How much does Hy Cite Corporation contribute to its ESOP?

In 2024, employer contributions to the Hy Cite Corporation plan averaged $562 per active participant, below the $2,416 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 Hy Cite Corporation 401(k)?

The average participant account balance was $53,875 for plan year 2024, based on 384 accounts.

Hy Cite CorporationESOP

Name: Hy Cite Corporation 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

HC EMPLOYEE STOCK OWNERSHIP PLAN · · plan year 2024

Employer contribution per participant · 2024

$562

Hy Cite Corporation'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 $20,687,855 across 384 participant accounts, with employer contributions averaging $562 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 wholesale trade employers. By assets it is the 1,836th of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$20,687,855
Participants with balances384
Active participants385
Employer contributions$216,488
Employee contributions—
Employer contribution per active participant$562
Average account balance$53,875
Plan auditUnmodified (clean) audit opinion
AuditorHAWKINS ASH CPAS LLP

Employer contributions to the Hy Cite Corporation plan · 2024

Employer contribution per active participant$562

Median for plans this size$2,416

Hy Cite Corporation's 2024 employer contribution ran below the $2,416 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.

Similar plansWholesale Trade
Westinghouse Lighting L.P. PA$20.8M · 0.19%
National Lift Truck, Inc. IL$20.7M · 0.01%
Data Business Equipment, Inc. IA$20.7M · 0.50%
Hitachi Metals America, LTD NY$20.7M · 0.03%
D.B. Roberts, Inc. MA$20.7M · 0.20%
J & L Ventures, LLC GA$20.7M · 0.08%
The Apparel Group, LTD TX$20.7M · 0.57%
Zo Skin Health, Inc. CA$20.7M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452744463 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.