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

In 2024, employer contributions to the Folience, Inc. plan averaged $6,233 per active participant, above the $2,416 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 Folience, Inc. 401(k)?

The average participant account balance was $58,993 for plan year 2024, based on 703 accounts.

Folience, Inc.ESOP

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

FOLIENCE, INC. EMPLOYEE STOCK OWNERSHIP PLAN · CEDAR RAPIDS, IA · plan year 2024

Employer contribution per participant · 2024

$6,233

Folience, 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 $41,471,960 across 703 participant accounts, with employer contributions averaging $6,233 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 227th-largest of 878 plans among Iowa employers on file, and the 610th of 2,199 in information & media.

Plan summary
Net assets, end of year$41,471,960
Participants with balances703
Active participants436
Employer contributions$2,717,654
Employee contributions—
Employer contribution per active participant$6,233
Average account balance$58,993
Benefits paid to participants$3,986,671
Plan auditUnmodified (clean) audit opinion
AuditorFORVIS MAZARS, LLP

Plan history3

Yearassets · accounts · employer contribution

2024$41.5M · 703 accts · $2.7M emplr

2023$39.0M · 733 accts · $3.3M emplr

2022$36.1M · 708 accts · $2.4M emplr

Employer contributions to the Folience, Inc. plan · 2024

Employer contribution per active participant$6,233

Median for plans this size$2,416

2024$6,233 per active participant

2023$7,739 per active participant

2022$5,736 per active participant

Folience, Inc.'s 2024 employer contribution ran above the $2,416 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

2022Not separately reported

All plans at this employer2

FOLIENCE 401(K) SAVINGS PLAN401(k)

FOLIENCE, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP

Same employer

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

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Source: U.S. Department of Labor, Form 5500 series, EIN 420269570 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.