How much does Savanna Industries, Inc. contribute to its ESOP?

In 2024, employer contributions to the Savanna Industries, Inc. plan averaged $17,554 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 Savanna Industries, Inc. 401(k)?

The average participant account balance was $329,422 for plan year 2024, based on 169 accounts.

Savanna Industries, Inc.ESOP

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

SAVANNA INDUSTRIES EMPLOYEE STOCK OWNERSHIP PLAN · CHANTILLY, VA · plan year 2024

Employer contribution per participant · 2024

$17,554

Savanna Industries, 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 $55,672,330 across 169 participant accounts, with employer contributions averaging $17,554 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 professional & technical services employers. By assets it is the 447th-largest of 2,266 plans among Virginia employers on file, and the 2,543rd of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$55,672,330
Participants with balances169
Active participants176
Employer contributions$3,089,512
Employee contributions—
Employer contribution per active participant$17,554
Average account balance$329,422
Benefits paid to participants$15,256
Plan auditUnmodified (clean) audit opinion
AuditorCLIFTONLARSONALLEN LLP

Employer contributions to the Savanna Industries, Inc. plan · 2024

Employer contribution per active participant$17,554

Median for plans this size$2,416

Savanna Industries, 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.

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Source: U.S. Department of Labor, Form 5500 series, EIN 862944369 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.