose from $65K in the plan year 2022 filing to $80K in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 882939531 · Smart Information Flow Technologies Holdings, Inc. PY 2023 · ESOP

Sift Employee Stock Ownership Plan · $80K · 42 · 5th

  • TYPE $80K
  • TYPE 42
  • TYPE 5th
  • TYPE ESOP
  • TYPE near George Mcelroy & Assocates, Inc. ESOP
  • TYPE ind #945

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 →

Sift Employee Stock Ownership Plan in the asset neighbourhood

Sift Employee Stock Ownership PlanSift Employee Stock Ownershi…$80KGeorge Mcelroy & Assocates, Inc. ESOPGeorge Mcelroy & Assocates, …$80KRmps Administrative Services, Inc., Employee Stock Ownership PlanRmps Administrative Services…$79KSecure Investing Partners LLC ESOP PlanSecure Investing Partners LL…$81KMeeco, Inc. Employee Stock Ownership PlanMeeco, Inc. Employee Stock O…$81K
End-of-year total assets ($M) among Sift Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Smart Information Flow Technologies Holdings, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Smart Information Flow Technologies Holdings, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$113K 74.42769230769231% vs 2022
2024 filing year
$0.06M$0.08M$0.1M$0.12M 202220232024 $0.07M $0.11M ▲ +57.1%
Year Plans Participants Total Assets
2022 1 42 $65K
2023 1 42 $80K
2024 1 35 $113K

Smart Information Flow Technologies Holdings, Inc. filing trail (2023)

Total Assets (Beginning of Year)$65K
Net Assets (End of Year)-$9M
Net Income$220K
Employer EIN882939531
Plan Effective Date2021-07-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Minnesota

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

Sift Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -20002004006008001000 Total assets ($M) Participants Sift Employee Stock Ownership Plan, Total assets ($M): 0.08 · Participants: 42Sift Employee Stock Ownership PlanAndersen 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
Sift Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Sift Employee Stock Ownership Plan side-by-side with 3 peers →

Sift Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is George Mcelroy & Assocates, Inc. ESOP in TX ($80K); by covered participants it is E.V.S. Ltd. Employee Stock Ownership Plan in IN (42 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (42 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 Sift Employee Stock Ownership Plan assets move in 2023? ▼
Sift Employee Stock Ownership Plan grew sharply - up 23.1% during 2023, from $65K to $80K. Reported net income was $220K.
How have Smart Information Flow Technologies Holdings, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Smart Information Flow Technologies Holdings, Inc.'s sponsor-wide assets grew 74.4%, from $65K to $113K.
Where does Sift Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Sift Employee Stock Ownership Plan ranks in the 5th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which ESOP plans are similar in size to Sift Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is George Mcelroy & Assocates, Inc. ESOP in TX ($80K, 15 participants).
Which ESOP plans cover a similar participant headcount to Sift Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is E.V.S. Ltd. Employee Stock Ownership Plan in IN (42 participants, $22M 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 882939531.

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.