ESOP · DOL Form 5500 · 2024
Coborns Incorporated ESOP
Data updated 2026-08-11
- $40M
- Total assets
- 4,069
- Participants
- 81st
- Percentile by assets
- $9,876
- Avg per participant
Official DOL plan name: Coborns Incorporated Employee Stock Ownership Plan · Sponsored by Coborns Incorporated · Minnesota · Retail Trade
$40M in assets, 4,069 participants
Coborns Incorporated's Coborns Incorporated Employee Stock Ownership Plan reported $40M in total assets and 4,069 participants in its 2024 DOL Form 5500 filing, ranking in the 81st 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.
- 81st percentile by assets (of 123,622 plans)
- #7,185 in Retail Trade (8,048 peers)
Coverage in Minnesota
Coborns Incorporated Employee Stock Ownership Plan covers 4,069 participants in Minnesota, 3.6x the typical Minnesota plan (state average ~1,126 per filing). Assets: $40M.
- $40M
- total plan assets (2024 EOY)
- 4,069
- covered participants
- 81st
- percentile by assets (of 123,622 plans)
- $9,876
- avg assets per participant
The plan reported a net loss of $7M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Coborns Incorporated Employee Stock Ownership Plan reported net income fell from $424K in the plan year 2023 filing to -$7M in the plan year 2024 filing.
- Coborns Incorporated Employee Stock Ownership Plan end-of-year assets fell from $49M in the plan year 2023 filing to $40M in the plan year 2024 filing.
- Coborns Incorporated Employee Stock Ownership Plan reported participants fell from 4,093 in the plan year 2023 filing to 4,069 in the plan year 2024 filing.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Coborns Incorporated Employee Stock Ownership Plan reports 4,069 participants - 3.6x that state average ($40M EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $49M |
|---|---|
| Net Assets (End of Year) | $37M |
| Net Income | -$7M |
| Employer EIN | 410824910 |
| Plan Effective Date | 2006-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Coborns Incorporated)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 9,509 | $174M |
| 2023 | 2 | 10,828 | $191M |
| 2024 | 2 | 11,286 | $202M |
Nearby ESOP Plans in Minnesota
Peer ESOP plans, same state, same plan type, ranked by total assets.
Coborns Incorporated Employee Stock Ownership Plan vs. nearby ESOP plans in Minnesota, assets vs. participants
- Andersen Corporation Employee Stock Ownership Plan $963M · 12,104
- Landscape Structures, Inc. Employee Stock Ownership Plan and Trust $594M · 490
- Kingdom Enterprises, Inc. Employee Stock Ownership Plan $594M · 782
- Force America Inc. Employee Stock Ownership Plan $473M · 615
- Ablenet, Inc. Employee Stock Ownership Plan $460M · 134
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Coborns Incorporated Employee Stock Ownership Plan by total assets, not by location.
- Mangan, Inc. Employee Stock Ownership Plan (CA) $40M · 377
- Jifco, Inc. Employee Stock Ownership Plan (CA) $40M · 91
- Fred Weber, Inc. Employee Stock Ownership Plan (MO) $40M · 72
- Galorath Inc Employee Stock Ownership Plan (CA) $40M · 37
Frequently Asked Questions
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Filing takeaways
Ways to act on Coborns Incorporated Employee Stock Ownership Plan's numbers.
- By total assets, Coborns Incorporated Employee Stock Ownership Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Minnesota. Compare plans
- Coborns Incorporated's sponsor-wide assets have grown 16.4% since 2022 across 3 plan years on file. More Retail Trade plans