MYSTIC STAMP COMPANY INC. EMPLOYEE STOCK OWNERSHIP PLAN · CAMDEN, NY · plan year 2024
Employer contribution per participant · 2024
$1,655
Mystic Stamp Company, 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 $26,609,058 across 142 participant accounts, with employer contributions averaging $1,655 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 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 2,115th-largest of 5,648 plans among New York employers on file, and the 1,144th of 5,215 in retail trade.
Plan summary
Net assets, end of year$26,609,058
Participants with balances142
Active participants95
Employer contributions$157,184
Employee contributions—
Employer contribution per active participant$1,655
Average account balance$187,388
Benefits paid to participants$127,368
Plan auditUnmodified (clean) audit opinion
AuditorDERMODY BURKE & BROWN CPAS LLC
Plan history3
Yearassets · accounts · employer contribution
2024$26.6M · 142 accts · $157K emplr
2023$24.9M · 139 accts · $148K emplr
2022$24.1M · 137 accts · $129K emplr
Employer contributions to the Mystic Stamp Company, Inc. plan · 2024
Employer contribution per active participant$1,655
Median for plans this size$2,416
2024$1,655 per active participant
2023$1,514 per active participant
2022$1,304 per active participant
Mystic Stamp Company, Inc.'s 2024 employer contribution ran below the $2,416 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.
Source: U.S. Department of Labor, Form 5500 series, EIN 161023818 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.