Plan Ledger DOL Form 5500 · updated monthly

McKay Nursery CompanyESOP

MCKAY NURSERY EMPLOYEE STOCK OWNERSHIP PLAN · WATERLOO, WI · plan year 2023

Employer contribution per participant · 2023
$8,316

McKay Nursery Company'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 $25,995,963 across 111 participant accounts, with employer contributions averaging $8,316 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 26,779 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 712th-largest of 1,936 plans among Wisconsin employers on file, and the 189th of 945 in agriculture, forestry & fishing.

Plan summary
Net assets, end of year$25,995,963
Participants with balances111
Active participants103
Employer contributions$856,500
Employee contributions—
Employer contribution per active participant$8,316
Average account balance$234,198
Benefits paid to participants$1,114,074
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI
Plan history3
Yearassets · accounts · employer contribution
2024$25.6M · 107 accts · $780K emplr
2023$26.0M · 111 accts · $857K emplr
2022$22.1M · 115 accts · $777K emplr
Employer contributions to the McKay Nursery Company plan · 2023
Employer contribution per active participant$8,316
Median for plans this size$2,440
2024$8,298 per active participant
2023$8,316 per active participant
2022$7,848 per active participant

McKay Nursery Company's 2023 employer contribution ran above the $2,440 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
MCKAY NURSERY EMPLOYEE STOCK OWNERSHIP PLANESOP
MCKAY NURSERY COMPANY 401(K) PROFIT SHARING PLAN401(k)
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Source: U.S. Department of Labor, Form 5500 series, EIN 390461240 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.