J&R SCHUGEL TRUCKING, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST · NEW ULM, MN · plan year 2022
Employer contribution per participant · 2022
$3,255
J&R Schugel Holding, 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 $70,116,687 across 705 participant accounts, with employer contributions averaging $3,255 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 376th-largest of 1,918 plans among Minnesota employers on file, and the 303rd of 2,677 in transportation & warehousing.
Plan summary
Net assets, end of year$70,116,687
Participants with balances705
Active participants491
Employer contributions$1,598,215
Employee contributions—
Employer contribution per active participant$3,255
Average account balance$99,456
Benefits paid to participants$1,266,426
Plan auditUnmodified (clean) audit opinion
AuditorLAWRENCE CUMPSTON & ASSOCIATES, PLL
Plan history3
Yearassets · accounts · employer contribution
2024$58.8M · 744 accts · $2.3M emplr
2023$66.5M · 725 accts · $1.7M emplr
2022$70.1M · 705 accts · $1.6M emplr
Employer contributions to the J&R Schugel Holding, Inc. plan · 2022
Employer contribution per active participant$3,255
Median for plans this size$3,449
2024$5,055 per active participant
2023$3,737 per active participant
2022$3,255 per active participant
J&R Schugel Holding, Inc.'s 2022 employer contribution ran below the $3,449 median for plans its size. 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
J&R SCHUGEL HOLDINGS,INC. RET.PLAN401(k)
J&R SCHUGEL TRUCKING, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUSTESOP
Source: U.S. Department of Labor, Form 5500 series, EIN 411239449 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.