Plan Ledger DOL Form 5500 · updated monthly

Showplace Wood Products, Inc.ESOP

SHOWPLACE WOOD PRODUCTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · HARRISBURG, SD · plan year 2024

Employer contribution per participant · 2024
$8,382

Showplace Wood Products, 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 $103,967,023 across 612 participant accounts, with employer contributions averaging $8,382 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 manufacturing employers. By assets it is the 14th-largest of 233 plans among South Dakota employers on file, and the 1,860th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$103,967,023
Participants with balances612
Active participants525
Employer contributions$4,400,705
Employee contributions—
Employer contribution per active participant$8,382
Average account balance$169,881
Benefits paid to participants$10,052,535
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$104.0M · 612 accts · $4.4M emplr
2023$99.1M · 612 accts · $3.6M emplr
2022$91.4M · 591 accts · $4.3M emplr
Employer contributions to the Showplace Wood Products, Inc. plan · 2024
Employer contribution per active participant$8,382
Median for plans this size$3,635
2024$8,382 per active participant
2023$7,146 per active participant
2022$9,007 per active participant

Showplace Wood Products, 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.

Recordkeeper by year2
2024Alerus
2023Alerus

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Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
All plans at this employer2
SHOWPLACE WOOD PRODUCTS, INC. 401(K) RETIREMENT PLAN401(k)
SHOWPLACE WOOD PRODUCTS, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
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Source: U.S. Department of Labor, Form 5500 series, EIN 460453066 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.