Panelmatic IncESOP
PANELMATIC, INC. EMPLOYEE STOCK OWNERSHIP PLAN · · plan year 2023
Panelmatic 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 $16,387,545 across 140 participant accounts, with employer contributions averaging $5,406 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 manufacturing employers. By assets it is the 6,705th of 13,661 in manufacturing. active participation has grown from 81 to 122 since 2022.
Panelmatic 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 340817614 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.