ESOP · DOL Form 5500 · 2024

Loftness Specialized Farm Equipment , Inc. ESOP

Data updated 2026-08-25

$8M
Total assets Small plan by assets
60
Participants Small participant base
51st
Percentile by assets National rank
$133,512
Avg per participant Near avg balance/head
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Official DOL plan name: Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust · Sponsored by Loftness Specialized Farm Equipment , Inc. · Minnesota · Agriculture, Forestry & Fishing

$8M in assets, 60 participants

Loftness Specialized Farm Equipment , Inc.'s Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust reported $8M in total assets and 60 participants in its 2024 DOL Form 5500 filing, ranking in the 51st 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.

  • #662 in Agriculture, Forestry & Fishing (1,217 peers)

Loftness Specialized Farm Equipment , Inc. multi-year trail

Loftness Specialized Farm Equipment , Inc.'s plans moved -71.3% in assets from 2022 to 2024; this filing shows Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust at $8M / 60 participants.

#662
in Agriculture, Forestry & Fishing (1,217 peers)
-54.8%
assets change YoY

The plan reported a net loss of $10M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust's mid-pack asset rank among Agriculture, Forestry & Fishing and all filers

Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$8,010,697 Top 49% higher than 51% of 123,620 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 2024

Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust is a small filing (60 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust end-of-year assets fell from $18M in the plan year 2023 filing to $8M in the plan year 2024 filing.
  • Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust reported net income rose from -$10M in the plan year 2023 filing to -$10M in the plan year 2024 filing.
  • Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust reported participants fell from 61 in the plan year 2023 filing to 60 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 411601295 · Loftness Specialized Farm Equipment , Inc. PY 2024 · ESOP

Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust · $8M · 60 · 51st

  • VS-ST $8M
  • BOY 60
  • SCH 51st
  • EBSA ESOP
  • PART near Nexus Engineering Group, Inc. Employee Stock Ownership Plan
  • TYPE ind #662

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 →

Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust in the asset neighbourhood

Coldstream Service Holdings, Inc. Employee Stock Ownership PlanColdstream Service Holdings,…$8MLoftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and TrustLoftness Specialized Farm Eq…$8MNexus Engineering Group, Inc. Employee Stock Ownership PlanNexus Engineering Group, Inc…$8MStone Environmental Employee Stock Ownership PlanStone Environmental Employee…$8MCaco Pacific Corporation Employee Stock Ownership PlanCaco Pacific Corporation Emp…$8M
End-of-year total assets ($M) among Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Loftness Specialized Farm Equipment , Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Loftness Specialized Farm Equipment , Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$8M 71.29300500787761% vs 2022
2024 filing year
$0M$10M$20M$30M 202220232024 $27.9M $8.01M ▼ -71.3%
Year Plans Participants Total Assets
2022 1 66 $28M
2023 1 61 $18M
2024 1 60 $8M

Loftness Specialized Farm Equipment , Inc. filing trail (2024)

Total Assets (Beginning of Year)$18M
Net Assets (End of Year)$8M
Net Income-$10M
Employer EIN411601295
Plan Effective Date2019-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Minnesota

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

Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -500050010001500 Total assets ($M) Participants Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 8.010697 · Participants: 60Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and TrustAndersen Corporation Employee Stock Ownership Plan, Total assets ($M): 962.686911 · Participants: 12104Andersen Corporation Employee Stock Ownership PlanLandscape Structures, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 593.784492 · Participants: 490Landscape Structures, Inc. Employee Stock Ownership Plan and TrustKingdom Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 593.525018 · Participants: 782Kingdom Enterprises, Inc. Employee Stock Ownership PlanForce America Inc. Employee Stock Ownership Plan, Total assets ($M): 472.716981 · Participants: 615Force America Inc. Employee Stock Ownership PlanAblenet, Inc. Employee Stock Ownership Plan, Total assets ($M): 459.837439 · Participants: 134Ablenet, Inc. Employee Stock Ownership Plan
Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust side-by-side with 3 peers →

Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is Nexus Engineering Group, Inc. Employee Stock Ownership Plan in OH ($8M); by covered participants it is Quality Machining, Inc. Employee Stock Ownership Plan in WI (60 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (60 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust assets move in 2024? ▼
Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust contracted severely - down 54.8% during 2024, from $18M to $8M. Reported net income was -$10M.
How have Loftness Specialized Farm Equipment , Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Loftness Specialized Farm Equipment , Inc.'s sponsor-wide assets declined 71.3%, from $28M to $8M.
Which ESOP plans are similar in size to Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by assets is Nexus Engineering Group, Inc. Employee Stock Ownership Plan in OH ($8M, 206 participants).
Which ESOP plans cover a similar participant headcount to Loftness Specialized Farm Equipment, Inc. Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by covered participants is Quality Machining, Inc. Employee Stock Ownership Plan in WI (60 participants, $7M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 411601295.

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.