How much does Pala Group, Inc. contribute to its ESOP?

In 2023, employer contributions to the Pala Group, Inc. plan averaged $23,699 per active participant, above the $2,440 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 Pala Group, Inc. 401(k)?

The average participant account balance was $40,637 for plan year 2023, based on 758 accounts.

Pala Group, Inc.ESOP

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

PALA GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN · BATON ROUGE, LA · plan year 2023

Employer contribution per participant · 2023

$23,699

Pala Group, 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 $30,802,792 across 758 participant accounts, with employer contributions averaging $23,699 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 26,779 comparable plans and shown alongside other construction employers. By assets it is the 181st-largest of 884 plans among Louisiana employers on file, and the 1,501st of 5,337 in construction. active participation has shrunk from 347 to 304 since 2022.

Plan summary
Net assets, end of year$30,802,792
Participants with balances758
Active participants304
Employer contributions$7,204,518
Employee contributions—
Employer contribution per active participant$23,699
Average account balance$40,637
Benefits paid to participants$1,546,964
Plan auditUnmodified (clean) audit opinion
AuditorHANNIS T. BOURGEOIS, LLP

Plan history3

Yearassets · accounts · employer contribution

2024$29.3M · 679 accts · $2.9M emplr

2023$30.8M · 758 accts · $7.2M emplr

2022$23.1M · 762 accts · $2.6M emplr

Employer contributions to the Pala Group, Inc. plan · 2023

Employer contribution per active participant$23,699

Median for plans this size$2,440

2024$8,405 per active participant

2023$23,699 per active participant

2022$7,494 per active participant

Pala Group, Inc.'s 2023 employer contribution ran above the $2,440 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

All plans at this employer2

PALA GROUP, INC. SAVINGS PLAN AND TRUST401(k)

PALA GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP

Same employer

Pala Group, Inc.'s health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 720932277 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.