How much does Cast Net Holdings Co. contribute to its ESOP?

In 2024, employer contributions to the Cast Net Holdings Co. plan averaged $22,019 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 Cast Net Holdings Co. 401(k)?

The average participant account balance was -$252,650 for plan year 2024, based on 262 accounts.

Cast Net Holdings Co.ESOP

Name: Cast Net Holdings Co. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

CPT EMPLOYEE STOCK OWNERSHIP PLAN · BAKERSFIELD, CA · plan year 2024

Employer contribution per participant · 2024

$22,019

Cast Net Holdings Co.'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 -$66,194,386 across 262 participant accounts, with employer contributions averaging $22,019 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 manufacturing employers.

Plan summary
Net assets, end of year-$66,194,386
Participants with balances262
Active participants226
Employer contributions$4,976,309
Employee contributions—
Employer contribution per active participant$22,019
Average account balance-$252,650
Plan auditUnmodified (clean) audit opinion
AuditorCBIZ CPAS P.C

Employer contributions to the Cast Net Holdings Co. plan · 2024

Employer contribution per active participant$22,019

Median for plans this size$540

Cast Net Holdings Co.'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.

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Source: U.S. Department of Labor, Form 5500 series, EIN 990461749 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.