How much does Psk Operating Parent, Inc. contribute to its ESOP?

In 2024, employer contributions to the Psk Operating Parent, Inc. plan averaged $6,722 per active participant, above the $540 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 Psk Operating Parent, Inc. 401(k)?

The average participant account balance was -$36,352 for plan year 2024, based on 828 accounts.

Psk Operating Parent, Inc.ESOP

Name: Psk Operating Parent, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

PSK OPERATING PARENT INC. EMPLOYEE STOCK OWNERSHIP PLAN · MOUNT VERNON, NY · plan year 2024

Employer contribution per participant · 2024

$6,722

Psk Operating Parent, 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 -$30,099,283 across 828 participant accounts, with employer contributions averaging $6,722 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other retail trade employers.

Plan summary
Net assets, end of year-$30,099,283
Participants with balances828
Active participants514
Employer contributions$3,455,355
Employee contributions—
Employer contribution per active participant$6,722
Average account balance-$36,352
Benefits paid to participants$57,377
Plan auditUnmodified (clean) audit opinion
AuditorFORVIS MAZARS, LLP

Employer contributions to the Psk Operating Parent, Inc. plan · 2024

Employer contribution per active participant$6,722

Median for plans this size$540

Psk Operating Parent, Inc.'s 2024 employer contribution ran above the $540 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.

Why are you looking at this plan?

Compare

401(k) plans in New York

Worked here before? Find your old 401(k)

401(k) plans in Retail Trade

Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 134037480 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.