Garland Industries, IncESOP
THE GARLAND INDUSTRIES, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST · INDEPENDENCE, OH · plan year 2024
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Garland Industries, Inc reported $40,822 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $26,782 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 30th-largest of 3,295 plans among Ohio employers on file, and the 171st of 13,661 in manufacturing. active participation has grown from 1,077 to 1,361 since 2022.
Garland Industries, Inc's 2024 employer contribution ran above the $5,259 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 341115246 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.