How much does Ryco Inc. contribute to its ESOP?

In 2024, employer contributions to the Ryco Inc. plan averaged $7,698 per active participant, above 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 Ryco Inc. 401(k)?

The average participant account balance was $71,372 for plan year 2024, based on 199 accounts.

Ryco Inc.ESOP

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

RYCO INC. EMPLOYEE STOCK OWNERSHIP PLAN · MCKEESPORT, PA · plan year 2024

Employer contribution per participant · 2024

$7,698

Ryco 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 $14,203,034 across 199 participant accounts, with employer contributions averaging $7,698 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 among the smaller plans on file in Pennsylvania (1,917th of 3,651), and the 2,557th of 5,337 in construction.

Plan summary
Net assets, end of year$14,203,034
Participants with balances199
Active participants164
Employer contributions$1,262,394
Employee contributions—
Employer contribution per active participant$7,698
Average account balance$71,372
Benefits paid to participants$83,530
Plan auditUnmodified (clean) audit opinion
AuditorCASE SABATINI

Plan history3

Yearassets · accounts · employer contribution

2024$14.2M · 199 accts · $1.3M emplr

2023$7.0M · 179 accts · $1.3M emplr

2022$2.0M · 175 accts · $1.2M emplr

Employer contributions to the Ryco Inc. plan · 2024

Employer contribution per active participant$7,698

Median for plans this size$2,416

2024$7,698 per active participant

2023$7,215 per active participant

2022$7,777 per active participant

Ryco Inc.'s 2024 employer contribution ran above the $2,416 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

All plans at this employer2

RYCO INC. 401K PLAN401(k)

RYCO INC. EMPLOYEE STOCK OWNERSHIP PLANESOP

Same employer

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

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Source: U.S. Department of Labor, Form 5500 series, EIN 251487877 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.