How much does Litehouse, Inc. contribute to its ESOP?

In 2023, employer contributions to the Litehouse, Inc. plan averaged $1,599 per active participant, below the $3,659 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 Litehouse, Inc. 401(k)?

The average participant account balance was $134,864 for plan year 2023, based on 1,554 accounts.

Litehouse, Inc.ESOP

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

LITEHOUSE, INC. EMPLOYEE STOCK OWNERSHIP PLAN · SANDPOINT, ID · plan year 2023

Employer contribution per participant · 2023

$1,599

Litehouse, 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 $209,578,933 across 1,554 participant accounts, with employer contributions averaging $1,599 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 9,317 comparable plans and shown alongside other manufacturing employers. By assets it is the 14th-largest of 349 plans among Idaho employers on file, and the 1,126th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$209,578,933
Participants with balances1,554
Active participants1,057
Employer contributions$1,689,923
Employee contributions—
Employer contribution per active participant$1,599
Average account balance$134,864
Benefits paid to participants$8,929,360
Plan auditUnmodified (clean) audit opinion
AuditorCLIFTON LARSON ALLEN LLP

Plan history2

Yearassets · accounts · employer contribution

2023$209.6M · 1,554 accts · $1.7M emplr

2022$179.3M · 1,796 accts · $1.7M emplr

Employer contributions to the Litehouse, Inc. plan · 2023

Employer contribution per active participant$1,599

Median for plans this size$3,659

2023$1,599 per active participant

2022$1,559 per active participant

Litehouse, Inc.'s 2023 employer contribution ran below the $3,659 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 history2

2023Not separately reported

2022Not separately reported

All plans at this employer2

LITEHOUSE, INC. EMPLOYEES' 401(K) PROFIT SHARING PLAN401(k)

LITEHOUSE, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP

Same employer

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

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Source: U.S. Department of Labor, Form 5500 series, EIN 820348387 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.