How much does Ptm Management Corp. contribute to its ESOP?

In 2024, employer contributions to the Ptm Management Corp. plan averaged $3,582 per active participant, above the $2,416 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 Ptm Management Corp. 401(k)?

The average participant account balance was $97,175 for plan year 2024, based on 286 accounts.

Ptm Management Corp.ESOP

Name: Ptm Management Corp. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

PTM MANAGEMENT CORP. EMPLOYEE STOCK OWNERSHIP PLAN · JAMAICA, NY · plan year 2024

Employer contribution per participant · 2024

$3,582

Ptm Management Corp.'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 $27,791,923 across 286 participant accounts, with employer contributions averaging $3,582 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 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 2,061st-largest of 5,648 plans among New York employers on file, and the 589th of 2,677 in transportation & warehousing.

Plan summary
Net assets, end of year$27,791,923
Participants with balances286
Active participants228
Employer contributions$816,670
Employee contributions—
Employer contribution per active participant$3,582
Average account balance$97,175
Benefits paid to participants$5,660,131
Plan auditUnmodified (clean) audit opinion
AuditorCOHNREZNICK LLP

Plan history3

Yearassets · accounts · employer contribution

2024$27.8M · 286 accts · $817K emplr

2023$17.8M · 629 accts · $1.1M emplr

2022$6.0M · 607 accts · $3.3M emplr

Employer contributions to the Ptm Management Corp. plan · 2024

Employer contribution per active participant$3,582

Median for plans this size$2,416

2024$3,582 per active participant

2023$5,703 per active participant

2022$15,975 per active participant

Ptm Management Corp.'s 2024 employer contribution ran above the $2,416 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

All plans at this employer2

PTM MANAGEMENT CORP. 401K PROFIT SHARING PLAN401(k)

PTM MANAGEMENT CORP. EMPLOYEE STOCK OWNERSHIP PLANESOP

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Source: U.S. Department of Labor, Form 5500 series, EIN 113620341 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.