ESOP · DOL Form 5500 · 2024
Salem Fabrication Technologies Group, Inc. ESOP
Data updated 2026-08-25
- $23M
- Total assets Small plan by assets
- 65
- Participants Small participant base
- 72nd
- Percentile by assets National rank
- $346,708
- Avg per participant High balance/head
Official DOL plan name: Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan · Sponsored by Salem Fabrication Technologies Group, Inc. · North Carolina · Wholesale Trade
$23M in assets, 65 participants
Salem Fabrication Technologies Group, Inc.'s Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan reported $23M in total assets and 65 participants in its 2024 DOL Form 5500 filing, ranking in the 72nd 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.
- #4,227 in Wholesale Trade (6,080 peers)
Salem Fabrication Technologies Group, Inc. multi-year trail
Salem Fabrication Technologies Group, Inc.'s plans moved +11.1% in assets from 2022 to 2024; this filing shows Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan at $23M / 65 participants.
- #4,227
- in Wholesale Trade (6,080 peers)
- -13.3%
- assets change YoY
The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan's outsized position by total assets
Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$22,535,994 Top 28% higher than 72% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan is a small filing (65 participants) on this national headcount ladder.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan reported net income fell from $5M in the plan year 2023 filing to -$4M in the plan year 2024 filing.
- Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan end-of-year assets fell from $26M in the plan year 2023 filing to $23M in the plan year 2024 filing.
- Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan reported participants rose from 62 in the plan year 2023 filing to 65 in the plan year 2024 filing.
Form 5500 schedule snapshot
Filing strip 561018012 · Salem Fabrication Technologies Group, Inc. PY 2024 · ESOP
Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan · $23M · 65 · 72nd
- PART $23M
- TYPE 65
- NET 72nd
- BOOK ESOP
- VS-ST near Polar Field Services, Inc. Employee Stock Ownership Plan
- BOY ind #4227
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 North Carolina →
Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan in the asset neighbourhood
Salem Fabrication Technologies Group, Inc. multi-year asset trail
Sponsor-wide plan assets over time
All Salem Fabrication Technologies Group, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $23M 11.103593331554244% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 66 | $20M |
| 2023 | 1 | 62 | $26M |
| 2024 | 1 | 65 | $23M |
Salem Fabrication Technologies Group, Inc. filing trail (2024)
| Total Assets (Beginning of Year) | $26M |
|---|---|
| Net Assets (End of Year) | $17M |
| Net Income | -$4M |
| Employer EIN | 561018012 |
| Plan Effective Date | 2000-01-01 |
| Filing Status | FILING RECEIVED |
Nearby ESOP Plans in North Carolina
Peer ESOP plans, same state, same plan type, ranked by total assets.
- Columbia Forest Products, Inc. Employee Stock Ownership Plan and Trust $184M · 1,396
- Ecmd, Inc. Employee Stock Ownership Plan $154M · 969
- Precision Walls, Inc. Employee Stock Ownership Plan $143M · 1,228
- Robert E. Mason & Associates, Inc. Employee Stock Ownership Plan $133M · 279
- State Utility Contractors, Inc. Employee Stock Ownership Plan $123M · 158
Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount
Outside North Carolina, the nearest ESOP by assets is Polar Field Services, Inc. Employee Stock Ownership Plan in CO ($23M); by covered participants it is D.K. Gnuse Legacy Employee Stock Ownership Plan in IL (65 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($23M here).
Similar participant headcount
Nearest other-state filings by covered participants (65 participants); asset peers above are excluded.
- D.K. Gnuse Legacy Employee Stock Ownership Plan (IL) 65 · 0 off
- Oconee Savings & Loan Association Employee Stock Ownership Plan (SC) 65 · 0 off
- Independence Holdings, Inc. Employee Stock Ownership Plan (FL) 65 · 0 off
- Asi Commercial Roofing & Maintenance Inc. Employee Stock Ownership Plan (OH) 65 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.