Advanced Elements, Inc.ESOP
ADVANCED ELEMENTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · GRAND FORKS, ND · plan year 2024
Advanced Elements, 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 $89,425,577 across 372 participant accounts, with employer contributions averaging $4,642 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 professional & technical services employers. By assets it is the 33rd-largest of 279 plans among North Dakota employers on file, and the 1,672nd of 11,654 in professional & technical services. active participation has grown from 259 to 286 since 2022.
Advanced Elements, Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size. 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.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 262006372 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.