How much does Legacy Mechanical Group, Inc. contribute to its ESOP?

In 2024, employer contributions to the Legacy Mechanical Group, Inc. plan averaged $1,099 per active participant, below the $1,313 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 Legacy Mechanical Group, Inc. 401(k)?

The average participant account balance was $5,928 for plan year 2024, based on 205 accounts.

Legacy Mechanical Group, Inc.ESOP

Name: Legacy Mechanical Group, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

LEGACY MECHANICAL GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN · CINCINNATI, OH · plan year 2024

Employer contribution per participant · 2024

$1,099

Legacy Mechanical Group, 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 $1,215,198 across 205 participant accounts, with employer contributions averaging $1,099 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 18,840 comparable plans and shown alongside other management of companies employers. By assets it is among the smaller plans on file in Ohio (3,132nd of 3,295), and 748th of 786 in management of companies.

Plan summary
Net assets, end of year$1,215,198
Participants with balances205
Active participants207
Employer contributions$227,422
Employee contributions—
Employer contribution per active participant$1,099
Average account balance$5,928
Plan auditUnmodified (clean) audit opinion
AuditorBARNES DENNIG

Employer contributions to the Legacy Mechanical Group, Inc. plan · 2024

Employer contribution per active participant$1,099

Median for plans this size$1,313

Legacy Mechanical Group, Inc.'s 2024 employer contribution ran below the $1,313 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.

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Source: U.S. Department of Labor, Form 5500 series, EIN 994517797 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.