How much does Ecmd, Inc. contribute to its ESOP?

In 2024, employer contributions to the Ecmd, Inc. plan averaged $1,250 per active participant, below the $3,635 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 Ecmd, Inc. 401(k)?

The average participant account balance was $133,930 for plan year 2024, based on 986 accounts.

Ecmd, Inc.ESOP

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

ECMD, INC. EMPLOYEE STOCK OWNERSHIP PLAN · NORTH WILKESBORO, NC · plan year 2024

Employer contribution per participant · 2024

$1,250

Ecmd, Inc.'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 $132,054,985 across 986 participant accounts, with employer contributions averaging $1,250 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio fell from 0.000% to 0.000%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 162nd-largest of 2,005 plans among North Carolina employers on file, and the 335th of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$132,054,985
Participants with balances986
Active participants853
Employer contributions$1,066,236
Employee contributions—
Employer contribution per active participant$1,250
Average account balance$133,930
Benefits paid to participants$245,063
Plan auditUnmodified (clean) audit opinion
AuditorFORVIS MAZARS, LLP

Plan history3

Yearassets · accounts · employer contribution

2024$132.1M · 986 accts · $1.1M emplr

2023$109.8M · 943 accts · $1.7M emplr

2022$44.3M · 865 accts · $841K emplr

Employer contributions to the Ecmd, Inc. plan · 2024

Employer contribution per active participant$1,250

Median for plans this size$3,635

2024$1,250 per active participant

2023$2,035 per active participant

2022$1,057 per active participant

Ecmd, Inc.'s 2024 employer contribution ran below the $3,635 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

2023$30 · 0.00%

2022$45 · 0.00%

All plans at this employer2

ECMD, INC. PROFIT SHARING 401(K) PLAN401(k)

ECMD, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP

Same employer

Ecmd, Inc.'s health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 561318735 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.