How much does Lee Contracting, Inc. contribute to its ESOP?

In 2024, employer contributions to the Lee Contracting, Inc. plan averaged $1,470 per active participant, below the $3,635 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 Lee Contracting, Inc. 401(k)?

The average participant account balance was $399,343 for plan year 2024, based on 615 accounts.

Lee Contracting, Inc.ESOP

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

LEE CONTRACTING, INC. EMPLOYEE STOCK OWNERSHIP PLAN · PONTIAC, MI · plan year 2024

Employer contribution per participant · 2024

$1,470

Lee Contracting, 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 $245,595,936 across 615 participant accounts, with employer contributions averaging $1,470 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 10,352 comparable plans and shown alongside other construction employers. By assets it is the 122nd-largest of 2,619 plans among Michigan employers on file, and the 277th of 5,337 in construction.

Plan summary
Net assets, end of year$245,595,936
Participants with balances615
Active participants527
Employer contributions$774,865
Employee contributions—
Employer contribution per active participant$1,470
Average account balance$399,343
Benefits paid to participants$3,747,871
Plan auditUnmodified (clean) audit opinion
AuditorFORVIS MAZARS, LLP

Plan history3

Yearassets · accounts · employer contribution

2024$245.6M · 615 accts · $775K emplr

2023$232.2M · 566 accts · $775K emplr

2022$155.0M · 548 accts · $900K emplr

Employer contributions to the Lee Contracting, Inc. plan · 2024

Employer contribution per active participant$1,470

Median for plans this size$3,635

2024$1,470 per active participant

2023$1,394 per active participant

2022$1,830 per active participant

Lee Contracting, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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

2022$24,455 · 0.02%

All plans at this employer2

LEE CONTRACTING, INC. 401(K) PROFIT SHARING PLAN401(k)

LEE CONTRACTING, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP

Same employer

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

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Source: U.S. Department of Labor, Form 5500 series, EIN 383243830 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.