METALCRAFT, INC.EMPLOYEE STOCK OWNERSHIP PLAN · MASON CITY, IA · plan year 2023
Employer contribution per participant · 2023
$1,606
Metalcraft, 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 $14,770,705 across 116 participant accounts, with employer contributions averaging $1,606 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 manufacturing employers. By assets it is among the smaller plans on file in Iowa (491st of 878), and 7,154th of 13,661 in manufacturing.
Plan summary
Net assets, end of year$14,770,705
Participants with balances116
Active participants109
Employer contributions$175,000
Employee contributions—
Employer contribution per active participant$1,606
Employer contributions to the Metalcraft, Inc. plan · 2023
Employer contribution per active participant$1,606
Median for plans this size$2,440
2024$7,332 per active participant
2023$1,606 per active participant
2022$1,106 per active participant
Metalcraft, Inc.'s 2023 employer contribution ran below the $2,440 median for plans its size. 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
METALCRAFT, INC. EMPLOYEES' PROFIT SHARING AND SAVINGS PLAN401(k)
Source: U.S. Department of Labor, Form 5500 series, EIN 420705482 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.