How much does McAninch Corporation contribute to its ESOP?

In 2024, employer contributions to the McAninch Corporation plan averaged $1,176 per active participant, below 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 McAninch Corporation 401(k)?

The average participant account balance was $57,293 for plan year 2024, based on 253 accounts.

McAninch CorporationESOP

Name: McAninch Corporation 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

MCANINCH HOLDING COMPANY EMPLOYEE STOCK OWNERSHIP PLAN · DES MOINES, IA · plan year 2024

Employer contribution per participant · 2024

$1,176

McAninch Corporation'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 $14,495,168 across 253 participant accounts, with employer contributions averaging $1,176 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 among the smaller plans on file in Iowa (500th of 878), and the 2,525th of 5,337 in construction.

Plan summary
Net assets, end of year$14,495,168
Participants with balances253
Active participants253
Employer contributions$297,553
Employee contributions—
Employer contribution per active participant$1,176
Average account balance$57,293
Benefits paid to participants$15,913
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP

Plan history2

Yearassets · accounts · employer contribution

2024$14.5M · 253 accts · $298K emplr

2023$5.6M · 210 accts · $2.5M emplr

Employer contributions to the McAninch Corporation plan · 2024

Employer contribution per active participant$1,176

Median for plans this size$2,416

2024$1,176 per active participant

2023$18,939 per active participant

McAninch Corporation's 2024 employer contribution ran below the $2,416 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

2024Not separately reported

2023Not separately reported

Similar plansConstruction · Iowa
Reilly Construction Company, Inc. IA$17.4M · 0.59%
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Kline Electric, Inc. IA$16.4M · 0.01%
Modern Holdings, Inc. IA$14.6M · 0.79%
Rasmussen Mechanical Services, Inc. IA$14.5M · 0.50%
Jensen Builders LTD. IA$13.6M · 0.33%
Cw Suter & Son, Inc. IA$13.5M · 0.41%
Woodruff Construction, Inc. IA$13.3M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420929827 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.