How much does Grato Holdings, Inc. contribute to its ESOP?

In 2022, employer contributions to the Grato Holdings, Inc. plan averaged $511 per active participant, below the $2,266 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 Grato Holdings, Inc. 401(k)?

The average participant account balance was $183,114 for plan year 2022, based on 120 accounts.

Grato Holdings, Inc.ESOP

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

GRATO EMPLOYEE STOCK OWNERSHIP PLAN · WOODBINE, IA · plan year 2022

Employer contribution per participant · 2022

$511

Grato Holdings, Inc.'s 2022 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 $21,973,737 across 120 participant accounts, with employer contributions averaging $511 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 26,806 comparable plans and shown alongside other wholesale trade employers. By assets it is the 374th-largest of 878 plans among Iowa employers on file, and the 1,753rd of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$21,973,737
Participants with balances120
Active participants86
Employer contributions$43,980
Employee contributions—
Employer contribution per active participant$511
Average account balance$183,114
Benefits paid to participants$195,779
Plan auditUnmodified (clean) audit opinion
AuditorBLACKMAN & ASSOCIATES,PC

Plan history3

Yearassets · accounts · employer contribution

2024$21.0M · 136 accts · $44K emplr

2023$21.2M · 123 accts · $44K emplr

2022$22.0M · 120 accts · $44K emplr

Employer contributions to the Grato Holdings, Inc. plan · 2022

Employer contribution per active participant$511

Median for plans this size$2,266

2024$564 per active participant

2023$579 per active participant

2022$511 per active participant

Grato Holdings, Inc.'s 2022 employer contribution ran below the $2,266 median for plans its size, in the bottom 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

GRATO EMPLOYEE STOCK OWNERSHIP PLANESOP

GRATO HOLDINGS, INC. 401(K) PLAN401(k)

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Source: U.S. Department of Labor, Form 5500 series, EIN 270269085 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.