How much does Dhe Plumbing and Mechanical, Inc. contribute to its ESOP?

In 2023, employer contributions to the Dhe Plumbing and Mechanical, Inc. plan averaged $9,323 per active participant, above the $1,308 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 Dhe Plumbing and Mechanical, Inc. 401(k)?

The average participant account balance was $11,579 for plan year 2023, based on 171 accounts.

Dhe Plumbing and Mechanical, Inc.ESOP

Name: Dhe Plumbing and Mechanical, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

DHE EMPLOYEE STOCK OWNERSHIP PLAN · GRANDVILLE, MI · plan year 2023

Employer contribution per participant · 2023

$9,323

Dhe Plumbing and Mechanical, 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 $1,979,949 across 171 participant accounts, with employer contributions averaging $9,323 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Michigan (2,363rd of 2,619), and 4,835th of 5,337 in construction.

Plan summary
Net assets, end of year$1,979,949
Participants with balances171
Active participants181
Employer contributions$1,687,417
Employee contributions—
Employer contribution per active participant$9,323
Average account balance$11,579
Plan auditUnmodified (clean) audit opinion
AuditorDOLINKA VANNOORD & COMPANY, PLLP

Employer contributions to the Dhe Plumbing and Mechanical, Inc. plan · 2023

Employer contribution per active participant$9,323

Median for plans this size$1,308

Dhe Plumbing and Mechanical, Inc.'s 2023 employer contribution ran above the $1,308 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 933012968 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.