How much does Ogden Forklifts, Inc. contribute to its ESOP?

In 2024, employer contributions to the Ogden Forklifts, Inc. plan averaged $10,838 per active participant, above 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 Ogden Forklifts, Inc. 401(k)?

The average participant account balance was $220,062 for plan year 2024, based on 147 accounts.

Ogden Forklifts, Inc.ESOP

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

OGDEN FORKLIFTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · ATLANTA, GA · plan year 2024

Employer contribution per participant · 2024

$10,838

Ogden Forklifts, 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 $32,349,152 across 147 participant accounts, with employer contributions averaging $10,838 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 642nd-largest of 2,160 plans among Georgia employers on file, and the 4,247th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$32,349,152
Participants with balances147
Active participants113
Employer contributions$1,224,668
Employee contributions—
Employer contribution per active participant$10,838
Average account balance$220,062
Benefits paid to participants$961,190
Plan auditUnmodified (clean) audit opinion
AuditorCARR RIGGS & INGRAM, LLC

Employer contributions to the Ogden Forklifts, Inc. plan · 2024

Employer contribution per active participant$10,838

Median for plans this size$2,416

Ogden Forklifts, Inc.'s 2024 employer contribution ran above the $2,416 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 464423610 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.