Plan Ledger DOL Form 5500 · updated monthly

Dillon Yarn CorporationESOP

DILLON YARN CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN · BOCA RATON, FL · plan year 2024

Employer contribution per participant · 2024
$58,560

Dillon Yarn Corporation'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 $7,639,161 across 129 participant accounts, with employer contributions averaging $58,560 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 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Florida (2,069th of 3,644), and 9,836th of 13,661 in manufacturing. active participation has shrunk from 24 to 18 since 2022.

Plan summary
Net assets, end of year$7,639,161
Participants with balances129
Active participants18
Employer contributions$1,054,073
Employee contributions—
Employer contribution per active participant$58,560
Average account balance$59,218
Benefits paid to participants$902,456
Plan auditUnmodified (clean) audit opinion
AuditorDORFMAN ABRAMS MUSIC LLC
Plan history3
Yearassets · accounts · employer contribution
2024$7.6M · 129 accts · $1.1M emplr
2023$7.2M · 137 accts · $820K emplr
2022$7.1M · 160 accts · $793K emplr
Employer contributions to the Dillon Yarn Corporation plan · 2024
Employer contribution per active participant$58,560
Median for plans this size$1,313
2024$58,560 per active participant
2023$40,993 per active participant
2022$33,029 per active participant

Dillon Yarn Corporation's 2024 employer contribution ran above the $1,313 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
Similar plansManufacturing · Florida
Perko, Inc. FL$7.8M · 0.44%
Airspan Networks Inc. FL$7.6M · 0.44%
Cirkul, Inc. FL$7.5M · 0.80%
Jl Marine Systems, Inc. FL$7.5M · 0.42%
Tampa Microwave, LLC FL$7.4M · 0.84%

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Source: U.S. Department of Labor, Form 5500 series, EIN 132671306 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.