How much does Rumsey Construction, Inc. contribute to its ESOP?

In 2022, employer contributions to the Rumsey Construction, Inc. plan averaged $11,497 per active participant, above the $331 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 Rumsey Construction, Inc. 401(k)?

The average participant account balance was -$144,282 for plan year 2022, based on 92 accounts.

Rumsey Construction, Inc.ESOP

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

RUMSEY CONSTRUCTION EMPLOYEE STOCK OWNERSHIP PLAN · CARROLLTON, TX · plan year 2022

Employer contribution per participant · 2022

$11,497

Rumsey Construction, 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 -$13,273,903 across 92 participant accounts, with employer contributions averaging $11,497 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other construction employers.

Plan summary
Net assets, end of year-$13,273,903
Participants with balances92
Active participants71
Employer contributions$816,286
Employee contributions—
Employer contribution per active participant$11,497
Average account balance-$144,282
Benefits paid to participants$2,628
Plan auditUnmodified (clean) audit opinion
AuditorHUSELTON, MORGAN & MAULTSBY, PC

Employer contributions to the Rumsey Construction, Inc. plan · 2022

Employer contribution per active participant$11,497

Median for plans this size$331

Rumsey Construction, Inc.'s 2022 employer contribution ran above the $331 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.

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Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 800868003 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.