LABCON, INC. EMPLOYEES' STOCK OWNERSHIP PLAN AND TRUST · GRAND PRAIRIE, TX · plan year 2023
Employer contribution per participant · 2023
$1,039
Labcon, Inc.'s 2023 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 $5,557,880 across 885 participant accounts, with employer contributions averaging $1,039 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Texas (3,920th of 5,688), and 3,870th of 5,337 in construction.
Plan summary
Net assets, end of year$5,557,880
Participants with balances885
Active participants531
Employer contributions$551,803
Employee contributions—
Employer contribution per active participant$1,039
Average account balance$6,280
Benefits paid to participants$279,378
Plan auditUnmodified (clean) audit opinion
AuditorMILBERN-RAY AND COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$5.1M · 817 accts · $546K emplr
2023$5.6M · 885 accts · $552K emplr
2022$5.2M · 836 accts · $486K emplr
Employer contributions to the Labcon, Inc. plan · 2023
Employer contribution per active participant$1,039
Median for plans this size$1,308
2024$984 per active participant
2023$1,039 per active participant
2022$905 per active participant
Labcon, Inc.'s 2023 employer contribution ran below the $1,308 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
LABCON, INC. 401(K) PLAN401(k)
LABCON, INC. EMPLOYEES' STOCK OWNERSHIP PLAN AND TRUSTESOP
Source: U.S. Department of Labor, Form 5500 series, EIN 752490564 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.