How much does Mei Enterprises, Inc. contribute to its ESOP?

In 2022, employer contributions to the Mei Enterprises, Inc. plan averaged $1,151 per active participant, below the $2,266 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 Mei Enterprises, Inc. 401(k)?

The average participant account balance was $104,353 for plan year 2022, based on 130 accounts.

Mei Enterprises, Inc.ESOP

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

MEI ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN · CHICAGO, IL · plan year 2022

Employer contribution per participant · 2022

$1,151

Mei Enterprises, Inc.'s 2022 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 $13,565,902 across 130 participant accounts, with employer contributions averaging $1,151 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 26,806 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Illinois (2,103rd of 3,702), and the 830th of 2,534 in administrative & support services.

Plan summary
Net assets, end of year$13,565,902
Participants with balances130
Active participants87
Employer contributions$100,169
Employee contributions—
Employer contribution per active participant$1,151
Average account balance$104,353
Benefits paid to participants$68,869
Plan auditUnmodified (clean) audit opinion
AuditorHARDING, SHYMANSKI & COMPANY, P.S.C

Plan history2

Yearassets · accounts · employer contribution

2023$-460K · 63 accts · $194K emplr

2022$13.6M · 130 accts · $100K emplr

Employer contributions to the Mei Enterprises, Inc. plan · 2022

Employer contribution per active participant$1,151

Median for plans this size$2,266

2023$1,995 per active participant

2022$1,151 per active participant

Mei Enterprises, Inc.'s 2022 employer contribution ran below the $2,266 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

MEETINGS & EVENTS INTERNATIONAL 401(K) PLAN401(k)

MEI ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP

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Source: U.S. Department of Labor, Form 5500 series, EIN 351715303 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.