ESOP · DOL Form 5500 · 2024

Abrasives Incorporated ESOP

Data updated 2026-08-25

$24M
Total assets Small plan by assets
47
Participants Small participant base
73rd
Percentile by assets National rank
$501,516
Avg per participant High balance/head
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Official DOL plan name: Abrasives Incorporated Employee Stock Ownership Plan · Sponsored by Abrasives Incorporated · North Dakota · Mining & Oil Extraction

$24M in assets, 47 participants

Abrasives Incorporated's Abrasives Incorporated Employee Stock Ownership Plan reported $24M in total assets and 47 participants in its 2024 DOL Form 5500 filing, ranking in the 73rd 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.

  • #445 in Mining & Oil Extraction (785 peers)

Abrasives Incorporated multi-year trail

Abrasives Incorporated's plans moved +58.3% in assets from 2022 to 2024; this filing shows Abrasives Incorporated Employee Stock Ownership Plan at $24M / 47 participants.

#445
in Mining & Oil Extraction (785 peers)
+19.8%
assets growth YoY

Abrasives Incorporated Employee Stock Ownership Plan's outsized position by total assets

Abrasives Incorporated Employee Stock Ownership Plan vs every filed plan by assets

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

$23,571,234 Top 27% higher than 73% 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

Abrasives Incorporated 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. Abrasives Incorporated Employee Stock Ownership Plan is a small filing (47 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Abrasives Incorporated Employee Stock Ownership Plan end-of-year assets rose from $20M in the plan year 2023 filing to $24M in the plan year 2024 filing.
  • Abrasives Incorporated Employee Stock Ownership Plan reported net income fell from $5M in the plan year 2023 filing to $4M in the plan year 2024 filing.
  • Abrasives Incorporated Employee Stock Ownership Plan reported participants fell from 48 in the plan year 2023 filing to 47 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 450416381 · Abrasives Incorporated PY 2024 · ESOP

Abrasives Incorporated Employee Stock Ownership Plan · $24M · 47 · 73rd

  • TYPE $24M
  • TYPE 47
  • TYPE 73rd
  • TYPE ESOP
  • TYPE near H. M. Cragg Co. Employee Stock Ownership Plan and Trust
  • TYPE ind #445

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 North Dakota →

Abrasives Incorporated Employee Stock Ownership Plan in the asset neighbourhood

Planters Bank and Trust Company Employee Stock Ownership PlanPlanters Bank and Trust Comp…$24MWest Builders, Inc. Employee Stock Ownership PlanWest Builders, Inc. Employee…$24MAbrasives Incorporated Employee Stock Ownership PlanAbrasives Incorporated Emplo…$24MH. M. Cragg Co. Employee Stock Ownership Plan and TrustH. M. Cragg Co. Employee Sto…$24MKesslers Diamond Center Inc. Employee Stock Ownership PlanKesslers Diamond Center Inc.…$24M
End-of-year total assets ($M) among Abrasives Incorporated Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Abrasives Incorporated multi-year asset trail

Sponsor-wide plan assets over time

All Abrasives Incorporated plans reported in each filing year

Latest sponsor-wide plan assets
$24M 58.27974967994851% vs 2022
2024 filing year
$10M$15M$20M$25M 202220232024 $14.9M $23.6M ▲ +58.3%
Year Plans Participants Total Assets
2022 1 25 $15M
2023 1 48 $20M
2024 1 47 $24M

Abrasives Incorporated filing trail (2024)

Total Assets (Beginning of Year)$20M
Net Assets (End of Year)$23M
Net Income$4M
Employer EIN450416381
Plan Effective Date2010-07-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in North Dakota

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

Abrasives Incorporated Employee Stock Ownership Plan vs. nearby ESOP plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -20000200040006000 -0.500.511.5 Total assets ($B) Participants Abrasives Incorporated Employee Stock Ownership Plan, Total assets ($B): 0.023571234 · Participants: 47Abrasives Incorporated Employee Stock Ownership PlanBorder States Industries, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.326258119 · Participants: 3256Border States Industries, Inc. Employee Stock Ownership PlanScheels Employee Stock Ownership Plan, Total assets ($B): 0.962968241 · Participants: 5157Scheels Employee Stock Ownership PlanUlteig, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.192805392 · Participants: 1117Ulteig, Inc. Employee Stock Ownership PlanFrontier Precision, Inc Employee Stock Ownership Plan, Total assets ($B): 0.097711974 · Participants: 89Frontier Precision, Inc Employee Stock Ownership PlanKlj Solutions Co Employee Stock Ownership Plan, Total assets ($B): 0.09240993 · Participants: 525Klj Solutions Co Employee Stock Ownership Plan
Abrasives Incorporated Employee Stock Ownership Plan vs. nearby ESOP plans in North Dakota, assets vs. participants
Compare Abrasives Incorporated Employee Stock Ownership Plan side-by-side with 3 peers →

Abrasives Incorporated Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside North Dakota, the nearest ESOP by assets is H. M. Cragg Co. Employee Stock Ownership Plan and Trust in MN ($24M); by covered participants it is Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan in FL (47 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (47 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 Abrasives Incorporated Employee Stock Ownership Plan assets move in 2024? ▼
Abrasives Incorporated Employee Stock Ownership Plan grew sharply - up 19.8% during 2024, from $20M to $24M. Reported net income was $4M.
How have Abrasives Incorporated plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Abrasives Incorporated's sponsor-wide assets grew 58.3%, from $15M to $24M.
Which ESOP plans are similar in size to Abrasives Incorporated Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is H. M. Cragg Co. Employee Stock Ownership Plan and Trust in MN ($24M, 140 participants).
Which ESOP plans cover a similar participant headcount to Abrasives Incorporated Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan in FL (47 participants, N/A 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 450416381.

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.