How much does Gotham Drywall, Inc. contribute to its ESOP?

In 2024, employer contributions to the Gotham Drywall, Inc. plan averaged $17,595 per active participant, above the $540 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 Gotham Drywall, Inc. 401(k)?

The average participant account balance was -$9,288 for plan year 2024, based on 165 accounts.

Gotham Drywall, Inc.ESOP

Name: Gotham Drywall, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

GOTHAM DRYWALL, INC. EMPLOYEE STOCK OWNERSHIP PLAN · LONG ISLAND CITY, NY · plan year 2024

Employer contribution per participant · 2024

$17,595

Gotham Drywall, 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 -$1,532,475 across 165 participant accounts, with employer contributions averaging $17,595 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 1,109 comparable plans and shown alongside other construction employers. active participation has grown from 110 to 143 since 2022.

Plan summary
Net assets, end of year-$1,532,475
Participants with balances165
Active participants143
Employer contributions$2,516,060
Employee contributions—
Employer contribution per active participant$17,595
Average account balance-$9,288
Benefits paid to participants$16,060
Plan auditUnmodified (clean) audit opinion
AuditorCOWAN, GUNTESKI, & CO., CPA

Plan history3

Yearassets · accounts · employer contribution

2024$-1.5M · 165 accts · $2.5M emplr

2023$-3.2M · 137 accts · $3.0M emplr

2022$-7.8M · 128 accts · $114K emplr

Employer contributions to the Gotham Drywall, Inc. plan · 2024

Employer contribution per active participant$17,595

Median for plans this size$540

2024$17,595 per active participant

2023$23,141 per active participant

2022$1,037 per active participant

Gotham Drywall, Inc.'s 2024 employer contribution ran above the $540 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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Source: U.S. Department of Labor, Form 5500 series, EIN 263677238 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.