How much does Norco, Inc. contribute to its ESOP?

In 2024, employer contributions to the Norco, Inc. plan averaged $7,304 per active participant, above the $3,635 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 Norco, Inc. 401(k)?

The average participant account balance was $141,225 for plan year 2024, based on 1,389 accounts.

Norco, Inc.ESOP

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

NORCO, INC. EMPLOYEE STOCK OWNERSHIP PLAN · BOISE, ID · plan year 2024

Employer contribution per participant · 2024

$7,304

Norco, 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 $196,161,994 across 1,389 participant accounts, with employer contributions averaging $7,304 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 retail trade employers. By assets it is the 15th-largest of 349 plans among Idaho employers on file, and the 218th of 5,215 in retail trade. active participation has grown from 1,108 to 1,231 since 2022.

Plan summary
Net assets, end of year$196,161,994
Participants with balances1,389
Active participants1,231
Employer contributions$8,990,738
Employee contributions—
Employer contribution per active participant$7,304
Average account balance$141,225
Benefits paid to participants$8,911,610
Plan auditUnmodified (clean) audit opinion
AuditorEIDE BAILLY LLP

Plan history3

Yearassets · accounts · employer contribution

2024$196.2M · 1,389 accts · $9.0M emplr

2023$176.9M · 1,333 accts · $8.7M emplr

2022$135.6M · 1,263 accts · $8.2M emplr

Employer contributions to the Norco, Inc. plan · 2024

Employer contribution per active participant$7,304

Median for plans this size$3,635

2024$7,304 per active participant

2023$7,298 per active participant

2022$7,388 per active participant

Norco, 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

NORCO, INC. 401K SAVINGS PLAN401(k)

NORCO, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP

Same employer

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

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Source: U.S. Department of Labor, Form 5500 series, EIN 820277763 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.