How much does Gerald H. Phipps, Inc. contribute to its ESOP?

In 2024, employer contributions to the Gerald H. Phipps, Inc. plan averaged $26,115 per active participant, above the $3,635 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 Gerald H. Phipps, Inc. 401(k)?

The average participant account balance was $212,732 for plan year 2024, based on 270 accounts.

Gerald H. Phipps, Inc.ESOP

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

GERALD H. PHIPPS, INC. EMPLOYEES' STOCK OWNERSHIP PLAN · GREENWOOD VILLAGE, CO · plan year 2024

Employer contribution per participant · 2024

$26,115

Gerald H. Phipps, 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 $57,437,617 across 270 participant accounts, with employer contributions averaging $26,115 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 215th-largest of 1,461 plans among Colorado employers on file, and the 949th of 5,337 in construction.

Plan summary
Net assets, end of year$57,437,617
Participants with balances270
Active participants236
Employer contributions$6,163,168
Employee contributions—
Employer contribution per active participant$26,115
Average account balance$212,732
Benefits paid to participants$6,660,798
Plan auditUnmodified (clean) audit opinion
AuditorPLANTE & MORAN, PLLC

Plan history3

Yearassets · accounts · employer contribution

2024$57.4M · 270 accts · $6.2M emplr

2023$53.8M · 279 accts · $5.7M emplr

2022$46.7M · 264 accts · $3.9M emplr

Employer contributions to the Gerald H. Phipps, Inc. plan · 2024

Employer contribution per active participant$26,115

Median for plans this size$3,635

2024$26,115 per active participant

2023$23,671 per active participant

2022$17,594 per active participant

Gerald H. Phipps, Inc.'s 2024 employer contribution ran above the $3,635 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

GERALD H. PHIPPS, INC. EMPLOYEES' STOCK OWNERSHIP PLANESOP

GERALD H. PHIPPS, INC. EMPLOYEE'S 401(K) PLAN401(k)

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Gerald H. Phipps, Inc.'s health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 840423359 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.