How much does Central States Manufacturing, Inc. contribute to its ESOP?

In 2022, employer contributions to the Central States Manufacturing, Inc. plan averaged $2,532 per active participant, below the $4,065 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 Central States Manufacturing, Inc. 401(k)?

The average participant account balance was $212,290 for plan year 2022, based on 1,329 accounts.

Central States Manufacturing, Inc.ESOP

Name: Central States Manufacturing, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

CENTRAL STATES MANUFACTURING, INC. EMPLOYEE STOCK OWNERSHIP PLAN · TONTITOWN, AR · plan year 2022

Employer contribution per participant · 2022

$2,532

Central States Manufacturing, Inc.'s 2022 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 $282,133,608 across 1,329 participant accounts, with employer contributions averaging $2,532 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $250M–$1B size bracket, benchmarked here against 2,568 comparable plans and shown alongside other manufacturing employers. By assets it is the 20th-largest of 456 plans among Arkansas employers on file, and the 891st of 13,661 in manufacturing.

Plan summary
Net assets, end of year$282,133,608
Participants with balances1,329
Active participants1,108
Employer contributions$2,805,486
Employee contributions—
Employer contribution per active participant$2,532
Average account balance$212,290
Benefits paid to participants$20,056,921
Plan auditUnmodified (clean) audit opinion
AuditorHOGAN TAYLOR LLP

Employer contributions to the Central States Manufacturing, Inc. plan · 2022

Employer contribution per active participant$2,532

Median for plans this size$4,065

Central States Manufacturing, Inc.'s 2022 employer contribution ran below the $4,065 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.

All plans at this employer2

CENTRAL STATES MANUFACTURING, INC. 401(K) SAVINGS PLAN401(k)

CENTRAL STATES MANUFACTURING, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP

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Source: U.S. Department of Labor, Form 5500 series, EIN 710551254 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.