How much does Bcc Holding Inc. contribute to its ESOP?

In 2024, employer contributions to the Bcc Holding Inc. plan averaged $4,590 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 Bcc Holding Inc. 401(k)?

The average participant account balance was $107,954 for plan year 2024, based on 155 accounts.

Bcc Holding Inc.ESOP

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

BCC HOLDING INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST · NEWPORT NEWS, VA · plan year 2024

Employer contribution per participant · 2024

$4,590

Bcc Holding 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 $16,732,845 across 155 participant accounts, with employer contributions averaging $4,590 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 management of companies employers. By assets it is the 1,110th-largest of 2,266 plans among Virginia employers on file, and 473rd of 786 in management of companies.

Plan summary
Net assets, end of year$16,732,845
Participants with balances155
Active participants74
Employer contributions$339,648
Employee contributions—
Employer contribution per active participant$4,590
Average account balance$107,954
Benefits paid to participants$611,851
Plan auditUnmodified (clean) audit opinion
AuditorBROWN, EDWARDS AND COMPANY LLP

Plan history3

Yearassets · accounts · employer contribution

2024$16.7M · 155 accts · $340K emplr

2023$11.6M · 167 accts · $340K emplr

2022$9.7M · 164 accts · $364K emplr

Employer contributions to the Bcc Holding Inc. plan · 2024

Employer contribution per active participant$4,590

Median for plans this size$2,416

2024$4,590 per active participant

2023$4,588 per active participant

2022$4,856 per active participant

Bcc Holding 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

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Source: U.S. Department of Labor, Form 5500 series, EIN 300756214 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.