How much does SHINE516, Inc. contribute to its ESOP?

In 2024, employer contributions to the SHINE516, Inc. plan averaged $16,538 per active participant, above the $3,635 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 SHINE516, Inc. 401(k)?

The average participant account balance was $487,601 for plan year 2024, based on 230 accounts.

SHINE516, Inc.ESOP

Name: SHINE516, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

SHINE516, INC. EMPLOYEE STOCK OWNERSHIP PLAN · OCOEE, FL · plan year 2024

Employer contribution per participant · 2024

$16,538

SHINE516, 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 $112,148,223 across 230 participant accounts, with employer contributions averaging $16,538 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 297th-largest of 3,644 plans among Florida employers on file, and the 341st of 5,215 in retail trade. active participation has grown from 165 to 193 since 2022.

Plan summary
Net assets, end of year$112,148,223
Participants with balances230
Active participants193
Employer contributions$3,191,759
Employee contributions—
Employer contribution per active participant$16,538
Average account balance$487,601
Benefits paid to participants$943,392
Plan auditUnmodified (clean) audit opinion
AuditorCLIFTONLARSONALLEN, LLP

Plan history3

Yearassets · accounts · employer contribution

2024$112.1M · 230 accts · $3.2M emplr

2023$96.0M · 210 accts · $2.2M emplr

2022$78.9M · 181 accts · $2.3M emplr

Employer contributions to the SHINE516, Inc. plan · 2024

Employer contribution per active participant$16,538

Median for plans this size$3,635

2024$16,538 per active participant

2023$11,898 per active participant

2022$14,021 per active participant

SHINE516, Inc.'s 2024 employer contribution ran above the $3,635 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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Source: U.S. Department of Labor, Form 5500 series, EIN 881584593 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.