Original filing (PDF)20251015094054NAL0004476417001

FIRST RATE EXCAVATE, INC.

Name: FIRST RATE EXCAVATE, INC. — FIRST RATE EXCAVATE INC. EMPLOYEE STOCK OWNERSHIP PLAN, Form 5500 (2024)
Creator: FIRST RATE EXCAVATE, INC.

Form 5500

FILING_RECEIVED

FIRST RATE EXCAVATE INC. EMPLOYEE STOCK OWNERSHIP PLAN

Defined-contribution retirement plan

Signals · 3

84% in single holding84% employer stock~105 bps in Sched C fees

Active participants

Accounts w/ balance

120

Plan assets (EOY)

$6.9M

Net assets (EOY)

$3.6M

How this plan invests

This plan

7 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score (directional)

/ 100

Grade B

Above-average plan

Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.

Compliance & disclosures

100

Concentration risk

Total plan cost

Vendor stack

100

Participation health

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for FIRST RATE EXCAVATE, INC..

Plan sponsor

Name

FIRST RATE EXCAVATE, INC.

EIN

46-0366927

Address

1509 EAST 39TH STREET NORTH · SIOUX FALLS, SD · 57104

Phone

(605) 331-5626

Industry

Constructionsee all

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

002

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-15

Pension benefit codes

2I · Stock bonus

2P · Leveraged ESOP

2Q · S-corporation ESOP

3I · Requires investment in employer securities

Audit & trust (Schedule H)

Auditor

EIDE BAILLY, LLP

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

4 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
EIDE BAILLY LLP	45-0250958	FARGO, ND	N/A	$28K	—
TRANSITION FINANCIAL STRATEGIES LLC	13-4238973	CHARLOTTESVILLE, VA	NONE	$18K	—
FIRST PREMIER BANK	—	SIOUX FALLS, SD	NONE	$13K	—
ACCLARO VALUATION ADVISORS	—	OMAHA, NE	N/A	$13K	—

Investments

7 direct securities· $6.9M(100% of reported assets)

Investment	Type	Shares / units	Cost	Current value	% of plan
Similar Party Par, or Maturity Value Cost Value Non-Participant Directed * First Rate Excavate, Inc. Common stock, 98,000 shares	—	—	$6.3M	$5.7M	83.7%
Goldman Financial Square Government Fund #465 Money Market Mutual Fund	—	—	$866K	$866K	12.6%
Vanguard Total Bond Market Index Adm Mutual Fund	—	—	$66K	$64K	0.9%
Guggenheim Total Return Bond Instl Mutual Fund	—	—	$58K

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