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

In 2024, employer contributions to the Amg, Inc. plan averaged $10,797 per active participant, above the $2,416 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 Amg, Inc. 401(k)?

The average participant account balance was $174,658 for plan year 2024, based on 156 accounts.

Amg, Inc.ESOP

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

AMG, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST · LYNCHBURG, VA · plan year 2024

Employer contribution per participant · 2024

$10,797

Amg, 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 $27,246,720 across 156 participant accounts, with employer contributions averaging $10,797 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 792nd-largest of 2,266 plans among Virginia employers on file, and the 4,830th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$27,246,720
Participants with balances156
Active participants110
Employer contributions$1,187,714
Employee contributions—
Employer contribution per active participant$10,797
Average account balance$174,658
Benefits paid to participants$1,008,608
Plan auditUnmodified (clean) audit opinion
AuditorBROWN, EDWARDS & COMPANY, L.L.P

Plan history3

Yearassets · accounts · employer contribution

2024$27.2M · 156 accts · $1.2M emplr

2023$26.7M · 152 accts · $1.2M emplr

2022$21.8M · 144 accts · $1.0M emplr

Employer contributions to the Amg, Inc. plan · 2024

Employer contribution per active participant$10,797

Median for plans this size$2,416

2024$10,797 per active participant

2023$10,849 per active participant

2022$9,282 per active participant

Amg, 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.

Recordkeeper by year2

2024AMERICAN TRUST, HCI-EBS, INC.

2023AMERICAN TRUST, HCI-EBS, INC.

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Administrative cost history3

2024Not separately reported

2023Not separately reported

2022Not separately reported

All plans at this employer2

AMG, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUSTESOP

AMG, INC 401(K) PLAN401(k)

Same employer

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

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Source: U.S. Department of Labor, Form 5500 series, EIN 541044632 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.