BONITZ, INC. EMPLOYEE STOCK OWNERSHIP PLAN · CONCORD, SC · plan year 2024
Employer contribution per participant · 2024
$6,442
Bonitz, 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 $71,589,964 across 498 participant accounts, with employer contributions averaging $6,442 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 10,352 comparable plans and shown alongside other construction employers. By assets it is the 82nd-largest of 807 plans among South Carolina employers on file, and the 816th of 5,337 in construction.
Plan summary
Net assets, end of year$71,589,964
Participants with balances498
Active participants326
Employer contributions$2,100,000
Employee contributions—
Employer contribution per active participant$6,442
Employer contributions to the Bonitz, Inc. plan · 2024
Employer contribution per active participant$6,442
Median for plans this size$3,635
2024$6,442 per active participant
2023$6,013 per active participant
2022$15,974 per active participant
Bonitz, Inc.'s 2024 employer contribution ran above the $3,635 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.
Source: U.S. Department of Labor, Form 5500 series, EIN 570835835 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.