Choate Construction CompanyESOP
CHOATE CONSTRUCTION COMPANY EMPLOYEE STOCK OWNERSHIP PLAN · ATLANTA, GA · plan year 2024
Choate Construction Company'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 $497,827,842 across 707 participant accounts, with employer contributions averaging $38,495 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 2,883 comparable plans and shown alongside other construction employers. By assets it is the 80th-largest of 2,160 plans among Georgia employers on file, and the 141st of 5,337 in construction. active participation has grown from 409 to 463 since 2022.
Choate Construction Company's 2024 employer contribution ran above the $4,294 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 581851823 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.