How much does Src Elastomerics, Inc. dba Stockwell Elastomerics, Inc. contribute to its ESOP?

In 2023, employer contributions to the Src Elastomerics, Inc. dba Stockwell Elastomerics, Inc. plan averaged $7,712 per active participant, above the $1,308 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 Src Elastomerics, Inc. dba Stockwell Elastomerics, Inc. 401(k)?

The average participant account balance was $78,252 for plan year 2023, based on 130 accounts.

Src Elastomerics, Inc. dba Stockwell Elastomerics, Inc.ESOP

Name: Src Elastomerics, Inc. dba Stockwell Elastomerics, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

STOCKWELL ELASTOMERICS PERPETUITY EMPLOYEE STOCK OWNERSHIP PLAN · PHILADELPHIA, PA · plan year 2023

Employer contribution per participant · 2023

$7,712

Src Elastomerics, Inc. dba Stockwell Elastomerics, 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 $10,172,789 across 130 participant accounts, with employer contributions averaging $7,712 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Pennsylvania (2,271st of 3,651), and 8,703rd of 13,661 in manufacturing.

Plan summary
Net assets, end of year$10,172,789
Participants with balances130
Active participants91
Employer contributions$701,753
Employee contributions—
Employer contribution per active participant$7,712
Average account balance$78,252
Benefits paid to participants$63,215
Plan auditUnmodified (clean) audit opinion
AuditorKREISCHER MILLER

Plan history3

Yearassets · accounts · employer contribution

2024$4.7M · 136 accts · $229K emplr

2023$10.2M · 130 accts · $702K emplr

2022$7.8M · 115 accts · $686K emplr

Employer contributions to the Src Elastomerics, Inc. dba Stockwell Elastomerics, Inc. plan · 2023

Employer contribution per active participant$7,712

Median for plans this size$1,308

2024$2,632 per active participant

2023$7,712 per active participant

2022$7,890 per active participant

Src Elastomerics, Inc. dba Stockwell Elastomerics, Inc.'s 2023 employer contribution ran above the $1,308 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

Same employer

Src Elastomerics, Inc. dba Stockwell Elastomerics, Inc.'s health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 231127920 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.