How much does Omnibuild Management, Inc. contribute to its ESOP?

In 2022, employer contributions to the Omnibuild Management, Inc. plan averaged $75,909 per active participant, above the $331 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 Omnibuild Management, Inc. 401(k)?

The average participant account balance was -$401,762 for plan year 2022, based on 114 accounts.

Omnibuild Management, Inc.ESOP

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

OMNIBUILD MANAGEMENT, INC. EMPLOYEE STOCK OWNERSHIP PLAN · NEW YORK, NY · plan year 2022

Employer contribution per participant · 2022

$75,909

Omnibuild Management, Inc.'s 2022 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 -$45,800,823 across 114 participant accounts, with employer contributions averaging $75,909 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 4,041 comparable plans and shown alongside other construction employers.

Plan summary
Net assets, end of year-$45,800,823
Participants with balances114
Active participants41
Employer contributions$3,112,288
Employee contributions—
Employer contribution per active participant$75,909
Average account balance-$401,762
Benefits paid to participants$5,842
Plan auditUnmodified (clean) audit opinion
AuditorGRASSI

Plan history3

Yearassets · accounts · employer contribution

2024$-57.3M · 134 accts

2023$-57.5M · 127 accts · $3.9M emplr

2022$-45.8M · 114 accts · $3.1M emplr

Employer contributions to the Omnibuild Management, Inc. plan · 2022

Employer contribution per active participant$75,909

Median for plans this size$331

2023$78,574 per active participant

2022$75,909 per active participant

Omnibuild Management, Inc.'s 2022 employer contribution ran above the $331 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

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Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 810754646 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.