How much does Sagaya Corporation contribute to its ESOP?

In 2023, employer contributions to the Sagaya Corporation plan averaged $2,484 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 Sagaya Corporation 401(k)?

The average participant account balance was $159,573 for plan year 2023, based on 131 accounts.

Sagaya CorporationESOP

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

SAGAYA CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN · ANCHORAGE, AK · plan year 2023

Employer contribution per participant · 2023

$2,484

Sagaya Corporation'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 $20,904,115 across 131 participant accounts, with employer contributions averaging $2,484 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 retail trade employers. By assets it is the 75th-largest of 160 plans among Alaska employers on file, and the 1,406th of 5,215 in retail trade.

Plan summary
Net assets, end of year$20,904,115
Participants with balances131
Active participants92
Employer contributions$228,553
Employee contributions—
Employer contribution per active participant$2,484
Average account balance$159,573
Benefits paid to participants$953,865
Plan auditUnmodified (clean) audit opinion
AuditorJONES & ROTH, P.C.

Plan history2

Yearassets · accounts · employer contribution

2024$20.8M · 143 accts · $297K emplr

2023$20.9M · 131 accts · $229K emplr

Employer contributions to the Sagaya Corporation plan · 2023

Employer contribution per active participant$2,484

Median for plans this size$2,440

2024$3,342 per active participant

2023$2,484 per active participant

Sagaya Corporation's 2023 employer contribution ran above the $2,440 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.

Administrative cost history2

2024Not separately reported

2023Not separately reported

Similar plansRetail Trade · Alaska
The North West Company International, Inc. AK$28.3M · 0.38%
Colville/Brooks Range Supply AK$22.7M · 0.33%
Continental Motor Company, Inc. AK$14.6M · 0.46%
Furniture Enterprises of Alaska, AK$9.5M · 0.03%
Three Bears Alaska, Inc. AK$8.4M · 1.34%
Hames Corporation AK$5.1M · 0.77%

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Source: U.S. Department of Labor, Form 5500 series, EIN 920076914 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.