ESOP · DOL Form 5500 · 2024

Coles Salon, Inc. ESOP

Data updated 2026-08-25

$8M
Total assets Small plan by assets
218
Participants Below avg headcount
50th
Percentile by assets National rank
$34,796
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Cole's Employee Stock Ownership Plan & Trust Agreement · Sponsored by Coles Salon, Inc. · Minnesota · Other Services

$8M in assets, 218 participants

Coles Salon, Inc.'s Cole's Employee Stock Ownership Plan & Trust Agreement reported $8M in total assets and 218 participants in its 2024 DOL Form 5500 filing, ranking in the 50th 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.

  • #5,411 in Other Services (7,719 peers)

Coverage in Minnesota

Cole's Employee Stock Ownership Plan & Trust Agreement covers 218 participants in Minnesota, about 19% of the average Minnesota filer (state average ~1,126 per filing). Assets: $8M.

#5,411
in Other Services (7,719 peers)
-0.4%
assets change YoY

The plan reported a net loss of $30K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Cole's Employee Stock Ownership Plan & Trust Agreement's mid-pack asset rank among Other Services and all filers

Cole's Employee Stock Ownership Plan & Trust Agreement vs every filed plan by assets

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

$7,585,422 Top 50% higher than 50% 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

Cole's Employee Stock Ownership Plan & Trust Agreement among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Cole's Employee Stock Ownership Plan & Trust Agreement sits mid-pack in the medium band (218 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Cole's Employee Stock Ownership Plan & Trust Agreement reported net income fell from $436K in the plan year 2023 filing to -$30K in the plan year 2024 filing.
  • Cole's Employee Stock Ownership Plan & Trust Agreement reported participants fell from 224 in the plan year 2023 filing to 218 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 411424867 · Coles Salon, Inc. PY 2024 · ESOP

Cole's Employee Stock Ownership Plan & Trust Agreement · $8M · 218 · 50th

  • SCH $8M
  • SCH 218
  • SCH 50th
  • SCH ESOP
  • SCH near Howe Contracting, Inc. Employee Stock Ownership Plan
  • SCH ind #5411

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 →

Cole's Employee Stock Ownership Plan & Trust Agreement in the asset neighbourhood

Fabricut Employees Stock Ownership PlanFabricut Employees Stock Own…$8MCole's Employee Stock Ownership Plan & Trust AgreementCole's Employee Stock Owners…$8MHowe Contracting, Inc. Employee Stock Ownership PlanHowe Contracting, Inc. Emplo…$8MSystems Integration Specialists, Inc. Employee Stock Ownership PlanSystems Integration Speciali…$8MCrouse and Associates Insurance Brokers, Inc. ESOPCrouse and Associates Insura…$8M
End-of-year total assets ($M) among Cole's Employee Stock Ownership Plan & Trust Agreement and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$8M
Net Income-$30K
Employer EIN411424867
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Coles Salon, Inc.)

Sponsor-wide plan assets over time

All Coles Salon, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$57M 36.472768796276405% vs 2022
2024 filing year
$40M$45M$50M$55M$60M 202220232024 $41.8M $57.1M ▲ +36.5%
Year Plans Participants Total Assets
2022 2 511 $42M
2023 2 508 $50M
2024 2 612 $57M

Nearby ESOP Plans in Minnesota

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

Cole's Employee Stock Ownership Plan & Trust Agreement vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -500050010001500 Total assets ($M) Participants Cole's Employee Stock Ownership Plan & Trust Agreement, Total assets ($M): 7.585422 · Participants: 218Cole's Employee Stock Ownership Plan & Trust AgreementAndersen 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
Cole's Employee Stock Ownership Plan & Trust Agreement vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Cole's Employee Stock Ownership Plan & Trust Agreement side-by-side with 3 peers →

Cole's Employee Stock Ownership Plan & Trust Agreement's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is Howe Contracting, Inc. Employee Stock Ownership Plan in GA ($8M); by covered participants it is Gemini Stock Program in MA (218 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (218 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 Cole's Employee Stock Ownership Plan & Trust Agreement assets move in 2024? ▼
Cole's Employee Stock Ownership Plan & Trust Agreement held essentially flat - down 0.4% during 2024, from $8M to $8M. Reported net income was -$30K.
How have Coles Salon, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Coles Salon, Inc.'s sponsor-wide assets grew 36.5%, from $42M to $57M.
Which ESOP plans are similar in size to Cole's Employee Stock Ownership Plan & Trust Agreement? ▼
Among ESOP plans in other states, the closest by assets is Howe Contracting, Inc. Employee Stock Ownership Plan in GA ($8M, 42 participants).
Which ESOP plans cover a similar participant headcount to Cole's Employee Stock Ownership Plan & Trust Agreement? ▼
Among ESOP plans in other states, the closest by covered participants is Gemini Stock Program in MA (218 participants, $3M 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 411424867.

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.