Plan Ledger DOL Form 5500 · updated monthly

Duramax Global CorpESOP

DURAMAX GLOBAL CORP EMPLOYEE STOCK OWNERSHIP PLAN · HIRAM, OH · plan year 2024

Employer contribution per participant · 2024
$4,434

Duramax Global Corp'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 $84,836,927 across 103 participant accounts, with employer contributions averaging $4,434 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 428th-largest of 3,295 plans among Ohio employers on file, and the 2,154th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$84,836,927
Participants with balances103
Active participants85
Employer contributions$376,871
Employee contributions—
Employer contribution per active participant$4,434
Average account balance$823,659
Benefits paid to participants$20,722,096
Plan auditUnmodified (clean) audit opinion
AuditorBOBER MARKEY FEDOROVICH
Plan history3
Yearassets · accounts · employer contribution
2024$84.8M · 103 accts · $377K emplr
2023$84.0M · 98 accts · $654K emplr
2022$70.5M · 101 accts · $587K emplr
Employer contributions to the Duramax Global Corp plan · 2024
Employer contribution per active participant$4,434
Median for plans this size$3,635
2024$4,434 per active participant
2023$8,498 per active participant
2022$7,436 per active participant

Duramax Global Corp's 2024 employer contribution ran above the $3,635 median for plans its size. 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 · Ohio
Fastener Industries, Inc. OH$88.5M · 0.00%
De Nora Tech, LLC. OH$86.2M · 0.04%
Americhem, Inc. OH$84.9M · 0.11%
The Scott Fetzer Company OH$84.6M · 0.23%
State Industrial Products OH$83.7M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461605497 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.