Plan Ledger DOL Form 5500 · updated monthly

American Electric Supply, Inc.ESOP

AMERICAN ELECTRIC SUPPLY, INC. EMPLOYEE STOCK OWNERSHIP PLAN · CORONA, CA · plan year 2024

Employer contribution per participant · 2024
$9,525

American Electric Supply, 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 $10,574,286 across 126 participant accounts, with employer contributions averaging $9,525 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 wholesale trade employers. By assets it is among the smaller plans on file in California (5,307th of 9,483), and 2,839th of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$10,574,286
Participants with balances126
Active participants80
Employer contributions$762,000
Employee contributions—
Employer contribution per active participant$9,525
Average account balance$83,923
Benefits paid to participants$366,984
Plan auditUnmodified (clean) audit opinion
AuditorGELMAN LLP
Employer contributions to the American Electric Supply, Inc. plan · 2024
Employer contribution per active participant$9,525
Median for plans this size$2,416

American Electric Supply, Inc.'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.

Similar plansWholesale Trade · California
Mechanix Wear, LLC CA$10.8M · 0.37%
Pch International USA, Inc. CA$10.7M · 0.21%
Packaging Matters, LLC CA$10.4M · 0.63%
Naturipe Berry Growers CA$10.4M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330058413 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.