How much does Carithers-Wallace-Courtenay Holdings, Inc. contribute to its ESOP?

In 2023, employer contributions to the Carithers-Wallace-Courtenay Holdings, Inc. plan averaged $15,688 per active participant, above the $522 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 Carithers-Wallace-Courtenay Holdings, Inc. 401(k)?

The average participant account balance was -$114,528 for plan year 2023, based on 150 accounts.

Carithers-Wallace-Courtenay Holdings, Inc.ESOP

Name: Carithers-Wallace-Courtenay Holdings, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

CARITHERS-WALLACE-COURTENAY HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · ATLANTA, GA · plan year 2023

Employer contribution per participant · 2023

$15,688

Carithers-Wallace-Courtenay Holdings, Inc.'s 2023 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 -$17,179,186 across 150 participant accounts, with employer contributions averaging $15,688 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 1,192 comparable plans and shown alongside other retail trade employers. active participation has grown from 101 to 135 since 2022.

Plan summary
Net assets, end of year-$17,179,186
Participants with balances150
Active participants135
Employer contributions$2,117,833
Employee contributions—
Employer contribution per active participant$15,688
Average account balance-$114,528
Benefits paid to participants$202,947
Plan auditUnmodified (clean) audit opinion
AuditorWINDHAM BRANNON, LLC

Plan history3

Yearassets · accounts · employer contribution

2024$-18.7M · 157 accts · $1.9M emplr

2023$-17.2M · 150 accts · $2.1M emplr

2022$-26.6M · 145 accts · $1.9M emplr

Employer contributions to the Carithers-Wallace-Courtenay Holdings, Inc. plan · 2023

Employer contribution per active participant$15,688

Median for plans this size$522

2024$12,782 per active participant

2023$15,688 per active participant

2022$19,125 per active participant

Carithers-Wallace-Courtenay Holdings, Inc.'s 2023 employer contribution ran above the $522 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 824173532 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.