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

In 2024, employer contributions to the Bridges ESOP, Inc. plan averaged $3,172 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 Bridges ESOP, Inc. 401(k)?

The average participant account balance was -$17,209 for plan year 2024, based on 2,013 accounts.

Bridges ESOP, Inc.ESOP

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

BRIDGES HEALTH EMPLOYEE STOCK OWNERSHIP PLAN · OKLAHOMA CITY, OK · plan year 2024

Employer contribution per participant · 2024

$3,172

Bridges ESOP, 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 -$34,642,575 across 2,013 participant accounts, with employer contributions averaging $3,172 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 health care & social assistance employers.

Plan summary
Net assets, end of year-$34,642,575
Participants with balances2,013
Active participants1,567
Employer contributions$4,970,727
Employee contributions—
Employer contribution per active participant$3,172
Average account balance-$17,209
Benefits paid to participants$54,913
Plan auditUnmodified (clean) audit opinion
AuditorEIDE BAILLY, LLP

Plan history3

Yearassets · accounts · employer contribution

2024$-34.6M · 2,013 accts · $5.0M emplr

2023$-55.4M · 1,970 accts · $4.9M emplr

2022$-55.4M · 1,664 accts · $4.9M emplr

Employer contributions to the Bridges ESOP, Inc. plan · 2024

Employer contribution per active participant$3,172

Median for plans this size$540

2024$3,172 per active participant

2023$3,266 per active participant

2022$3,382 per active participant

Bridges ESOP, 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

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Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 854390241 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.