How much does Building Plastics, Inc. contribute to its ESOP?

In 2024, employer contributions to the Building Plastics, Inc. plan averaged $5,691 per active participant, above the $3,635 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 Building Plastics, Inc. 401(k)?

The average participant account balance was $83,608 for plan year 2024, based on 616 accounts.

Building Plastics, Inc.ESOP

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

BUILDING PLASTICS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · MEMPHIS, TN · plan year 2024

Employer contribution per participant · 2024

$5,691

Building Plastics, 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 $51,502,518 across 616 participant accounts, with employer contributions averaging $5,691 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 manufacturing employers. By assets it is the 279th-largest of 1,496 plans among Tennessee employers on file, and the 3,085th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$51,502,518
Participants with balances616
Active participants369
Employer contributions$2,100,000
Employee contributions—
Employer contribution per active participant$5,691
Average account balance$83,608
Benefits paid to participants$2,542,554
Plan auditUnmodified (clean) audit opinion
AuditorWATKINS UIBERALL, PLLC

Plan history3

Yearassets · accounts · employer contribution

2024$51.5M · 616 accts · $2.1M emplr

2023$50.5M · 659 accts · $1.6M emplr

2022$43.5M · 684 accts · $1.8M emplr

Employer contributions to the Building Plastics, Inc. plan · 2024

Employer contribution per active participant$5,691

Median for plans this size$3,635

2024$5,691 per active participant

2023$4,348 per active participant

2022$5,158 per active participant

Building Plastics, 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.

Administrative cost history3

2024Not separately reported

2023$3,564 · 0.01%

2022Not separately reported

All plans at this employer2

BUILDING PLASTICS, INC. PROFIT SHARING PLAN401(k)

BUILDING PLASTICS, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP

Same employer

Building Plastics, Inc.'s health & benefits plan: carriers, premiums & broker pay

Similar plansManufacturing · Tennessee
Kasai North America, Inc. TN$55.7M · 0.79%
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Steel Connect, Inc. TN$54.3M · 0.02%
Gibson Brands, Inc. TN$53.5M · 0.25%
Ideal Clamp Products, Inc. TN$50.3M · 0.26%
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Source: U.S. Department of Labor, Form 5500 series, EIN 621073161 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.