How much does Comsonics, Inc. contribute to its ESOP?

In 2023, employer contributions to the Comsonics, Inc. plan averaged $14,068 per active participant, above the $2,440 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 Comsonics, Inc. 401(k)?

The average participant account balance was $45,680,620 for plan year 2023, based on 1 accounts.

Comsonics, Inc.ESOP

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

COMSONICS, INC. EMPLOYEE STOCK OWNERSHIP TRUST · HARRISONBURG, VA · plan year 2023

Employer contribution per participant · 2023

$14,068

Comsonics, 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 $45,680,620 across 1 participant accounts, with employer contributions averaging $14,068 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 529th-largest of 2,266 plans among Virginia employers on file, and the 3,362nd of 13,661 in manufacturing. active participation has grown from 248 to 283 since 2022.

Plan summary
Net assets, end of year$45,680,620
Participants with balances1
Active participants283
Employer contributions$3,981,176
Employee contributions—
Employer contribution per active participant$14,068
Average account balance$45,680,620
Benefits paid to participants$2,979,651
Plan auditUnmodified (clean) audit opinion
AuditorBROWN, EDWARDS COMPANY, LLP

Plan history3

Yearassets · accounts · employer contribution

2024$37.8M · 425 accts · $4.5M emplr

2023$45.7M · 1 accts · $4.0M emplr

2022$30.1M · 388 accts · $2.7M emplr

Employer contributions to the Comsonics, Inc. plan · 2023

Employer contribution per active participant$14,068

Median for plans this size$2,440

2024$18,638 per active participant

2023$14,068 per active participant

2022$11,055 per active participant

Comsonics, Inc.'s 2023 employer contribution ran above the $2,440 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

COMSONICS, INC. EMPLOYEE STOCK OWNERSHIP TRUSTESOP

COMSONICS, INC. 401(K) PLAN401(k)

Same employer

Comsonics, Inc.'s health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 540903308 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.