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

In 2023, employer contributions to the Schimenti Construction Holdings, Inc. plan averaged $22,788 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 Schimenti Construction Holdings, Inc. 401(k)?

The average participant account balance was -$387,883 for plan year 2023, based on 259 accounts.

Schimenti Construction Holdings, Inc.ESOP

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

SCHIMENTI CONSTRUCTION EMPLOYEE STOCK OWNERSHIP PLAN · RYE BROOK, NY · plan year 2023

Employer contribution per participant · 2023

$22,788

Schimenti Construction Holdings, 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 -$100,461,728 across 259 participant accounts, with employer contributions averaging $22,788 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 construction employers.

Plan summary
Net assets, end of year-$100,461,728
Participants with balances259
Active participants233
Employer contributions$5,309,519
Employee contributions—
Employer contribution per active participant$22,788
Average account balance-$387,883
Benefits paid to participants$66
Plan auditUnmodified (clean) audit opinion
AuditorCAPOSSELA, COHEN, LLC

Plan history3

Yearassets · accounts · employer contribution

2024$-103.4M · 276 accts · $5.3M emplr

2023$-100.5M · 259 accts · $5.3M emplr

2022$-111.4M · 219 accts · $6.6M emplr

Employer contributions to the Schimenti Construction Holdings, Inc. plan · 2023

Employer contribution per active participant$22,788

Median for plans this size$522

2024$21,195 per active participant

2023$22,788 per active participant

2022$29,887 per active participant

Schimenti Construction Holdings, 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 920852321 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.