ROYAL TECHNOLOGIES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN · HUDSONVILLE, MI · plan year 2022
Employer contribution per participant · 2022
$4,744
Royal Technologies Corporation'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 $152,679,937 across 1,508 participant accounts, with employer contributions averaging $4,744 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other manufacturing employers. By assets it is the 192nd-largest of 2,619 plans among Michigan employers on file, and the 1,396th of 13,661 in manufacturing.
Plan summary
Net assets, end of year$152,679,937
Participants with balances1,508
Active participants1,054
Employer contributions$5,000,000
Employee contributions—
Employer contribution per active participant$4,744
Average account balance$101,247
Benefits paid to participants$9,832,697
Plan auditUnmodified (clean) audit opinion
AuditorBDO USA, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$134.0M · 1,503 accts · $5.8M emplr
2023$135.5M · 1,502 accts · $5.5M emplr
2022$152.7M · 1,508 accts · $5.0M emplr
Employer contributions to the Royal Technologies Corporation plan · 2022
Employer contribution per active participant$4,744
Median for plans this size$3,449
2024$5,404 per active participant
2023$5,189 per active participant
2022$4,744 per active participant
Royal Technologies Corporation's 2022 employer contribution ran above the $3,449 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.
Source: U.S. Department of Labor, Form 5500 series, EIN 382726351 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.