How much does Ross Industries, Inc. contribute to its ESOP?

In 2023, employer contributions to the Ross Industries, Inc. plan averaged $23,821 per active participant, above the $2,440 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 Ross Industries, Inc. 401(k)?

The average participant account balance was $272,480 for plan year 2023, based on 174 accounts.

Ross Industries, Inc.ESOP

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

ROSS INDUSTRIES, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST · HAUPPAUGE, NY · plan year 2023

Employer contribution per participant · 2023

$23,821

Ross Industries, Inc.'s 2023 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 $47,411,486 across 174 participant accounts, with employer contributions averaging $23,821 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 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,417th-largest of 5,648 plans among New York employers on file, and the 3,283rd of 13,661 in manufacturing.

Plan summary
Net assets, end of year$47,411,486
Participants with balances174
Active participants122
Employer contributions$2,906,127
Employee contributions—
Employer contribution per active participant$23,821
Average account balance$272,480
Benefits paid to participants$3,506,127
Plan auditUnmodified (clean) audit opinion
AuditorCLIFTONLARSONALLEN, LLP

Plan history3

Yearassets · accounts · employer contribution

2024$42.4M · 176 accts · $38K emplr

2023$47.4M · 174 accts · $2.9M emplr

2022$41.4M · 162 accts

Employer contributions to the Ross Industries, Inc. plan · 2023

Employer contribution per active participant$23,821

Median for plans this size$2,440

2024$334 per active participant

2023$23,821 per active participant

Ross Industries, Inc.'s 2023 employer contribution ran above the $2,440 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

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Source: U.S. Department of Labor, Form 5500 series, EIN 113488476 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.