How much does Desco Industries, Inc. contribute to its ESOP?

In 2023, employer contributions to the Desco Industries, Inc. plan averaged $7,484 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 Desco Industries, Inc. 401(k)?

The average participant account balance was $147,107 for plan year 2023, based on 386 accounts.

Desco Industries, Inc.ESOP

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

DESCO INDUSTRIES, INC. EMPLOYEE STOCK OWNERSHIP PLAN · CHINO, CA · plan year 2023

Employer contribution per participant · 2023

$7,484

Desco Industries, 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 $56,783,183 across 386 participant accounts, with employer contributions averaging $7,484 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 1,597th-largest of 9,483 plans among California employers on file, and the 2,868th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$56,783,183
Participants with balances386
Active participants319
Employer contributions$2,387,500
Employee contributions—
Employer contribution per active participant$7,484
Average account balance$147,107
Benefits paid to participants$2,401,991
Plan auditUnmodified (clean) audit opinion
AuditorKHO & PATEL, CPAS

Plan history2

Yearassets · accounts · employer contribution

2023$56.8M · 386 accts · $2.4M emplr

2022$42.8M · 371 accts · $2.3M emplr

Employer contributions to the Desco Industries, Inc. plan · 2023

Employer contribution per active participant$7,484

Median for plans this size$2,440

2023$7,484 per active participant

2022$7,621 per active participant

Desco Industries, 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 history2

2023Not separately reported

2022Not separately reported

All plans at this employer2

DESCO INDUSTRIES, INC. PROFIT SHARING PLANProfit-sharing plan

DESCO INDUSTRIES, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP

Similar plansManufacturing · California
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Gcx Corporation CA$58.0M · 0.16%
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Prudential Lighting Corp. CA$57.6M · 0.06%
Integrated Silicon Solution, Inc. CA$56.6M · 0.18%
Doorking, Inc. CA$56.3M · 0.14%
Daicel America Holdings, Inc. CA$55.7M
Kp LLC CA$55.6M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 953368148 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.