Bandit Holding Company, Inc.ESOP
BANDIT HOLDING COMPANY, INC. EMPLOYEE STOCK OWNERSHIP PLAN · REMUS, MI · plan year 2023
Bandit Holding Company, Inc.'s 2023 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 $141,434,551 across 796 participant accounts, with employer contributions averaging $7,173 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other manufacturing employers. By assets it is the 209th-largest of 2,619 plans among Michigan employers on file, and the 1,481st of 13,661 in manufacturing.
Bandit Holding Company, Inc.'s 2023 employer contribution ran above the $3,659 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.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 831424284 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.