How much does Hyspeco, Inc. contribute to its ESOP?

In 2024, employer contributions to the Hyspeco, Inc. plan averaged $8,141 per active participant, above 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 Hyspeco, Inc. 401(k)?

The average participant account balance was $139,046 for plan year 2024, based on 187 accounts.

Hyspeco, Inc.ESOP

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

HYSPECO, INC. EMPLOYEES STOCK OWNERSHIP PLAN · WICHITA, KS · plan year 2024

Employer contribution per participant · 2024

$8,141

Hyspeco, 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 $26,001,578 across 187 participant accounts, with employer contributions averaging $8,141 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 248th-largest of 828 plans among Kansas employers on file, and the 1,523rd of 4,246 in wholesale trade. active participation has grown from 108 to 146 since 2022.

Plan summary
Net assets, end of year$26,001,578
Participants with balances187
Active participants146
Employer contributions$1,188,518
Employee contributions—
Employer contribution per active participant$8,141
Average account balance$139,046
Benefits paid to participants$1,301,415
Plan auditUnmodified (clean) audit opinion
AuditorTHE WHITLOCK COMPANY, LLP

Plan history3

Yearassets · accounts · employer contribution

2024$26.0M · 187 accts · $1.2M emplr

2023$23.4M · 160 accts · $1.5M emplr

2022$18.0M · 146 accts · $1.3M emplr

Employer contributions to the Hyspeco, Inc. plan · 2024

Employer contribution per active participant$8,141

Median for plans this size$2,416

2024$8,141 per active participant

2023$12,123 per active participant

2022$12,389 per active participant

Hyspeco, 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.

Administrative cost history3

2024Not separately reported

2023Not separately reported

2022Not separately reported

All plans at this employer2

HYSPECO, INC. EMPLOYEES STOCK OWNERSHIP PLANESOP

HYSPECO, INC. 401(K) PLAN401(k)

Same employer

Hyspeco, Inc.'s health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 480772539 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.