Plan Ledger DOL Form 5500 · updated monthly

T.W. Frierson Contractor, Inc.ESOP

T.W. FRIERSON CONTRACTOR, INC. EMPLOYEE STOCK OWNERSHIP PLAN · NASHVILLE, TN · plan year 2023

Employer contribution per participant · 2023
$10,833

T.W. Frierson Contractor, 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 $30,766,845 across 172 participant accounts, with employer contributions averaging $10,833 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 26,779 comparable plans and shown alongside other construction employers. By assets it is the 407th-largest of 1,496 plans among Tennessee employers on file, and the 1,503rd of 5,337 in construction.

Plan summary
Net assets, end of year$30,766,845
Participants with balances172
Active participants148
Employer contributions$1,603,318
Employee contributions—
Employer contribution per active participant$10,833
Average account balance$178,877
Benefits paid to participants$778,776
Plan auditUnmodified (clean) audit opinion
AuditorBLANKENSHIP CPA GROUP, PLLC
Plan history2
Yearassets · accounts · employer contribution
2023$30.8M · 172 accts · $1.6M emplr
2022$17.1M · 177 accts · $651K emplr
Employer contributions to the T.W. Frierson Contractor, Inc. plan · 2023
Employer contribution per active participant$10,833
Median for plans this size$2,440
2023$10,833 per active participant
2022$5,087 per active participant

T.W. Frierson Contractor, Inc.'s 2023 employer contribution ran above the $2,440 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 history2
2023Not separately reported
2022Not separately reported
All plans at this employer2
T. W. FRIERSON CONTRACTOR, INC. 401(K) PROFIT SHARING PLAN401(k)
T.W. FRIERSON CONTRACTOR, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
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Source: U.S. Department of Labor, Form 5500 series, EIN 620602130 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.