How much does Pete's Corporation contribute to its Profit-sharing plan?

In 2024, employer contributions to the Pete's Corporation plan averaged $1,111 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 Pete's Corporation 401(k)?

The average participant account balance was $5,065 for plan year 2024, based on 258 accounts.

Pete's CorporationProfit-sharing plan

Name: Pete's Corporation 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

PETE'S CORPORATION RETIREMENT PLAN · PARSONS, KS · plan year 2024

Employer contribution per participant · 2024

$1,111

Pete's Corporation'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 $1,306,647 across 258 participant accounts, with employer contributions averaging $1,111 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 retail trade employers. By assets it is among the smaller plans on file in Kansas (781st of 828), and 4,877th of 5,215 in retail trade.

Plan summary
Net assets, end of year$1,306,647
Participants with balances258
Active participants225
Employer contributions$250,000
Employee contributions—
Employer contribution per active participant$1,111
Average account balance$5,065
Benefits paid to participants$71,868
Plan auditUnmodified (clean) audit opinion
AuditorPICKETT, CHANEY & MCMULLEN LLP

Plan history3

Yearassets · accounts · employer contribution

2024$1.3M · 258 accts · $250K emplr

2023$1.1M · 258 accts · $200K emplr

2022$966K · 279 accts · $150K emplr

Employer contributions to the Pete's Corporation plan · 2024

Employer contribution per active participant$1,111

Median for plans this size$1,313

2024$1,111 per active participant

2023$1,042 per active participant

2022$728 per active participant

Pete's Corporation's 2024 employer contribution ran below the $1,313 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

2023$168 · 0.02%

2022Not separately reported

Similar plansRetail Trade · Kansas
Ride Auto Group, LLC KS$2.9M · 0.07%
Premier Food Service, Inc. KS$2.7M · 0.19%
Randy Curnow Buick Gmc, Inc. KS$2.6M · 2.09%
Discovery Furniture, Inc. KS$2.0M · 1.04%
Elg Palladium Group, LLC MO$1.3M · 1.26%
Impex Inc NC$1.3M · 0.77%
Wamtones, Inc. AZ$1.3M · 0.01%
R Ranch Market, Inc. CA$1.3M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 481040924 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.