General Engineering Co. of VirginiaESOP
GENERAL ENGINEERING CO. OF VIRGINIA EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST · ABINGDON, VA · plan year 2024
General Engineering Co. of Virginia'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 $38,920,809 across 240 participant accounts, with employer contributions averaging $2,733 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 manufacturing employers. By assets it is the 602nd-largest of 2,266 plans among Virginia employers on file, and the 3,762nd of 13,661 in manufacturing. active participation has grown from 143 to 174 since 2022.
General Engineering Co. of Virginia's 2024 employer contribution ran above the $2,416 median for plans its size. 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 540912795 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.