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

In 2024, employer contributions to the Atap, Inc. plan averaged $7,214 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 Atap, Inc. 401(k)?

The average participant account balance was $95,579 for plan year 2024, based on 134 accounts.

Atap, Inc.ESOP

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

ATAP, INC. EMPLOYEE STOCK OWNERSHIP PLAN · EASTABOGA, AL · plan year 2024

Employer contribution per participant · 2024

$7,214

Atap, 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 $12,807,635 across 134 participant accounts, with employer contributions averaging $7,214 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 399th-largest of 902 plans among Alabama employers on file, and 7,781st of 13,661 in manufacturing.

Plan summary
Net assets, end of year$12,807,635
Participants with balances134
Active participants77
Employer contributions$555,455
Employee contributions—
Employer contribution per active participant$7,214
Average account balance$95,579
Benefits paid to participants$556,243
Plan auditUnmodified (clean) audit opinion
AuditorWARREN AVERETT, LLC

Plan history3

Yearassets · accounts · employer contribution

2024$12.8M · 134 accts · $555K emplr

2023$11.1M · 130 accts · $1.2M emplr

2022$9.5M · 140 accts · $1.2M emplr

Employer contributions to the Atap, Inc. plan · 2024

Employer contribution per active participant$7,214

Median for plans this size$2,416

2024$7,214 per active participant

2023$16,260 per active participant

2022$15,068 per active participant

Atap, 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.

Administrative cost history3

2024Not separately reported

2023Not separately reported

2022Not separately reported

All plans at this employer2

ATAP, INC. RETIREMENT PLAN401(k)

ATAP, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP

Similar plansManufacturing · Alabama
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System Dynamics International, Inc. AL$13.2M · 0.39%
Alphapet, Inc. AL$13.0M · 0.17%
National Cement Company of Alabama, Inc. AL$12.9M · 0.23%
Hanon Systems USA, LLC AL$12.3M · 0.07%
Homeland Vinyl Products, Inc. AL$12.2M · 0.04%
Metalplate Galvanizing, Inc. AL$12.2M · 0.26%
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Source: U.S. Department of Labor, Form 5500 series, EIN 631011948 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.