Plan Ledger DOL Form 5500 · updated monthly

Employee Benefits CorporationESOP

EMPLOYEE BENEFITS CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN · MADISON, WI · plan year 2024

Employer contribution per participant · 2024
$17,724

Employee Benefits 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 $64,414,790 across 140 participant accounts, with employer contributions averaging $17,724 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 finance & insurance employers. By assets it is the 340th-largest of 1,936 plans among Wisconsin employers on file, and the 1,375th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$64,414,790
Participants with balances140
Active participants132
Employer contributions$2,339,507
Employee contributions—
Employer contribution per active participant$17,724
Average account balance$460,106
Benefits paid to participants$10,482,106
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2024$64.4M · 140 accts · $2.3M emplr
2023$60.2M · 148 accts · $2.1M emplr
2022$57.0M · 131 accts · $1.9M emplr
2021$39.4M · 131 accts · $1.9M emplr
Employer contributions to the Employee Benefits Corporation plan · 2024
Employer contribution per active participant$17,724
Median for plans this size$3,635
2024$17,724 per active participant
2023$15,093 per active participant
2022$15,296 per active participant
2021$14,710 per active participant

Employee Benefits Corporation's 2024 employer contribution ran above the $3,635 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.

Recordkeeper by year2
2024Alerus
2023Alerus

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Administrative cost history4
2024Not separately reported
2023Not separately reported
2022Not separately reported
2021Not separately reported
All plans at this employer2
EMPLOYEE BENEFITS CORPORATION 401(K) PLAN AND TRUST401(k)
EMPLOYEE BENEFITS CORPORATION EMPLOYEE STOCK OWNERSHIP PLANESOP
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Source: U.S. Department of Labor, Form 5500 series, EIN 392044064 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.