How much does Neighbors & Associates, Inc. contribute to its ESOP?

In 2024, employer contributions to the Neighbors & Associates, Inc. plan averaged $598 per active participant, below 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 Neighbors & Associates, Inc. 401(k)?

The average participant account balance was $95,208 for plan year 2024, based on 489 accounts.

Neighbors & Associates, Inc.ESOP

Name: Neighbors & Associates, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

NEIGHBORS & ASSOCIATES, INC. EMPLOYEE STOCK OWNERSHIP PLAN · PARSONS, KS · plan year 2024

Employer contribution per participant · 2024

$598

Neighbors & Associates, 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 $46,556,916 across 489 participant accounts, with employer contributions averaging $598 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 manufacturing employers. By assets it is the 146th-largest of 828 plans among Kansas employers on file, and the 3,320th of 13,661 in manufacturing. active participation has shrunk from 391 to 283 since 2022.

Plan summary
Net assets, end of year$46,556,916
Participants with balances489
Active participants283
Employer contributions$169,158
Employee contributions—
Employer contribution per active participant$598
Average account balance$95,208
Benefits paid to participants$105,711
Plan auditUnmodified (clean) audit opinion
AuditorKCOE ISOM, LLP

Plan history3

Yearassets · accounts · employer contribution

2024$46.6M · 489 accts · $169K emplr

2023$38.0M · 467 accts · $221K emplr

2022$30.3M · 557 accts · $170K emplr

Employer contributions to the Neighbors & Associates, Inc. plan · 2024

Employer contribution per active participant$598

Median for plans this size$2,416

2024$598 per active participant

2023$776 per active participant

2022$436 per active participant

Neighbors & Associates, Inc.'s 2024 employer contribution ran below the $2,416 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.

Administrative cost history3

2024Not separately reported

2023Not separately reported

2022Not separately reported

All plans at this employer2

NEIGHBORS & ASSOCIATES, INC. 401(K) PLAN401(k)

NEIGHBORS & ASSOCIATES, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP

Same employer

Neighbors & Associates, Inc.'s health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 161661531 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.