How much does Mid South Building Supply, Inc. contribute to its ESOP?

In 2024, employer contributions to the Mid South Building Supply, Inc. plan averaged $13,966 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 Mid South Building Supply, Inc. 401(k)?

The average participant account balance was $241,059 for plan year 2024, based on 226 accounts.

Mid South Building Supply, Inc.ESOP

Name: Mid South Building Supply, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

MID SOUTH BUILDING SUPPLY, INC. EMPLOYEE STOCK OWNERSHIP PLAN · SPRINGFIELD, VA · plan year 2024

Employer contribution per participant · 2024

$13,966

Mid South Building Supply, 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 $54,479,350 across 226 participant accounts, with employer contributions averaging $13,966 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio fell from 0.07% to 0.02%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 458th-largest of 2,266 plans among Virginia employers on file, and the 745th of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$54,479,350
Participants with balances226
Active participants179
Employer contributions$2,500,000
Employee contributions—
Employer contribution per active participant$13,966
Average account balance$241,059
Benefits paid to participants$4,836,329
Plan auditUnmodified (clean) audit opinion
AuditorWEAVER AND TIDWELL, L.L.P.

Plan history3

Yearassets · accounts · employer contribution

2024$54.5M · 226 accts · $2.5M emplr

2023$44.4M · 235 accts · $2.5M emplr

2022$45.6M · 249 accts · $2.5M emplr

Employer contributions to the Mid South Building Supply, Inc. plan · 2024

Employer contribution per active participant$13,966

Median for plans this size$2,416

2024$13,966 per active participant

2023$13,736 per active participant

2022$14,205 per active participant

Mid South Building Supply, 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

2023$10,877 · 0.02%

2022$29,648 · 0.07%

All plans at this employer2

MID SOUTH BUILDING SUPPLY, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP

MID SOUTH BUILDING SUPPLY, INC. 401(K) PLAN401(k)

Same employer

Mid South Building Supply, Inc.'s health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 540796555 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.