ESOP · DOL Form 5500 · 2024

First Rate Excavate, Inc. ESOP

Data updated 2026-08-25

$7M
Total assets Small plan by assets
97
Participants Small participant base
48th
Percentile by assets National rank
$70,692
Avg per participant Below avg balance/head
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Official DOL plan name: First Rate Excavate Inc. Employee Stock Ownership Plan · Sponsored by First Rate Excavate, Inc. · South Dakota · Construction

$7M in assets, 97 participants

First Rate Excavate, Inc.'s First Rate Excavate Inc. Employee Stock Ownership Plan reported $7M in total assets and 97 participants in its 2024 DOL Form 5500 filing, ranking in the 48th 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.

  • #4,196 in Construction (9,039 peers)

What the 2024 filing shows

First Rate Excavate Inc. Employee Stock Ownership Plan holds $7M for 97 participants - about $70,692 per participant, in the lower half of filed plans by assets.

#4,196
in Construction (9,039 peers)
-2.5%
assets change YoY

The plan reported a net loss of $236K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

First Rate Excavate Inc. Employee Stock Ownership Plan's mid-pack asset rank among Construction and all filers

First Rate Excavate Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$6,857,102 48th percentile higher than 48% 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

First Rate Excavate 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. First Rate Excavate Inc. Employee Stock Ownership Plan is a small filing (97 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First Rate Excavate Inc. Employee Stock Ownership Plan reported net income fell from $549K in the plan year 2023 filing to -$236K in the plan year 2024 filing.
  • First Rate Excavate Inc. Employee Stock Ownership Plan reported participants rose from 91 in the plan year 2023 filing to 97 in the plan year 2024 filing.
  • First Rate Excavate Inc. Employee Stock Ownership Plan end-of-year assets fell from $7M in the plan year 2023 filing to $7M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 460366927 · First Rate Excavate, Inc. PY 2024 · ESOP

First Rate Excavate Inc. Employee Stock Ownership Plan · $7M · 97 · 48th

  • EBSA $7M
  • EBSA 97
  • EBSA 48th
  • EBSA ESOP
  • EBSA near Eagle Communications, Inc. Employee Stock Ownership Plan
  • EBSA ind #4196

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 →

First Rate Excavate Inc. Employee Stock Ownership Plan in the asset neighbourhood

Polyonics, Inc. Employee Stock Ownership PlanPolyonics, Inc. Employee Sto…$7MFirst Rate Excavate Inc. Employee Stock Ownership PlanFirst Rate Excavate Inc. Emp…$7MEagle Communications, Inc. Employee Stock Ownership PlanEagle Communications, Inc. E…$7MSchu/Marketing Associates, Inc. Employee Stock Ownership Plan and TrustSchu/Marketing Associates, I…$7MProbity, Inc. Employee Stock Ownership PlanProbity, Inc. Employee Stock…$7M
End-of-year total assets ($M) among First Rate Excavate Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Filing particulars (2024)

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$4M
Net Income-$236K
Employer EIN460366927
Plan Effective Date2015-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Rate Excavate, Inc.)

Sponsor-wide plan assets over time

All First Rate Excavate, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$7M 0.1679032746251319% vs 2022
2024 filing year
$0M$10M$20M$30M$40M 202220232024 $6.85M $6.86M ▲ +0.1%
Year Plans Participants Total Assets
2022 1 87 $7M
2023 5 420 $31M
2024 1 97 $7M

Nearby ESOP Plans in South Dakota

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

First Rate Excavate Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in South Dakota, assets vs. participants Scatter plot of 6 data points. 0200400600800 050100150 Total assets ($M) Participants First Rate Excavate Inc. Employee Stock Ownership Plan, Total assets ($M): 6.857102 · Participants: 97First Rate Excavate Inc. Employee Stock Ownership PlanShowplace 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
First Rate Excavate Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in South Dakota, assets vs. participants
Compare First Rate Excavate Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

First Rate Excavate Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside South Dakota, the nearest ESOP by assets is Eagle Communications, Inc. Employee Stock Ownership Plan in KS ($7M); by covered participants it is Barnes, Inc. Employee Stock Ownership Plan in WI (97 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (97 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 First Rate Excavate Inc. Employee Stock Ownership Plan assets move in 2024? ▼
First Rate Excavate Inc. Employee Stock Ownership Plan edged down modestly - down 2.5% during 2024, from $7M to $7M. Reported net income was -$236K.
How have First Rate Excavate, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Rate Excavate, Inc.'s sponsor-wide assets grew 0.2%, from $7M to $7M.
Which ESOP plans are similar in size to First Rate Excavate Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Eagle Communications, Inc. Employee Stock Ownership Plan in KS ($7M, 158 participants).
Which ESOP plans cover a similar participant headcount to First Rate Excavate Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Barnes, Inc. Employee Stock Ownership Plan in WI (97 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 460366927.

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.