Plan Ledger DOL Form 5500 · updated monthly

Darvin Holding CompanyESOP

DARVIN HOLDING COMPANY EMPLOYEE STOCK OWNERSHIP PLAN · ORLAND PARK, IL · plan year 2023

Employer contribution per participant · 2023
$1,076

Darvin Holding Company'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 $49,160,221 across 210 participant accounts, with employer contributions averaging $1,076 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 retail trade employers. By assets it is the 930th-largest of 3,702 plans among Illinois employers on file, and the 659th of 5,215 in retail trade. active participation has shrunk from 214 to 176 since 2022.

Plan summary
Net assets, end of year$49,160,221
Participants with balances210
Active participants176
Employer contributions$189,382
Employee contributions—
Employer contribution per active participant$1,076
Average account balance$234,096
Benefits paid to participants$86,369
Plan auditUnmodified (clean) audit opinion
AuditorVRAKAS CPAS + ADVISORS
Plan history3
Yearassets · accounts · employer contribution
2024$48.7M · 210 accts · $166K emplr
2023$49.2M · 210 accts · $189K emplr
2022$42.8M · 193 accts · $177K emplr
Employer contributions to the Darvin Holding Company plan · 2023
Employer contribution per active participant$1,076
Median for plans this size$2,440
2024$799 per active participant
2023$1,076 per active participant
2022$827 per active participant

Darvin Holding Company's 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom 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
Similar plansRetail Trade · Illinois
Arends Hogan Walker LLC IL$56.6M · 0.02%
Avalign Technologies, Inc. IL$53.6M · 0.23%
Claire's Stores, Inc. IL$52.1M · 0.02%
HAND2MIND, Inc. IL$47.7M · 0.11%
W.S. Darley & Co. IL$44.7M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 842304966 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.