Plan Ledger DOL Form 5500 · updated monthly

Choate Construction CompanyESOP

CHOATE CONSTRUCTION COMPANY EMPLOYEE STOCK OWNERSHIP PLAN · ATLANTA, GA · plan year 2024

Employer contribution per participant · 2024
$38,495

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.

Plan summary
Net assets, end of year$497,827,842
Participants with balances707
Active participants463
Employer contributions$17,823,262
Employee contributions—
Employer contribution per active participant$38,495
Average account balance$704,141
Benefits paid to participants$7,835,657
Plan auditUnmodified (clean) audit opinion
AuditorHLB GROSS COLLINS, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$497.8M · 707 accts · $17.8M emplr
2023$352.4M · 653 accts · $17.0M emplr
2022$259.1M · 573 accts · $14.3M emplr
Employer contributions to the Choate Construction Company plan · 2024
Employer contribution per active participant$38,495
Median for plans this size$4,294
2024$38,495 per active participant
2023$37,260 per active participant
2022$34,996 per active participant

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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
All plans at this employer2
CHOATE CONSTRUCTION COMPANY PROFIT SHARING PLAN401(k)
CHOATE CONSTRUCTION COMPANY EMPLOYEE STOCK OWNERSHIP PLANESOP
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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.