How much does Northern Tree Holdco, Inc. contribute to its ESOP?

In 2024, employer contributions to the Northern Tree Holdco, Inc. plan averaged $17,035 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 Northern Tree Holdco, Inc. 401(k)?

The average participant account balance was -$466,738 for plan year 2024, based on 174 accounts.

Northern Tree Holdco, Inc.ESOP

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

NORTHERN TREE HOLDCO, INC. EMPLOYEE STOCK OWNERSHIP PLAN · PALMER, MA · plan year 2024

Employer contribution per participant · 2024

$17,035

Northern Tree Holdco, 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 -$81,212,402 across 174 participant accounts, with employer contributions averaging $17,035 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 administrative & support services employers. active participation has grown from 148 to 163 since 2022.

Plan summary
Net assets, end of year-$81,212,402
Participants with balances174
Active participants163
Employer contributions$2,776,705
Employee contributions—
Employer contribution per active participant$17,035
Average account balance-$466,738
Benefits paid to participants$21,258
Plan auditUnmodified (clean) audit opinion
AuditorCLIFTONLARSONALLEN LLP

Plan history3

Yearassets · accounts · employer contribution

2024$-81.2M · 174 accts · $2.8M emplr

2023$-85.9M · 159 accts · $2.8M emplr

2022$-89.2M · 169 accts · $2.8M emplr

Employer contributions to the Northern Tree Holdco, Inc. plan · 2024

Employer contribution per active participant$17,035

Median for plans this size$540

2024$17,035 per active participant

2023$18,506 per active participant

2022$18,631 per active participant

Northern Tree Holdco, 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 history3

2024Not separately reported

2023Not separately reported

2022Not separately reported

Why are you looking at this plan?

Compare

401(k) plans in Massachusetts

Worked here before? Find your old 401(k)

401(k) plans in Administrative & Support Services

Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 851665706 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.