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

In 2024, employer contributions to the Beemac, Inc. plan averaged $17,423 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 Beemac, Inc. 401(k)?

The average participant account balance was $19,203 for plan year 2024, based on 108 accounts.

Beemac, Inc.ESOP

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

BEEMAC, INC. EMPLOYEE STOCK OWNERSHIP PLAN · AMBRIDGE, PA · plan year 2024

Employer contribution per participant · 2024

$17,423

Beemac, 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 $2,073,872 across 108 participant accounts, with employer contributions averaging $17,423 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 transportation & warehousing employers. By assets it is among the smaller plans on file in Pennsylvania (3,334th of 3,651), and 2,094th of 2,677 in transportation & warehousing. active participation has grown from 74 to 91 since 2022.

Plan summary
Net assets, end of year$2,073,872
Participants with balances108
Active participants91
Employer contributions$1,585,488
Employee contributions—
Employer contribution per active participant$17,423
Average account balance$19,203
Plan auditUnmodified (clean) audit opinion
AuditorCOHEN & COMPANY. LTD.

Plan history3

Yearassets · accounts · employer contribution

2024$2.1M · 108 accts · $1.6M emplr

2023$-12.2M · 104 accts · $1.8M emplr

2022$-7.0M · 125 accts · $1.5M emplr

Employer contributions to the Beemac, Inc. plan · 2024

Employer contribution per active participant$17,423

Median for plans this size$540

2024$17,423 per active participant

2023$19,914 per active participant

2022$19,935 per active participant

Beemac, 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

Similar plansTransportation & Warehousing · Pennsylvania
Regional Rail, LLC PA$2.6M · 0.55%
Jle Industries, LLC PA$2.3M · 0.96%
Bucks County Transport PA$2.2M · 0.76%
Blue Bird Bus Sales of Pittsburgh, Inc. PA$2.2M · 0.55%
Burgmeier Hauling, Inc. PA$2.0M · 1.24%
Mlaker LLC PA$1.9M · 0.40%
Wolfington Body Company, Inc. PA$1.9M · 0.50%
Imperial River Transport LLC PA$1.9M · 1.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 841952858 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.