John H. Carter Co., Inc.ESOP
MAGNOLIA EMPLOYEE STOCK OWNERSHIP PLAN · BATON ROUGE, LA · plan year 2024
John H. Carter Co., 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 $589,360,076 across 864 participant accounts, with employer contributions averaging $15,752 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other professional & technical services employers. By assets it is the 9th-largest of 884 plans among Louisiana employers on file, and the 308th of 11,654 in professional & technical services. active participation has grown from 515 to 802 since 2022.
John H. Carter Co., Inc.'s 2024 employer contribution ran above the $4,294 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 720494338 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.