How much does North American Transportation Solutions, Inc. contribute to its ESOP?

In 2023, employer contributions to the North American Transportation Solutions, Inc. plan averaged $2,753 per active participant, above the $522 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 North American Transportation Solutions, Inc. 401(k)?

The average participant account balance was -$38,996 for plan year 2023, based on 83 accounts.

North American Transportation Solutions, Inc.ESOP

Name: North American Transportation Solutions, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

NORTH AMERICAN TRANSPORTATION SOLUTIONS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · WAKARUSA, IN · plan year 2023

Employer contribution per participant · 2023

$2,753

North American Transportation Solutions, Inc.'s 2023 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 -$3,236,706 across 83 participant accounts, with employer contributions averaging $2,753 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 1,192 comparable plans and shown alongside other manufacturing employers.

Plan summary
Net assets, end of year-$3,236,706
Participants with balances83
Active participants60
Employer contributions$165,194
Employee contributions—
Employer contribution per active participant$2,753
Average account balance-$38,996
Plan auditUnmodified (clean) audit opinion
AuditorFLAGEL HUBER FLAGEL

Employer contributions to the North American Transportation Solutions, Inc. plan · 2023

Employer contribution per active participant$2,753

Median for plans this size$522

North American Transportation Solutions, Inc.'s 2023 employer contribution ran above the $522 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.

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Source: U.S. Department of Labor, Form 5500 series, EIN 884391051 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.