ESOP · DOL Form 5500 · 2024

The Krofam, Inc. and Subsidiaries ESOP

Data updated 2026-08-25

$3M
Total assets Small plan by assets
N/A
Participants Small participant base
36th
Percentile by assets National rank
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Official DOL plan name: The Krofam, Inc. and Subsidiaries Employee Stock Ownership Plan and Trust · Sponsored by The Krofam, Inc. and Subsidiaries · South Dakota · Management of Enterprises

$3M in assets, N/A participants

The Krofam, Inc. and Subsidiaries's The Krofam, Inc. and Subsidiaries Employee Stock Ownership Plan and Trust reported $3M in total assets and N/A participants in its 2024 DOL Form 5500 filing, ranking in the 36th 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.

  • #281 in Management of Enterprises (1,133 peers)

The Krofam, Inc. and Subsidiaries multi-year trail

The Krofam, Inc. and Subsidiaries's plans moved -72.3% in assets from 2022 to 2024; this filing shows The Krofam, Inc. and Subsidiaries Employee Stock Ownership Plan and Trust at $3M / N/A participants.

#281
in Management of Enterprises (1,133 peers)
+18.7%
assets growth YoY

The Krofam, Inc. and Subsidiaries Employee Stock Ownership Plan and Trust's mid-pack asset rank among Management of Enterprises and all filers

The Krofam, Inc. and Subsidiaries Employee Stock Ownership Plan and Trust vs every filed plan by assets

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

$3,379,599 36th percentile higher than 36% 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

Filed plans by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • The Krofam, Inc. and Subsidiaries Employee Stock Ownership Plan and Trust reported net income rose from -$9M in the plan year 2023 filing to $533K in the plan year 2024 filing.
  • The Krofam, Inc. and Subsidiaries Employee Stock Ownership Plan and Trust reported participants fell from 57 in the plan year 2023 filing to N/A in the plan year 2024 filing.
  • The Krofam, Inc. and Subsidiaries Employee Stock Ownership Plan and Trust end-of-year assets rose from $3M in the plan year 2023 filing to $3M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 460426369 · The Krofam, Inc. and Subsidiaries PY 2024 · ESOP

The Krofam, Inc. and Subsidiaries Employee Stock Ownership Plan and Trust · $3M · N/A · 36th

  • SCH $3M
  • SCH N/A
  • SCH 36th
  • SCH ESOP
  • SCH near Plexus Scientific Corporation Employee Stock Ownership Plan
  • SCH ind #281

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 →

The Krofam, Inc. and Subsidiaries Employee Stock Ownership Plan and Trust in the asset neighbourhood

The Krofam, Inc. and Subsidiaries Employee Stock Ownership Plan and TrustThe Krofam, Inc. and Subsidi…$3MPlexus Scientific Corporation Employee Stock Ownership PlanPlexus Scientific Corporatio…$3MC & J Well Drilling Company Employee Stock Ownership Plan and Trust AgreementC & J Well Drilling Company …$3MMate Inc Stock Bonus Plan & Trust with ESOP ProvisionsMate Inc Stock Bonus Plan & …$3MGemco, Inc. Employee Stock Ownership PlanGemco, Inc. Employee Stock O…$3M
End-of-year total assets ($M) among The Krofam, Inc. and Subsidiaries Employee Stock Ownership Plan and Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

The Krofam, Inc. and Subsidiaries multi-year asset trail

Sponsor-wide plan assets over time

All The Krofam, Inc. and Subsidiaries plans reported in each filing year

Latest sponsor-wide plan assets
$3M 72.25766948922279% vs 2022
2024 filing year
$0M$5M$10M$15M 202220232024 $12.2M $3.38M ▼ -72.2%
Year Plans Participants Total Assets
2022 1 59 $12M
2023 1 57 $3M
2024 1 N/A $3M

The Krofam, Inc. and Subsidiaries filing trail (2024)

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$3M
Net Income$533K
Employer EIN460426369
Plan Effective Date1985-04-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in South Dakota

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

The Krofam, Inc. and Subsidiaries Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in South Dakota, assets vs. participants Scatter plot of 6 data points. -2000200400600800 -50050100150 Total assets ($M) Participants The Krofam, Inc. and Subsidiaries Employee Stock Ownership Plan and Trust, Total assets ($M): 3.379599 · Participants: 0The Krofam, Inc. and Subsidiaries Employee Stock Ownership Plan and TrustShowplace Wood Products, Inc. Employee Stock Ownership Plan, Total assets ($M): 103.967023 · Participants: 529Showplace Wood Products, Inc. Employee Stock Ownership PlanFishback Financial Corporation Employee Stock Ownership Plan, Total assets ($M): 56.010399 · Participants: 715Fishback Financial Corporation Employee Stock Ownership PlanBierschbach Equipment & Supply Co., Inc. Employee Stock Ownership Plan, Total assets ($M): 46.027058 · Participants: 87Bierschbach Equipment & Supply Co., Inc. Employee Stock Ownership PlanRe/Spec Inc. Employee Stock Ownership Plan, Total assets ($M): 45.003648 · Participants: 497Re/Spec Inc. Employee Stock Ownership PlanThe Ramkota Companies, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 41.777263 · Participants: 108The Ramkota Companies, Inc. Employee Stock Ownership Plan and Trust
The Krofam, Inc. and Subsidiaries Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in South Dakota, assets vs. participants
Compare The Krofam, Inc. and Subsidiaries Employee Stock Ownership Plan and Trust side-by-side with 3 peers →

The Krofam, Inc. and Subsidiaries Employee Stock Ownership Plan and Trust's closest out-of-state ESOP peers by assets

Outside South Dakota, the nearest ESOP by end-of-year assets is Plexus Scientific Corporation Employee Stock Ownership Plan in VA at $3M (this filing: $3M).

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 The Krofam, Inc. and Subsidiaries Employee Stock Ownership Plan and Trust assets move in 2024? ▼
The Krofam, Inc. and Subsidiaries Employee Stock Ownership Plan and Trust grew sharply - up 18.7% during 2024, from $3M to $3M. Reported net income was $533K.
How have The Krofam, Inc. and Subsidiaries plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Krofam, Inc. and Subsidiaries's sponsor-wide assets declined 72.3%, from $12M to $3M.
Which ESOP plans are similar in size to The Krofam, Inc. and Subsidiaries Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by assets is Plexus Scientific Corporation Employee Stock Ownership Plan in VA ($3M, 74 participants).

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 460426369.

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.