Plan Ledger DOL Form 5500 · updated monthly

Plymold,CoESOP

FOLDCRAFT CO. EMPLOYEE STOCK OWNERSHIP PLAN · KENYON, MN · plan year 2023

Employer contribution per participant · 2023
$5,822

Plymold,Co'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 $9,551,352 across 301 participant accounts, with employer contributions averaging $5,822 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Minnesota (1,332nd of 1,918), and 8,996th of 13,661 in manufacturing. active participation has grown from 107 to 120 since 2022.

Plan summary
Net assets, end of year$9,551,352
Participants with balances301
Active participants120
Employer contributions$698,689
Employee contributions—
Employer contribution per active participant$5,822
Average account balance$31,732
Benefits paid to participants$698,689
Plan auditUnmodified (clean) audit opinion
AuditorREDPATH AND COMPANY, LTD
Plan history3
Yearassets · accounts · employer contribution
2024$9.5M · 289 accts · $867K emplr
2023$9.6M · 301 accts · $699K emplr
2022$7.2M · 316 accts · $256K emplr
Employer contributions to the Plymold,Co plan · 2023
Employer contribution per active participant$5,822
Median for plans this size$1,308
2024$7,671 per active participant
2023$5,822 per active participant
2022$2,393 per active participant

Plymold,Co's 2023 employer contribution ran above the $1,308 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022$10 · 0.00%
All plans at this employer2
FOLDCRAFT CO. EMPLOYEE STOCK OWNERSHIP PLANESOP
PLYMOLD 401(K) SAVINGS PLAN401(k)
Similar plansManufacturing · Minnesota
American Converters, Inc. MN$9.8M · 0.04%
Advantek, LLC MN$9.5M · 0.43%
J & E Manufacturing Co. MN$9.0M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410762579 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.