Plan Ledger DOL Form 5500 · updated monthly

Midway Ford Truck Center, Inc.ESOP

MIDWAY FORD TRUCK CENTER, INC. EMPLOYEE STOCK OWNERSHIP PLAN · KANSAS CITY, MO · plan year 2024

Employer contribution per participant · 2024
$9,673

Midway Ford Truck Center, 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 $57,338,484 across 248 participant accounts, with employer contributions averaging $9,673 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 290th-largest of 1,393 plans among Missouri employers on file, and the 708th of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$57,338,484
Participants with balances248
Active participants241
Employer contributions$2,331,219
Employee contributions—
Employer contribution per active participant$9,673
Average account balance$231,204
Benefits paid to participants$5,786,912
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$57.3M · 248 accts · $2.3M emplr
2023$47.6M · 242 accts · $2.0M emplr
2022$37.7M · 233 accts · $1.6M emplr
Employer contributions to the Midway Ford Truck Center, Inc. plan · 2024
Employer contribution per active participant$9,673
Median for plans this size$3,635
2024$9,673 per active participant
2023$8,459 per active participant
2022$7,193 per active participant

Midway Ford Truck Center, Inc.'s 2024 employer contribution ran above the $3,635 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
MIDWAY FORD TRUCK CENTER, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
MIDWAY FORD TRUCK CENTER, INC. 401(K) PLAN401(k)
Same employer
Similar plansWholesale Trade · Missouri
Experitec, Inc. MO$69.9M · 0.09%
Kaiser Midwest, Inc. MO$66.3M · 0.26%
Apex Oil Company, Inc. MO$55.1M · 0.17%
Mfa Oil Company MO$51.1M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480674662 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.