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

In 2023, employer contributions to the Food City Holdings, Inc. plan averaged $3,799 per active participant, above the $522 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 Food City Holdings, Inc. 401(k)?

The average participant account balance was -$21,173 for plan year 2023, based on 201 accounts.

Food City Holdings, Inc.ESOP

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

FOOD CITY HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · LEWISTON, ME · plan year 2023

Employer contribution per participant · 2023

$3,799

Food City 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 -$4,255,719 across 201 participant accounts, with employer contributions averaging $3,799 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 1,192 comparable plans and shown alongside other wholesale trade employers.

Plan summary
Net assets, end of year-$4,255,719
Participants with balances201
Active participants183
Employer contributions$695,225
Employee contributions—
Employer contribution per active participant$3,799
Average account balance-$21,173
Benefits paid to participants$41,391
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP

Plan history3

Yearassets · accounts · employer contribution

2024$-6.3M · 194 accts · $678K emplr

2023$-4.3M · 201 accts · $695K emplr

2022$-5.1M · 206 accts · $677K emplr

Employer contributions to the Food City Holdings, Inc. plan · 2023

Employer contribution per active participant$3,799

Median for plans this size$522

2024$3,921 per active participant

2023$3,799 per active participant

2022$3,721 per active participant

Food City Holdings, Inc.'s 2023 employer contribution ran above the $522 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

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Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 832439063 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.