How much does Lvc Companies, Inc. contribute to its ESOP?

In 2024, employer contributions to the Lvc Companies, Inc. plan averaged $18,426 per active participant, above the $2,416 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 Lvc Companies, Inc. 401(k)?

The average participant account balance was $165,873 for plan year 2024, based on 154 accounts.

Lvc Companies, Inc.ESOP

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

LVC EMPLOYEE STOCK OWNERSHIP PLAN · MINNEAPOLIS, MN · plan year 2024

Employer contribution per participant · 2024

$18,426

Lvc Companies, 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 $25,544,422 across 154 participant accounts, with employer contributions averaging $18,426 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 773rd-largest of 1,918 plans among Minnesota employers on file, and the 1,712th of 5,337 in construction.

Plan summary
Net assets, end of year$25,544,422
Participants with balances154
Active participants92
Employer contributions$1,695,213
Employee contributions—
Employer contribution per active participant$18,426
Average account balance$165,873
Benefits paid to participants$1,157,453
Plan auditUnmodified (clean) audit opinion
AuditorBOULAY PLLP

Plan history3

Yearassets · accounts · employer contribution

2024$25.5M · 154 accts · $1.7M emplr

2023$22.1M · 150 accts · $1.2M emplr

2022$17.7M · 146 accts · $873K emplr

Employer contributions to the Lvc Companies, Inc. plan · 2024

Employer contribution per active participant$18,426

Median for plans this size$2,416

2024$18,426 per active participant

2023$14,057 per active participant

2022$9,597 per active participant

Lvc Companies, Inc.'s 2024 employer contribution ran above the $2,416 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

All plans at this employer2

LVC COMPANIES, INC. 401(K) RETIREMENT PLAN401(k)

LVC EMPLOYEE STOCK OWNERSHIP PLANESOP

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Source: U.S. Department of Labor, Form 5500 series, EIN 411433490 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.