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

In 2024, employer contributions to the Bamco, Inc. plan averaged $15,687 per active participant, above the $540 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 Bamco, Inc. 401(k)?

The average participant account balance was -$13,095 for plan year 2024, based on 120 accounts.

Bamco, Inc.ESOP

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

BAMCO, INC. EMPLOYEE STOCK OWNERSHIP PLAN · MIDDLESEX, NJ · plan year 2024

Employer contribution per participant · 2024

$15,687

Bamco, 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 -$1,571,411 across 120 participant accounts, with employer contributions averaging $15,687 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other construction employers. active participation has grown from 99 to 133 since 2022.

Plan summary
Net assets, end of year-$1,571,411
Participants with balances120
Active participants133
Employer contributions$2,086,312
Employee contributions—
Employer contribution per active participant$15,687
Average account balance-$13,095
Benefits paid to participants$83,514
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH+BROWN, PC.

Plan history3

Yearassets · accounts · employer contribution

2024$-1.6M · 120 accts · $2.1M emplr

2023$-5.9M · 108 accts · $2.1M emplr

2022$-8.4M · 111 accts · $2.2M emplr

Employer contributions to the Bamco, Inc. plan · 2024

Employer contribution per active participant$15,687

Median for plans this size$540

2024$15,687 per active participant

2023$22,646 per active participant

2022$21,950 per active participant

Bamco, Inc.'s 2024 employer contribution ran above the $540 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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Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 222706064 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.