How much does Kwest Holdings, Inc. contribute to its ESOP?

In 2024, employer contributions to the Kwest Holdings, Inc. plan averaged $13,127 per active participant, above the $540 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 Kwest Holdings, Inc. 401(k)?

The average participant account balance was -$229,303 for plan year 2024, based on 283 accounts.

Kwest Holdings, Inc.ESOP

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

KWEST HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · PERRYSBURG, OH · plan year 2024

Employer contribution per participant · 2024

$13,127

Kwest Holdings, 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 -$64,892,612 across 283 participant accounts, with employer contributions averaging $13,127 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other construction employers. active participation has grown from 182 to 263 since 2022.

Plan summary
Net assets, end of year-$64,892,612
Participants with balances283
Active participants263
Employer contributions$3,452,381
Employee contributions—
Employer contribution per active participant$13,127
Average account balance-$229,303
Benefits paid to participants$4,680
Plan auditUnmodified (clean) audit opinion
AuditorCLIFTONLARSONALLEN LLP

Plan history3

Yearassets · accounts · employer contribution

2024$-64.9M · 283 accts · $3.5M emplr

2023$-75.1M · 252 accts · $7.7M emplr

2022$-80.7M · 210 accts · $3.6M emplr

Employer contributions to the Kwest Holdings, Inc. plan · 2024

Employer contribution per active participant$13,127

Median for plans this size$540

2024$13,127 per active participant

2023$33,245 per active participant

2022$19,635 per active participant

Kwest Holdings, Inc.'s 2024 employer contribution ran above the $540 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

Same employer

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

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Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 843974050 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.