Plan Ledger DOL Form 5500 · updated monthly

Palmer-Donavin Holdings, Inc.ESOP

PALMER-DONAVIN EMPLOYEE STOCK OWNERSHIP PLAN · GROVE CITY, OH · plan year 2022

Employer contribution per participant · 2022
$4,904

Palmer-Donavin Holdings, 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 $116,972,707 across 572 participant accounts, with employer contributions averaging $4,904 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other wholesale trade employers. By assets it is the 327th-largest of 3,295 plans among Ohio employers on file, and the 363rd of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$116,972,707
Participants with balances572
Active participants508
Employer contributions$2,491,078
Employee contributions—
Employer contribution per active participant$4,904
Average account balance$204,498
Benefits paid to participants$3,785,308
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$100.1M · 672 accts · $4.5M emplr
2023$101.4M · 643 accts · $3.5M emplr
2022$117.0M · 572 accts · $2.5M emplr
Employer contributions to the Palmer-Donavin Holdings, Inc. plan · 2022
Employer contribution per active participant$4,904
Median for plans this size$3,449
2024$7,882 per active participant
2023$6,189 per active participant
2022$4,904 per active participant

Palmer-Donavin Holdings, Inc.'s 2022 employer contribution ran above the $3,449 median for plans its size. 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
Similar plansWholesale Trade · Ohio
Atlas Steel Products Company OH$140.5M · 0.01%
Green Dot Corporation OH$134.7M · 0.08%
Gbs Corp OH$121.9M · 0.03%
Gosiger Holdings, Inc. OH$101.6M · 0.17%
Buyers Products Company OH$100.8M · 0.36%
Brg Sports, Inc. OH$99.4M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464454067 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.