Plan Ledger DOL Form 5500 · updated monthly

Adco ManufacturingESOP

ADCO MANUFACTURING EMPLOYEE STOCK OWNERSHIP PLAN · SANGER, CA · plan year 2024

Employer contribution per participant · 2024
$13,526

Adco Manufacturing'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 $35,312,642 across 157 participant accounts, with employer contributions averaging $13,526 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 2,364th-largest of 9,483 plans among California employers on file, and the 4,010th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$35,312,642
Participants with balances157
Active participants149
Employer contributions$2,015,350
Employee contributions—
Employer contribution per active participant$13,526
Average account balance$224,921
Benefits paid to participants$286
Plan auditUnmodified (clean) audit opinion
AuditorDRITSAS GROOM MCCORMICK LLP
Plan history3
Yearassets · accounts · employer contribution
2024$35.3M · 157 accts · $2.0M emplr
2023$16.4M · 150 accts · $2.0M emplr
2022$7.2M · 141 accts · $2.0M emplr
Employer contributions to the Adco Manufacturing plan · 2024
Employer contribution per active participant$13,526
Median for plans this size$2,416
2024$13,526 per active participant
2023$13,899 per active participant
2022$14,711 per active participant

Adco Manufacturing's 2024 employer contribution ran above the $2,416 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
ADCO 401(K) PLAN401(k)
ADCO MANUFACTURING EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansManufacturing · California
All One God Faith, Inc. CA$35.5M · 0.90%
Inogen, Inc. CA$35.5M · 0.16%
Si-Bone, Inc. CA$35.5M · 0.21%
Cutera, Inc. CA$34.9M · 0.08%
Rix Industries CA$34.7M · 0.34%
Karma Automotive LLC CA$34.6M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942216750 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.