Hermetic Switch, IncESOP
HSI SENSING EMPLOYEE STOCK OWNERSHIP PLAN · CHICKASHA, OK · plan year 2024
Hermetic Switch, 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 $16,565,999 across 289 participant accounts, with employer contributions averaging $9,343 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 288th-largest of 724 plans among Oklahoma employers on file, and the 6,664th of 13,661 in manufacturing. active participation has grown from 126 to 169 since 2022.
Hermetic Switch, Inc's 2024 employer contribution ran above the $2,416 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 730773942 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.