How much does Rifenburg Holdings, Inc. contribute to its ESOP?

In 2024, employer contributions to the Rifenburg Holdings, Inc. plan averaged $167 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 Rifenburg Holdings, Inc. 401(k)?

The average participant account balance was $77,928 for plan year 2024, based on 329 accounts.

Rifenburg Holdings, Inc.ESOP

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

RIFENBURG EMPLOYEE STOCK OWNERSHIP PLAN · TROY, NY · plan year 2024

Employer contribution per participant · 2024

$167

Rifenburg Holdings, 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 $25,638,226 across 329 participant accounts, with employer contributions averaging $167 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 construction employers. By assets it is the 2,165th-largest of 5,648 plans among New York employers on file, and the 1,704th of 5,337 in construction.

Plan summary
Net assets, end of year$25,638,226
Participants with balances329
Active participants329
Employer contributions$54,872
Employee contributions—
Employer contribution per active participant$167
Average account balance$77,928
Plan auditUnmodified (clean) audit opinion
AuditorBONADIO & CO, LLP

Employer contributions to the Rifenburg Holdings, Inc. plan · 2024

Employer contribution per active participant$167

Median for plans this size$2,416

Rifenburg Holdings, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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.

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Source: U.S. Department of Labor, Form 5500 series, EIN 993614527 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.