Plan Ledger DOL Form 5500 · updated monthly

Henick-Lane Service Corp.ESOP

HENICK-LANE SERVICE CORP. EMPLOYEE STOCK OWNERSHIP PLAN · LONG ISLAND CITY, NY · plan year 2023

Employer contribution per participant · 2023
$42,329

Henick-Lane Service Corp.'s 2023 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 -$11,092,599 across 248 participant accounts, with employer contributions averaging $42,329 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 1,192 comparable plans and shown alongside other construction employers.

Plan summary
Net assets, end of year-$11,092,599
Participants with balances248
Active participants27
Employer contributions$1,142,890
Employee contributions$0
Employer contribution per active participant$42,329
Average account balance-$44,728
Plan auditUnmodified (clean) audit opinion
AuditorGRASSI & CO., CPAS, PC
Plan history2
Yearassets · accounts · employer contribution
2023$-11.1M · 248 accts · $1.1M emplr
2022$-12.4M · 246 accts · $800K emplr
Employer contributions to the Henick-Lane Service Corp. plan · 2023
Employer contribution per active participant$42,329
Median for plans this size$522
2023$42,329 per active participant
2022$38,095 per active participant

Henick-Lane Service Corp.'s 2023 employer contribution ran above the $522 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 history2
2023Not separately reported
2022Not separately reported

Why are you looking at this plan?

Compare
401(k) plans in New York
Worked here before? Find your old 401(k)
401(k) plans in Construction
Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 112193554 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.