How much does Sac Ventures, Inc. contribute to its ESOP?

In 2023, employer contributions to the Sac Ventures, Inc. plan averaged $6,367 per active participant, above the $522 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 Sac Ventures, Inc. 401(k)?

The average participant account balance was -$18,154 for plan year 2023, based on 425 accounts.

Sac Ventures, Inc.ESOP

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

FLAT ROCK METAL AND BAR PROCESSING EMPLOYEE STOCK OWNERSHIP PLAN · FLAT ROCK, MI · plan year 2023

Employer contribution per participant · 2023

$6,367

Sac Ventures, 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 -$7,715,476 across 425 participant accounts, with employer contributions averaging $6,367 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 1,192 comparable plans and shown alongside other manufacturing employers.

Plan summary
Net assets, end of year-$7,715,476
Participants with balances425
Active participants391
Employer contributions$2,489,396
Employee contributions—
Employer contribution per active participant$6,367
Average account balance-$18,154
Benefits paid to participants$92,645
Plan auditUnmodified (clean) audit opinion
AuditorPLANTE & MORAN, PLLC

Plan history3

Yearassets · accounts · employer contribution

2024$-30.3M · 404 accts · $2.5M emplr

2023$-7.7M · 425 accts · $2.5M emplr

2022$-22.1M · 439 accts · $2.4M emplr

Employer contributions to the Sac Ventures, Inc. plan · 2023

Employer contribution per active participant$6,367

Median for plans this size$522

2024$7,503 per active participant

2023$6,367 per active participant

2022$6,083 per active participant

Sac Ventures, Inc.'s 2023 employer contribution ran above the $522 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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Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 383433082 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.