How much does Bi-Mart Corporation contribute to its ESOP?

In 2022, employer contributions to the Bi-Mart Corporation plan averaged $3,293 per active participant, below the $3,449 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 Bi-Mart Corporation 401(k)?

The average participant account balance was $85,588 for plan year 2022, based on 2,957 accounts.

Bi-Mart CorporationESOP

Name: Bi-Mart Corporation 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

BI-MART CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN · EUGENE, OR · plan year 2022

Employer contribution per participant · 2022

$3,293

Bi-Mart Corporation's 2022 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 $253,084,668 across 2,957 participant accounts, with employer contributions averaging $3,293 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 9,341 comparable plans and shown alongside other retail trade employers. By assets it is the 45th-largest of 1,021 plans among Oregon employers on file, and the 182nd of 5,215 in retail trade.

Plan summary
Net assets, end of year$253,084,668
Participants with balances2,957
Active participants1,981
Employer contributions$6,522,579
Employee contributions—
Employer contribution per active participant$3,293
Average account balance$85,588
Benefits paid to participants$24,248,749
Plan auditUnmodified (clean) audit opinion
AuditorMOSS ADAMS LLP

Plan history3

Yearassets · accounts · employer contribution

2024$141.2M · 3,259 accts

2023$210.2M · 3,044 accts · $6.5M emplr

2022$253.1M · 2,957 accts · $6.5M emplr

Employer contributions to the Bi-Mart Corporation plan · 2022

Employer contribution per active participant$3,293

Median for plans this size$3,449

2023$3,171 per active participant

2022$3,293 per active participant

Bi-Mart Corporation's 2022 employer contribution ran below the $3,449 median for plans its size. 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

BI-MART CORPORATION DEFINED CONTRIBUTION RETIREMENT PLAN401(k)

BI-MART CORPORATION EMPLOYEE STOCK OWNERSHIP PLANESOP

Same employer

Bi-Mart Corporation's health & benefits plan: carriers, premiums & broker pay

Similar plansRetail Trade · Oregon
Lithia Motors, Inc. OR$1.0B · 0.18%
Les Schwab Warehouse Center, LLC OR$864.7M · 0.36%
Pacific Office Automation, Inc. OR$157.4M · 0.20%
Tec Equipment, Inc. OR$84.2M · 0.29%
New Seasons Market LLC OR$69.5M · 0.40%
Jerry's Building Materials, Inc OR$59.9M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954159373 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.