Plan Ledger DOL Form 5500 · updated monthly

The Prophet CorporationESOP

THE PROPHET CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN · OWATONNA, MN · plan year 2023

Plan assets · 2023
$19.7M

The Prophet Corporation's 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $19,705,540 across 153 participant accounts. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other retail trade employers. By assets it is the 902nd-largest of 1,918 plans among Minnesota employers on file, and the 1,470th of 5,215 in retail trade. active participation has grown from 100 to 135 since 2022.

Plan summary
Net assets, end of year$19,705,540
Participants with balances153
Active participants135
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$128,794
Benefits paid to participants$833,765
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.1M · 160 accts
2023$19.7M · 153 accts
2022$17.5M · 127 accts · $406K emplr
Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
Similar plansRetail Trade · Minnesota
Lueken's Food Stores, Inc. MN$23.9M · 0.01%
Buerkle Company MN$23.8M · 0.23%
Kowalski Companies, Inc. MN$19.9M · 0.01%
Schuler Shoes, Inc. MN$18.8M · 0.57%
Innovative Office Solutions MN$18.7M · 0.33%
Stein Industries, Inc. MN$18.5M · 0.33%
Littfin Lumber Company MN$18.1M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411796468 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.