How much does Norcross Holdings, Inc. contribute to its ESOP?

In 2024, employer contributions to the Norcross Holdings, Inc. plan averaged $6,137 per active participant, above the $540 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 Norcross Holdings, Inc. 401(k)?

The average participant account balance was -$202,378 for plan year 2024, based on 216 accounts.

Norcross Holdings, Inc.ESOP

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

NORCROSS HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · GARLAND, TX · plan year 2024

Employer contribution per participant · 2024

$6,137

Norcross Holdings, 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 -$43,713,570 across 216 participant accounts, with employer contributions averaging $6,137 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other accommodation & food services employers.

Plan summary
Net assets, end of year-$43,713,570
Participants with balances216
Active participants164
Employer contributions$1,006,439
Employee contributions—
Employer contribution per active participant$6,137
Average account balance-$202,378
Plan auditUnmodified (clean) audit opinion
AuditorCARR, RIGGS & INGRAM, LLC

Plan history2

Yearassets · accounts · employer contribution

2024$-43.7M · 216 accts · $1.0M emplr

2023$-45.2M · 167 accts · $1.0M emplr

Employer contributions to the Norcross Holdings, Inc. plan · 2024

Employer contribution per active participant$6,137

Median for plans this size$540

2024$6,137 per active participant

2023$6,707 per active participant

Norcross Holdings, Inc.'s 2024 employer contribution ran above the $540 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 history2

2024Not separately reported

2023Not separately reported

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Source: U.S. Department of Labor, Form 5500 series, EIN 932831895 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.