State Utility Contractors, Inc.ESOP
STATE UTILITY CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · MONROE, NC · plan year 2024
State Utility Contractors, 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 $115,466,615 across 228 participant accounts, with employer contributions averaging $23,508 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 construction employers. By assets it is the 176th-largest of 2,005 plans among North Carolina employers on file, and the 550th of 5,337 in construction. active participation has grown from 135 to 153 since 2022.
State Utility Contractors, 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 561444827 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.