Civic Intelligence

Loftness Specialized Farm Equipment Inc.

Plan context: Loftness Specialized Farm Equipment Inc. Employee Stock Ownership Plan and Trust

EIN 41-1601295 • Hector, MN • 32 filings • 4 plans

650 South Main StreetHector, MN 55342
Current Snapshot

Latest Year

2024

2024 Participants

83

2024 Assets

$12,033,856

2024 Contributions

$404,575

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$32,268,709$16,134,355$0199920122024YearValue
$12,033,856Latest year 2024

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

90450199920122024YearValue
83Latest year 2024

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
2024283$12,033,856$404,575$4,874iApproximate average salary by contribution assumption: employee only about $121,860 at 4% or $81,240 at 6%; with 50% employer match about $81,240 at 4% or $54,160 at 6%; with 100% employer match about $60,930 at 4% or $40,620 at 6%.
Loftness Specialized Farm Equipment Inc. Employee Stock Ownership Plan and Trust-49$8,010,697$63,325$1,292iApproximate average salary by contribution assumption: employee only about $32,309 at 4% or $21,539 at 6%; with 50% employer match about $21,539 at 4% or $14,359 at 6%; with 100% employer match about $16,154 at 4% or $10,770 at 6%.
Loftness Specialized Farm Equipment Inc. 401(K) Plan-83$4,023,159$341,250$4,111iApproximate average salary by contribution assumption: employee only about $102,786 at 4% or $68,524 at 6%; with 50% employer match about $68,524 at 4% or $45,683 at 6%; with 100% employer match about $51,393 at 4% or $34,262 at 6%.
2023283$21,877,429$447,367$5,390iApproximate average salary by contribution assumption: employee only about $134,749 at 4% or $89,833 at 6%; with 50% employer match about $89,833 at 4% or $59,888 at 6%; with 100% employer match about $67,375 at 4% or $44,916 at 6%.
Loftness Specialized Farm Equipment Inc. Employee Stock Ownership Plan and Trust-67$17,740,683$50,681$756iApproximate average salary by contribution assumption: employee only about $18,911 at 4% or $12,607 at 6%; with 50% employer match about $12,607 at 4% or $8,405 at 6%; with 100% employer match about $9,455 at 4% or $6,304 at 6%.
Loftness Specialized Farm Equipment Inc. 401(K) Plan-83$4,136,746$396,686$4,779iApproximate average salary by contribution assumption: employee only about $119,484 at 4% or $79,656 at 6%; with 50% employer match about $79,656 at 4% or $53,104 at 6%; with 100% employer match about $59,742 at 4% or $39,828 at 6%.
2022279$32,268,709$469,659$5,945iApproximate average salary by contribution assumption: employee only about $148,626 at 4% or $99,084 at 6%; with 50% employer match about $99,084 at 4% or $66,056 at 6%; with 100% employer match about $74,313 at 4% or $49,542 at 6%.
Loftness Specialized Farm Equipment Inc. Employee Stock Ownership Plan and Trust-61$27,905,035$78,463$1,286iApproximate average salary by contribution assumption: employee only about $32,157 at 4% or $21,438 at 6%; with 50% employer match about $21,438 at 4% or $14,292 at 6%; with 100% employer match about $16,078 at 4% or $10,719 at 6%.
Loftness Specialized Farm Equipment Inc. 401(K) Plan-79$4,363,674$391,196$4,952iApproximate average salary by contribution assumption: employee only about $123,796 at 4% or $82,531 at 6%; with 50% employer match about $82,531 at 4% or $55,021 at 6%; with 100% employer match about $61,898 at 4% or $41,265 at 6%.
2021267$21,553,136$428,817$6,400iApproximate average salary by contribution assumption: employee only about $160,006 at 4% or $106,671 at 6%; with 50% employer match about $106,671 at 4% or $71,114 at 6%; with 100% employer match about $80,003 at 4% or $53,335 at 6%.
Loftness Specialized Farm Equipment Inc. Employee Stock Ownership Plan and Trust-57$16,380,000$26,988$473iApproximate average salary by contribution assumption: employee only about $11,837 at 4% or $7,891 at 6%; with 50% employer match about $7,891 at 4% or $5,261 at 6%; with 100% employer match about $5,918 at 4% or $3,946 at 6%.
Loftness Specialized Farm Equipment Inc. 401(K) Plan-67$5,173,136$401,829$5,997iApproximate average salary by contribution assumption: employee only about $149,936 at 4% or $99,957 at 6%; with 50% employer match about $99,957 at 4% or $66,638 at 6%; with 100% employer match about $74,968 at 4% or $49,979 at 6%.
2020263$9,886,800$356,768$5,663iApproximate average salary by contribution assumption: employee only about $141,575 at 4% or $94,383 at 6%; with 50% employer match about $94,383 at 4% or $62,922 at 6%; with 100% employer match about $70,787 at 4% or $47,192 at 6%.
Loftness Specialized Farm Equipment Inc. 401(K) Plan-62$4,986,800$334,165$5,390iApproximate average salary by contribution assumption: employee only about $134,744 at 4% or $89,829 at 6%; with 50% employer match about $89,829 at 4% or $59,886 at 6%; with 100% employer match about $67,372 at 4% or $44,915 at 6%.
Loftness Specialized Farm Equipment Inc. Employee Stock Ownership Plan and Trust-63$4,900,000$22,603$359iApproximate average salary by contribution assumption: employee only about $8,969 at 4% or $5,980 at 6%; with 50% employer match about $5,980 at 4% or $3,986 at 6%; with 100% employer match about $4,485 at 4% or $2,990 at 6%.
2019280$4,777,620$374,848$4,686iApproximate average salary by contribution assumption: employee only about $117,140 at 4% or $78,093 at 6%; with 50% employer match about $78,093 at 4% or $52,062 at 6%; with 100% employer match about $58,570 at 4% or $39,047 at 6%.
Loftness Specialized Farm Equipment Inc. 401(K) Plan-76$4,277,620$374,848$4,932iApproximate average salary by contribution assumption: employee only about $123,305 at 4% or $82,204 at 6%; with 50% employer match about $82,204 at 4% or $54,802 at 6%; with 100% employer match about $61,653 at 4% or $41,102 at 6%.
Loftness Specialized Farm Equipment Inc. Employee Stock Ownership Plan and Trust-80$500,000--
2018182$3,534,325$357,688$4,362iApproximate average salary by contribution assumption: employee only about $109,051 at 4% or $72,701 at 6%; with 50% employer match about $72,701 at 4% or $48,467 at 6%; with 100% employer match about $54,526 at 4% or $36,350 at 6%.
Loftness Specialized Farm Equipment Inc. 401(K) Plan-82$3,534,325$357,688$4,362iApproximate average salary by contribution assumption: employee only about $109,051 at 4% or $72,701 at 6%; with 50% employer match about $72,701 at 4% or $48,467 at 6%; with 100% employer match about $54,526 at 4% or $36,350 at 6%.
2017181$3,692,191$332,281$4,102iApproximate average salary by contribution assumption: employee only about $102,556 at 4% or $68,371 at 6%; with 50% employer match about $68,371 at 4% or $45,580 at 6%; with 100% employer match about $51,278 at 4% or $34,185 at 6%.
Loftness Specialized Farm Equipment Inc. 401(K) Plan-81$3,692,191$332,281$4,102iApproximate average salary by contribution assumption: employee only about $102,556 at 4% or $68,371 at 6%; with 50% employer match about $68,371 at 4% or $45,580 at 6%; with 100% employer match about $51,278 at 4% or $34,185 at 6%.
2016175$3,380,135$403,966$5,386iApproximate average salary by contribution assumption: employee only about $134,655 at 4% or $89,770 at 6%; with 50% employer match about $89,770 at 4% or $59,847 at 6%; with 100% employer match about $67,328 at 4% or $44,885 at 6%.
Loftness Specialized Farm Equipment Inc. 401(K) Plan-75$3,380,135$403,966$5,386iApproximate average salary by contribution assumption: employee only about $134,655 at 4% or $89,770 at 6%; with 50% employer match about $89,770 at 4% or $59,847 at 6%; with 100% employer match about $67,328 at 4% or $44,885 at 6%.
2015188$2,917,658$323,259$3,673iApproximate average salary by contribution assumption: employee only about $91,835 at 4% or $61,223 at 6%; with 50% employer match about $61,223 at 4% or $40,816 at 6%; with 100% employer match about $45,917 at 4% or $30,612 at 6%.
Loftness Specialized Farm Equipment Inc. 401(K) Plan-88$2,917,658$323,259$3,673iApproximate average salary by contribution assumption: employee only about $91,835 at 4% or $61,223 at 6%; with 50% employer match about $61,223 at 4% or $40,816 at 6%; with 100% employer match about $45,917 at 4% or $30,612 at 6%.
2014190$3,001,203$343,001$3,811iApproximate average salary by contribution assumption: employee only about $95,278 at 4% or $63,519 at 6%; with 50% employer match about $63,519 at 4% or $42,346 at 6%; with 100% employer match about $47,639 at 4% or $31,759 at 6%.
Loftness Specialized Farm Equipment Inc. 401(K) Plan-90$3,001,203$343,001$3,811iApproximate average salary by contribution assumption: employee only about $95,278 at 4% or $63,519 at 6%; with 50% employer match about $63,519 at 4% or $42,346 at 6%; with 100% employer match about $47,639 at 4% or $31,759 at 6%.
2013172$2,706,349$295,702$4,107iApproximate average salary by contribution assumption: employee only about $102,674 at 4% or $68,450 at 6%; with 50% employer match about $68,450 at 4% or $45,633 at 6%; with 100% employer match about $51,337 at 4% or $34,225 at 6%.
Loftness Specialized Farm Equipment Inc. 401(K) Plan-72$2,706,349$295,702$4,107iApproximate average salary by contribution assumption: employee only about $102,674 at 4% or $68,450 at 6%; with 50% employer match about $68,450 at 4% or $45,633 at 6%; with 100% employer match about $51,337 at 4% or $34,225 at 6%.
2012180$2,162,482$314,160$3,927iApproximate average salary by contribution assumption: employee only about $98,175 at 4% or $65,450 at 6%; with 50% employer match about $65,450 at 4% or $43,633 at 6%; with 100% employer match about $49,088 at 4% or $32,725 at 6%.
Loftness Specialized Farm Equipment Inc. 401(K) Plan-80$2,162,482$314,160$3,927iApproximate average salary by contribution assumption: employee only about $98,175 at 4% or $65,450 at 6%; with 50% employer match about $65,450 at 4% or $43,633 at 6%; with 100% employer match about $49,088 at 4% or $32,725 at 6%.
2011185$1,723,158$303,295$3,568iApproximate average salary by contribution assumption: employee only about $89,204 at 4% or $59,470 at 6%; with 50% employer match about $59,470 at 4% or $39,646 at 6%; with 100% employer match about $44,602 at 4% or $29,735 at 6%.
Loftness Specialized Farm Equipment Inc. 401(K) Plan-85$1,723,158$303,295$3,568iApproximate average salary by contribution assumption: employee only about $89,204 at 4% or $59,470 at 6%; with 50% employer match about $59,470 at 4% or $39,646 at 6%; with 100% employer match about $44,602 at 4% or $29,735 at 6%.
2010155$1,533,498$228,863$4,161iApproximate average salary by contribution assumption: employee only about $104,029 at 4% or $69,352 at 6%; with 50% employer match about $69,352 at 4% or $46,235 at 6%; with 100% employer match about $52,014 at 4% or $34,676 at 6%.
Loftness Specialized Farm Equipment Inc. 401(K) Plan-55$1,533,498$228,863$4,161iApproximate average salary by contribution assumption: employee only about $104,029 at 4% or $69,352 at 6%; with 50% employer match about $69,352 at 4% or $46,235 at 6%; with 100% employer match about $52,014 at 4% or $34,676 at 6%.
2009148$1,233,493$193,716$4,036iApproximate average salary by contribution assumption: employee only about $100,894 at 4% or $67,263 at 6%; with 50% employer match about $67,263 at 4% or $44,842 at 6%; with 100% employer match about $50,447 at 4% or $33,631 at 6%.
Loftness Specialized Farm Equipment Inc. 401(K) Plan-48$1,233,493$193,716$4,036iApproximate average salary by contribution assumption: employee only about $100,894 at 4% or $67,263 at 6%; with 50% employer match about $67,263 at 4% or $44,842 at 6%; with 100% employer match about $50,447 at 4% or $33,631 at 6%.
2008164$819,750$164,428$2,569iApproximate average salary by contribution assumption: employee only about $64,230 at 4% or $42,820 at 6%; with 50% employer match about $42,820 at 4% or $28,547 at 6%; with 100% employer match about $32,115 at 4% or $21,410 at 6%.
Loftness Specialized Farm Equipment Inc. 401(K) Plan-64$819,750$164,428$2,569iApproximate average salary by contribution assumption: employee only about $64,230 at 4% or $42,820 at 6%; with 50% employer match about $42,820 at 4% or $28,547 at 6%; with 100% employer match about $32,115 at 4% or $21,410 at 6%.
2007147$1,048,458$114,490$2,436iApproximate average salary by contribution assumption: employee only about $60,899 at 4% or $40,599 at 6%; with 50% employer match about $40,599 at 4% or $27,066 at 6%; with 100% employer match about $30,449 at 4% or $20,300 at 6%.
Loftness Specialized Farm Equipment Inc. 401(K) Plan-47$1,048,458$114,490$2,436iApproximate average salary by contribution assumption: employee only about $60,899 at 4% or $40,599 at 6%; with 50% employer match about $40,599 at 4% or $27,066 at 6%; with 100% employer match about $30,449 at 4% or $20,300 at 6%.
2006145$825,377$99,087$2,202iApproximate average salary by contribution assumption: employee only about $55,048 at 4% or $36,699 at 6%; with 50% employer match about $36,699 at 4% or $24,466 at 6%; with 100% employer match about $27,524 at 4% or $18,349 at 6%.
Loftness Specialized Farm Equipment Inc. 401(K) Plan-45$825,377$99,087$2,202iApproximate average salary by contribution assumption: employee only about $55,048 at 4% or $36,699 at 6%; with 50% employer match about $36,699 at 4% or $24,466 at 6%; with 100% employer match about $27,524 at 4% or $18,349 at 6%.
2005150$656,983$93,155$1,863iApproximate average salary by contribution assumption: employee only about $46,578 at 4% or $31,052 at 6%; with 50% employer match about $31,052 at 4% or $20,701 at 6%; with 100% employer match about $23,289 at 4% or $15,526 at 6%.
Loftness Specialized Farm Equipment Inc. 401(K) Plan-50$656,983$93,155$1,863iApproximate average salary by contribution assumption: employee only about $46,578 at 4% or $31,052 at 6%; with 50% employer match about $31,052 at 4% or $20,701 at 6%; with 100% employer match about $23,289 at 4% or $15,526 at 6%.
2004142$528,740$86,127$2,051iApproximate average salary by contribution assumption: employee only about $51,266 at 4% or $34,177 at 6%; with 50% employer match about $34,177 at 4% or $22,785 at 6%; with 100% employer match about $25,633 at 4% or $17,089 at 6%.
Loftness Specialized Farm Equipment Inc. 401(K) Plan-42$528,740$86,127$2,051iApproximate average salary by contribution assumption: employee only about $51,266 at 4% or $34,177 at 6%; with 50% employer match about $34,177 at 4% or $22,785 at 6%; with 100% employer match about $25,633 at 4% or $17,089 at 6%.
2003134$386,890$74,936$2,204iApproximate average salary by contribution assumption: employee only about $55,100 at 4% or $36,733 at 6%; with 50% employer match about $36,733 at 4% or $24,489 at 6%; with 100% employer match about $27,550 at 4% or $18,367 at 6%.
Loftness Specialized Farm Equipment Inc. 401(K) Plan-34$386,890$74,936$2,204iApproximate average salary by contribution assumption: employee only about $55,100 at 4% or $36,733 at 6%; with 50% employer match about $36,733 at 4% or $24,489 at 6%; with 100% employer match about $27,550 at 4% or $18,367 at 6%.
2002139$282,822$72,713$1,864iApproximate average salary by contribution assumption: employee only about $46,611 at 4% or $31,074 at 6%; with 50% employer match about $31,074 at 4% or $20,716 at 6%; with 100% employer match about $23,305 at 4% or $15,537 at 6%.
Loftness Specialized Farm Equipment Inc. 401(K) Plan-39$282,822$72,713$1,864iApproximate average salary by contribution assumption: employee only about $46,611 at 4% or $31,074 at 6%; with 50% employer match about $31,074 at 4% or $20,716 at 6%; with 100% employer match about $23,305 at 4% or $15,537 at 6%.
2001147$286,112$87,203$1,855iApproximate average salary by contribution assumption: employee only about $46,385 at 4% or $30,923 at 6%; with 50% employer match about $30,923 at 4% or $20,615 at 6%; with 100% employer match about $23,192 at 4% or $15,462 at 6%.
Loftness Specialized Farm Equipment Inc. 401(K) Plan-47$286,112$87,203$1,855iApproximate average salary by contribution assumption: employee only about $46,385 at 4% or $30,923 at 6%; with 50% employer match about $30,923 at 4% or $20,615 at 6%; with 100% employer match about $23,192 at 4% or $15,462 at 6%.
2000152$256,566$80,816$1,554iApproximate average salary by contribution assumption: employee only about $38,854 at 4% or $25,903 at 6%; with 50% employer match about $25,903 at 4% or $17,268 at 6%; with 100% employer match about $19,427 at 4% or $12,951 at 6%.
Loftness Specialized Farm Equipment Inc. 401(K) Plan-52$256,566$80,816$1,554iApproximate average salary by contribution assumption: employee only about $38,854 at 4% or $25,903 at 6%; with 50% employer match about $25,903 at 4% or $17,268 at 6%; with 100% employer match about $19,427 at 4% or $12,951 at 6%.
1999142$205,529$69,765$1,661iApproximate average salary by contribution assumption: employee only about $41,527 at 4% or $27,685 at 6%; with 50% employer match about $27,685 at 4% or $18,456 at 6%; with 100% employer match about $20,763 at 4% or $13,842 at 6%.
Loftness Specialized Farm Equipment Inc. 401(K) Plan-42$205,529$69,765$1,661iApproximate average salary by contribution assumption: employee only about $41,527 at 4% or $27,685 at 6%; with 50% employer match about $27,685 at 4% or $18,456 at 6%; with 100% employer match about $20,763 at 4% or $13,842 at 6%.