How much does Electric Plus, Inc contribute to its ESOP?

In 2024, employer contributions to the Electric Plus, Inc plan averaged $8,506 per active participant, above the $540 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 Electric Plus, Inc 401(k)?

The average participant account balance was -$77,470 for plan year 2024, based on 436 accounts.

Electric Plus, IncESOP

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

ELECTRIC PLUS EMPLOYEE STOCK OWNERSHIP PLAN · AVON, IN · plan year 2024

Employer contribution per participant · 2024

$8,506

Electric Plus, 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 -$33,776,774 across 436 participant accounts, with employer contributions averaging $8,506 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other construction employers.

Plan summary
Net assets, end of year-$33,776,774
Participants with balances436
Active participants438
Employer contributions$3,725,720
Employee contributions—
Employer contribution per active participant$8,506
Average account balance-$77,470
Plan auditUnmodified (clean) audit opinion
AuditorKATZ, SAPPER & MILLER, LLP

Employer contributions to the Electric Plus, Inc plan · 2024

Employer contribution per active participant$8,506

Median for plans this size$540

Electric Plus, Inc's 2024 employer contribution ran above the $540 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 204439452 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.