Peopletec, Inc.ESOP
PEOPLETEC, INC. EMPLOYEE STOCK OWNERSHIP PLAN · HUNTSVILLE, AL · plan year 2024
Peopletec, 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 $95,517,898 across 692 participant accounts, with employer contributions averaging $8,455 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 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 78th-largest of 902 plans among Alabama employers on file, and the 1,586th of 11,654 in professional & technical services. active participation has grown from 515 to 615 since 2022.
Peopletec, Inc.'s 2024 employer contribution ran above the $3,635 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 202320135 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.