Sun Automation Inc.ESOP
SUN AUTOMATION INC. EMPLOYEE STOCK OWNERSHIP PLAN · GLEN ARM, MD · plan year 2024
Sun Automation 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 $37,792,540 across 209 participant accounts, with employer contributions averaging $8,395 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 398th-largest of 1,671 plans among Maryland employers on file, and the 3,839th of 13,661 in manufacturing. active participation has grown from 105 to 117 since 2022.
Sun Automation Inc.'s 2024 employer contribution ran above the $2,416 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.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 521394629 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.