Plan Ledger DOL Form 5500 · updated monthly

Anco Engineering, Inc.Profit-sharing plan

ANCO ENGINEERING, INC. PROFIT SHARING PLAN · SHELTON, CT · plan year 2024

Employer contribution per participant · 2024
$7,692

Anco Engineering, 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 $10,372,023 across 200 participant accounts, with employer contributions averaging $7,692 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Connecticut (738th of 1,106), and 7,879th of 11,654 in professional & technical services. active participation has grown from 88 to 104 since 2022.

Plan summary
Net assets, end of year$10,372,023
Participants with balances200
Active participants104
Employer contributions$800,000
Employee contributions—
Employer contribution per active participant$7,692
Average account balance$51,860
Benefits paid to participants$273,518
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 200 accts · $800K emplr
2023$9.4M · 186 accts · $850K emplr
2022$8.3M · 166 accts · $700K emplr
Employer contributions to the Anco Engineering, Inc. plan · 2024
Employer contribution per active participant$7,692
Median for plans this size$1,313
2024$7,692 per active participant
2023$7,727 per active participant
2022$7,955 per active participant

Anco Engineering, Inc.'s 2024 employer contribution ran above the $1,313 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
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Source: U.S. Department of Labor, Form 5500 series, EIN 061117657 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.