How much does Equus Holdings, Inc. contribute to its ESOP?

In 2023, employer contributions to the Equus Holdings, Inc. plan averaged $1,163 per active participant, below the $3,659 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 Equus Holdings, Inc. 401(k)?

The average participant account balance was $348,085 for plan year 2023, based on 287 accounts.

Equus Holdings, Inc.ESOP

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

EQUUS HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · BLOOMINGTON, MN · plan year 2023

Employer contribution per participant · 2023

$1,163

Equus Holdings, Inc.'s 2023 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 $99,900,384 across 287 participant accounts, with employer contributions averaging $1,163 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 9,317 comparable plans and shown alongside other manufacturing employers. By assets it is the 276th-largest of 1,918 plans among Minnesota employers on file, and the 1,916th of 13,661 in manufacturing. active participation has shrunk from 136 to 120 since 2022.

Plan summary
Net assets, end of year$99,900,384
Participants with balances287
Active participants120
Employer contributions$139,508
Employee contributions—
Employer contribution per active participant$1,163
Average account balance$348,085
Benefits paid to participants$3,727,820
Plan auditUnmodified (clean) audit opinion
AuditorGRANT THORNTON, LLP

Plan history3

Yearassets · accounts · employer contribution

2024$87.1M · 286 accts · $140K emplr

2023$99.9M · 287 accts · $140K emplr

2022$86.6M · 281 accts · $599K emplr

Employer contributions to the Equus Holdings, Inc. plan · 2023

Employer contribution per active participant$1,163

Median for plans this size$3,659

2024$1,292 per active participant

2023$1,163 per active participant

2022$4,402 per active participant

Equus Holdings, Inc.'s 2023 employer contribution ran below the $3,659 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

2023Not separately reported

2022Not separately reported

All plans at this employer2

EQUUS EMPLOYEE SAVINGS AND RETIREMENT PLAN401(k)

EQUUS HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP

Same employer

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

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Source: U.S. Department of Labor, Form 5500 series, EIN 411827055 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.