How much does Aarete, Inc. contribute to its ESOP?

In 2024, employer contributions to the Aarete, Inc. plan averaged $10,464 per active participant, above the $3,635 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Aarete, Inc. 401(k)?

The average participant account balance was $218,151 for plan year 2024, based on 252 accounts.

Aarete, Inc.ESOP

Name: Aarete, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

AARETE EMPLOYEE STOCK OWNERSHIP PLAN · CHICAGO, IL · plan year 2024

Employer contribution per participant · 2024

$10,464

Aarete, Inc.'s 2024 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 $54,974,001 across 252 participant accounts, with employer contributions averaging $10,464 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 851st-largest of 3,702 plans among Illinois employers on file, and the 394th of 3,341 in other services. active participation has grown from 180 to 244 since 2022.

Plan summary
Net assets, end of year$54,974,001
Participants with balances252
Active participants244
Employer contributions$2,553,283
Employee contributions—
Employer contribution per active participant$10,464
Average account balance$218,151
Benefits paid to participants$1,420,794
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP

Plan history3

Yearassets · accounts · employer contribution

2024$55.0M · 252 accts · $2.6M emplr

2023$48.9M · 272 accts · $3.9M emplr

2022$14.0M · 255 accts · $3.2M emplr

Employer contributions to the Aarete, Inc. plan · 2024

Employer contribution per active participant$10,464

Median for plans this size$3,635

2024$10,464 per active participant

2023$16,945 per active participant

2022$17,878 per active participant

Aarete, Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Administrative cost history3

2024Not separately reported

2023Not separately reported

2022Not separately reported

All plans at this employer2

AARETE, LLC 401(K) PROFIT SHARING PLAN AND TRUST401(k)

AARETE EMPLOYEE STOCK OWNERSHIP PLANESOP

Same employer

Aarete, Inc.'s health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 824403675 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.