National Nail Corp.ESOP
NATIONAL NAIL CORP. EMPLOYEE STOCK OWNERSHIP PLAN · GRAND RAPIDS, MI · plan year 2024
National Nail Corp.'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 $227,653,637 across 198 participant accounts, with employer contributions averaging $820 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 135th-largest of 2,619 plans among Michigan employers on file, and the 214th of 4,246 in wholesale trade. active participation has grown from 146 to 174 since 2022.
National Nail Corp.'s 2024 employer contribution ran below the $3,635 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 381903475 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.