Plan Ledger DOL Form 5500 · updated monthly

G. E. Tignall and Co., Inc.ESOP

G. E. TIGNALL AND CO, INC. EMPLOYEE STOCK OWNERSHIP PLAN · COCKEYSVILLE, MD · plan year 2021

Employer contribution per participant · 2021
$11,538

G. E. Tignall and Co., Inc.'s 2021 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 $25,059,020 across 131 participant accounts, with employer contributions averaging $11,538 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 109 comparable plans and shown alongside other construction employers. By assets it is the 552nd-largest of 1,671 plans among Maryland employers on file, and the 1,736th of 5,337 in construction. active participation has grown from 55 to 65 since 2020.

Plan summary
Net assets, end of year$25,059,020
Participants with balances131
Active participants65
Employer contributions$750,000
Employee contributions—
Employer contribution per active participant$11,538
Average account balance$191,290
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2023$24.3M · 116 accts · $805K emplr
2022$23.5M · 117 accts · $700K emplr
2021$25.1M · 131 accts · $750K emplr
2020$24.2M · 113 accts · $750K emplr
Employer contributions to the G. E. Tignall and Co., Inc. plan · 2021
Employer contribution per active participant$11,538
Median for plans this size$2,122
2023$16,771 per active participant
2022$14,583 per active participant
2021$11,538 per active participant
2020$13,636 per active participant

G. E. Tignall and Co., Inc.'s 2021 employer contribution ran above the $2,122 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 history4
2023Not separately reported
2022Not separately reported
2021Not separately reported
2020Not separately reported
Similar plansConstruction · Maryland
Long Fence Company, Inc. MD$27.0M · 0.54%
David a. Bramble Inc. MD$26.4M · 0.00%
Morgan-Keller, Inc. MD$22.5M · 0.32%
John C. Grimberg Co. Inc. MD$22.3M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520961674 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.