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

In 2024, employer contributions to the Pacts Holdings, Inc. plan averaged $639 per active participant, below the $1,313 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 Pacts Holdings, Inc. 401(k)?

The average participant account balance was $54,492 for plan year 2024, based on 189 accounts.

Pacts Holdings, Inc.ESOP

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

PACTS HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · CHARLOTTE, NC · plan year 2024

Employer contribution per participant · 2024

$639

Pacts 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 $10,298,979 across 189 participant accounts, with employer contributions averaging $639 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in North Carolina (1,093rd of 2,005), and 3,057th of 5,337 in construction. active participation has grown from 163 to 180 since 2022.

Plan summary
Net assets, end of year$10,298,979
Participants with balances189
Active participants180
Employer contributions$115,015
Employee contributions—
Employer contribution per active participant$639
Average account balance$54,492
Benefits paid to participants$41,395
Plan auditUnmodified (clean) audit opinion
AuditorCLIFTONLARSONALLEN LLP

Plan history3

Yearassets · accounts · employer contribution

2024$10.3M · 189 accts · $115K emplr

2023$6.9M · 180 accts · $74K emplr

2022$3.2M · 161 accts · $74K emplr

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

Employer contribution per active participant$639

Median for plans this size$1,313

2024$639 per active participant

2023$460 per active participant

2022$452 per active participant

Pacts Holdings, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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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Source: U.S. Department of Labor, Form 5500 series, EIN 873848985 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.