How much does Raffertys, Inc. contribute to its ESOP?

In 2024, employer contributions to the Raffertys, Inc. plan averaged $1,802 per active participant, below 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 Raffertys, Inc. 401(k)?

The average participant account balance was $13,526 for plan year 2024, based on 2,549 accounts.

Raffertys, Inc.ESOP

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

RAFFERTYS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · BOWLING GREEN, KY · plan year 2024

Employer contribution per participant · 2024

$1,802

Raffertys, 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 $34,478,989 across 2,549 participant accounts, with employer contributions averaging $1,802 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 accommodation & food services employers. By assets it is the 199th-largest of 871 plans among Kentucky employers on file, and the 183rd of 2,240 in accommodation & food services.

Plan summary
Net assets, end of year$34,478,989
Participants with balances2,549
Active participants952
Employer contributions$1,715,850
Employee contributions—
Employer contribution per active participant$1,802
Average account balance$13,526
Benefits paid to participants$1,714,785
Plan auditUnmodified (clean) audit opinion
AuditorKIRBY & MOORE, LLP

Plan history3

Yearassets · accounts · employer contribution

2024$34.5M · 2,549 accts · $1.7M emplr

2023$34.1M · 2,556 accts · $1.5M emplr

2022$26.6M · 2,586 accts · $1.4M emplr

Employer contributions to the Raffertys, Inc. plan · 2024

Employer contribution per active participant$1,802

Median for plans this size$2,416

2024$1,802 per active participant

2023$1,549 per active participant

2022$1,439 per active participant

Raffertys, Inc.'s 2024 employer contribution ran below 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

Same employer

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

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Source: U.S. Department of Labor, Form 5500 series, EIN 610985188 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.