How much does Rable Machine, Inc. contribute to its ESOP?

In 2022, employer contributions to the Rable Machine, Inc. plan averaged $5,254 per active participant, above the $1,114 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 Rable Machine, Inc. 401(k)?

The average participant account balance was $64,312 for plan year 2022, based on 138 accounts.

Rable Machine, Inc.ESOP

Name: Rable Machine, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

RABLE MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLAN · MANSFIELD, OH · plan year 2022

Employer contribution per participant · 2022

$5,254

Rable Machine, Inc.'s 2022 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 $8,875,050 across 138 participant accounts, with employer contributions averaging $5,254 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 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Ohio (2,098th of 3,295), and 9,288th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$8,875,050
Participants with balances138
Active participants79
Employer contributions$415,047
Employee contributions—
Employer contribution per active participant$5,254
Average account balance$64,312
Benefits paid to participants$415,047
Plan auditUnmodified (clean) audit opinion
AuditorBOBER MARKEY FEDORVICH

Plan history3

Yearassets · accounts · employer contribution

2024$5.4M · 120 accts · $997K emplr

2023$7.4M · 127 accts · $723K emplr

2022$8.9M · 138 accts · $415K emplr

Employer contributions to the Rable Machine, Inc. plan · 2022

Employer contribution per active participant$5,254

Median for plans this size$1,114

2024$17,498 per active participant

2023$14,178 per active participant

2022$5,254 per active participant

Rable Machine, Inc.'s 2022 employer contribution ran above the $1,114 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.

Administrative cost history3

2024Not separately reported

2023Not separately reported

2022Not separately reported

All plans at this employer2

RABLE MACHINE, INC. RETIREMENT SAVINGS PLAN401(k)

RABLE MACHINE, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP

Same employer

Rable Machine, Inc.'s health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 340813093 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.